Getting serious about investing in real estate

[Mariano Wahlmann]

All,

I've been lurking BP for a year now and I think there is ton of information here which, I admit, was overwhelming at the beginning. I'm looking to start doing my first deal and take real action.

As a long term objective I'm looking to build a healthy passive income so I can quit 9-to-5 job and do my own thing. I'm looking forward to building a team and get started and I'm sure I'll be in touch with a lot of you.

[Theresa Nicoletto]

Welcome Mariano,

Read The Millionaire Real Estate Investor. Go to your local REIA, network like crazy and eventually, you'll find someone that will take you under their wing. Figure out what they need...and what you can provide. Money or time... both valuable and if you share one with the right person, they may wil be willing to teach you the beginning steps of investing.

Go check out 100 properties and run them through the BP calculators and you'll get the fundamentals down. 

Listen to all the podcasts and you'll learn a lot of what you don't know (and be inspired!) But at some point, you gotta just do a deal. You're going to make mistakes... and it's fine. Just ask for lots of advice on here to minimize it as much as possible. 

Buy properties at 70% ARV and you'll have a nice cushion in case things go south.

Good luck!