[thumbsupanim]I want a no holds barred no bull<edited> beginners helping hand start in understanding the basics of real estate investing before i go further and read anything else CAN ANYONE HELP ME with this?
Where do I start?
please tell me
Welcome to the world of property investing.
There is no Get-Rich-Pill you can take, but you will need a strong desire to succeed. To be successful in property you really do need a good system in place, so my advice would be to follow our 7 step process.
Step 1 Set your financial goals
Step 2 Prepare a budget
Step 3 Set an investment strategy
Step 4 Build your team
Step 5 Start researching
Step 6 Prepare a Feasibility study
Step 7 Negotiate the deal and repeat!……..Oh and keep reading, knowledge is power!
Best wishes,
AmandaBS
http://www.propertydivas.com.au
FREE online Property Resources“It is better to be inconspicuously wealthy, than to be ostentatiously poor…”
[suave3] Thank you for your reply and I have had a quick look at the fast track 2 DVD site and about to check out your site as well but once again ,I feel i need the basics to start with:–
!) understanding the basic principles of real estate
2) understanding real estate lulls and highs property cycles
3) being able to read the market and understand whether I am buying in at a high or low in property prices?etc etc then from there I will be able to start reading all these posts and the other good stuff,,,,,I have read Steve Knights 0-130 properties book btu they are all strategies books not basic introductions books that is where I am at now and I feel positive about starting at the beginnign and having a solid base understanding before continuing.
Many thanks
Hi, Ibis
When I started learning about RE investing, I bought the Australian Property Investor Mag and went down to the local community library and looked at their RE investing section.
Many of the available RE investing books in a community library talk about the basics of RE investing as well as intermediate RE topics.
My advice is to start reading lots and after a 2 – 3 months, you will start to understand the basics and more. Of course, continue to check out this forum!
All the best.
Regards
Daniel Lee [specs]Hi Ibis69
I think the important thing is to start SOMEWHER, ANYWHERE – and then you will see what it is that you know, and learn what you don’t know, and then realise there’s a whole lot more that you didn’t even know that you don’t know.
However, what I’ve found is that I’ve been able to move forward and make corrections as I go, once I got started.
A great beginners resource (that I found) are Steve McKnight’s books.
Best of luck, and enjoy the journey.
Crown[cowboy2]
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