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Updated almost 10 years ago on . Most recent reply
Beginning Investor in Connecticut: Looking for Advice and Warnings
I recently decided to become involved with real-estate investing, but before I do anything else I'd like to become knowledgeable on the subject. I've read several books/ blogs and the majority of these suggest the best way to begin is wholesaling. I'm a Business student in my twenties with limited funds, so it seems like this may be the best way to start out.
I'm also interested in purchasing multi-family homes to rent.
So far the biggest questions I have are:
Is wholesaling really the best start for beginners?
Should I stick to my local area (New Haven/ Fairfield County, Connecticut) or consider out of state properties?
How do I find a mentor and establish contacts with others in my area?
These are just a few of the questions I have; it seems like there is an endless amount of information to know on REI. I welcome any feedback that is offered!
Most Popular Reply
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Welcome @Account Closed )
3) Getting my RE license helped me accelerate the learning curve in finding good deals (and saved me money), but it's not for everyone and it takes time to get and costs money upfront.
There are also local CT meet-ups that many investors here are part of that offer ways to network with other investors.
Chances are if you're in the real estate investing business to get rich quick, it probably won't happen. However, if you're in this to get rich and can be patient and work hard, I think you will get there.
Best of luck in whatever direction you choose!