Updated almost 3 years ago on . Most recent reply
Action Items for Beginner
Hey y'all!
I just finished How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started by Joshua Dorkin and Brandon Turner. From that, I created the following action items that seem necessary prior to purchasing an investment property. I would love any tips or feedback. Thank in advance!
- 1. Learn real estate lingo & math
- 2. Define: what is my value add?
- 3. Track my current finances & reduce where appropriate
- 4. Bring spouse on board (both with finances and real estate investment)
- 5. Understand (current) market cycle
- 6. Learn markets in my area (of interests)
- 7. Assemble real estate team
- 8. Choose niche and strategy
- 9. Choose niche and strategy
- 10. Network with local real estate folks
- 11. Create business plan & execute