Tuesday, November 26, 2013

Real Estate Investing For Beginners Roadmap

By Kevin Ierardi


You have decided that your going to get into real estate investing and your looking for anything that says real estate investing for beginners? When starting out this is a great place to get started but lets talk about the basics first before talking about a bunch of classes or books.

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.

At first you can use your own money that you have in a savings account or something like that. Another option is getting money from a hard money lender otherwise known as a bank. However, a bank should not be your first option.

After you have decided how to finance your property is time to start looking for property. This is where you really need to do some good research. You need to bear in mind what makes a good investment property. After deciding on a property you need to decide what you will do with the property. Will you rent it or will you fix it up and flip it. The more you know ahead of a time the easier it will be as you move forward.

When it comes to getting answers to your questions books like real estate investing for beginners can be very helpful. Books on tape or audio books can be great as well. These books can be listened to when your doing something else like driving to work.

If your a newbie to real estate investing a great resource of information would be your local real estate investors club. These clubs provide a lot of in formation on real estate investing for beginners. You can also get some good discounts through these clubs at local retailers which is helpful when working on a property.

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.

Try not to get discouraged along the way and remember there are lots of people just like you starting out. Buy some books like real estate investing for beginners, get a plan together and put it into action.




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