Real Estate Notes

Getting Started in Real Estate

By Dan Auito

Congratulations on taking your first—or possibly your next—step in understanding real estate. With 15 years experience, a couple of real estate licenses, an appraiser’s certification, 18 properties of my own— bought, sold, or currently held—as well as a recently published book and website designed to further support your efforts, I am at least somewhat qualified to offer you a few suggestions on how you can get started.

Keep in mind that there are no get-rich-quick schemes, plans, or programs in real estate. Don’t be fooled or allow others to dupe or con you into believing they have the new, never-before-told program on how to quickly and easily make your first million in real estate by following their guaranteed, surefire methods of approach. If you have been fired up by a certain guru or investment seminar, then at least do yourself a favor and check them out before being led blindly down the path to the wolves den. Before you plunk down your hard-earned cash, go to http://www.johntreed.com/Reedgururating.html and do your research.

Additionally, if you’re just starting out and considering real estate as a profession or part-time job, then read what John Reed has to say at http://www.johntreed.com/beginner.html. As John’s links show, it is wise to begin your journey through using research of those who have been there before you and have superior knowledge in doing what you are about to do yourself. John emphasizes that you should read recommended books on the subject before you go out and spend hundreds or thousands of dollars buying some guru’s how-to packaged deal.

Education is your key to wealth in real estate. Here are some tips on getting started:

  • Read and listen to recommended books and tapes.
  • Attend a first-time homebuyer’s class or paid local college courses (i.e., appraisal).
  • Attend local investors’ and apartment owners’ association meetings in your area. Participate in online investment forums, chat groups, and bulletin boards.
  • Read local and national news; pay attention to articles, events, and the classifieds.
  • Pay attention to recommendations from people like John, above. Don’t allow yourself to be misled!

There is a lot of information on the web these days and a lot of misinformation to go along with it. You’re going to find yourself on the web looking for resources on a daily basis, so let me give you a list that has taken me two years to research and compile. Don’t let it overwhelm you. When you do go to the websites, check out their recommended links and their resources links, and view the site map; these are the most useful features of most websites.

Okay, here’s the list. Remember, you’ll be using this for research later; I am giving it to you now so you won’t worry about where you will go when you’re done with this report.

From: Strategies for Getting Started In Real Estate, by Dan Auito.
www.magicbullets.com

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