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Saturday 7 December 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.

When getting started you can use your own money but if it's not necessary then I wouldn't advise you doing so. As I said you can get money from the bank or a private lender, a bank should not really be your first option either, the private lender is best.

Now that you have your finances in order it's time to start exploring properties. At this point you need to put on your research shoes. Keep in mind what makes a good property, like the condition and if you feel the home can make you money. After you have found a property you may like it's time to decide what to do with it after purchase. Will it be flipped or rented? Its always better to plan ahead and have your answers.

Now this is where books can come into play. Regular books like real estate investing for beginners and audio books can be very helpful in making decisions. These books can provide insight into topics you are not familiar with. Audio books are great because you can listen to them anywhere.

The next option for real estate investing for beginners is joining your local real estate investors club. These clubs are perfect for people starting out because they offer so much information and other benefits like discounts at local stores.

The investors club is great but it is not a full time thing where you learn continually. If your looking for something like that then you should look for a course. looking for a good course can start right here on the internet with a Google search. Look at reviews and try your best to make a good choice on which to join.

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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