I Need Some Tips & Tricks

[King Dada]

Hello, My Name Is Damahri, I’m 17 Years Old, I’m Getting Into Real Estate With My Older Brother, First Can We Get A Little Important Information You Think We Should Know Before Buying A Property Or Taking Any Sort Of Action, Some Tips You Got As Well.

[Antonio Cucciniello]

@King Dada As someone from NYC real estate might seem impossible or a very far away goal. Do not worry its possible.

Here are the steps I recommend you follow.

1. Have a strategy - What kind of investing? What kind of properties? If you know what strategy you are going for you reduce a lot of the thoughts you had about switching between fixing and flipping vs buy and hold. Instead you can master the formulas behind each one

2. Pick a Location Based on Data: You need to pick a location, not based on emotions or feelings like "Newark seems like a great place to invest." Instead, you should really take a look at the factors and data points that matter (crime rate, schooling, price to rent ratio etc). Picking one here will reduce the overwhelm and the choice fatigue you will have by looking at bunch of different properties in different markets, where the numbers are all different! Also it will make you compete with people that have more money than you, more information than you, more experience and a team full of people working with you. Instead you need to pool all your focus into one bucket, one market, one town.

3. Choose a Financing Strategy, Get a Pre-approval: Learning about the different financing strategies, speak to a lender, get a pre-approved. You need this to prove you are actually capable buying a house, so no sense in looking at any properties until you do this

4. Analyze Deals and Make Offers: Once you have gotten to the point where you approved to buy, the next thing to do is master the skill of analyzing deals. This is the most important skill (in my opinion). Analyze a deal everyday. Analyze every property that comes on your market. This way you can learn which ones work and which ones don't. Talk about the numbers with other investors in your market to get a good feel if you are in the right direction. Once you find one where the numbers work initially, go look at it, and be ready to put an offer in.

This is my 4 step process I teach, if you have any questions, feel free to ask!