New Investor scares and questions

[Nigel Boles]

Hello Everyone,

My name is Nigel and I'm new to the real estate scene. I live in Denver Colorado, where I'm trying to start my business. I'm trying to switch career fields from IT (where i am a IT systems Analyst) to Real Estate Investor. I've focused my niche on Student housing, rent to own, Whole sailing, flipping, Single - duplex-triplex renting using an online portal; maybe Yardi.

I was IT support with Yardi and I know all the bad's with it..

Since i'm new you're probably thinking I'm alittle scared and confused about starting in Real estate...

Well you're right!

I have been studying hard to change my career, from watching the entire BP free introduction to Real estate, reading the beginners guide, many youtube videos, writing my own business plan (Im pretty good at that.) and then some!

But I still have some questions I can't seem to find a definite answer on... 

1. Is it "okay" to have debt in your Real estate empire? - I understand that you'll be paying it off over time, but what i'm afraid of is having Multiple properties that are generating cash flow but still have 500K+ in debt for the next 30 years.
2. Closing is still new and confusing to me.. I'll probably go with a Agent.. Because I dont know the best way that works out for me! What would you recommend?
3. Any tips or anything to look out for with Title companies when closing?

I'm still expanding my knowledge on these subject matters, but these questions are holding me back... So any help will be appreciated!

Thanks for your time and hope you have a great day!

[Natalia Collini]

Have you read Rich Dad, Poor Dad by Robert Kiyosaki? If not, I would highly recommend it. He is a big advocate of "good debt" which is debt that you use to leverage yourself into a higher position. When used properly debt can be a great tool to help achieve your real estate goals faster. The trick is not to over-leverage yourself into a place where you could get in trouble if the market takes a tumble. 

Hope that can help you a little with your first question!