what all do i need to know as an investor

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Patricia Steiner
Real Estate Broker · Hyde Park Tampa, FL · Member since 2019 · 2k+ posts · 3k+ votes
5y

Geez...that's like asking what do I need to know about construction, financing, valuation, municipal codes and permitting, Landlord/Tenant Laws, liability protection, marketing, tenant screening/lease contracts, running a business, market demographics/inventory/year-over-year appreciation/rent pricing - and a whole lot more.  This is a complex business; you can't get a book or podcast and then jump in.  

What are you wanting to achieve?  What type of investing?  What skills do you already have?  Have you identified key resources yet?  Help us help you.  Otherwise, the answer to your question would be:  A whole lot of stuff.

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  • David Avery
    Flipper/Rehabber · Phoenix Arizona · Member since 2020 · 1k+ posts · 686 votes
    5y

    2-4 great go getter real estate agents

    1-2 wholesalers and get on their list.

    attend those reia meetings in your area and ask a lot of question.

    Buy the shakers lunch or dinner and pick their brains.

    starters!

    2Reply
  • David Avery
    Flipper/Rehabber · Phoenix Arizona · Member since 2020 · 1k+ posts · 686 votes
    5y

    And a great real estate savvy general contractor.

    1Reply
  • Patricia Steiner
    Real Estate Broker · Hyde Park Tampa, FL · Member since 2019 · 2k+ posts · 3k+ votes
    5y

    Geez...that's like asking what do I need to know about construction, financing, valuation, municipal codes and permitting, Landlord/Tenant Laws, liability protection, marketing, tenant screening/lease contracts, running a business, market demographics/inventory/year-over-year appreciation/rent pricing - and a whole lot more.  This is a complex business; you can't get a book or podcast and then jump in.  

    What are you wanting to achieve?  What type of investing?  What skills do you already have?  Have you identified key resources yet?  Help us help you.  Otherwise, the answer to your question would be:  A whole lot of stuff.

    5Reply
  • Gail K.
    Augusta, GA · Member since 2014 · 1k+ posts · 1k+ votes
    5y

    "Geez...that's like asking what do I need to know about construction, financing, valuation, municipal codes and permitting, Landlord/Tenant Laws, liability protection, marketing, tenant screening/lease contracts, running a business, market demographics/inventory/year-over-year appreciation/rent pricing - and a whole lot more. "

    Don't worry...if the OP hasn't asked about all this before, he will.  Have you counted the number of his previous postings?

    Gail

    1Reply
  • Cameron TopePro Member
    Property Manager · Katy, TX · Member since 2015 · 1k+ posts · 1k+ votes
    5y

    Follow a great mentor. 

    Build a great team.

    Have cash reserves. 

    [email protected]832-770-7090
    1Reply
  • Carlin Randolph
    Investor · New Windsor, NY · Member since 2016 · 73 posts · 42 votes
    5y
    Learn how to run a business first and treat investing like you have 100 properties, 50 employees, and 1 goal from day one. Then start. And when fear knocks, let faith open the door. 
    1Reply
  • David Avery
    Flipper/Rehabber · Phoenix Arizona · Member since 2020 · 1k+ posts · 686 votes
    5y

    The kid that ask the most questions, generally gets the most answers.

    3Reply
  • Frank Posluszny
    Member since 2020 · 8 posts · 9 votes
    5y

    @Jayden Hamilton

    My first move would be to clearly define your goals. Because if you aren't sure what you want, it'll take you in crazy directions.

    For example, my first goal is to own a rental property in every state. Itll make traveling around the United States a tax deduction as well as bring income aside from my other income streams.

    Second move would be to be sure you don't get analysis paralysis. I mean by that don't feel like you have to know EVERYTHING before you do anything. Get help from successful people (they're everywhere and happy to give free advice) and keep in mind that you can't steal 2nd base with your foot on first.

    Good luck and enjoy the journey.

    0Reply
  • Matthew Irish-JonesBusiness Member
    Real Estate Agent · Buffalo, NY · Member since 2017 · 2k+ posts · 2k+ votes
    5y

    @Jayden Hamilton

    1. Higher returns generally = higher risk

    2. Rehab costs spiral out of control very quickly for inexperienced investors

    3. In this business you are better off with 3 singles than a home run

    Irish Jones Realty4.947 Reviews
    View Page
    1Reply
  • Jayden Hamilton
    OP
    Investor · O'Fallon, IL 62269 · Member since 2021 · 134 posts · 44 votes
    5y

    David Avery Flipper/Rehabber from Phoenix Arizona

    replied 4 days ago

    The kid that asks the most questions generally gets the most answers.

    Thanks, David, that was very kind words. I'm just trying to do well for myself, and you guys are the only family I have to learn from when it comes to real estate. Sorry for all my posts. I just want to learn as much as possible because I'm human and struggle and have mouths to feed and have to provide for my family and myself. 

    0Reply
  • Art ShalomovBusiness Member
    Lender · Scottsdale, AZ · Member since 2017 · 39 posts · 39 votes
    5y

    Depending on what you would like to do, having a great team is a must (realtor, lender, hard money lender, cpa, contractor). The people on your team should have more experience than you so that you can consult with them and ask for advise. Build solid relationships. The relationships will take you much further. 

    0Reply
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