Can anybody advise on the basics of crowdfunding,getting started.

Can anybody advise on the basics of crowdfunding,getting started.

Paducah, KY · Member since 2017 · 3 posts · 0 votes

My name is Lou and I am from the small  community of Lone Oak , Kentucky.  My real estate ambition , since I am entirely new to the industry,is to start from the ground up and learn investing basics .  Then, with a good basic grounding and knowlege ,my thinking is  that it might prudent and wise to invest slowly, such as in one small property , then hold or sell.   If all proceeds well, I might increase my investing to two or three small properties as my confidence and expertise grows.  Additionally , I  desire to learn the fundamentals of property management.   So , to the best of my determinantion and knowledge ,  the path I wish to travel as an fledgling real estate investor is to buy, again small and slow , manage, then sell ,  flip, or if not overly complex or risky, trade. Then too,  I have adequate time to travel , possibly long distance, if my knowledge and success proceeds at least fairly well , to scout new properties

      Now , just a bit more about me as a person.  I am fifty-eight years of age, have a bachelors  ( 4- year ) degree in Business Administration ( General Management ) from Western Kentucky University ,  Bowling Green , Kentucky . My professional background is within the area of logistics , distrubition and customer service. My current post is that of an agent of customer service for a large worldwide , multinational, overnight air express corporation .   I shall withhold personal contact numbers for now, and if I feel well accepted here , I will give those numbers out .  Thank you for the opportunity to join this community, and I am confident I can make many friends here.  Best regards and have a wonderful day !

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  • Rental Property Investor · Philadelphia, PA · Member since 2015 · 212 posts · 116 votes
    9y

    Welcome to BP Louis! I'm a new investor too and one of the earliest pieces of advice is to nail down the education part of the process. Read a lot of books, listen to the podcasts, hang out on these forums, and keep asking questions. Soon enough you'll feel confident enough to make the jump. Good luck!

  • Investor · Burna, KY · Member since 2016 · 26 posts · 4 votes
    9y

    Hi @Louis E. Wurth, you have found one of the best resources to learn about real estate investing. I would agree with @Snehann Kapnadak in that you certainly need to read lots of books, listen to podcasts and connect with as many people that have the knowledge that you're looking for. The key to any type of investing is to educate yourself as much as possible, give yourself as much of a safety cushion as you can, proceed with caution, use good ole' common sense, and get started as quickly as you can. The Lone Oak area of Paducah is a very good area to find investment properties if you know what to look for. Feel free to reach out to me and others here on the forums if you have more  questions.

  • Paducah, KY · Member since 2017 · 3 posts · 0 votes
    9y

    Snehann ,  Chris ,

        Hey, thanks for the advice guys.   It really is most welcome.

         Best regards ,

               Louis

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