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Updated over 10 years ago on . Most recent reply

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Ben Berkovitz
  • Real Estate Investor
  • Miami Beach, FL
1
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First time investing? What do you think?

Ben Berkovitz
  • Real Estate Investor
  • Miami Beach, FL
Posted
Hey, so you want to start investing in real estate, but you have no experience. You have read books on real estate investing, but you have not done any yet. What do you think is the best way to get out there and invest in real estate? What type of investment do you think is the easiest of the bunch, and will give you experience (even a tip of the iceberg).

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Annette Hibbler
  • Real Estate Consultant
  • Brighton, MI
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Annette Hibbler
  • Real Estate Consultant
  • Brighton, MI
Replied

Talk to and build relationships with realtors and property managers.  Get out there and start looking around.  What's available? Get comfortable figuring out net yields on properties and determining which properties are better deals than others.  Learn about tax auctions in your area.  Go look at some properties. 

When you're ready to take the plunge, JUST DO IT!  Accept that you will make mistakes along the way, but that's okay.  We all make mistakes.  Learn from them and move on.

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