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Updated about 5 years ago on . Most recent reply
Whats the best way to get started in property invesment?
I have no real experience in property invesment but have been researching it for a few months now as I am very interested in getting into it. The most obvious route is going with a duplex by applying for an FHA loan but for this it seems a tad difficult wage wise. What is advice you would give to someone who is not well off already and good routes to take to get started?
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#2 Land & New Construction Contributor
- Developer
- Charlottesville, VA
Originally posted by @Cole Druffel:
I have no real experience in property invesment but have been researching it for a few months now as I am very interested in getting into it. The most obvious route is going with a duplex by applying for an FHA loan but for this it seems a tad difficult wage wise. What is advice you would give to someone who is not well off already and good routes to take to get started?
It all starts with education. You need to learn your niche and your market. Immerse yourself and become an expert in the space. For your particular situation you need to study creative financing and private lending. Learn how to use other people’s money.