Newbies everywhere

[Tim Hall]

So i just want to break real estate down into easy manageable bite sized pieces.

I like to be uncomplicated and straight to the point unlike these guys selling books and $2000 seminars.

I always start with an exit strategy, what is my end game. Do I want to wholesale the property, fix and flip or buy and hold.  In real estate you need find properties that are lower than the market will bear. So for example you find a house that in your mind and backed up by what has sold  is worth $100 and it is available for $50. 

You then analyze the property to see if it's in fact a deal.  Take into account what the repairs will cost and how much it will cost to hold the property with money you borrow. This will give you the the highest dollar amount that you can offer.

Once you've decided that it is in fact a deal then you take control of that property.

Once you've got it under your control then you put your exit strategy into motion.

Ok that's it.