Just Starting Out Suggestions

5 Replies

I am just starting out. What are your recommendations to get a fast start to closing deals(that don't include buying into gurus or courses that don't work)?

The first thing you've got to do is set your sights on a particular arm of investing. Once you know what you want to do (wholesale, buy and hold, fix and flip, etc.) then it will be easier to determine some viable first steps to get off to a quick start.

Do you have an investing approach already identified?

Medium logoMichael Seeker MBA, Renting502 | http://www.Renting502.com | Podcast Guest on Show #94

@Jennifer Blanks...I agree with Michael find out your investment strategy first. Also, from newbie to newbie....please do not buy anything to gain knowledge, there is a lot of free information here, and seasoned investors on here are more than willing to answer questions to guide you; just ask the right questions in the right forum location. Furthermore, try to find a seasoned investor locally to mentor you; they are right here on BP, that is how I found mine and I getting further ahead because of him.

Put your money into marketing and into trying to land deals. For, example if you get a wholesaling deal you may give a seller a $10 down-payment to land the contract. Finally, do not put too much effort into trying to learn everything. Once you get a handle on what investment strategy you want to get into, spend no more than a week to educate yourself plus to organize altogether, then get out there and do something.

@Jennifer Blanks Welcome to BP. You will need to build relationships with people you will do business. Attend your local REIA meeting, engage in the BP forums, educate yourself.

@Jennifer Blanks

Welcome. Time to build the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having 60 past ones to catch up on.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good luck

Paul

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