Hey everyone. I'm new to the website and haven't had the chance to look around that well yet. I'm sure there are tons of posts about how to get started in the business of buying and selling real estate. I'm 20 years old and I am looking to get into the business of real estate. However, I have absolutely no idea where to go or what to do in order to get this started. I'm currently working 30+/- hours a week at a factory just to be able to afford my small one bedroom apartment. Living paycheck-to-paycheck, to say I'm struggling would be an understatement. I'm just looking for any input on how to get started. What are the first steps I have to take? What must I do? Where do I go? Who do I talk to? If I start saving some money for my first property, roughly how much will I be needing? Any help with how to fix and flip houses will be greatly appreciated. Thank you all!
@Chris Stec Welcome! The best place to get started, is here. If you don't know what you want to do, or how to do it, then take advantage of the great podcasts, blogs and even forum posts. And then ask questions. You have found a great resource, take advantage of it.
Generally in real estate, cash is king. There are some ways to be creative and put 3.5% down on a property, but generally if you want to start buying investment type properties 20% is the general rule. Homepath properties are one way to put less down (http://www.homepath.com).
Hi @Chris Stec
Study MI laws on contract for deed and think about getting a 4 B house and renting out the rooms.
found that one.
There are others.
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