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Posted over 13 years ago

Getting Started in Real Estate

Welcome to Roselynn on Real Estate.

 

I'd like to use this space to address some of the common questions beginning investors have when first getting started with commercial real estate. I'm happy to share my knowledge in part because I'm extremely grateful for all of the help and support I received when I first started out. I think sharing how I got started investing in real estate can help you get started on the right foot and maybe save you some time and wasted energy. It is personally very important to me to share my knowledge because I have gained so much from others.

 

I'm not a real estate "guru"- just someone who has a passion for helping myself and other gain financial independence. I have invested in multifamily and I am also interested in hospitality real estate. I spend a lot of my time learning about and investing in real estate. I started out early in life by purchasing a condo and single family home before getting into multifamily investing. Later, I began to learn more about real estate investing and was lucky enough to find some great mentors to learn from. Currently I'm getting a Masters in Real Estate from Georgetown University (where I earned my JD). I am constantly learning.

 

Right now is a great time to invest in commercial real estate. observes that "Historically low interest rates, combined with real estate prices still depressed from the real estate bust and Great Recession, make this a smart time to buy." Personally, I feel that multifamily and hospitality are a good niche right now. (However, its more important you find a niche that suits you.) Many deals in these niches are low to moderate risk. In one of the oldest, most highly thought of annual real estate industry forecasts analysts at PricewaterhouseCoopers LLP project   with nationwide gains in leasing, rents and pricing. Multifamily investment properties can be only a wise investment, but allow us as investors to help provide shelter, one of the basic needs of every human being.

 

Over the years, the one thing that I've always noticed is that with the right strategies and a solid team, carefully buying and managing properties can be one of the surest paths to financial independence. Whether you're brand new to real estate investing or you've reached a sticking point and need some fresh ideas, these tips will help jump-start your real estate investing business.

 

You know getting started as a real estate investor is one of the surest ways to wealth, so why don't you do it? If you are like I was when I started out, you probably don't know to begin and you don't want to make a mistake. So what should you do?  

 

Get started anyway.

 

Getting started in any new career or endeavor is always the most challenging part.

 

"Where do I start?"

 

"I don't know anyone in this industry"

 

"I don't know anything about real estate."

 

One way to overcome your anxiety is to think that all the so called experts didn't know anything when they got started either.

 

In fact, neither did I. I would not call myself an expert at this stage, but I am getting there for sure. My posts will tell you more about how I got started.

 

How did you get started?

 

 

 


Comments (2)

  1. @Brandon Turner Thanks for all the encouragement and support. Yes, there is a lot of value in sharing what I have learnt through a blog. It allows me to realize just how far I have come. Kurt Cobain's house... that's a unique start. Glad to hear how your business has grown. I am especially keen about your multifamily rentals...


  2. Hey Roselynn Lewis, great starting blog! I love it :) I'm looking forward to all you have to say and I'm pumped you've decided to share what you've learned along the way. I find that blogging is one of the best ways to organize my thoughts and build confidence in what I'm doing. Keep it up! Oh - and to answer your question - I started by accidentally flipping my first owner-occupied home, then I bought a duplex (the Kurt Cobain house,) started flipping more, turned those flips into rentals, and been doing that pattern ever since!