Contractor · 08234 · Member since 2016 · 253 posts · 178 votes
Hi Everyone,
I am looking to finally get started in investing in real estate. I have worked with other investors before, helping them find deals and move forward in their own investing. It's my turn now. I am looking for advice on how to begin? JV, tips, tricks, motivation. Anything anybody has got!
Hey William, my husband and I just started driving around one day and saw an opportunity. My husband used to do door-to-door sales so he started knocking on doors that he thought might sell. We're still early in the game but one of those doors looks like it's going to become our first deal.
Craigslist.com is an excellent resource for distressed sellers.
Marketing yourself as a cash buyer with signs, targeted letters, etc.
Be patient with sellers and always present them the option to owner finance, Real Estate is scary to the non-entrepreneur.
Start by getting the education you need. Listen to the BP podcast, read the books they recommend at the end of the show, read the stuff on BP and ask/answer questions.
Decide what you want to get into buy/hold or fix/flip maybe wholesaling.
Once you decide what you want to do there's nothing left to do but to take action and get started.
Kate- Thanks so much for the advice I really appreciate it. I will definitely keep all those potential lead Gen ideas in mind.
Luka- I definitely agree with the education part. I have been listening to podcasts from the bigger pockets for a while now. I also have a read a few investing books, (Flip, Hold, millionaire real estate investor). I am also heavily involved in going to my local REIA and learning from all the guys doing deals. Thanks so much for the input.
Anybody have good book recommendations? Or Podcasts?