Looking to become an investor

Looking to become an investor

Many, LA · Member since 2015 · 4 posts · 0 votes

Hi My name is Patrice.  I'm very interested and serious about becoming an investor.  I've been doing a lot of research and I'm loving Bigger Pockets because there is so much great information here.  I recently attended a 3 day seminar and now I'm ready.  I will be doing this alone in the beginning and I'm very nervous but I am ready to start.  Any tips or information on where to actually begin would be very helpful.  Thanks so much in advance.

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Ned CareyPro Member
Moderator
Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
7y

@Patrice Jones I see it is your first post so welcome to BP

  1. Learn the strategies - that is the fun easy part
  2. learn how to evaluate deals. There is a lot of information on BP how to do that.
  3. Learn your market. Go look at a hundred houses and evaluate them. This sis the hard part that lots want to skip. You don't do this behind a computer you do this by visiting proprieties.  Good luck.
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  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    7y

    @Patrice Jones I see it is your first post so welcome to BP

    1. Learn the strategies - that is the fun easy part
    2. learn how to evaluate deals. There is a lot of information on BP how to do that.
    3. Learn your market. Go look at a hundred houses and evaluate them. This sis the hard part that lots want to skip. You don't do this behind a computer you do this by visiting proprieties.  Good luck.
  • Many, LA · Member since 2015 · 4 posts · 0 votes
    7y

    @Ned Carey Thanks so much.  I've been putting REI off for a while basically from fear of failing.  There are so many people here on Bigger Pockets who offer a wealth of information and motivation.  

  • Investor · Member since 2017 · 35 posts · 12 votes
    7y

    Hi @Patrice Jones! Welcome to Bigger Pockets!

    I'm in the same boat as you. Fear of failing held me from starting but finally decided to jump in. Good luck to you in your journey!

  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    7y

    @Patrice Jones

    Real estate gets less scary the more you know. That's why I said above to learn to evaluate deals and learn your market. Real estate is not about guessing. It is about knowing what makes a good deal, knowing the hidden costs, and knowing values.

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