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Updated over 7 years ago on . Most recent reply

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Joy Baker
  • Gainesville, FL
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How to start in real estate

Joy Baker
  • Gainesville, FL
Posted

how do I start out in real estate at a young age to become financially free?

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162
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Steve S.
  • Investor
  • River City, Manitoba
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Steve S.
  • Investor
  • River City, Manitoba
Replied

I'm going to throw a curve ball into the mix here...

Everyone is suggesting "investing" books with tips and strategies on how to be successful. And it's all great fantasy. But in reality you need to know the Law, and rules and regulations involved with real estate investing in your area.

So after you even have an inkling of an idea of what you may want to do, instead of going into this venture filled with fantasy of how you're going to become very successful. Learn the rules and regulations of the very business you're planning to get into.

Would you want a mechanic to try and fix your breaks first, then only after you complain that they don't work to do the research on how to do the job?

Roll up the sleeves, talk to the necessary branches of government you need to, get the information you need so you're on the right side of the law. (I have only been on BP for a short time and I'm shocked to see so many people ask questions that they should have already known the answer to BEFORE getting into this!)

It's dull, drab and boring... but get through all the paper work first, THEN learn how to make a deal. 

Wish you all the best luck!

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