What is the best option for real estate investing for a novice to get started?
June 30, 2010 by MrAuthor
Filed under Real Estate
I am just starting out in real estate investments, and do plan to get a real estate sales license. I was wondering what would be the best route for the beginner.
The user above has the right idea. I actually work with mostly first time investors so if you need any assistance I can shoot you some different information. Renting out property is the best way to go as it generates immediate cash. I would skip the whole apprentice thing as its usually a really shitty gig.
Buy a duplex, live in half of it and rent out the other half and let them pay for your mortgage for you. Once you’ve built some equity in the property, borrow against it to purchase another property and move in there and rent out the other half of the duplex to help cover the cost of your next mortgage.
Find someone already in their field… offer to be their apprentice, help them with paper work etc. for a few months, see how they do things… then take what you’ve learned and try to improve upon it and start on your own.