New in Real Estate

3 Replies

Hello All!

I am Anthony Garrett, I am new to real estate and looking forward to this new and exciting journey and meeting like-minded people. I'm currently in the greater Charlotte area, wanting to know what type of first deal I should be targeting? Any feedback is welcome. Thanks in advance!

Hey Anthony!

Welcome to BP and learn all you can from these great contributors. Solid resources to start with and to create a plan to become successful in this business. Hmm, types of deals you should be targeting... Well, I suggest really asking yourself what type of properties can give you the returns you're looking for on the invested money in your local area. Ask yourself what you want REI to do for you and what actions you can take each day to start making that happen. Start with an investment focus, learn everything about that type of investing (buy and hold, flips, wholesaling, etc..), and then create a daily action plan on raising funds, finding financing, and developing systems to manage the newly invested in property. I am a newbie myself and BP really really helped me find and obtain my first deal.

Good luck

Cody B

@Anthony Garrett

Welcome. Don't forget to complete your profile. Fill in the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 100 past ones to catch up on.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). Find them through Google and meetup.com

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

Consider checking out HUD homes for small multi's owner occupied gets first crack.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul 

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