What comes first in investment?
2 Replies
Kenny Berrios
posted about 1 year ago
Fairly new to real estate investing. I've learned there are many ways to find money. What I always wonder is what you should do first. Should you find a deal so you know how much to ask for or should you have money committed so you know in what range to find a deal?
Daniel Haberkost
Rental Property Investor from Colorado Springs, CO
replied about 1 year ago
@Kenny Berrios I'm not sure where you're located so I have no idea what your market looks like, but generally it's easy (especially in this stage of the cycle) to find the money once you have found a deal. This is especially true if you're in a hot market. Here in CO Springs finding money is extremely easy but the competition for deals is significant.
Jonathan Bombaci
Real Estate Agent from Lowell, MA
replied about 1 year ago
I agree with @Daniel Haberkost at this stage in the market money is pretty easy to come by so the first thing to do is to find the deal. That being said finding the deal is also the hardest thing to do, and i
I normally recommend newer investors to spend their time looking for the deal and networking by attending local Real Estate events. I'm not sure where you are located but there are a ton of local events out there for real estate professionals to network. It can be a good opportunity to figure out what type of deals people want in your market so you know when you find a good one and have a few names you can reachout to once you find one.
Regardless of how big you get in real estate networking and attending seminars (non-guru ones) where you learn something new is always valuable.