How can I get started in the Rental Property investment?

[Ivan Gonzalez]

Hello, 

My name is Ivan R. Gonzalez and I would like to know more about being able to lease properties. I unfortunately do not have experience in buying or selling properties, however, I have been doing my fair share of reading and learning the basic concepts and understanding the process of real estate investment. I am currently a teacher and a soccer coach that is slowly saving up money. By june 2019 I will have saved about $6,000 to  invest in my first property. I have some skills in regards to repair and manual labor, as well as, a various network of people that can help in fixing or maintaining the property

My questions are: Where can I go or who can I contact in order to start buying and leasing properties? How does the whole process work? Is there somebody I can go to in order to create an air b&b? any books that you would recommend? do I need to have to a real estate license? Any recommendations of where I can look and start from? 

[Account Closed]

Hey Ivan,

You can try the MLS, Wholesalers, For Sale by Owner, Loopnet,  or finding the deal yourself. As as far as short term rentals go, it's best that you analyze the are first and see if it would make sense as a short term/corporate rental.  You do not need a license to invest and here's a list of great books!

Rich Dad Poor Dad, Millionaire Real Estate Investor, Multi- Family Millions (Dave Lindahl), ABC’s of Real Estate Investing, The Book on Rental Property Investing, Hold, The Advanced Guide to Real Estate Investing, The Due Diligence Handbook for Commercial Real Estate, Millionaire Real Estate Agent, The Book on Managing Rental Properties (Brandon Turner), The Emyth Revistited

Crushing It in Apartments and Commercial Real Estate, Emerging Real Estate Markets ,The ABC’s of Property Management, Wheelbarrow Profits, The One Thing, Outliers, Start with Why, David and Goliath, Chasing Excellence, Extreme Ownership, The Compound Effect, The Entrepreneur Roller Coaster, Be Obsessed or Be Average, The 10x Rule, The Obstacle is the Way, Ego is the Enemy, Am I Being Too Subtle, 48 Laws of Power, Atlas Shrugged, Man’s Search For Meaning, Sapiens, Tools of Titans, Four Hour Work Week.

-I will say educate yourself as much as you can for the first couple of months and then go out and take action!