Advice on starting

[Gabriel Ortiz]

I would love to start getting into the real estate business but I do not have the real estate knowledge yet. So I wanted to ask how do I go about learning about real estate? My community college has a real estate program but is that a good way to learn about the business? What do you guys think I could use the feedback because I do not know anyone in the business. Also what would be a good way to start out after my education? Should I go into owning a duplex and rent it out or what would be a good start for a beginner? Thanks so much everyone I really appreciate it 

[Luis Montanez]

The question about what to do, where to start, who to call.  The short answer is that sky is the limit.  Some of us got into RE at 19 barely out of high school not knowing what we were doing, but you eventually you learn.  RE is like swimming, you can learn theory on books and internet but if you do not jump in the water, you will never learn.

The first things I would do is :

1. listen to every BP podcast 

2. down load the deal analyzer spread sheet and start looking at deals to become familiar with the terminology.

3. by listing to the podcast and looking at deals, come up with a game plan

4. come up with your financial strategy.

5. start biding on local deals  

There is the possibility that you may scrape your knees a little at first (not do the bast deal) but it would be better than doing nothing at all.