New Investor in Real Estate

[Tarn Peralto]

Interested in building a Real Estate business.

Initially working in the Cape Coral area of Florida.

Looking at starting with "Joe Crumps push button system" as a CRM.

Welcome all advice as a newbie.

[Seth Nadreau]

That's not a method I'm familiar with, and a quick google search brought me to many MANY pages where they tried to sell me the system without really explaining to me what the system is. I'm ALWAYS weary of real estate investor systems and seminars because the truth is, if these programs worked 100%, then no one would have time to sell them, they'd be making all their money in real estate and not in sales.

The simplest way for new investors to make it in real estate is to either buy and flip or buy and hold. Cape Coral is in a great spot right now for investors with not one single property listed in MLS for rent under $1,000 (that's a buy and hold!) and buyers willing to spend more on updated homes (that's a buy and flip).

If you're licensed as an agent, the profit increases as you can handle much of the workload yourself and cut the expenses of selling. If you're not licensed, you can likely still cut some of the expenses by working an agreement with your realtor to receive full commission on the purchase of the property and a reduced fee on the flip (since your agent would get 2 commissions on one property, it's not unreasonable to ask them to take a small reduction on the back end of each one. 

Regardless, welcome to the investor market!