29 yr old architect

[Ungwang Boiteto]

Hey! I'm Uks, a 29 year old architect in Namibia, Africa. About a year ago I became really frustrated with presenting designs to a major shopping centre developer and not understanding the financial terminology they would use during meetings. It made me feel powerless because at the end of the day I am just another cog in the wheel who has no understanding of the world of finance and wealth creation around me. So I embarked on a journey to learn about economics and finance over the past year and I see a future for myself in real estate investment, particularly in refabs and development. What's the best starting point for me with regards to property investment? I have a lot of experience on the technical side of property but very little knowledge of cost projections and financial management. I'm willing to spend another year learning and building savings before investing in my first property. What are the costs I should expect to incur before approaching investors for my first deal?

[Mark Nolan]

@Ungwang Boiteto

Welcome to Bigger Pockets. Make sure to read the Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing