New to Real Estate Investing

[Nicholas Smith]

Hello all, I am very new to real estate investing. I am saving some capitol, reading books, and slowly learning my local markets. I live in South East Texas, and have been trying to get a good grasp of the basics. What are a few good things to really pay attention to, when studying and analyzing good deals in my market?

Also, I bought 5 books recently from BP:

BRRRR, both Tax books, Real Estate book, and how to get started with little to no money down

What are your tips for starting up and attempting to use OPM or as little as possible? All tips/critiques welcome.

[Jonathan Greene]

Save money. If your goal from the outset is to invest with OPM, it's not a sound goal. To go into an investing field with no skin in the game won't end up getting you very far. Sure, there are exceptions (mostly lucky), but generally when you are new you either need a high-end skill or money to be useful to others in the business when you have no properties or buyers. What do you like about real estate? The most important thing is not to get too stuck online and in evaluating properties online. The numbers are just that until you see what 200k looks like inside a house and what a 50k repair budget means. A calculator without real life views is just a video game.