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Updated over 4 years ago on . Most recent reply

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Devonair Cook
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Getting started in real estate

Devonair Cook
Posted

Hey everyone, Im happy to be apart of the community! I been reading a lot of books on real estate, books like how to invest in real estate and investing in real estate with no money down. I really want to start investing in real estate to have financial freedom. I just graduated for college with a bachelor degree in civil engineering, realizing I don't want to do this for the rest of my life. So now I know I want to find multi-family homes in my area, buy them and rent them out. Im located in the Pittsburgh area. How should I start?

Thank you

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Karen Margrave
  • Realtor, General Contractor, and Developer
  • Redding, CA & Bend OR
4,161
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7,626
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Karen Margrave
  • Realtor, General Contractor, and Developer
  • Redding, CA & Bend OR
ModeratorReplied

I agree with @Ned Carey The biggest thing you can do for yourself is get to KNOW your market. What is it like? Are rents high and climbing or low? Are there a lot or few units on the market. What do you get for your money? Are they old units or new units? Are there a lot of homes for sale? If the housing market is tight, that usually means the rental market on apartmetns is getting top dollar, etc. 

When looking at units look at location, age, quality of construction, finishes used. Get to know pricing and what you get for your investment dollar. 

I would also suggest you put your city on your profile, that way when people are responding they might be able to give you information that is specific to your market. 

  • Karen Margrave

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