New real estate investor advice

[Elizabeth Pratt]

Hello Bpfamily,

Im looking to get some advice. I am a new investor trying to get started. Currently I own a single family home which I reside in. I would like to either purchase a multi family home or buy another single family and BRRRR it or maybe just flip it. As you can see, im not sure where to start. I currently live in Ma about hour south of Boston.
any advise helps. I am just an average Jane trying to get my foot in the door. 

[Dan Cioaca]

Real estate is the largest asset class on the planet and thus there limitless options for how to invest. It's too broad a category for anyone to master comprehensively, so you need to pick a specific focus area and then become an expert in that niche. Since you're just getting started, probably the most important thing is to get educated. BP is a great place for that, so definitely read the getting started guides and there are multiple books from BP and elsewhere that walk you through the good and bad aspects of the various options to help you decide what works best for you. 

I think this book is one of the best walk-throughs new investors on how to build and execute on a strategy: https://www.amazon.com/Book-Re...

If you read through the table of contents, it's basically a recipe book for figuring out how you want to pursue real estate investing: (i) define goals; (ii) assemble and get buy-in from your team; (iii) choosing a business strategy/niche; (iv) picking a location; (v) finding deals; (vi) closing deals; (vii) financing; (viii) managing properties; (ix) exit strategies.

Good luck, and remember that persistence is probably the most important single attribute in this business, so stick with it.