call a banker. best 1st step for new users on site that have done one or none re transactions?

[Kirk R.]

many new bp members i have seen ask questions about getting started. then they ask about some kind of off the beaten path re.   like i was thinking about developing the re under overpasses and getting it zoned section 8.  anyone else doing this? (sposed to be humorous example.)   then new bp person starts looking for mentor. 

my feeling is first step aka take action should  be call a banker find out if they can get qualified leaning toward owner occupied.   any thoughts? 

[Nathan Emmert]

My personal feeling is the harder you make your first deal, the less likely you are ever to do A first deal.

I think a lot of people would be best off just trying to hit a single and get their feet wet.  They can look to continually improve their position and buying from there.

Ignore no money down... 30% CoC returns, $100/door, 2% rule... blah blah blah... buy a flip that makes a profit... buy a rental that cash flows after 50% expenses... then develop more advanced strategies to improve in the future.

Step 1 in real estate investing is to ACTUALLY invest in real estate... Step 2 is to NOT screw up so badly you can no longer invest in real estate!