Investing Advice
 Posted: Thu Jun 14, 2007 11:07 am |
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| mimosa |
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| Joined: 14 Jun 2007 |
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| Hi everybody. If anybody could point me to the right direction it will be greatly appreciated. I'm a 20 year old male who is interested in REI. I have the startup money, but i'm wondering what should I do to start? I've studied and read books. I have some knowledge, but now i want to get into action. |
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Investing advice
| Posted: Sat Jul 07, 2007 9:18 am |
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| Myfriends |
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| Joined: 06 Jul 2007 |
| Posts: 1 |
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| Partner up with a mentor from your local real estate investors club.Not some one month a deal person unless that's all you aspire to be.If you want to be more find out who the big dogs are and be the gopher and learn while doing a few deals yourself on the side then eventually branch out on your own. |
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Investing advice
| Posted: Sat Jul 07, 2007 9:20 am |
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| Nikou |
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| Joined: 06 Jul 2007 |
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"The first thing you need to do is to understand very well the market, neighborhoods and the property type you will be investing in, their idiosyncrasies, current situation, and dynamics that is where prices and rents are headed (up or down) - if you are going to be investing in what I call ""bargain"" properties you need a mentor experienced in this type of investing (I am not one of those) because you will encounter many details turns and situations that are not described by books...
Best of luck, " |
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Re: Investing advice
| Posted: Fri Nov 30, 2007 8:08 am |
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| slaedhere |
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| Joined: 30 Nov 2007 |
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| Nikou wrote: | "The first thing you need to do is to understand very well the market, neighborhoods and the property type you will be investing in, their idiosyncrasies, current situation, and dynamics that is where prices and rents are headed (up or down) - if you are going to be investing in what I call ""bargain"" properties you need a mentor experienced in this type of investing (I am not one of those) because you will encounter many details turns and situations that are not described by books
Best of luck, " |
I agree with that! The status of the market economy should be properly analyze well because it will affect on the investment you'll pursue. |
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Investing Advice
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