New Investor looking for help!!!

[Ray Isham]

Hi everybody, I'm ready to jump into real estate I just have no idea what I'm doing or what it is I should be looking for. I have a little bit of money saved up and I've done a small amount of research my self but I have no clue how to start or what steps to take first is there anyone that can give me advice or a sense of direction. I'm interested in buy and hold, flipping, and a little bit of wholesaling. 

[Dan Travieso]

Welcome to the game Ray. Like anything the first step is education. Biggerpockets can help with that. I strongly recommend you listen to the podcasts and perhaps purchase a few of the books from the bookstore. Also recommend you attend some networking events. There are many different ways to invest in real estate and you need to identify one specific area to start. Do some research to figure out which area most appeals to you. Good luck.

[Account Closed]

@Ray Isham, @Dan Travieso's post is definitely a solid one to consider & is what I typically recommend as well to most first timers. Connecting with people within your local area will be an awesome start by going to those networking events, talking & building relationships with them in order to lean on when you officially buy & start operating. You got some solid techniques/strategies your considering, since wholesaling & flipping is more better suited for short term cash, while buy & hold's are more for long term wealth building. 

Some key people to try & connect with would be at least 5 of each (that are hopefully investors themselves): Realtor's, wholesalers, property managers, contractors, vendors, & lenders. I'd make it a goal to connect with these people sooner than later, which can be easy to do at most REI networking events, meetups or your local REIA.

Creating some more goals will be detrimental too in order to get your first deal! There's a lot you can consider, so the more you learn will help!

[Kelly K.]

Hi y'all, 

My name is Kell from Cali. I'm currently new to REI. After listening to several podcasts from Real Estate Rookie, led me here.

Anyways, I'm looking to invest in a small multifamily property (2-4 units) to house hack for long term buy & hold. I'd like a fixer-upper. I want to move quickly, so I don't lose momentum and get stuck in the analysis paralysis. I've already spoken to a real estate agent and he connected me to a lender. I got good vibes from both. One question I was asked by the lender is how much are we willing to put down and pay for a property. I did not know how to answer. What that told me is I should start looking at properties. I've already looked through Redfin, Realtor.com, and Zillow. Preferably I'd like to start in my current place of residence due to my kids schooling in South Bay. Nothing in my price range. I guess I'm stuck at finding deals. This weekend I'm going to drive around to look for deals. Any advice from experienced RE investors? Am I getting way over my head? Is there a step-by-step process of finding that 1st deal? I'm highly motivated but just stuck. 😔 Thank you in advance.

[Scott Johnson]

Quote from @Ray Isham:

Hi everybody, I'm ready to jump into real estate I just have no idea what I'm doing or what it is I should be looking for. I have a little bit of money saved up and I've done a small amount of research my self but I have no clue how to start or what steps to take first is there anyone that can give me advice or a sense of direction. I'm interested in buy and hold, flipping, and a little bit of wholesaling. 

 It all starts with education, @Ray Isham. Meet up with some real estate professionals in your area and offer to work for free. Could be a wholesaler, flipper, buy and hold investor, etc. The Ultimate Guide To Wholesaling by Thann Merrill is a good place to start. Then move on to The Millionair Real Estate Investor. 

[Silvio DoCarmo]

What @Dan Travieso said! :)

[Jordan Fiore]

Connecting with an investor friendly agent in the areas you are targeting is very crucial. They can help with referring you other contacts that can help guide you as well (Property Manager, Contractors, etc.). Continue the education on your end of things (Podcasts, books, articles, etc.) Once you do all of these, you will be more confident on where to start!