Now, I really love to get into real estate investing. I would love to do this full time too. But The problem is that I know nothing about real estate right now. With your knowledge, could you please advice me on where and how to start? what are the things I am supposed to know first.
What are the basics of becoming a real estate investor?
Thanks. please reply.
Just like the old addage ‘Location,location,location’ as a somewhat still newbie myself the only advice I can give you is ‘Read,read,read’. Learn as much as you can before you buy and get stuck with a mess.
Some of the more informative books I have come across were by Robert shemin and Jay DeCima ( not an advertisement just my opinion).
Learn some of the State and local laws regarding landlord- tenant issues. Go to your local home depot or loew’s and check prices on supplies if you are going to do rehab’s. Look in your local paper and get a feel for you local rents and housing markets. Whatever you do NEVER stop learning.
Good Luck
VB in PA