Updated over 3 years ago on . Most recent reply
7 Steps to Successfully Start Real Estate Investing
1) First, open an LLC... preferably from one of the discount internet companies.
2) Ask lots of questions. Don't worry about providing value in return. Most experienced investors are looking for someone just like you to invest all their time and energy into. Just tell them you want to pick their brain. Send them lots of potential deals to analyze for you.
3) Buy education... If you haven't purchased at least 10k in courses, you aren't serious enough.
4) Action is not your friend!! Analyze, analyze, and analyze. Wait for a market crash before you buy.
5) When you get advice from successful mentors. Ignore it... you probably know better. If your opinions are not validated, move on and continue to do your own thing.
6) Don't worry about savings... buy as much as you can as fast as you can. The market always appreciates.
7) Do the opposite of the first 6 steps.
Good luck!
Most Popular Reply
@Amy Raye Rogers you missed an important step:
- Pick a company name. Preferably one with your last name in it, so everyone knows you are a big shot. Then print business cards to hand out to everyone, so they call you first with deals.
@Steve Vaughan I almost stopped reading after the LLC step, but I saw your comment and realized it was meant to be funny.