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Updated over 8 years ago on . Most recent reply

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Joseph Mosley
  • Investor
  • Long Beach, CA
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My cousin wants me to invest in property as a newbie!!

Joseph Mosley
  • Investor
  • Long Beach, CA
Posted
Hello, First off, it's great to be apart of the community. I'm really interested in buying and flipping real estate, possibly to get occupied by renters or to sell. My cousin, who is a property manager and a licensed real estate broker, has been showing me different properties that are very affordable and urging me to invest. He's given me the advice to get pre-approved from my bank so that I have something to leverage and negotiate a price with the seller. Buy it, fix it, and rent it. Honestly, I'm scared lol! I know he can guide me through the investment possibility but I want to reach out to the community to get some perspectives and advice from anyone who is willing. What are some things to look out for? What can I do to make sure I do this investment as successfully as possible? Any advice is welcomed, as long as it's positive and constructive :)

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Karen O.
  • NYC, NY
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Karen O.
  • NYC, NY
Replied

You don't say how long your cousin has been in the business.  If a newbie, then your apprehension may be warrantedf

If you don't you trust your cousin, find a REIA in your area to start networking.

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