2006-06-19 10:17:21 · 4 answers · asked by Novice 7 1 in Business & Finance ➔ Investing
... and DON'T buy any of those programs that you see on infomercials. I've heard that a lot of the so-called 'available property' is unihabitable slabs of land in the desert, etc.
2006-06-19 10:27:19 · answer #1 · answered by Aussie Mommy 3 · 0⤊ 0⤋
If you want to be a real estate investor, begin now, go to school later.
Pick up the book Rich Dad Poor Dad and first learn about what constitutes an investment or liability. Progress to his other books about investing he has and books he recommends on real estate.
The best way to start is to acquire a small, inexpensive house to fix up and rent. Once you fix it up you should have some equity you can borrow against, to buy another house to fix up and rent out again. And so on, and so on.
Soon you will have numerous properties and you can sell them, consolidate them or use them as leverage to buy bigger properties. It only takes the first house to get started. There are many owner carry opportunities and banks that will carry zero down.
2006-06-20 00:58:28 · answer #2 · answered by Eric A 2 · 0⤊ 0⤋
If U do not have money, take loan from nationalise bank which will give U at low interest, though it takes time. In the mean time , U can look out 4 the better real estate
2006-07-03 05:32:56 · answer #3 · answered by stephen 1 · 0⤊ 0⤋
Don't go back to college. And you don't have to buy everbodys programs. There is so much info available free on the net. I learned everything from the net, reading forums, and talking to people at the courthouse, title comps, and RE brokers. Pick peoples brains! The best of all is visit the library. They have tons of books. Take lots of notes. You will soon see that a lot of peoples books are the same. And all it costs is a library card!
2006-06-19 22:44:33 · answer #4 · answered by reallifeanswers 2 · 0⤊ 0⤋