May
21
Written by:
host
Wednesday, May 21, 2008 2:32 PM
We are excited to provide this information to you. I often get asked the question, How do I get started in real estate investing? In June 2005, we purchased our first property. It was a townhouse in Goose Creek. We negotiated with a For Sale By Owner and we got a pretty good deal. We used money from the HELOC on our primary residence. We read books on property management and we spoke with an attorney about the contracts. We sold the property a year later for $20,000 more. A few months after purchasing our first investment Sherlonda became a licensed Realtor. Six months following Sherlonda, Randy became a licensed Realtor as well. Real Estate investing is exciting and worth while if you have guidance from a Realtor, Attorney, Mortgage Broker, Contractors .... We have a network of people that we work with in real estate. If you want to get started in real estate investing, give us a call because we can give you guidance on the market, the real estate process and access to our network of professionals.
Tips to get started.
1. Start building your network with a Realtor, Attorney, Contractor, Mortgage Broker.... Go to the local REIA meetings. Investor club meetings.
2. Read online sites like www.creonline.com or www.reiclub.com.
3. Read all books on Real Estate Investing that you can.
4. Go to auctions.
5. Take Action.
Happy Investing!!!