How To Get Started In Real Estate Investing

Author: Jamel Gibbs

In modern times, real estate investing is one of the leading sources of wealth building. The majority of the world’s millionaires made their money by investing in real estate. When investing in real estate you open up a whole new world of opportunities for yourself. But, as a newbie how do you get started in your own real estate business? This article will explain how to get started in the real estate investing business.

Pick a niche: First you have to decide on what you want to do as an investor. Do you want to be a landlord? What about a rehabber or wholesaler? The best thing to do is pick one field and get good at it, then move on to other fields. Ask yourself these questions. Do I need immediate cash? If so, then you may want to flip houses. Do I want to collect a monthly income? If that is the case, then rental properties is the way to go.

Education: The next thing you may want to do is get as much education as possible on the niche you picked. By getting educated on the niche, you can get a better understanding on how to get things done the right way. If you don’t educate yourself, real estate investing will be an expensive experience for you.

Build your team: After you have educated yourself you will need a team. A team can consist of realtors, title companies, mortgage brokers, private and hard money lenders, bird dogs, etc. Train your team to duplicate your business actions and you will have much success.
Farm your areas: Pick a couple of middle class areas to invest in. Drive around and get familiar with the properties. Get familiar with the property values and take note of the amount of properties on the market.

Networking: The best thing to do as a beginner is network with other investors. Get some business cards made up and go join your local real estate investment club. Start talking to the other investors and ask them if they would call you if they find any good deals. Let them know that you will call them as well. Make sure you get their name, phone number and email address so that you can keep in touch with them.

Remember that education and action is the key to your success as a newbie. Once you know what to do, then put that knowledge to work and don’t procrastinate.