Welcome to the BiggerPockets Ultimate Beginner's Guide to Real Estate Investing
People from all over the world have been coming to BiggerPockets to find the answer to that question. While some might lead you to believe that there is a simple answer that works for everyone, that simply isn't the case. We've built this guide to help simplify the process of figuring out how YOU can get started. Of course, this guide is not an all-encompassing "how-to" manual about every aspect of real estate investing, but a broad-stroke overview of the best ways to start down your path to financial freedom through real estate investments.
What to Expect in This Beginner's Guide
This guide contains eight chapters, each focusing on a specific part of your investing journey. If you can master these, you increase your chance of building wealth through real estate and minimize the risk of failure or loss. This guide will walk you through the following:
Your Real Estate Investing Education
Before you start investing in real estate, it is imperative that you get educated in the important concepts. There are dozens of ways to get educated and build your knowledge base and Chapter 2 will focus on those areas in great depth.
Choose Your Real Estate Niche and Strategies
There are a number of different strategies and angles from which to approach the business of real estate investing. The more you focus on one specific thing, the better and more knowledgeable you become at it. This will be the focus of Chapter 3, as we dive deeper into looking at the various niches and strategies you can profit from in your real estate investing journey.
Create Your Real Estate Business Plan
As the ancient proverb goes, a house built upon sand is subject to collapse. By creating a strong foundation that your real estate investing endeavors will stand upon, you will create a more sustainable business that can weather the storms you may face. Chapter 4 will show you the best ways to build that foundation to maximize the odds of your success.
Find The Best Investment Properties
When it comes time to actually make your first investment purchase, it is vitally important that you don't pay too much and that you invest in the right kind of property. Chapter 5 will dive into the specifics of how to set proper criteria to guide your investment decision making.
Financing Your Real Estate Investments
Paying for your investment is much different than paying for a loaf of bread - and the method used can often mean the difference between success and failure in a real estate investment. Chapter 6 will dive into the various financing tools you can use throughout your investing career.
Mastering Real Estate Investment Marketing
Regardless of what aspect of real estate investing you choose to focus on, you will undoubtedly need to have a strong marketing skill set. Too many investors have the “if you build it, they will come” mentality when it comes to real estate. Putting together the right marketing program and allocating the necessary amount of resources towards is is absolutely crucial to the success of any real estate investing business over the long term. Chapter 7 will focus on the marketing aspect of your real estate investing business.
Knowing and Executing Your Exit Strategies
How you plan on exiting your real estate investments is just as important as the way you enter them. Whether you sell, rent, or exchange your property - it is vitally important to have a clear understanding of your exit strategy options for any investment deal from the beginning, to minimize your risk. Chapter 8 will discuss these exit options in detail to help you plot your real estate investing course.
Are You Ready to Begin?
As you work your way through this guide, remember that this is not all-encompassing. It is a 40,000 foot view of how real estate investing works and is designed to give you the basic tools to get past the all important question of how to get started. As you read along, make note of any questions or highlights and then come back to BiggerPockets.com and search the site or ask questions on our forums to learn more about anything on your mind. If you're unfamiliar with our site, BiggerPockets.com is an online community of real estate investors with the web's largest collection of advice for new and experienced investors and is free to join and begin participating, learning, and growing.
If you are new to BiggerPockets, start with our real estate forums. The BiggerPockets Forums contain more than 800,000 posts about every aspect of real estate investing, updated hundreds of times daily. Search through the site or create a new thread and ask any questions you might have; many of our 175,000+ members will be there to help answer your questions. Also check out the BiggerPockets Blog, which holds more than 5,000 articles from experienced investors in many different real estate investing niches, and the BiggerPockets Podcast, now the leading real estate podcast on iTunes. These sources, along with hundreds of other pages on the site, make BiggerPockets.com the largest source of real estate investing knowledge on earth.
Within these chapters, there are numerous links to additional articles and discussions found on BiggerPockets. We recommend you take the time to scour through these, as they will help answer many of the questions you've got and will explore topics that are sure to be important to you on this journey. Of course, if there are questions that this guide or the articles do not address, please be sure to ask them in our real estate investing forums.
If you are not a member already, please take a moment right now to sign up for a free membership on BiggerPockets.com. Go to BiggerPockets.com/signup.
It is perfectly natural to be intimidated, but our goal at BiggerPockets is to help you overcome your fears and your countless questions by providing as much free information as possible to help you make the best decisions for your own needs.
If you are ready to begin the Ultimate Beginner's Guide to Real Estate Investing, click below to turn to chapter one...
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