How to start investing in real estate
7 Replies
Joe Tan
posted about 1 year ago
With some cash on hand, how to start buying investment property in inland empire or los angeles area?
It’s always the hardest in the beginning, any idea or suggestions will be helpful and appreciated.
Shain Ismailovski
Real Estate Agent from Allendale, NJ
replied about 1 year ago
Make sure you've done your homework and understand what the process will consist of. Make sure you know what market you're interested in down to the neighborhood(s). Start analyzing loads of deals in that specific market and figuring out the good from the bad. Eventually you'll get an idea in your mind of what works and what doesn't. Secure your financing if you want to go that route and then start making offers. LA and Inland Empire are huge areas so make sure you narrow down specific neighborhoods or zones or else any data you collect won't make sense if you're comparing it to the whole area.
Greg Dickerson
Developer from Charlottesville, VA
replied about 1 year ago
Originally posted by @Joe Tan :With some cash on hand, how to start buying investment property in inland empire or los angeles area?
It’s always the hardest in the beginning, any idea or suggestions will be helpful and appreciated.
Those are huge areas. You really need to hone in your search. Real estate is hyperlocal so you need to get down to neighborhood. The first step is education. Learn the business and the market in detail and get to know the areas intimately.
Nicole Heasley
Real Estate Consultant from Youngstown, OH
replied about 1 year ago
Start reading. There are plenty of books here on BP that will walk you through the process of buying your first property.
Joe Tan
replied about 1 year ago
@Shain Ismailovski thank you Shain for your advise!
Joe Tan
replied about 1 year ago
@Nicole Heasley i am new to this. What book would you recommend? Where to find them on BP?
Nicole Heasley
Real Estate Consultant from Youngstown, OH
replied about 1 year ago
Joe Tan
replied about 1 year ago
@Nicole Heasley thank you Nicole. Happy new year!