Seeking Advice on Starting Real Estate Journey

4 Replies

I work as an engineer full time but I want to build a real estate portfolio of rental properties. My goal is to buy something within 5 years (in Michigan, not local here in Dallas). In the mean time Im building my savings and educating myself.

Besides books, podcasts, and videos how can i learn more about being profitable in real estate?

I would really like to network, but where and how can i do this locally in Dallas?

Come check out the Michigan Real Estate Investors - I am there every month also.  If you are still in TX then try an investor group there.   Attend their local events and seminars.  Read books recommended on this site, etc.

Wendy Patton, Real Estate Agent in MI (#222005)

Where in Michigan are you looking? I'm in Lansing and we have a few groups around town that are very helpful. I second Wendy's suggestion of finding REI groups and just start going, even if it's in Dallas for the time being.

@Alan E. Assuming you want to network locally (will be hard to network in Michigan from Dallas), you should look into attending local REIA events as well as other meetups.

I would highly suggest deciding what niche you want to focus on. There are events/meetups for every single real estate strategy on the planet. You will be wasting your time going to a single family meetup if you want to invest in multifamily. 

If you want, you can PM me and I can send you the links of local meetups/events.

@Alan E. Hi Alan. I’m guessing you plan to relocate to MI otherwise you probably would have picked a different state to invest in. Haha. Well, If you want to invest in MI and you know where u plan to live, start looking in that area and ask friends and family to keep there eyes peeled as well. Heck you might find a few properties while searching for your new primary. The trick is to start the discussion, with anyone, and see where it goes and to get started. Find a place u think has potential, that u can add value, and in an area capable of appreciating and dive in :). Good luck.