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Updated over 4 years ago on . Most recent reply

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Lawrence Cersosimo
  • Pittsburgh, PA
6
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Tips and tricks most people don’t know when buying RE

Lawrence Cersosimo
  • Pittsburgh, PA
Posted

I’m 19, soon to be getting into the game. What are some tips and tricks that you all have to help things go smoother or get the most out of your money and investments.

For example: Going to Home Depot early to find the best and most dedicated contractors.

Thanks everyone

Most Popular Reply

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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
7,585
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

@Lawrence Cersosimo all of the contractors know that old advice so the ones there are 6 a.m. aren't the ones you want. Those are gimmick tricks that don't count on deep research and relationship-building. I wouldn't characterize anything good in RE investing as a trick, but tips - sure.

1. See 25-50 houses in person before you make an offer on anything. To do that you will either need to get your license or have a good friend agent who also invests so it's not a waste of their time.

2. Stop using calculators until you see homes in person. The numbers mean nothing until you know what they mean and look like in real life and in your market area.

3. Be patient. There is no rush to land your first large investment. The more your rush, the more you miss things along the way.

4. Build relationships and offer value. What special set of skills or knowledge or hustle do you bring to the table that can help someone else, so they, in turn, might help you.

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