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If you want to get started, then you better start from the beginning and START reading.

if you’re thinking of making a quick buck, then look for something else. Don’t be drawn in from all those commercial; it’s hard work. If you heard of Robert T Kiyosaki who wrote “Rich Dad Poor Dad” and want to follow his path, then good luck to you.

Right now, the real estate market is a buyer market. It can bounce back from it down turn. However, in my opinion, I don’t think we’ve seen the worse. And believe me, it can get really ugly.

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Lots of misconceptions including that it’s easy money, the market only goes up, you can’t lose, you can buy lots of houses for pennies on the dollar, etc. This is one of the most scam-filled areas of all to try to make a living in.

When you want to start, makes sense to decide WHAT you want to do in RE.

Do you want to be a landlord? Single homes or units in something larger?
Do you want to flip houses?
Do you want to be a developer?
Do you want to do COMMERCIAL RE instead of residential?

ALL of that takes a lot of know-how, skills, and money no matter what liars claim about being able to do it for free.

You can invest more simply by reviewing info and purchasing REITs on the stock market–can get a decent return IF you do your homework which includes understanding how the market works.

You could, if you have a LOT of money, invest in a development company.

You could, if you have skills and some friends with skills AND MONEY, form a small business and do something in RE.

You’ve got lots of of options, but it always starts with homework AND money you will NOT need for a good long-time AND a back up plan on how to get as much as you’re putting in based on an educated summary of costs in addition. In other words, people who just start out probably underestimate costs by half. Even experienced people get caught with expenses at times, but novices seem to just believe the BS others have told them about “pennies on the dollar” buys.

Read how a tax lien REALLY works–nothing like the infomercials claim.
Read about REAL foreclosure procedures.
Learn what “as is” REALLY means.
Find out what requires permits, how zoning works, how to speak “contractor time” and more.
Fail to do that and you are in serious trouble. It’s not 2005 anymore when a chimp could walk in and lay down money and walk away with big bucks.

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Read “The Millionaire Real Estate Investor” by Gary Keller