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donconrad
Member
| Joined: | Wed Jun 18th, 2008 |
| Location: | Indiana USA |
| Posts: | 4 |
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Posted: Wed Jun 18th, 2008 10:50 am |
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Bigmoneyatl:
It's great that you're thinking about investing at such a young age! I wish I had started earlier!
That said, the best thing you can do right now is take your time and learn more about the business of owning real estate.
To do this I recommend that you:
Find a real estate investment club in your area. I have compiled a nationwide list on my website: http://www.findthatqualitytenant.com/investment_groups.html
At the same time you should read a few books on different landlording topics. I recommend:
Fixin' Ugly Houses for Money (Jay Decima)
The Reality of Real Estate Investing (Allen Watkins)
How to inspect a house (Hoffman)
Find That Quality Tenant (By yours truely)
A dictionary of real estate terms & vocabulary
Now of course these are all just starting points but it should get you moving toward your goal. Just remember, take your time and learn the business. If (as a previous poster said) you don't own your own home yet, do that first.
Good Luck
Don Conrad
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aelam
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| Joined: | Mon Mar 24th, 2008 |
| Location: | |
| Posts: | 8 |
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Posted: Mon Mar 24th, 2008 05:37 pm |
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 I am a lic real estate agent & real estate investor. If you are interested in investing with me I can forward you a copy of my business plan for investing.
elamsestates@aim.com
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greatlandlordinfo
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| Joined: | Fri Oct 12th, 2007 |
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| Posts: | 7 |
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Posted: Thu Feb 21st, 2008 11:47 am |
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Since we are currently in a "buyer's market", it is a good time to be buying investment property. Could real estate prices drop even further after you buy? Maybe - maybe not, it's like flipping a coin and no one really knows for sure unless they have a "crystal ball".
The best way to get started with investing in real estate is to learn the basics of the business first before jumping in. Knowledge is power, especially when investing your hard earned money for building your financial future. Knowing what you are doing can certainly make the difference between success and failure in real estate investing, especially during the "down markets" like we are currently in.
Another key with becoming a successful real estate investor is to develop a "long term outlook". No matter what others may tell you, it takes time to build a solid financial foundation. In real estate, time can either be your best friend, or your worst enemy. Be patient and put time on your side - don't try to get rich overnight because you'll only end up heartbroken and disillusioned.
I hope this advice has helped you with getting started on your investing journey.
Best regards
http://Great-Landlord-Info.com
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vic
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| Joined: | Sun Mar 26th, 2006 |
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| Posts: | 417 |
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Posted: Tue Feb 13th, 2007 02:35 pm |
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Did you buy your own homestead yet? If not, that is a great place to start if you are in your 20's.
Vicky
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bigmoneyatl
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| Joined: | Tue Feb 13th, 2007 |
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| Posts: | 1 |
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Posted: Tue Feb 13th, 2007 09:07 am |
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| i need some tips or advice on how to get started investing im 22 with money in the bank plz help my life is in your hands
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Current time is 12:36 pm | |
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