Question Get Over It : What is the best aproach to invest in real estate for learning ?
Resources would be greatly apreciated Best Answer:
his reply
thrasher415
The “best” solution to someone who is already there and would make you find your encadrer.A By default, there are many books on this subject. Just visit your local bookstore or library and get a reading.
know more? Leave your answer in the comments!
here is how I did it.
1) see an infomercial, buy the program, listen to it (I did carlton sheets)
2) set it on the shelf and let it collect dust while the seed of a dream had been planted
3) forget about it and go to school to get a good job
4)one day wake up and realize that I still want to do that
5) go to the book store and become an expert on the real estate book shelf, which means to read every back cover and pick at least 5 books on as wide of topics as interested in to buy or read in the store, then come back often to get another when I was still hungry for knowledge
6)get enough nerver to start looking at potential property and coming up with a plan to make money somehow (I chose rentals versus flipping but to each his own)
7)make offers that are in line with the plan and get one accepted (I only required a positive cash flow and was able to get one of my first 5 offers accepted, and we bought another one a few weeks later when the agent had a deal too good to pass up)
8)wonder why you didn’t start earlier and buy a couple houses every year.
I own 7 houses as rentals now and would highly recommend that you skip step 2 and 3 looking back on the last 3 years. Do step 1 for no other reason than to start believing in your own mind that you can do this. Also might want to join a real estate investing club for this reason.
good luck
since you wanted resources… here are 5 books I would suggest you give a look at, they are not ‘mandatory’ but they are 5 I read and would recommend if you are interested in each topic:
http://search.barnesandnoble.com/booksearch/isbnInquiry.asp?z=y&isbn=0071412913&itm=5
http://search.barnesandnoble.com/booksearch/isbnInquiry.asp?z=y&isbn=0446691844&itm=8
http://search.barnesandnoble.com/booksearch/isbnInquiry.asp?z=y&isbn=0793177561&itm=10
http://search.barnesandnoble.com/booksearch/isbninquiry.asp?z=y&pwb=1&ean=9780471453970
http://search.barnesandnoble.com/booksearch/isbnInquiry.asp?z=y&isbn=0071414339&itm=1