Advice for a new and young real estate investor

Flipper/Rehabber · Omaha, NE · Member since 2016 · 9 posts · 1 vote

Hello everybody,

My name is Daniele Kouassi. I am a newbie in real estate, and I decided to start with wholesaling then venture into other areas of real estate. I have been learning for a month now and look forward to close my first deal in the near future. I am primarily based in Kearney Nebraska, but look forward to dealing in Omaha and Lincoln Nebraska, and maybe out of state at some point.

Please let me know if you have any advice for a new real estate investor, my aim is to grow big in this industry so please feel free to tell me anything you judge valuable!

Huge thank you and Happy New Year! May this year be the year when all your wishes come true!! :)

Dani.

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Mark Nolan
Professional · Carlsbad, CA · Member since 2012 · 12k+ posts · 1k+ votes
9y
@Daniele Kouassi
Welcome to Bigger Pockets. Make sure to read the Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing
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Daniele Kouassi
OP
Flipper/Rehabber · Omaha, NE · Member since 2016 · 9 posts · 1 vote
9y
@Mark Nolan thank you, I am going to get on it.
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Josh NixBusiness Member
Lender · Lincoln, NE · Member since 2014 · 304 posts · 101 votes
9y
Hope all is going well for you. Keep learning and pushing forward.
Good Life Lending4.994 Reviews
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Daniele Kouassi
OP
Flipper/Rehabber · Omaha, NE · Member since 2016 · 9 posts · 1 vote
9y
Heyy Josh Thank you and yes all is going well for me. Hope it is the same with you! Thank you for your advice I really appreciate it!
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Kenneth GarrettPro Member
Investor · Florida Panhandle/Illinois · Member since 2016 · 4k+ posts · 3k+ votes
9y
@Daniele Kouassi
Welcome Daniel. As a wholesaler you need to understand how to analyze properties and calculate rehabs. There is a tremendous amount of information here, but consider learning from other sources as well. You can never consume enough as everyday is a learning experience.
Work with tool calculators for fix n flip and rentals/Brrr. This will help you analyze. Physically looking at property is a must to learn from. Watch other properties that are sold at discounted prices, most likely an investor purchase and see what they do to the property and see what it sells for. Attend local REIA groups and attend meetups.
My first year I just tried to absorb everything and after my first purchase everything became much clearer. You will have an opportunity to see other wholesalers at REIA meetings and see how they present them.
If you need help let me know.
Good Luck.
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Kuba F.Pro Member
Real Estate Investor · Los Angeles, CA · Member since 2013 · 2k+ posts · 694 votes
9y
Welcome Daniele,
You're already following the best advice, and that is educating yourself. You should definitely check out the wholesaling forum https://www.biggerpockets.com/forums/93-wholesaling and network in person at your local REIA as this is a relationship and sales business.
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