Posted by michaela-ATL on January 12, 2004 at 11:55:34:
My advice is: Don’t just pick something for the money.
Find a facet of real estate investing, that will give you pleasure in addition to money.
This can be a very difficult business. You may deal with tenants, that tear up your place, have budget overruns when rehabbing, be stuck with a property when you’re trying to wholesale.
Take a look at yourself and see what gives you pleasure: Do you enjoy wheeling and dealing - them maybe wholesaling. Do you really don’t care to deal with people, but prefer number crunching - maybe notes is the way to go. How about designing - then rehabbing might float your boat.
There are so many facets to this industry. Find something, that you will enjoy, or it will eat you alive!