Looking for advice-starting out with real estate investing

[John J. Stoia]

Hello everyone. I appreciate your advice from my previous post on being new to real estate. I have been reading, listening to the Real Estate rookie podcast from BP and picking up on some lingo so far.

Regarding my strategy, I have my Why and my goal but I am not sure if my goal is what would be best for me in my current situation. I think I'd like to start with rental properties.

I was looking to get people's perspectives on a few things as I want to get started with real estate in 2024. 

1) What would you suggest for someone that does not have much capital to start? How could I go about analyzing which option would be best for me to begin given my situation? I'd like to fledge out a more detailed plan before I get too far, involving potential costs that I'll incur. I like what BP has regarding the investing analysis tools. I'm a numbers guy...must be the accountant in me :)

2) It can seem overwhelming trying to learn everything at first. How did you navigate this while taking on real estate investing in the beginning? Did a strategy (e.g. STRs, BRRRR) catch your eye, you determined it was best for you and you went forward with it?

I still am going to continue to save and try to put together enough for my first deal. I understand that different strategies work for different people. 

I appreciate any advice you have. Thanks in advance!

[Barry Ruby]

@John J. Stoia

John, learn the language and metrics of the financial world and how to use them to conduct underwriting skills

If you can't do that, you will wander in wilderness until you do

Let me know if you need any help getting there