Newbies & Apartment Investing

[Ronald Gladden]

Looking for thoughts on whether newbies should should be seeking to enter REI starting with multi-family/apartments?

[John Fortes]

We all have to start somewhere. Here are some tips. 

1. Educate yourself! This is going to be what you do for the rest of your life as you constantly tweak and insert what you learned into action.

2. Analyze as many deals as possible. Keep reviewing and learning how to spot a good deal from a bad deal.

3. Connect with like minded people.

4. Talk about real estate! Be vocal and intentional with your conversations. You never know who is interested and needs help. Since you have educated yourself and analyzed deals, great chance to partner with a money partner on that front.

5. Raise money for your own deals.

6. Find deals for others. Also known as bird dogging.

7. Invest in someone else's deal or syndication. Learn from the process and get involved someway, somehow. This allows you to earn while you learn by investing passively in their deal.

8. Find a mentor and volunteer to help them for free. Add value to someone else for free education and building a friendship/relationship.

9. Write a blog, start a podcast, start a YouTube channel, or do all 3.

10. Be active on your social media platforms and create your own brand.

These are not step by step processes. Just guidelines to help you get to your end goal. 1, 2, and 3 are crucial but everything else tackle it in your own way and process. Just do it. Hope this helps, good luck, and God bless!