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Updated about 6 years ago on . Most recent reply
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What are the first steps in investing in real estate?
My family has been investing in commercial real estate for as long as I can remember with a huge amount of success. I’m now wanting to get into the business as well. However, my grandparents are the ones who started it all and my father already had a lot of resources at his finger tips when he began. So I’m not really sure how to start on my own journey. I work full time and I have the ability to invest $24000 by 2020. But having money to invest and not knowing what to do with it is scary. I’ve worked hrs to save and I want to be wise with my first real estate purchase. Where do I begin?
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To echo the other already great answers, learning as much as you can will reduce that feeling of uncertainty you're feeling. There are so many facets to real estate investing. Find the avenues that catch your interest, and learn as much as you can about them. The BiggerPockets podcast taught me a lot when I was starting out. Reading Rich Dad Poor Dad really put my mind in the right place. Ask questions on the forum and don't be afraid to reach out to those who are finding success doing the things you want to do!
Best of luck to you.