As a newbie, I was wondering if there were some do's and dont's that i should be aware of. Also i am more interested in flipping properties is this a good way to start out. Your responses will be very helpful, thanks
You should start by bird dogging properties to other investors to get your feet wet. Also read the articles that are posted here to see what type of investment strategy would fit your particular position.
Find vacant properties and contact the sellers. The owners are usually anxious to make a deal. There is something about vacant homes that do not show well to buyers. You can also find distressed or low curb appeal units. Contact the owner and introduce yourself.
Learn your market and educate yourself about real estate investments on the technical side. Only bring deals to your potential investors if the deal makes sense, otherwise you are wasting your time because the investor wont do it, your hopes will get dashed and your will become frustrated. Make sure you really understand what you investors buy and where.
You should start by bird dogging properties to other investors to get your feet wet. Also read the articles that are posted here to see what type of investment strategy would fit your particular position.
Good Luck,
Kyle
Find vacant properties and contact the sellers. The owners are usually anxious to make a deal. There is something about vacant homes that do not show well to buyers. You can also find distressed or low curb appeal units. Contact the owner and introduce yourself.
Eric & Rosa
[addsig]
Learn your market and educate yourself about real estate investments on the technical side. Only bring deals to your potential investors if the deal makes sense, otherwise you are wasting your time because the investor wont do it, your hopes will get dashed and your will become frustrated. Make sure you really understand what you investors buy and where.