Hello, I am new to this forum and I have been trying to find information on how to get started in the real estate field. I was thinking along the lines of helping people get into a home by doing a lease-to-own agreement, but not exactly sure how to start this up. By the way I am also from Canada, I was wondering if there are any good books to look into. I have been reading reviews of people like joe crump and azam meo but the reviews are not always so hot so I was hoping that someone in here might be able to help me put my foot in the right direcetion.
When it comes to getting started, the good news is that it’s pretty easy to start. That’s because getting started means getting educated. A few suggestions.
- Go to ebay and purchase Carleton Sheet’s program. They have a few for about $40.
- Read " The Millionare Real Estate Investor" by Gary Keller.
- The “Rich Dad” series are cheap too. They’re O.K.
These along with other RE books are under $30. You may get a better idea of where you want to start after absorbing enough material. Good Luck.
If you honestly believe you are going to make a nice living by “helping people”, you are setting yourself up to be taken advantage of.
If you want to do lease to own, I suggest that you only accept tenants who can and will make their payments without somone helping them, and who have a long history of taking care of themselves and their own finances without needing any help.
This forum needs a “how to get started” STICKY thread in the General section.
Maybe a few of us could write one up…
I was just reading some reviews regarding the Carleton Sheets and the reviews were not positive.
However the reviews that I found regarding the book tells me that it is pretty good. I plan on getting it.
Thank you for your help.
The Carleton Sheets program is a good beginners course. I would not buy it for $150 but I got it for $40 on ebay and it was still in the wrapper. Much of the negative reviews I’ve seen are from people who never even tried the concepts in the course,and then tried to get a refund after the expiration date. If you can spend under $80 on it, I’d say it’s worth it. I think I’ve spent a total of about $300 on books and courses over the last 2 yrs. I have a TON of books.
I’ve also just got started myself.
Books and classes are great ways to learn but you have to be careful not to take everything that someone says as the “only/best” way to do something, but an inexpensive way to build some knowledge is by listening to podcasts.
I already had ITunes on my computer and just started surfing different podcasts. You can download many of them for free and this helped me form my own opinions and knowledge on a vast number of topics.
After listening to different speakers and reading different books, it seemed to me that certain themes started reoccuring.
Best of Luck,
Darin
hhiinvesting
Just got the Carleton Sheets DVD collection last week. I actually had it once before and returned it within the 30 days. Several years ago, I like many others thought I could pop in the tape (didn’t have the DVD’s back then) and be on my way. But I did what so many others did… I popped it in day one, listened to a bit of it and then let it collect dust. I returned it just in time.
Fast forward a few years, I bought my 1st 2 unit, no money down. (I found out later, that “method” was illegal). Very bad mistake buying that property. I was not prepared. Long story, short, I’ve been listening to the CD’s and watching the DVD’s and reading this forum; had I put the Sheets info to use back then, I would’ve never bought that property. Well, not for what I paid for it. And boy did I pay for it!
So, the program is pretty good. Some stuff outdated, but good info.
Oh, I paid a whole $20.50 for the course! I’ve blown $20 on junk many times, at least this is well spent. Can’t beat that! Now, I got the course on my iPhone so I can listen anytime. Stay on this forum and join your local REI club too!
I screwed around for years reading books, tapes & going to seminars - but I never did a deal. After getting laid off my job I knew I had to do something fast. I just hired another investor to show me what to do. Wasn’t cheap but it worked. His fee was more than paid for on my first deal. Well worth it. ADVERTISING DELETED I see people saying to go to meetings and read books and this is great. but i did that for yrs and didn’t do a single deal until I got someone to push me.
mikebuyshomes
Nice shot at promoting yourself, however let me tell you what gave you away.
Professional investors buy HOUSES not HOMES, home is where the heart is and is a negative when speaking with a house owner.
John $Cash$ Locke