I just want to get started as a Real Estate Investor but I'm struggling

[Simone Trice]

Hi Friends, 

I stumbled across this platform while reading a book about getting started with Real Estate Investing. I'm looking to learn, build relationships, as I begin this journey. I just want to get started and I find myself overwhelmed, and a bit nervous as I'm doing this based on what I've read in books or watched on YT also just scrolling on Zillow or other similar apps, I get discouraged as I feel Ive missed all the good deals (if that makes any sense).  I could use a community of individuals who have been in my shoes and could share any helpful information. I think I want to start with a house flip or rental property

[Michael Dumler]

@Simone Trice, if don't know where to start, then I highly advise that you house hack your first deal. Read, "The House Hacking Strategy" by Craig Curelop to understand the concept of the investment strategy. For learning practical steps towards acquiring your first house hack deal, attend local meet-ups to connect with those who know/understand the market and what works (agents, lenders, contractors, other investors, etc.). Chances are you'll run into someone who has house hacked before who will be more than happy to share their experiences. If you're currently renting, then exploring house hack deals should be a must for you. 

To further note, you have NOT "missed the good deals" or " missed the bull market to invest." I've had conversations with individuals who didn't buy in 2016/17/18/19 because they believed the market had reached its top. Needless to say, they missed out form the crazy post covid appreciation we experienced. While it's true that current market conditions are not as favorable towards investments, there are still deals out there. Moreover, while it can be debated, your first property is not going to be a home run deal. The first deal is more important to help you learn and kickstart your portfolio than the actual investment performance. Hopefully, this makes sense. 

Best of luck! Feel free to reach out if you have any additional questions.