Three Paths to Real Estate Investing—And Which Might Fit You Best

Let’s start with the truth: Real estate investing can feel overwhelming.

Everyone seems to have a different approach. Some are flipping houses. Others are buying rentals. Some are into short-term rentals, while others are going all-in on multifamily or syndications. The options are as varied as the goals.

So how do you choose?

At Tamarack, we break it down into three accessible, effective entry points—each tailored to different goals, resources, and lifestyles. Whether you’re a hands-on doer or a busy professional looking for passive income, one of these approaches can help you start building wealth through real estate in a way that fits your life.

1. House Hacking: The Hands-On, Low-Capital Start

Best for: Younger investors, individuals without kids, or anyone with mobility and time on their side.

This strategy is as practical as it is powerful: buy a duplex (or triplex/fourplex), live in one unit, and rent out the others.

Why it works:

• You already need housing—so you’re eliminating your biggest monthly expense by becoming your own landlord.
• You get access to favorable residential financing: low down payments, 30-year fixed terms, no balloon payments.
• You learn the ropes of property management and build sweat equity fast.

Casey started here. While working full time, he and his wife moved into a duplex with their first child on the way. He learned to self-manage. He figured out what tenants need, what repairs really cost, and what makes a rental truly profitable.

What began as a side strategy quickly grew into a scalable base for future deals.

Pro Tip: Even if you self-manage at first, do it with systems in mind. Use property management software, build relationships with vendors, and document your processes. That way, you’re not tied to every task forever—and you’ll appreciate great property managers even more when you scale.

2. Partnerships: Pooling Capital and Insight for Mid-Sized Growth

Best for: Investors with some capital, but not enough to go it alone—or those who want to learn from others and share risk.

Investing with a trusted group of peers allows you to:

• Pool financial resources to go after larger, more stable assets
• Leverage each partner’s unique strengths (e.g., legal, construction, finance, operations)
• Share risk and decision-making

This model powered Tamarack’s early growth. A small group of professionals, each with similar goals and aligned values, came together to purchase and renovate mixed-use properties in Washington State. Some had capital. Some had time. Some had relevant experience. Everyone brought something valuable to the table.

What made it work? Clear communication, shared vision, and an agreement on how to make decisions—especially under pressure.

Pro Tip: Partnerships can either elevate or frustrate you. Start with clear expectations and legal agreements—even if you’re investing with friends. Clarity now prevents conflict later.

3. Passive Syndication: Investing Without the Day-to-Day

Best for: Busy professionals, high-income earners, or anyone who wants exposure to real estate without the operational burden.

This is where Tamarack shines. Through syndication, accredited investors can pool capital to invest in large-scale, professionally managed real estate deals—without needing to find, finance, or manage the property themselves.

Here’s what syndication offers:

• Access to bigger, often more stable properties (100+ unit multifamily, commercial real estate)
• True passivity—no tenants, no maintenance calls, no project management
• Predictable reporting, tax advantages (via K-1s), and a vetted operator leading the charge

At Tamarack, our role is to find those opportunities, do the hard diligence, structure the deals, and manage the assets—so our investors can focus on what they do best.

Pro Tip: Not all syndications are created equal. Ask your operator about their debt strategy, contingency planning, and what happens if market conditions shift. The right syndicator will welcome the questions—and have answers that give you confidence.

So… Which Path Is Right for You?

It depends on three key variables:

1. Capital – How much can you invest?
   • <$50K: House hacking or small partnerships may be ideal.
   • $50K–$200K: Partnerships and passive syndications become accessible.
   • $200K+: You may want a mix of syndications and direct ownership for diversification.
2. Time – How involved do you want to be?
   • High availability: Start hands-on and build skills.
   • Limited bandwidth: Syndications or investing with experienced partners might be the way to go.
3. Goals – What does success look like?
   • Cash flow now? Look for stabilized assets or debt funds.
   • Tax optimization? Real estate syndications offer powerful depreciation benefits.
   • Long-term equity growth? Value-add deals and patient holds can offer big upside.

The Hybrid Path: Evolving As You Grow

Many of our investors start one way and evolve over time. They may begin with a duplex, move into partnerships, and eventually allocate larger sums to syndications as their income grows and time becomes more scarce.

That’s the beauty of real estate—it meets you where you are. And if you play the long game, the strategies start to complement each other.

Imagine:

• You house-hacked in your 20s, learning the ropes and building equity.
• You partnered in your 30s, leveraging relationships and capital to grow faster.
• You invested passively in your 40s and beyond, preserving time and maximizing returns.

That’s a portfolio built for both performance and peace of mind.

Final Thoughts: Start Where You Are—But Start

Real estate can feel complex. But at Tamarack, we see it for what it is: a path to more ownership, more freedom, and more control over your financial future.

You don’t have to be an expert. You don’t need millions in the bank. You just need a clear sense of your goals—and a willingness to take the first step.

We’ll meet you wherever you are.

Because what we do is complex—but your next step doesn’t have to be.