Newbie Deal

[Vish S.]

Hi all,

I am  newbie in Real estate investment. I am wondering how can I go about looking for my first deal in/around my area. Basically, I am thinking  to start with multi-family home investment or for newbie this is not the multi-family home right area?

Whom should I approach? can I use website like zillow, redfin etc? 

I am planning to join local REI group. Any one from Irving or Dallas Area?

Any input would be great to get me started...

[Trevor Ewen]

@Vish S.

I would write down your goals and really try to quantify what you want to accomplish for your first deal. Some of the options are: short-term income, long-term income, flips, wholesaling.

Within those categories are sub categories like: single-family, multi-family, vacation rentals, and many more.

Once you have the goal in mind it changes your whole perspective, you can talk to everyone you meet about it, and they will be your lifeline for finding deals, etc. 

REIs are great, Redfin/Zillow etc. are nice for analysis, but they are not likely to be where the deals are. Focus on people and undervalued sources of information, these are where you are likely to find the diamonds in the rough.