All Forum Posts by: Monte Rice

It’s an exciting time at your start, but can be very overwhelming. When I started (4 or 5 years ago and now I have one property and am a full time Real Estate Broker) I started by having conversations with people in the industry. I went for the lowest hanging fruit to gather as much information as possible. Do you know of any investors in your area? If not, contractors, mortgage brokers, anyone who has access to investors?

I would try and meet with as many of those people as you can and make sure that your enthusiasm shines through. Say something to the extent...”I am eager learn about real estate investing and know that you are a well respected person in this space. Would you mind a quick phone call where I can ask you a couple questions? I can work around your schedule...”

You should be able to ask things like, how did you get started? If you started now where would you start? Hopefully they will give you good advice or need some help. I have found people in this space like to pay it forward.

Success leaves clues. Good luck and hopefully this was helpful! Let me know if you have any other questions.

Hi Monte, returns are certainly better in Greensboro than Chapel Hill (meaning per square foot prices are lower in Greensboro) so if you are trying to get in the door, would suggest trying Greensboro. Plus there is more inventory in Greensboro. There's a Triad REIA group you might get to know, go to meetings, network, etc.

@Monte Rice

At 20 man, kudos for you wanting to take action! 

If you can get into FHA great!

Also you want reserves for your first deal.... just so you are safe