Posted by Mike-BC on December 10, 2000 at 13:42:24:
Further to RR Smith’s comments, there are a wide variety of opportunities in real estate investing. If you are good with people and administrivia, then buying properties to hold and rent might be the preferred course of action. If you are good with numbers and are comfortable with legal documents, then perhaps flipping properties and lease/optioning properties will be your fortee. If you are a skilled handyman, then rehabbing properties might be more appropriate. These are just three of many opp’s out there.
Whatever you choose, there is material available to help you through. Go to your public library and see what they have in circulation. Many if not all of the gurus have their websites, check them out.
Posted by Adrian on December 09, 2000 at 20:29:25:
I am interested in starting to invest in single family homes and townhomes. I have read about several programs that can be followed. Has anyone followed a specific program that was very helpful to begin their investing?
Posted by RR Smith on December 10, 2000 at 12:52:37:
Just got done with The Fifth Disciple (field book) by peter Siege, (audio book on CD), an engineering / manufacturing kind of book. The implications for RE investors (and JOB holders) are improving on and go with your strengths (NOT your non-talents and repairing your weakness).
How do you know your talents? Get out in the field and do the work, was what you tried extremely hard? Maybe you want to NOT flip for your first deal…maybe you want to attack some other avenue. Do all the course work and book list and go with whatever would seem to have the greatest success ratio (for YOUR talents and environment) just out of the gate (like race horses).