Real Estate Investing - Beginner notes
Real estate investing is a great way to build wealth and passive income. It is also a great way to lose a lot of money if you are not savvy to the risks and economics. Learning to structure your perspective for investing, and setting solid strategy and goals are what can help lead to successful ventures.
So, just how do you go about strategizing your investment perspective? There are numerous options and many ways for you to be successful. Following are some ideas that may help you to structure your own goals toward real estate investing.
Real Estate Appreciation
Multi-Family Units
Mobile and Trailer Home Parks
Short-term Rentals
Long-term Rentals
Flipping
Renting out a room in your home
Real estate offers many opportunities for financial growth. Each strategy has its own advantages and disadvantages. This is why it will be important for you to network and do your own research to decide which strategy is right for you. Below I share some resources that may help you get started toward structuring your personal perspective and journey into real estate investing.
Listen to Real Estate Podcasts (I highly recommend Bigger Pockets and Real Estate Rookie. Both offer a wealth of information related to strategies, goals, lending, and more. I found both on Spotify.)
Real Estate Websites (such as; Redfin, Zillow, Trulia)
Books (there are a plethora that are worth your time and effort)
Networking - Connect with people in the field in person to learn about investing, renovating, flipping, property management for short and long-term rentals and to learn about landlord-tenant laws in your county and state, and more.)
Take a class or seminar in real estate. Check out your local community college or arrange to meet with a realty company to inquire about course options.
*This blog is intended for informational and educational purposes only. This is not a blog related to advise for real estate, renovating, property management, tax, financial planning, or consultations. Please be sure to connect with experts near you for the most appropriate and updated information related to your area of interest for real estate investing.
