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Updated almost 19 years ago on . Most recent reply

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Howdy, as you're probably already aware, im a newbie, and i mean that when i say. I decided to get into Real Estate 3 monthes ago, took my pre-licensure classes and passed the test a week ago.

Now I hate to sound ignorant, and simply jumping into the business because it's EASY or hardwork isnt required, because that wouldnt be true, nor would it be for me. Im trying extremely hard to learn the business from ever angle by listening to ever word posted, and taking in all the advice i can get. I have invested much time and money in blogs and books, but there is still one question the I cannot seem to find the answer in any material. My goal in the Real Estate business, or at least get started with it, is in investing in income generating rental properties. That being said, my question is, ive heard many people post and many authors say "DO YOUR HOMEWORK BEFORE INVESTING!" Now dont get me wrong, doing the work isnt the problem, moreso the question. I know what i need to research, Market Trends, Appreciation/Decreciation Values, Vacancy Rates, Debt Service, GRM, RoR, Cap Rates, and all that other good stuff, but im puzzeled in how one goes about finding these figures in the real world. I currently live in a High priced section of my county where short-term investments would be impossible, rather I plan on investing in monthly income generating properties in a more urban area of the county with a middle-class population that rents, instead of owns. Any advice/criticism is greatly appreciated. Thank You!

Adam