General Steps That Need To Be Taken
I'm very new to this whole real estate investing idea... in fact, I don't even want to say that I'm a part of it because it really is just an idea. My husband and I are curious about it though and I've been fumbling around on the website here for a while. My question is, what is the VERY first step (and then the steps thereafter) in looking to buy a home and rehabbing (even as far as loans, inspections, etc.). I'm almost ashamed of my naivety... we've never owned a home, but have a little leeway as far as flexibility and the time we have to put into the rehab of the house. Anyway, any tips will help! Thanks! :-?
Welcome to TCI and the world of creative real estate investing!
Read this article
Getting Real About Real Estate Investing
http://www.thecreativeinvestor.com/modules.php?name=News&file=article&articleid=747
Many teachers and course marketers no longer actively invest while some never have. They just learned the techniques well enough to teach them, though not well enough to be successful with them themselves. Some still teach methods that have been outdated for 10-20 years.
You will want to research the direction you want to go as an investor. Their are so many investment strategies along with teachers teaching them it's hard to make a choice but education doesn’t mean anything. Don’t get me wrong: We can say the word “education” and get that special feeling inside, like we’re chanting some sacred incantation. We can also use the educational system to get a job, or use prestigious universities as resume fluff:
In this manner, education is nothing more than a disposable product. This may seem outrageously idealistic, but I was under the impression that the meaning of education fell somewhere near enlightenment. I’m not talking spiritually. I’m talking in terms of knowledge that goes beyond the mere storage and repetition of mundane information, or workshop lingo that alienates everyone outside your workplace or vocation.
I’m talking about the difference between treating education like a dear loved one, and treating it like a cheap one-night stand. The prevailing attitude in our mainstream culture is the latter. Although we can get so worked up about funding, class size, and pedagogical methods, what does any of this mean if we do not infuse education with human value?
Education should be about encouraging the importance of learning in concert with knowing. The emphasis on knowing something is overrated and serves to further the degradation of learning in our society. It’s the same emphasis that encourages “knowing everything you need to know”
This prevailing attitude will never value education past its practical function as a disposable package to be tossed into the trash once its contents have been consumed. With such an approach, it is next to impossible to spark the desire to learn.
If it cost you $10,000 to learn how to profit in real estate you can profit from it for the rest of your life.
In just, no matter the costs invest in your self, your family, and your future!
I would suggest searching TCI's articles and forum post, spend about a week doing this so that you can decide what direction you would like to go and than you will find a great source of information courses and books at: http://www.thecreativeinvestor.com/Shopping_Cart-index.html
A few articles that I suggest are:
Baby Steps For The Beginning Investor
http://www.thecreativeinvestor.com/modules.php?name=News&file=article&articleid=789
Real Estate Basics
http://www.thecreativeinvestor.com/modules.php?name=News&file=article&articleid=787
OPM - The art of leveraging
http://www.thecreativeinvestor.com/modules.php?name=News&file=article&articleid=771
Short -Term Strategy / Instant Cash Profits
http://www.thecreativeinvestor.com/modules.php?name=News&file=article&articleid=768
THE 10 best real estate books this year
http://www.thecreativeinvestor.com/modules.php?name=News&file=article&articleid=763
Become vary active in the TCI forum, your use of this forum will be of great service to you as an investor, so start out by becoming a paid member so that you can use the search tools to find the information you need.
Read the following articles:
The Value of Membership with TCI!
http://www.thecreativeinvestor.com/modules.php?name=News&file=article&articleid=630
Your Key As A Successful Investor Is Simply Self-Knowledge
http://www.thecreativeinvestor.com/modules.php?name=News&file=article&articleid=675
May 2005 bring you and your family success!
[addsig]
read "buy it, fix it, sell it Profit!" by kevin c. myers. it will give you the "general steps" you are asking for........km
p.s. it cost about 20 bucks and you can find it at most bookstores.........km