Where to start in Real Estate Investing

Where to start in Real Estate Investing

Member since 2019 · 3 posts · 0 votes

Recently, I wanted to start to get into investing in real estate to eventually rent out to tenants.

I’ve done some research on buying a single family house and a multi family house along with some information on getting a loan.

However; I still don’t know the process or exactly what to do next from this point.

Any tips or help as to where I can start?

First time buying a house, any help would be appreciated.

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Developer · Charlottesville, VA · Member since 2018 · 4k+ posts · 4k+ votes
6y

@Luis Garcia there’s lots of info out there about investing in real estate. You need to decide which approach you would like to take whether it’s by and hold, flipping, house hacking etc. 

Once you have an idea of what you want to do you need to talk to some lenders to understand your options and requirements as a first time buyer There are some really great programs you can take advantage of to get started.

You should also seek out a realtor who specializes in first time home buyers and investors. A good realtor can help you a lot.

Also you can attend local real estate investor groups to learn the business as well.

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  • Developer · Charlottesville, VA · Member since 2018 · 4k+ posts · 4k+ votes
    6y

    @Luis Garcia there’s lots of info out there about investing in real estate. You need to decide which approach you would like to take whether it’s by and hold, flipping, house hacking etc. 

    Once you have an idea of what you want to do you need to talk to some lenders to understand your options and requirements as a first time buyer There are some really great programs you can take advantage of to get started.

    You should also seek out a realtor who specializes in first time home buyers and investors. A good realtor can help you a lot.

    Also you can attend local real estate investor groups to learn the business as well.

  • Craig CurelopBusiness Member
    Real Estate Agent · Post Falls, ID · Member since 2016 · 1k+ posts · 1k+ votes
    6y

    @Luis Garcia - Education is always the first step so you are doing the right thing. I suggest listening to the BiggerPockets podcast, read some of the beginner of books: How to Invest in Real Estate, Set for Life, and maybe House Hacking. These will get you going in real estate investing! 

    Once you are ready to actually start investing, the first step is to engage a lender and an agent in your area. You can find both of those here on BiggerPockets. They (along with the community here at BP) will guide you through the process of buying your first property. 

  • Member since 2019 · 30 posts · 20 votes
    6y

    try reading a book

  • Member since 2019 · 3 posts · 0 votes
    6y

    @Greg Dickerson

    Thank you for the insight. I will definitely look into this more in depth

  • Member since 2019 · 3 posts · 0 votes
    6y

    @Craig Curelop

    Thank you so much! This is what I was looking for in “where to start” in this whole new experience.

    I appreciate the suggestions and the help

  • Rental Property Investor · St. Paul, MN · Member since 2016 · 3k+ posts · 3k+ votes
    6y

    Look into house hacking and BRRR to start investing in real estate. Those ways in my opinion are fantastic ways for a beginner to get started. Right now, your first step is to educate yourself. Read books, read the forums here, listen to podcasts (I'd love to have you check mine out) and attend meet ups and conferences. Take plenty of time to learn before you jump in, but eventually jump in!

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