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Updated about 4 years ago on . Most recent reply

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Sam Hemingway
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I'm New, How Do I Get Started?

Sam Hemingway
Posted

Hey all! New to this community. I own one property (my home). I've been fascinated with the idea of owning rentals. I'm 32 and want to get started but just don't have any capital or know how. I think I'm in the right place. Where should I start?

Books? Daily reading? Mentors?

I'd like to take some time to educate myself properly, but I don't want analysis paralysis either. I'm young but I'm not that young. I want to spend my time wisely. What do you guys suggest?

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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

Find your local REI events on Meetup and meet some local investors around your age and see what they are doing. The most important thing to do is not to rush into it. There are tons of books and resources and everything telling you how you can have 100 units with no money down, but that is not realistic, especially not right now. Search for what you are interested in here in the forums, read the answers, and start with the books that suit what you think you might want to do. Most of us who have been in it a long time have read all the books. Some are better than others, but all of them have usable knowledge.

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Zen and the Art of Real Estate Investing
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