New to Real Estate what are the dos and don't when first starting

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New to Real Estate what are the dos and don't when first starting

Timothy Hill Jr
New to Real Estate · Latrobe, PA · Member since 2021 · 9 posts · 4 votes

Hello, My name is Tim. I'm new to real estate and unsure of how to learn my market and what properties are actually good properties. How can I learn the market in my area? As well as what properties should I stay away from starting out? What would be considered a good cash flow a month? 

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  • Taylor L.
    Rental Property Investor · RVA · Member since 2016 · 5k+ posts · 4k+ votes
    5y

    Do: go to a lot of networking events, work/study/learn every single day, commit to the process

    Don't: Spend a bunch of money on coaching right away, get shiny object syndrome, think 'get rich quick' is realistic

    Go to meetup.com and find real estate networking events close to you. Then attend them consistently!

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  • Cameron Braig
    Atlanta, GA · Member since 2021 · 493 posts · 162 votes
    5y

    @Timothy Hill Jr

    One way to evaluate different markets are to use consistent metrics. Good foundational pieces when evaluating a market are; job growth, job diversification, rent growth and population growth. These can show what momentum a particular market is experiencing and provide a longer opportunity runway. Best of luck. 

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