Updated over 9 years ago on . Most recent reply
Introduction
Hello everyone, my name is Eric and I've recently relocated from New York to Dallas, GA. Since this is my first post you obviously know that I'm new to BiggerPockets as well as the real estate industry. Like most I'm hear to learn and gain real estate experience from like minds. I'm eager to learn so as I ask questions please feel free to answer. Best Regards.
Most Popular Reply
Hello again! I hit the wrong button again and did not say everything I wanted to. Keep it simple and just concentrate on the average house or small apartment complex when looking for something to invest in. The primary Team of members are typically Attornies, real estate Agents, CPA's (or accountants), Inspectors, General Contractors, and Handymen.
Always remember to do the math analysis and try to look at an investment prospect property before you make an offer until you get more experience or at least have a clause in the sales contract that allows you some upfront time (usually about 15 days) to do a detailed inspection and possibly back out of the deal without a penalty that will hurt you.
Right after you close on a property, get an insurance policy that will protect you if there is a loss. I went to college too, that is not mandatory, and I got a business degree that emphasized real estate. If those locks are still in good shape just install them at another address. You might want to consider to going in to an area where there is more sales. Do not worry about the "competition".
Just focus on things that keep you income productive. My father has been in the real estate buys and sells business for about 45 years and he has taught me a little bit. If you think that I could help you please contact me through BP at any time. Good luck to you!