Originally posted by Scott Hubbard:
Real Estate investing is really about building a team. I would recommend you do the following: First, concentrate on finding an investing style that best fits your objectives and resources. For instance, if your short capital and long in construction experience, then find a local rehab investors to team up with. Ask them which types pf properties they look for and where. Then, look for local distressed properties that fits the bill.
Whichever investing style you decide on, become an expert and participate in every aspect of your deals. You learn a lot more about the nuances if you participate in the entire process.
So, evaluate your strenghts and weaknesses. Where your weak, you can partner with someone who is strong. I realize this is over simplification, but you'll find that you cannot do this by yourself. It is super-critical for you to network and build a team of agents, attorneys, investors, and lenders.
:clap:
Great advice.
