Hello all, I am brand new to the land of real estate investing. I’m 23 and I want to get in. My goal is to own about 3-5 single family dwellings, and to fix them up a bit one at a time, as I buy and own and then rent them out to long term renters.
To start, i obviously need to save up so I can either buy in cash(I know that is a huge task) or save enough for a large down payment. My question is, is it better to hurry and land my first house, and pay the mortgage while saving for the next one or is it better to save up for a large down payment while overpaying in a rental? Does either way benefit me? Does it even matter?
Secondly, where do I start? Do I contact an agent? Do I speak to my bank?
Thank you all in advance for your help.