In the video above Brandon from BiggerPockets.com is going to show you the 7 steps anyone will need to know and take in order to get started in real estate. Perhaps, you were sitting around one day wondering to yourself ‘What am I doing with my life?’ and “real estate” happened to pop into your mind as a solid and potential business opportunity for you to start building some assets to your name.
So how do you actually get started in Real Estate?
As Brandon states, there are 7 Major Steps to getting started in Real Estate.
The truth however is that real estate investing is huge deal and it can be extremely easy to get overwhelmed by everything you will have to do and know in order to get started.
Because of this, this makes Step 1…
Step #1 Building Your Real Estate Education
The fact of the matter is that, no matter what you do or try to do you are going to have an extremely hard time doing it, if you don’t have the proper and necessary education to get started. As with any endeavor, the first step should always be building and gaining an education in whatever area it is you want to progress in. It’s no different when it comes to real estate.
You will need to understand the market, what you are able to invest, how to get started investing, who to network with, what going rates are for houses, licences you will need to acquire in order to be certified, what kind of credibility will make you more trustworthy, etc.
Some of the simplest ways you can get the right education includes:
- And more…
Or you can go to websites like Biggerpockets.com and get all the education you could on there for FREE.
Step #2 Choosing Your Niche and the Strategy You’re Going to Use
Your niche is the kind of real estate market you want to get into. There are several different ways to make money in real estate and they are all different “Niches” like ‘real estate investing’ for example, single-family, multi-family and even commercial.
The ‘strategy’ is the method you are going to employ to generate leads, get clients, and overall make money and run your business.
You could get into…
- Buying out right and Holding onto
Knowing these two things, will comprise the working force behind your business and will be responsible for everything that gets done in the line of work you choose.