All Forum Posts by: Monte Rice
Monte Rice has started 6 posts and replied 16 times.
Post: 20 years old and don’t know where to start please help!!!
- Greensboro, NC
- Posts 19
- Votes 3
Originally posted by @Mike Parelli:
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.
I would have never thought of this but I don’t know how I could get in position to meet someone who’s successful in this realm near me.
Post: 20 years old and don’t know where to start please help!!!
- Greensboro, NC
- Posts 19
- Votes 3
Originally posted by @Greg Fitch:
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.
Thank you Mr. Fitch how can I start?
Post: 20 years old and don’t know where to start please help!!!
- Greensboro, NC
- Posts 19
- Votes 3
Originally posted by @Steve Bracero:
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
What are reserves?
Post: Just getting started
- Greensboro, NC
- Posts 19
- Votes 3
Thank you !How do I get in touch with other investors and possibly start some deals ?
Post: 20 years old and don’t know where to start please help!!!
- Greensboro, NC
- Posts 19
- Votes 3
Hey everyone I’m a young investor looking to get started in real estate as soon as possible I was reading about the FH a loans and I was trying to see if that’s my most viable option right now but if any investors out there could offer words of advice I would greatly appreciate it thank you ! I’m currently most familiar with the Greensboro area and the Chapel Hill area so these are markets I would target first .
Post: Just getting started
- Greensboro, NC
- Posts 19
- Votes 3
Hey everyone! I’m new to the forum and I wanted to introduce myself. My name is Aamonte and I am looking to get started in real estate with investment properties in the Greensboro or triangle area. I am currently in college and building credit as well as saving money for a down payment. Are there any types of grants or financial aid to new investor/homeowners? The fha loan looks good with it’s attractive low down payment, but how long would I be forced to stay there? Any help/advice is greatly appreciated! Thank you in advance.