How did many of you get started?

How did many of you get started?

MO · Member since 2020 · 1 post · 0 votes

My husband and I have always wanted to get into real estate, but never knew where or how to start. Now we're really motivated. We don't have a lot of spare income, so we're just still lost on where to start. I work when I can as a freelance writer and editor/virtual assistant at the moment, but honestly being a SAHM to 5 is really time consuming. Our long term goal is owning - possibly even developing - properties, but we don't know if our focus will be on residential or commercial properties (or if we even need to choose). Should we start by investing in REITs before doing anything bigger? Did many of you get your license first and learn more from there? Would it help if I worked in the real estate sector before going too far? What are some of your experiences from when you were first getting started? Thank you so much in advance!

0Reply
15 views

1 Reply

Jump to latestLatest
  • Investor · Midland, TX · Member since 2020 · 14 posts · 6 votes
    6y

    I partnered with my dad for the first few years. He had cash and we would buy junkers and rent or retail them. That is still mostly how I find deals is having the ability to pay cash for a property that won't qualify for financing. The best deals I've done are those that are so disgusting that my wife refuses to even go in. I don't think buying REITs will give any experience, you need to do your own deals. I think you should look for commercial, multi-family, residential or whatever to get your first deal. 

Join the conversationCreate a free account to reply, vote on answers and follow this thread.