Can Anyone Help Me?

Question

I'm looking to work with investors who can show me how to be successful with my real estate investing career.

Thanks,
Lena

P.S. Maria is my name but everyone call me Lena

Account Closed · Answer

Lena, you have already made a good choice by joining this forum, you will find a lot of great advice on here.  Keep up your research and read as much about the business as you can, but make sure you act on it!

I am a new investor as well.  I started back in August of 08.  I now have 1 rental, 1 rent with option to buy, and closing on another rental next week.  What I found extremely helpful was having a mentor (also my RE agent) who is in the RE investing business to give advice, examples, and guidance along the way.  Joining a REI club can help you find these sorts of people.

Real Estate to me at least, was a little intimidating at first, but that quickly went away after my first deal.  You learn more and more with each deal you make.  If I were you I would go out and buy a property, don't buy the first thing you look at (well unless its a stellar deal), but do your due diligence and purchase something.  That will teach you more than any book.  Hands on real life experience is the way to go!  Too many people just sit around and read books and look at houses online but never go out and actually do it.  Not saying reading books on real estate is a bad idea, its definitely a great idea & can teach you a lot, but you need to put that information and advice into action.

Good luck!

Shane Wilson · Answer

Lena, first just spend some time educating yourself and networking.

I would highly suggest seeking out those in your area who are investing and pick their brains. See if you can bring them a deal or two as a bird dog.

Once you can convince a few experienced investors that you are serious and willing take action you will find that many will help and mentor you.

Jen Tra · Answer

I've been RE investing for about 10 years and all I can say is to read everything you can find. Look for RE investing groups in your area, most are free or you may have to pay a small fee, but it's worth it. That's how I got most of my better deals, the better ones are never listed.

Also have a focus, if you like to work with REO, then focus on that.

When dealing with fixer-uppers be careful of hidden expenses. Once we brought a fixxer-upper that needed the whole pumping system change.

Get to know contractors and city inspectors, they will make your self a lot better.

Ask a lot of questions, don't be afraid. Offer to help to help other experience investors with their errands. You will learn a lot from the task.

I had an someone like you helping me and within six months,he was able to use what he learn to start investing by himself.

Avoid paying a lot of money for courses are books. Most of the info you can get for free if you know where to look.

Joshua Dorkin · Answer

Tell us more about where your interests lie, Lena.  Give us a little more info and we'll be able to help you get going.

Welcome to the site, BTW!

Mike Norvell Sr. · Answer

Lena,
Buy Low
Sell High

RInse and Repeat....its that simple

Jeff Corpuz · Answer

Maria, what exactly are your goals? What are you trying to accomplish? Why real estate? Give us more information on YOU so we can better assist you...