Ideas for novice in real estate

3 Replies

SanJay, 

That's the place to start. Look for an experienced person as a guide and offer to help in anyway you can.

Figure out what cashflows. Being an hour or so South of Houston and 20 minutes from Freeport and close to the refuges means you might look at Air BNB or get a bit closer to Houston and see what's up there.

At any rate, start by looking around BiggerPockets,  and see what's going on in your local area. Find a property that you think would be good and work the numbers.  Once you do ~150 on paper,  find one that works and buy it. Work through the issues on that one and buy another.  Lather rinse and repeat until you have enough to satisfy you. 

That should be high enough level to get you started.  This business is  best done by doing not by theory.

Good luck! 

Jim 

The next best thing is to attend your local meet ups to find like minded investors on meetup.com. That would probably be the best way for a novice investor to get started. 

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you