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Updated almost 9 years ago on . Most recent reply

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Jayzon Miller
  • San Bernardino, CA
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Where do I begin

Jayzon Miller
  • San Bernardino, CA
Posted

Hello my name is Jay and I am new to the real estate business and I was wondering where do I begin? As I don't really have that much money to put down on a house, but would really love to get in this industry. What would be my best avenue to take?

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Priscilla Z.
  • Rental Property Investor
  • Palm Bay, FL
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Priscilla Z.
  • Rental Property Investor
  • Palm Bay, FL
Replied

@Jayzon Miller @Steven Washington Begin by investing in the best piece of asset that you own that you were GIVEN at birth....your MIND. Learn as much as you possibly can, and then take massive action.  Don't just learn learn learn and get analysis paralysis and also don't take action without knowing what you are doing.  There's a beautiful balance between the two.  Learn, then take action.

And, choose one strategy and stick to it.  If you don't have a lot of money to put down on a house, learn about subject to's, or find owners who are willing to do owner financing with a little down payment.  If you want to build capital, consider wholesaling, which has the least risk and it's the one you need the least money for, but will require more of your time and energy.

Above all, don't give up.  This business does NOT come easy, there is a lot of psychology behind it and your state of mind will have a lot to do with your success.

Read as much as you can about the strategy you choose here on Biggerpockets and make sure to ask questions, we are always happy to help!  

Good luck to you both!

@Steven Washington

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