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Updated over 8 years ago on . Most recent reply

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Jevon Murrey
  • White Plains, NY
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We're to start

Jevon Murrey
  • White Plains, NY
Posted
Right now I'm on the verge of investing in some Kind of real estate. I have know experience what's so over,but however ,I'm really interested in getting into the bigger picture of life and becoming my own boss in some type of business venture.my ultimate to goal is to invest in real estate with money I have been saving does anyone think I can start with 30,000 dollars and make it happen were I don't lose money in my first investment. Any ideas on how to start my fist project ?

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Trent Kruessel
  • Real Estate Professional
  • Salisbury, MO
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Trent Kruessel
  • Real Estate Professional
  • Salisbury, MO
Replied

@Jevon Murrey

This probably isn't the answer you are wanting but it's the best advice I've received -- RESEARCH!

Listen to every podcast you can about real estate:  BiggerPockets PodcastAskBP PodcastMichael Quarles Real Estate ShowRich Dad Radio, and the million others.

Use this website:  You've already started by writing this post.  There are so many people on BiggerPockets that have so many deals, lessons, tips, and stories about every aspect of real estate you can think of.  My first stop for any advice or question about real estate is always BiggerPockets.

Read books about real estate, finance, and business (here are some of my favorites):

  • The Ultimate Beginner's Guide to Real Estate Investing by Josh Dorkin & Brandon Turner (just what it says it is and it's free)
  • The ABCs of Real Estate Investing by Ken McElroy (good for learning about analysis and multi-family properties)
  • Trump Strategies for Real Estate Investing by George Ross (negotiating and strategic relationship building)
  • What Every Real Estate Investor Needs to Know about Cash Flow by Frank Gallinelli (great for analysis)
  • Cashflow Quadrant by Robert Kiyosaki (investor mindset)

A more interactive step, after starting your research of course, is to drive or walk in the area you want to invest in (your niche, which the Ultimate Beginner's Guide can help you define).  You will learn a lot from just talking to the neighbors or businessmen in the area.

Another interactive step is to just tell everyone you know that you are buying houses (or commercial properties, or whatever it is that you decide you want to invest in).  Word of mouth is still the most powerful marketing tool in my opinion.

Good luck,

Trent

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