Originally posted by @Nathan Faucett:
@Cameron Rockey Welcome!
I am very new to real estate investing as well - as in I am still looking for my first deal, so there are some people with more knowledge than me.
However, I would recommend a few things:
First, finish editing your profile. Add a picture so that people know who you are. If you have been listening to the podcasts, you'll come to realize that perception is everything in business. Tell people where you are from and what you are interested in doing. Which leads us to our next point.
Second, what is your niche in the real estate market? Do you want to be a cash partner in a deal? Do you want to wholesale? Do you want to fix and flip? Are you interested in commercial property, residential, land, multi-family, single family? There are a lot of different ways to get plugged into this market, but only you know what you want to do?
Third, assess if real estate is really for you. Do you want to do this because you hate your job? Or you think you are going to make more money this way? If so, you might want to think twice about real estate. It's just like anything else. If you make a million dollar a month doing it, but you hate every second of it, is it really worth it? I'm interested in real estate because I love finding and analyzing deal and helping people solve problems. Spending my time in an excel spreadsheet sounds like time well spent.
You can find more information about this in the Ultimate Beginners Guide to Real Estate Investing (https://www.biggerpockets.com/real-estate-investin...). From there, you should start reading books, learning from podcasts and forums, and attending local BiggerPockets and REIA meetings to network with other real estate investors in your area.
Hope that this is helpful to you! Good luck on your journey.
Nathan,
1.) Thanks for the tip on the profile! I didn't even realize that there was more to fill out (I was using the mobile app to post and it didn't show my profile stuff) I will for sure be updating that very soon.
2.) I think right now I am really interested in doing some fix and flips to get my feet wet in the process and turning them in to rentals if things don't work out budget wise. Long term though, I would like to get more into apartments and maybe even hotels. I figure those could use a bit more capital and unless I can find the private funding I am not sure those are the type of things I want to jump right into.
3.) So I really think real estate has a calling for me. I have bought and sold 3 houses already (ones that I lived in while I was on active duty) and during the time I owned each I was constantly doing my own renovations and looking for ways to improve them. Also, it drives my wife nuts, but I can spend all day going to houses that are for sale and walking them. I literally used to spend my weekends going to open houses just to get an idea of what some of them look like and then think of ways I would renovate them to make them better. I also think the main thing about my job that I don't like is the feeling of being restricted to someone else's schedule and their goals. I really want to be able to do my own thing and set my own schedule.
Hopefully that gives you some clarity on my ambitions and current thought process, and thanks for taking the time to respond to my post!
-Cameron
