A Newbie That Wants To Start In Real Estate Investing
Hi, as my title mention, I'm a newbie at real estate investing. I know I might get several different responses but, I want to know which courses do indivuals feel are great courses for beginners.
I live in Houston TX, I wanted to get started slowly with purchasing condo's or 1 family homes. I need some material that shows the different financing techniques used to gain positive cash flow & payoff in 7 - 10 years or less. As you can tell, I have done some reading.
All info is appreciated.
Thanks
You have done a good job educating yourself, but now you need to network and get some contacts in the mortgage business. Find a good aggressive mortgage broker. Take them to lunch, you can learn a great deal.
Good Luck.
Purchase John $Cash$ Locke's bird dogging manual...
I have read Steve Cook's Wholesaling book and it was great informational reading...
I would suggest those two to start. You want to get started in bird-dogging and wholesaling when you first begin in REI... Until you learn the ropes, work with professional RE Investors!
Good Luck!
[addsig]
I suggest a visit to the local bookstore (a large one) and browse the books on the shelf. See which seem to do a good job at explaining things. Read a chapter to validate the value before you buy.
Expect that books on financing ideas will have a lot of ideas that work in a specific market so not everything will work in you situation (market conditions, your credit, the property type all influences what makes sense).
John
[addsig]
My advice is to stay away from condo investing.
First off, the monthly condo fees eat into your income.
More importantly, you're at the mercy of the omnipotent association, which for example can vote to undertake a major and expensive project (say, reface the building, replace the roof, etc.) and you've got no option but to pony up your portion of the costs.
In a nutshell, condo investing eliminates an investor's autonomy.
[addsig]