Most Ideal Niche for Someone New to Investing in Real Estate

[Zachary L Weathers]

Greetings community! This is my first post and I am very new to the world of real estate investing but also extremely excited and committed to achieving success here. I have been tirelessly taking in all that I can to increase my rates of success from the jump. The question I have is what are your suggestions on the most ideal niche for someone in my position, given the minimal experience I have. Interested in investing with lower amounts to begin my portfolio. Thank you, and grateful for this community!

[Account Closed]

@Zachary Gwin Welcome to BP! To find your niche, I'd fully jump into an area that appeals to you and run with it for awhile. This can be done by working for free as @Deep Johal mentioned or putting some of you own money into something and learn from experience. 

Also, some of my favorite resources that have helped me:

If you haven’t already listened to the podcasts I’d start there.

Podcasts

Episode 108 - Grant Cardone... Just listen…

Episode 283 Paul Thompson - Quite a new episode but I would think everyone would agree this is a top episode. Mainly, the systems implemented are fascinating (VA, automated offers, etc.) Plus...escape velocity...

Episode 113 – Jay Papasan - Very practical slow and steady advice

Episode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k

Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.

Amanda Han

Brandon Hall

Tax Reform Update – Brandon Hall and Amanda Han

Linda Weygant

Guides

Ultimate Beginners Guide

Forum Stickies

BP Calculators or spreadsheets uploaded by members

My Favorite Books

I have to say all of the BP books…right? :)

The Millionaire Next Door

The Millionaire Real Estate Investor

What Every Investor Needs to Know About Cash Flow

Hope this information can give you a good start. Feel free to reach out with any questions.