I thought it would be interesting to hear from some of the REI gurus here. How did you get started? What led you to seek REI? What can you give to motivate us beginners?
Myself, I’m just getting started. Well, I’ve read on the topic, researched, took a REI class, and even taken the real estate person course, but haven’t gone for my license. I’m more affraid to take that first step! I’ve saved up a few thousand, but dont know what it is enough. I NEED MOTIVATION!!
I appreciate any stories and advise you can share…
Niravmd - I appreciate your helpful posts to me on some other topics I started. I just wanted to mention that if you’re ever interested in investments in Canada to let me know. I know of one area in particular that is very reasonably priced and yet the rents are making a lot of landlords pretty wealthy.
I want to invest outside of my state (maryland). I have yet to do my first deal, but I’m certainly ready to move when everything comes together. So I have those first deal jitters plus the out of state thing kind worries me.
HOwever, I had 2 people contacting me today from out of my state via my website. If these are good deals I don’t want to blow it with them.
What is your advice for investing out of state? I read your blog and see that you successfully do it.
i have a system in place for each area i invest in. if decide i want to
invest in a particular area, i get an agent & a property manager-handyman as part of the team. i also buy in bulk in that area
so my efforts are concentrated.
if you’re going to look at deals from anywhere in the country you need to research every deal from scratch. whether its a good deal or not, whats the buying and exit strategy, who’s going to manage or repair it.
I will probably be quite difficult to do so. i would first decide which areas you want to focus on and then build a team there. then start marketing in that area.