Not worth it!?!

[Daniel Coley O'Grady]

As a newbie, I was excited about the prospect of getting into real estate investing. I have several hundred thousand to invest, but I am simply not finding any worthwhile deals after looking at hundreds of potential deals in various cities. 

Why would I invest in deals with a 4-6% ROI that will cash flow a couple hundred a month (if I'm lucky) and go through the trouble/risk of property ownership when I can get similar returns from other completely passive investments with practically 0 risk?

Pretty bummed out!

[Joel Bongco]

@Daniel Coley O'Grady -   Hi Daniel, as a newbie, you want to crawl --> walk --> run --> sprint -->fly.  Start with crawling first which means start with the basics:

1. Find a trustworthy local real estate investor in your own backyard - you can find them here on BiggerPockets or your local REIA.

2. Don't use your own money -- start with bird/dogging or wholesaling to get your feet wet.  Get some reps in.  Its a high risk business.... however, its a high reward business as well if you play your cards right. 

3. There are some great mentorship programs out there.  However,  do your homework.   You can burn a lot of $$ here and close ZERO deals.  It's like gym membership, just because you have it -- it won't turn into Arnold Schwarzenegger if you don't do the work.

4. Focus on Distressed Properties which is what we do in Hawaii which is a really tough market to do REI -- however, we make up our margin on forced equity to cash flow properties.

Don't give up just yet.  As we say, "opportunities are not found, they are created".

DM me if you have questions.  Aloha!