Updated almost 12 years ago on . Most recent reply
New Guy in Real Estate
Hi, I'm a 21 year old college student thinking of dropping out of college to start investing Real Estate. It doesn't make sense for me to take on huge amounts of loans so that I can be stuck in a full time job. I would rather use loans to get money back at exponential rates, so I turned to Real Estate.
I've read the ultimate guide and I was amazed by the wealth of information. I've decided to invest in multifamily homes first and my strategy to make money is to buy and hold.
That being said, I still haven't gotten some of the fundamentals down yet. One of them is:
- Criteria (how to find the best deal)
I understand the math part, but I'm sure that there are other elements at play such as location, the type of neighboorhood, etc.So my question is this
How do you narrow down from a broad selection of properties to a single ideal property ? What types of questions do you ask yourselves? Is it more efficient to get a real estate agent to find deals for you? If so, what would you ask or tell them to make yourself not look ignorant? ( I currently work as a sales representative, so I love pitching products to ignorant customers, so I can pitch them the highest price possible)