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Updated over 7 years ago on . Most recent reply

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Kyle Bond
  • Niagara Falls, NY
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New to Investing - Not sure where or how to begin!

Kyle Bond
  • Niagara Falls, NY
Posted
Hello everyone! My name is Kyle! I am brand new, very brand new, investing. I am highly interested in real estate but I am having trouble deciding where to begin. It’s overwhelming with all of the information out there regarding the topic. I hope everyone is doing well and hope to form some friendships here! I currently live in Niagara Falls, NY. I am married with 3 kiddos (all dogs haha).

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Jordan Carnes
  • Rental Property Investor
  • Leesburg, VA
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Jordan Carnes
  • Rental Property Investor
  • Leesburg, VA
Replied

Welcome to Bigger Pockets @Kyle Bond!

As Steven Covey says in the 7 Habits of Highly Effective People, "begin with the end in mind." Think about why you want to invest in real estate. Are you wanting to retire early? Do you just want the financial freedom to do whatever you want? Or are you just bored? Establishing a "why" will help guide you as you learn about Real Estate Investing.

Next pick a strategy. You can buy single family homes and hold them for monthly cash flow. Or you could buy houses, renovate them, and then flip them for a profit. Pick something and try it. There are many other strategies out there, some of which can be found in the Ultimate Guide @Trexie E. mentioned.

One piece of advice I was given when starting out was to only learn as much as it takes to make the next move. Once you decide why you're doing it and what strategy you're going to use, start researching how to find your first deal. But don't keep reading and researching just to satisfy your curiosity. Don't let your education be an illusion of progress. Execution is the name of the game. You have to get your first deal under your belt.

Good luck on your journey!

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