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Updated almost 9 years ago on . Most recent reply
![Warren Lanham's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/230958/1695131078-avatar-warrenlanham.jpg?twic=v1/output=image/cover=128x128&v=2)
Investor newbie looking for guidance
Hello my name is warren lanham. Im currently located in the miami fl. Area. Ive been interested in becoming a real estate investor since i watched carlton sheets sell his investment program on infomercials decades ago.
Me and my wife have finally gotten to the point where we can purchase our first duplex. The problem is its one thing to like the idea of something and another to actually know how to do it!
The duplex welwe r plplanning on purchasing will be lived in on one side and rented out on the other.
I need to learn everything really. I need to learn how to analyze potential duplexes for maximum roi, what do I do once I find one with good roi? Actually I think its called a cap rate? Not sure. Like I said I'm really green.
I need to learn how to find tenants, screen them, rental agreements, evictions, the list goes on and on.
I would appreciate any and all advice on: what books to read, websites to visit, people to contact, etc etc.
Thank u all in advance for ur help.
Most Popular Reply
![Lucas Machado's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/140813/1621419019-avatar-lmachado.jpg?twic=v1/output=image/cover=128x128&v=2)
Welcome @Warren Lanham! Most of the info you need can likely be found here on BP somewhere...Then when you actually start going through the motions, you may come across some special circumstances/situations that weren't covered in the material you researched...That's where we come in! You may want to consider working with an agent, but don't just believe everything they tell you. Trust, but verify! Best of luck!