Here to learn & find investors

Most Popular Reply

Stuart UdisPro Member
Attorney · Philadelphia · Member since 2018 · 2k+ posts · 3k+ votes
1y

Don't spread yourself too thin. Select one strategy, network with people who have experience in that particular area and focus your attention and resources there. I do not recommend trying your hand at multiple strategies to start.  

See this reply in the discussion

4 Replies

Jump to latestLatest
  • Stuart UdisPro Member
    Attorney · Philadelphia · Member since 2018 · 2k+ posts · 3k+ votes
    1y

    Don't spread yourself too thin. Select one strategy, network with people who have experience in that particular area and focus your attention and resources there. I do not recommend trying your hand at multiple strategies to start.  

  • Min ZhangBusiness Member
    Real Estate Agent · Member since 2022 · 1k+ posts · 1k+ votes
    1y

    Hey Kami! That’s awesome that you’re diving in early! Real estate can go in so many directions like buying land, rentals, flips, or development so it helps to narrow down what fits your goals first. Are you aiming more for long term cash flow, appreciation, or building from the ground up? Knowing that will shape your next step. Happy to keep the conversation going!

  • Member since 2024 · 86 posts · 69 votes
    11mo

    First get to know your market.  Stay local and research properties for sale or sold.  You need to know a deal when you see one and that takes time up-front.  I don't know your skills in real estate so I am assuming none.  In that event purchase rental property - single family or duplex and maybe house hack initially.  That is a great way to build equity in property.   Live in the property, make improvements that the market will pay for, refinance or sell and repeat.

    Land is a good property type to avoid for a new investor - no cash flow, lots of pitfalls and time spent.  Stay with improved property with cash flow.  Good luck.

  • CPA| New Clients Welcome| 50 States · Member since 2016 · 440 posts · 94 votes
    11mo

    @Kami Redd Hi, welcome to the fun and profitable side of real estate

    If you’re just getting started, here’s a simple way to think about it:

    Pick your lane first.- Land, flips, rentals, or new builds all make money differently. Land is more speculative and market-driven. Rentals are slower but more predictable. Flips are cash-intensive. Start with the one that matches your capital, time, and risk tolerance.

    Run numbers before you fall in love with a property.- For houses, get used to analyzing: purchase price, rehab, holding costs, ARV (after-repair value), and exit (rent or sell). If the deal only works with "perfect" assumptions, it's not a deal.

    With land, zoning and utilities matter more than price.- Always check: zoning, access, utilities/septic, flood zone, and what the county actually allows. Cheap land is often cheap for a reason.

    Build your team early.- Agent/investor-friendly lender/CPA/title. It’ll save you money in taxes and mistakes.

    Start small, but start.- Your first deal doesn’t have to be your forever strategy. The goal is to get a clean, learnable first deal.

    If you share where you are (market) and how much capital you’re working with, I can help you narrow it down to the best first move. (CPA here—cheering you on.)

Join the conversationCreate a free account to reply, vote on answers and follow this thread.