Re: How do I get started? - Posted by Jenny D (NC)
Posted by Jenny D (NC) on April 28, 2000 at 01:44:22:
I believe anything is possible if you put your mind to it Christine. You will be able to do the things you want to do in real estate investing once you have the knowledge. The best place to get the knowledge?, I’m not sure because like you I just got started myself. I am doing the C.S. course, reading some books, and looking at this website everyday to aquire this knowledge. I like one book in particular, The Unofficial Guide to Real Estate Investing, by Martin Stone and Spencer Strauss. And I looovvveee this web site!!! Not long ago my husband and I decided to look for our first home. Once we began calling realtors and looking at homes ,we realized we had no clue as to what we were doing. We knew nothing about the areas we were looking in. Nothing about fair market value, nothing about buyers brokers, nothin’ about nothin’. Thank God, we did not buy a house at that time. We probably would have made a seller a real good deal by paying way to much on a property. All we knew was that we had an emotional need for a property, and we almost let our emotional need get the best of us. Now I know that when we do buy our home we will know what to look for. And I also know that when we buy our investment properties they will be good money making choices instead of burdens. I think you are doing a wonderful thing by wanting to get started in rei. I also want you to know that I find it very admireable that you want to teach your daughter as well by having her manage properties. Our parents are both real estate investors. My husband comes from a long line of rei’s, and they have’nt taught us a thing about it. I look forward to teaching my children one day. Anyway, back to my point, try a course, read some books, visit this website and put your knowledge to the test by purchasing some property. That is how I am going to start. AND BY THE WAY TO YOU EXPERIENCED INVESTORS THANKS FOR YOUR ARTICLES. EACH OF THEM HAS TAUGHT ME VALUABLE THINGS. P.S. please excuse spelling and grammar mistakes I’v been up all night with my semi-new baby girl.