So you’re new to real estate investing and you’re looking for something on real estate investing for beginners. While this is a great place to start let’s talk about the basics before we get into things like books and classes.
The first thing you want to know when it comes to investing is where the money will come from. What will be your source? Will the money come from your bank account or from a third party? You have a variety of options here so take some time to decide what’s best for you.
If your brand new then you can use your own money but that’s not totally necessary. If you don’t want to use your own money then a hard money lender such as a bank may be something you want to look into. A private lender is the best option here so look into those as well.
Now that you have your finances in order it’s time to start exploring properties. At this point you need to put on your research shoes. Keep in mind what makes a good property, like the condition and if you feel the home can make you money. After you have found a property you may like it’s time to decide what to do with it after purchase. Will it be flipped or rented? Its always better to plan ahead and have your answers.
Now this is where books can come into play. Regular books like real estate investing for beginners and audio books can be very helpful in making decisions. These books can provide insight into topics you are not familiar with. Audio books are great because you can listen to them anywhere.
The next option for real estate investing for beginners is joining your local real estate investors club. These clubs are perfect for people starting out because they offer so much information and other benefits like discounts at local stores.
The investors club is not a full time thing so if you need something more in depth then you may want to get involved in a course. The best one I have seen out there is called Fortune Builders. This is a very expensive option but will help you set up a turn key real estate investment business. There are other courses on the internet so do your Google search and go from there.
If you have never learned anything about real estate investing then a good option would just to spend a little bit of money on books. These can be a great start to understanding the basics. After that, figure out your finances and join your local REIA.
There are many people out there today that are new just like you. So remember, your not alone on this. Just search for things that have real estate investing for beginners on them and form a plan that you can execute.
Thanks For Reading! Thirsty for more? Then check out my blog for further information and great book suggestions.If your like most people at this stage you need to know more. For FREE information that can help you move forward take a look at this.