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Updated 10 months ago,
Seeking advice oh how to get started in RE. No previous experience.
Hello, I hope this message finds you all well. I am writing to seek guidance and advice on venturing into the world of real estate, particularly focusing on flipping properties and the BRRRR strategy. I am starting from ground zero, with no prior background or capital to invest, but with a strong desire to create passive income for my family.
I currently work as a middle school teacher in California, and while I love my profession, I have a strong desire to explore avenues that could potentially provide financial stability and additional income streams. Real estate has always intrigued me, especially the concepts of property flipping and the BRRRR method.
Given my lack of experience, I am reaching out to this knowledgeable community for any insights, tips, or advice on how to get started. Here are some specific questions I have:
What would be the best approach for someone like me who is completely new to real estate? Are there certain steps I should prioritize?
What would be the most suitable approach for someone like me who has no starting capital? Are there creative ways to get involved in real estate investing without a large financial backing?
Would attending a real estate school or taking specific courses be beneficial in understanding the fundamentals?
Any suggestions on how to connect with experienced investors or professionals?
As a middle school teacher with a full-time job, how can I effectively manage my time and efforts to delve into real estate investing?
I am truly excited about the prospect of entering the real estate market and creating a path toward financial freedom for my family. Any advice, personal experiences, or words of wisdom you can share would be immensely appreciated.
Thank you all for taking the time to read this message. I look forward to hearing from the experienced members of this forum and learning from your valuable insights.
Warm regards,
Joseph