How does someone go into real estate investing? Are there any good books about it that offer real guidance? I am very ignorant about real estate, I'm young and have no steady income at the moment. Any help is appreciated.
2007-05-20 14:45:22 · 6 answers · asked by Anonymous in Business & Finance ➔ Investing
1)Reading books on the topic is a good idea. But, don't expect to get what you need entirely from books.
2)Going to real estate school and getting your license will help you understand the transaction process and it will save you a little money down the road on real estate commisssions since you can do your own transactions, but it is not a requirement. And, it will most likely not help you learn to make good investment decisions. For that, you need some hands on training.
3)For hands on training, I recommend you find other investors in your community and offer to find properties for them to purchase for a fee. This involves none of your own money, but will allow you to earn a little bit while you are learning to find good properties and getting the hang of knowing how much to pay for them. Here's an article about that entitled "Real Estate 101". Good luck.
http://www.relocate-northwest-arkansas.com/real-estate-investor.html
2007-05-21 00:11:50 · answer #1 · answered by dogmom 3 · 0⤊ 0⤋
Investing in real estate has become increasingly popular over the last fifty years and has become a common investment vehicle. Although the real estate market has plenty of opportunities for making big gains, buying and owning real estate is a lot more complicated than investing in stocks and bonds.
It is better to go realestate school and get the license. Through the license you will be a certified realestate agent.
2014-10-14 20:30:53 · answer #2 · answered by Arden 2 · 0⤊ 0⤋
Studying guides around the matter is an excellent idea. But, do not expect to get what you need totally from books.Go to real estate school and get the license. Through the certificate you will be considered a licensed real estate agent.
2014-12-05 19:28:02 · answer #3 · answered by Isobel 2 · 0⤊ 0⤋
Well, if you are thinking of buying into some infomercial package, beware. Part of the reason they are selling them so cheap is that the rules are about to change and they want to get their stock off the shelf before they become obsolete. Beware of a practice called flipping, where you buy and sell in fairly quick succession. This is different from the other two common tacks: build a nice house and sell it to have money to build a still nicer house, etc., or buy a house and rent it, using the value (equity) to buy still another house and rent it out (there are special loan programs if you are not going to live in the house). They all have their problems, but if you buy the right house at the right time, things can appreciate. For instance, my house just went up in value because the nearby airport began expanding. If you watch for trends and manage to buy before they are realized, then you do well without much extra effort--you just got to figure out the trends and time your entry, which isn't always an easy thing to do.
2007-05-20 15:38:09 · answer #4 · answered by Rabbit 7 · 1⤊ 0⤋
Why not go to real estate school? You would be able to broker your own deals and pay yourself at the same time. I say this because realtors don't work for free, and along with the cost of land, it will take a chunk of money out of your profits.
2007-05-20 19:55:34 · answer #5 · answered by ihop 5 · 0⤊ 0⤋
Real estate cannot be completely known through books or internet surfing.It just comes all from experience.Have a thorough guidance from whom it is experienced.You can have that through purvankara
2015-06-01 06:23:16 · answer #6 · answered by dil 1 · 0⤊ 0⤋