Learning Resources for Beginners

7 Replies

Hello Everyone!

My name is Te'Erinn Chenvert and I am currently an accounting student at the University of Missouri-Kansas City and I’ll be graduating the Spring of 2019. Over the last couple of weeks, I’ve grown an interest in real estate investing and I’ll love to gain knowledge on the subject. As a “newbie,” I was wondering if anyone could recommend where I can specifically start to learn more about real estate investing as a beginner.

Thanks!

Hi Te'Erinn. I have been learning by listening to podcasts, watching youtube videos, and reading books and blog posts (the BiggerPockets web site has good specific recommendations). In addition, I’d recommend going to real estate investment meetings in your area, making friends, and exchanging work for knowledge (or some similar arrangement) so that you can supercharge your skills without taking too much risk (see the BiggerPockets Events page, or google the topic). Good luck!

Hey TeErinn! I am a Finance and Accounting major at Indiana University. I think listening to the podcasts have been very informative so far and I have read a few real estate investing books. Over my last two semesters I'm hoping to gain more knowledge and save up cash to hopefully purchase and move into a House Hack once I graduate.

@William Hess  Thank you so much for commenting. I'll probably start off at my local library to find books on real estate investing. But, the podcasts and YouTube videos sounds like a great idea and I'll have to do some exploring. Also, I am starting to notice how resourceful BiggerPocket is and I'll definitely continue to explore through the website.

Thanks again!

@Derek Hartman  Thank you so much for commenting. I will definitely look into some podcasts and videos, but out of curiosity, what books did you read? Also, once I graduate, I was thinking about buying a duplex, where I’ll live on one side, but rent out the other, but that’s just a thought (not definite).

P.S. It’s great that you are dual majoring in finance and accounting, I feel as though they are great fields to go into.

I wish you the best of luck!

@TeErinn Chenevert Welcome to BP! Accounting is a great profession! I'd recommend working on the CPA exams as soon as you are eligible. 

Here are some resources I've enjoyed:

Podcasts

Episode 108 - Grant Cardone... Just listen…

Episode 283 Paul Thompson - Quite a new episode but I would think everyone would agree this is a top episode. Mainly, the systems implemented are fascinating (VA, automated offers, etc.) Plus...escape velocity...

Episode 113Jay Papasan - Very practical slow and steady advice

Episode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k

Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.

Amanda Han

Brandon Hall

Tax Reform Update – Brandon Hall and Amanda Han

Linda Weygant

Guides

Ultimate Beginners Guide

Forum Stickies

BP Calculators or spreadsheets uploaded by members

My Favorite Books

I have to say all of the BP books…right? :)

The Millionaire Next Door

The Millionaire Real Estate Investor

What Every Investor Needs to Know About Cash Flow

Hope this information can give you a good start. Feel free to reach out with any questions. 

@Account Closed  

Wow! Thank you so much for the list, I really do appreciate it! I can’t wait to get home and dive into these recommended resources!

P.S. I really do enjoy accounting, especially taxation, due to my prior internships. As for the CPA exam, I am extremely close to my 150 credit hours, once I graduate I’ll have 143. Also, I plan on purchasing Becker to prepare for the exam, once I am eligible

Thanks again! 

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