New investor

[Heather Rapp]

Hi everyone,

I'm curious about deals as a new investor. I need to build a buyers list for sure, but what kinds of properties are "good deals" when starting out? Are some types better than others or is it all just about analzying deal or no deal for any listing (ie mls, hud, reo, short sale, fsbos, etc)

Thank you fellow real estate knowledge instillers :-D

[Bill Gulley]

Heather Rapp, IMO, when starting out you should not be building your "team" with people you have to train. You should be connecting with people who know more than your do and allow them to train you.

I suggest you learn real estate, whcih comes from reading and asking questions, and not a guru program or strategy. After you know how contracts are made and written (in your area) how to finance a deal, what the laws and customs are in your state and how deals are closed, then you can look at strategies. Otherwise, you'll be walking down the street passing up deals with blinders on as you won't see the other opportunities.

I don't know how wealthy you are or what your credit might be like, but regarddless of these two issues, you'll have a much better chance of doing one deal at a time. Don't try to run a marathon if you can't run a mile or a hundred yards.

To succeed in anything, you surround yourself with smarter people than you are, not people you have to train, especially in the beginning. Good luck....