How do you get started in real estate?
Posted on July 27th, 2010 in Renting & Real Estate | 6 Comments »
paul c asked:
I've had a recent growing interest in real estate. Where do I start? I've heard that you can make considerable profit from flipping houses and such. Any suggestions? I really don't have much exposure or experience w/ this stuff at all. I was thinking about taking a real estate class at a community college in my area...
Boston Ma real estate
I've had a recent growing interest in real estate. Where do I start? I've heard that you can make considerable profit from flipping houses and such. Any suggestions? I really don't have much exposure or experience w/ this stuff at all. I was thinking about taking a real estate class at a community college in my area...
Boston Ma real estate
6 Responses
Malibu Real Estate
Flipping isn’t such a great deal these days. You can certainly pick up properties cheaply, but you don’t have the buyers that used to be there (marginal credit people obtaining creative financing).
Further, there is a huge amount of inventory on the market (foreclosures, short sales, builder’s inventory) that you will be competing with.
Not trying to discourage, just something to think about.
Chula Vista Ca Real Estate
if you take real estate classes at your community college you can learn a lot, but there are also a lot of books out there about making money in real estate & you could start by reading a couple
keep in mind that national advice and national trends are not necessarily descriptive of local places where you are looking to buy, sell or invest
real estate prices can vary tremendously by location even down to which end of a particular street, so you have to look at the local factors that are affecting prices and sales
I am not a real estate professional, I just own a couple of houses.
Brigantine MLS Listings
real estate classes mostly just help you pass a real estate license exam. It does not sound like that is the way you want to go.
Based on what you say you want to do I would strongly suggest you find someone that does exactly that and go to work for them. Don’t worry about how much salary you make- consider it an education.
You will either learn how to do this or learn you don’t want to do this.
brigantine real estate
You will need to research what your state requires. Most states it’s a series of classes and passing a state exam. That is the easy part. The hard part, is running a business.
torrance dentist
Ditto. I agree with Glenn. Flipping is very hands on best learned from someone actively doing it in today’s market SUCCESSFULLY. Let them mentor you through the process as there are many facets to working the full scope of this type of business.
While it is not required to have a license in real estate to flip houses, the benefit of a license is the info access you have in pricing and marketing the finished product. For that, you could affiliate yourself with a Realtor as many investors and flippers do.
Bergen County NJ Real Estate
Let’s start with the cheapest way to do this…
1. Find a mentor. If you know a friend that works as a real estate agent, a real estate lawyer, etc. — you can ’shadow’ him. Run errands. Like an apprentice.
2. Read books. There’s tons of cheap books on Amazon you can buy. Ever heard of Carleton Sheets? He has infomercials a lot on TV. I DO NOT recommend you buy his stuff, but his collection of noteworthy books are actually good starts:
3. Going to a real estate class is expensive but at a community college, you know its legit. There are other real estate seminars that charge a lot of money — avoid those, most of the tactics you can read from cheaper books. A $30.00 book investment is better than $3000 seminar….which you have to write your notes down anyway!