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Updated over 4 years ago on . Most recent reply

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On step 1 and need help

Posted

Let me start this off by admitting I'm clueless on how to get into this field.

I want to learn from step one such as how to get enough money or how much should I have for rental properties or investments, I want to get into rent houses in my area, I live in Houston and with everything going on I know our market is thriving, I have some money and I'm expecting with this recession that pricing will drop and it will be an easier way to cash flow. I would love a step by step guide basically on how to get started and what choices others have made when going through their journey.  Any insight would be amazing. 

Thank you everyone !

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Kenneth Garrett
  • Investor
  • Florida Panhandle/Illinois
3,109
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Kenneth Garrett
  • Investor
  • Florida Panhandle/Illinois
Replied

@David Stubblefield

Step 1 is education. You need to educate yourself so you know what your options are and know how to execute your plan. Listen to podcast, read books, attend REIA events, meetups and anything else you can get your hands on. It takes time to learn this stuff. I spent my first year being a sponge and learning as much as I could. I own a number of rental properties and self manage them. Your first deal is always the most difficult. After the first one, the second one and more becomes much easier. Hang in there and educate yourself.

  • Kenneth Garrett
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