Thread: Brand New To Real Estate... Where Do I Start???

Hi T-G;

Are you just looking for some advice or someone to mentor you and/or partner with you?

Thanks,
James

Well, you should find a good market that has good appreciation. I would say home construction would be the best 2 year gain. Or some investors are taking ranch homes, removing the roof, and adding another level in hot markets and really turning mass profits.

Originally Posted by Greg_Home123

Well, you should find a good market that has good appreciation. I would say home construction would be the best 2 year gain. Or some investors are taking ranch homes, removing the roof, and adding another level in hot markets and really turning mass profits.

That's a good idea.
You should first try to get some places where there are good prospects for growth.Meaning a place where the price are low today but will rise substantially on the market.
If you are not sure try to get a partner with you.

Sounds like that buying a residential apartment building is the way to go for you. When you purchase a building, you'll have rental income coming in each and every month from the building. As long as you have positive cash flow each month, you will be fine. A few years later, your building appreciates in value, you could sell it to make more profit.

From my experience I would say that you would want to start by marketing to find good deals. Direct marketing will yield your best results.

Best Wishes,

Josh Schoenly

Originally Posted by T-G

I wanna do something where I invest my money, and let it sit there and grow. Then I sell it a couple years later, and make my profits.

Somebody please help me with my Real Estate investments...

It is hard to answer because your question is very general in nature. I recommend reading some good books and getting educated. I would recommend reading anything by Robert Kiyosaki. He does a good job with teaching the big picture before getting into details.

Sounds like rentals would be the way to go. Depending how much you want to invest, you can go from single-family homes to large apartment building and complexes.

To keep life less complicated, hire *good* property management. This can be an individual, a team of people that work directly for you, or an outside company.

It is always best to get a great deal up front (you make your money when you buy!) but if you plan to hold for the long term (10+ years) this isn't as critical. Time heals (almost) all bad deals. ;-)

Lending out your cash as a hard-money or private lender works well too. You don't have the headache of ownership... just collecting!

Equity sharing is another strategy that I'm just looking into at the moment. Purchase partial interest in someone's home. Let the appreciation go up! There are different ways to do this, so check out all the options. (I know of a nice waterfront property here in SWFL where this might work).

Good luck!!

PS: [shameless-plug]We have positive cashflow investment properties available.[/shameless-plug]

Forecasting future is called speculation. In real estate business forecasting on future prices and cashing on it is profitable and it can be risky too. Beginners have to take extra caution. Taking advice from other investors will also help minimize mistakes. Following tips can help you in going smoothly.

[LIST][*]If you are planning to invest and speculate for a higher price then you need to look around the neighborhood of the property you are investing in. Try to know if any development there could hike the value of the property in coming months.[*]Think of buying the property only if you want to hold for an indefinite period.[*]Plan prudently. Weigh the risk and calculate profits deducting all the taxes and fees that you would have to pay until the property is with you.[*]Resist temptations of selling it early at the rise of prices. Also do not wait for highest price. [*]If possible go for investing in distressed properties such as pre-foreclosure homes, or foreclosure homes, and so on.[*]Try buying multiple properties that are cheap instead holding on to one and wait for the ripe time. [*]Being a novice, do not go for pre-construction buying. Supposing the construction does not take place at all or is stopped half way through you would be in a quandary. Do not go for rumors in the market. Because at such times you may commit mistakes by selling good deals and keeping bad ones for bad times.[*]Do not make the mistake of going on hunches. Speculate with your head rather with heart.[*]Learn to take small losses for big gains in future.[*][FONT=Verdana]Don

Instead of immediately starting the business, its better you either do partnership with some other realtor or join as an assistant. In this way you will get experience about market, real estate business, and business strategies. Once you get the experience then it will be safer to move further.