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Updated over 7 years ago on . Most recent reply

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9
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2
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Blake C.
  • Concord, NC
2
Votes |
9
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Advice for a complete newbie?

Blake C.
  • Concord, NC
Posted

Hey everyone, my name is Blake and I have been interested in investing in real estate for a few years now.  Although I have been looking at houses and apartments for sale for years, I only recently got serious about learning everything about the business over the passed few months.  I've been reading books and watching videos about real estate investing trying to learn as much as possible to help me get my first rental property and I just joined bigger pockets yesterday after finding out about all of the resources it has.  My question would just be for any experienced investor: What advice would you give me, being a young college student just learning about the business and trying to get started?

Most Popular Reply

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168
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194
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Tamiel Kenney
  • Investor
  • Dallas, TX
194
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168
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Tamiel Kenney
  • Investor
  • Dallas, TX
Replied

@Blake C.  Hi Blake!  We started investing when fresh out of college.  Now we are buying/syndicating Large Commercial Apartments.   @Antoine Martel is absolutely correct in that there are so many niches within Real Estate Investing.  You need to decide which niche you like and want to move forward with.  (Single Family - Wholesaling, fix & flip, buy & hold; Multifamily Residential - 2-4 units; Multifamily Commercial - 5 units+; Commercial - Strip Malls, Warehouses, etc; Land; Mobile Home Parks; Assisted Living, etc)

Once you decide on your niche, learn as much as you can by books, podcasts, articles, and conferences that focus on that niche.

If you have not heard about The Real Estate Guys...you should check them out.  They have 2-3 events a year and have speakers that specialize in several of the main niches. Their podcast and newsletters are filled with great info.

Bigger Pockets will also have lots of good resources on many of these niches!  I believe I saw that one of the Bigger Pockets books is perfect for helping you to learn about many of the different niches out there.

Hope this helps!

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