Getting Started in Real Estate

Real estate investing is gaining more popularity for generating financial growth.  Many people are looking to capitalize on its ability to generate passive income and financial growth.  But, for beginners, it can be a bit daunting.  This post is designed to give a few quick starter points to ease your concerns.

1. Determine what kind of investment you want-Single Family Residential provides lower entry and larger variety of opportunity
   Multi Family Residential can be a great passive income generator
   Commercial can be office or retail space
   Land- we can’t make more
   
2. Get educatedRead books
   Join groups - Not Gurus
   Listen to podcasts
   
3. Know your financesDo you have enough for a down payment
   Is your credit score good enough
   Is your income strong enough for potential strain
   
4. Decide your strategyFlipping- Buy add value and sell
   Rental - Fix (if necessary) and rent out
   Wholsale - get under sales contract and sell contract to another investor
   
5. Assemble your team- What professionals do you need to have access to in order to accomplish your goals
6. Start small and grow

Conclusion:

Getting involved in real estate is a great way to provide for your future.  Having the right plan and people in place can help any new investor overcome the challenges that have the potential to arise.