Posted by admin on 29 Jul 2008 10:36 am. Filed under Investing.
dave asked:
I would eventually like to buy and sell properties. Should I take any special classes? I read a couple of books on the subject. Are partners a good idea?
One Comment to “How can I start out in real estate investing?”
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matthew s said:
On August 1st, 2008 at 7:51 am
I have a few answers to that questions. One good way to start out in real estate investing is to get your real estate sales license and pick up a part time job as a real estate agent. You can still keep your day job, and it’s a great way to learn the real estate business from the inside and to find good deals before they hit the market.
Another good way to start out in the business is to buy a two-family home (half of which you would occupy), or even a single family with a room you can rent out. Instantly you’re a landlord and you can start learning how to be a property manager. You need to learn this well if you’re going to be a successful real estate investor.
As for partners, it all depends on the individual you partner with. If you wind up with a good one, they are wonderful. If you wind up with a bad one, they are a nightmare. Partnerships are like marriages, and like marriages, there are more bad ones that end in divorce than their are good ones. If you can do it on your own, that’s the safer path. At the least, make sure you sign a pre-nup!
On August 1st, 2008 at 7:51 am
I have a few answers to that questions. One good way to start out in real estate investing is to get your real estate sales license and pick up a part time job as a real estate agent. You can still keep your day job, and it’s a great way to learn the real estate business from the inside and to find good deals before they hit the market.
Another good way to start out in the business is to buy a two-family home (half of which you would occupy), or even a single family with a room you can rent out. Instantly you’re a landlord and you can start learning how to be a property manager. You need to learn this well if you’re going to be a successful real estate investor.
As for partners, it all depends on the individual you partner with. If you wind up with a good one, they are wonderful. If you wind up with a bad one, they are a nightmare. Partnerships are like marriages, and like marriages, there are more bad ones that end in divorce than their are good ones. If you can do it on your own, that’s the safer path. At the least, make sure you sign a pre-nup!