Posted by HR on March 11, 2000 at 20:41:53:
Take time to educate yourself before you jump in. Rei can be a very profitably hobby and business, but you must know what you are doing. Read all the free stuff here, look at the national real estate investors webpage (www.nareia.com) and see if there is a local group in your area, and finally read some cheap, excellent books on rei. I strongly recommend Real Estate Investing, 2nd Edition by McLean and Eldred, second Edition ($15); the 5 magic paths to making a fortune in real estate by Lumley ($15); and Creating Wealth by robert Allen ($15). Once you know what you want to specialize in, buy a good course so you can hit the ground running. Rei is very profitable, but only for those who know what they are doing and run their business like a business. Most just dabble, make brief, unsuccessful efforts, and give up. Correction: most just investigate and never do a deal. Don’t be one of these, Rey. This can be profitable. Just don’t dive in before you know what you are doing, either.
Hope these titles help.