A Newbies perspective on learning real estate.

[Kenneth Abbott]

So here is how I've mapped out my learning and home work so far. Anything else you guys see missing that should be investigated? 

The Real Estate Investment Map Out :

*Generating Leads :

Direct Mail, cold calling, online advertisement,
Driving for Dollars, For sale by owner, distressed houses / vacant.
Foreclosure Searches, Preforeclosure searches, liens on real estate,
out of state home owners, inherited houses.

*Creating a Network / Team -
Network with real estate agents, other investors, contractors.
Potential whole sales listing, partnerships.

*Determine Type of Investment :

Flip, House Rental / Apartment Units, Whole Sale, House Hack.

*Comps :

Computing rehab coasts ( Consult with General Contractor ),
Determine AMV ( After Market Value ), second opinions,
inspections, appraiser, insurance, attorneys, escrow, other.
Understanding the market and economy. Banking on the future,
safety net, minimizing risk.

*Types of Lending :

Hard Money Lender, Private Lender, Bank Loan,
Crowd Funding, Owner Financed, Other. Are you prequalified?

*Making The Offer :
Owner Financing options, 3 5 10 15 30 year fixed rate? ,
section 2 / lease to buy option, down payments, earnest money.
Buying pitch.

*Closing The Deal :
Escrow, Attorneys, Potential Liens, CC&R's Covenants Conditions & Restrictions,
Zoning, Closing coasts, Transferring Utilities, Current Tenants / Eviction Notices,
Title Agents.