First 5 things to do when first learning to invest...

[Chase Romine]

Could anyone list a few things I should do to start? Just very basic things that could help get me in the right direction of knowing what I need to know and who. Just some thing that I need to do to begin?

Thanks!

[Mike Fontaine]

@Chase Romine

I am in the same spot in my owner personal investing but, I own a small property management company and it has given me the opportunity to see a few early investors get on their feet. What I would say is there is a couple ways to make sure you are ready. 1. Get your cash savings up. You need money for a lot of things including just the down payment on the house unless you are using some sort of creative financing to not have to put in any of your own money. Not impossible but less likely at the beginning. Plus depending on what your doing you will need money for rehab, mortgage, and general upkeep. 2. Get in contact with as many other investors as you can. There are usually tons of groups in different areas. BiggerPockets usually has lists of these on the site. Also If you Google it there usually is plenty that will pop up. If not there is always ways to start your own. 3. Get to know your market and learn as much as you can about as many details as possible. You can read books about this topic, listen to podcasts, general research online, or even find a mentor.

There are plenty of ways to start. Knowledge will definitely be your strongest asset when you first start!