This is the place to drop-by and learn how to get started with investing in Real Estate. I will be updating the links and books, etc. on a regular basis, so stop by often. I will also add articles to help you learn to get on the fast track!
Ways to Invest in Real Estate
Any market is a good time to invest!
Here are links that give an overview of the many ways to make money in Real Estate Investing (REI)...
- General Overview of Strategies
- A great overview by Wikipedia
- Wholesaling
- Buy low, sell low! Sell to other investors for quick cash and no closings!
- Retail (Rehab & Renovation)
- This is what most people think of as 'flipping'. Buy low, fix, sell high! Read articles from Rehab Wiz, Kevin Myers.
- Landlording
- Buy & Hold is guaranteed to make you wealthy - if you can handle the tenants!
- Buying Discounted Notes
- Real Estate paper is a no-hassle way to invest in houses!
- Lease Options
- This combo strategy (landlording and retailing) is a good intermediary strategy for making both short and long-term money.
Dealmaker Toolbox
Stuff You Should Always Have with you
When talking to homeowners and checking out a potential deal - these items will make it easy to get your job done.
- Tools:
- Flashlight
- Notebook and Pen
- Camera!
- Calculator
- Voice Recorder
Forms:
- Inspection Checklist
- Purchase Contract
- Purchase Option
- Subject To CYA Form
- Credit Authorization Form
- plus, Property Specific Info (tax records, comps, etc.)
Read These to Get Started
I have read every book I recommend here - no garbage, just the good stuff!
The Pre-Foreclosure Property Investor's Kit: How to Make M Buying Distressed Real Estate -- Before the Public Auction
Amazon Price: $16.47 (as of 10/11/2008)
Start Small, Profit Big in Real Estate: Fixer Jay's 2-Year Plan for Building Wealth - Starting from Scratch
Amazon Price: $13.57 (as of 10/11/2008)
Investing in Real Estate, 5th Edition
Amazon Price: $13.57 (as of 10/11/2008)
The Weekend Millionaire's Secrets to Investing in Real Estate: How to Become Wealthy in Your Spare Time
Amazon Price: $10.17 (as of 10/11/2008)
The No-Nonsense Real Estate Investor's Kit: How You Can Double Your Income By Investing in Real Estate on a Part-Time Basis
Amazon Price: $13.57 (as of 10/11/2008)
Making Big Money Investing in Real Estate: Without Tenants, Banks, or Rehab Projects
Amazon Price: $12.89 (as of 10/11/2008)
Landlording: A Handy Manual for Scrupulous Landlords and Landladies Who Do It Themselves (Landlording)
Amazon Price: $21.69 (as of 10/11/2008)
Buy It, Fix It, Sell It: Profit!
Amazon Price: (as of 10/11/2008)
The Best REI Links!
- Creative Real Estate Online
- One of the best sites online - great articles and forums!
- REI Newbie
- A blog about the trials and tribulations of a new real estate investor. Good advice, tips, and on occasion...what NOT to do.
- Real Estate Investing Fast Track Course
- Only $9.99 (via Paypal) this course has tons of info!
5 Information Packed eBooks to Get You Started in Real Estate Investing or Take Your Business to the Next Level! (+ a Bonus!) - Real Estate Investing .com
- More great articles on how to get started + some great products and trianing kits.
- Landlord's Web
- Everything about Landlording and Buy & Hold
- Mr. Landlord
- "The" landlord guru Jeffrey Taylor
- Total Real Estate Solutions
- Articles, resources, and property listings.
- More General REI Resources
- Various forums, articles, and resources online.
Where to Market Your House for Free
Best FSBO Sites!
OK - You've rehabbed it, or are tired of managing it, or just need to sell your property now! You have decided to go the FSBO route...
Where are the best places to advertise? The 4 best places IMHO are not free but are relatively cheap (compared to newspaper and MLS) and they are
eBay Real Estate($150 gets you 30 days)
craigslist (about $10)
owners.com ($29.95 until sold)
Yahoo Real Estate ($35 - $55 for 30 days)
But here are some Free Ad listing sites. Some are Real Estate specific, others are multi-category:
AdPost.com
Domesticsale.com
Emongoo.com
Forsalebyownercenter.com
getitsellit.com
Geebo.com
Google Base
Hoobly
ListSomething
LiveDeal.com
local2local.org
PlugStar
sellstufflocal.com
TribeNet (any location available)
WellcomeMat
Where are the best places to advertise? The 4 best places IMHO are not free but are relatively cheap (compared to newspaper and MLS) and they are
eBay Real Estate($150 gets you 30 days)
craigslist (about $10)
owners.com ($29.95 until sold)
Yahoo Real Estate ($35 - $55 for 30 days)
But here are some Free Ad listing sites. Some are Real Estate specific, others are multi-category:
AdPost.com
Domesticsale.com
Emongoo.com
Forsalebyownercenter.com
getitsellit.com
Geebo.com
Google Base
Hoobly
ListSomething
LiveDeal.com
local2local.org
PlugStar
sellstufflocal.com
TribeNet (any location available)
WellcomeMat
REI Newbie Blog
Hints, tips, and tribulations from a new real estate investor...
Fetching RSS feed... please stand byGet Real REI
Real Estate Investing podcast
Fetching RSS feed... please stand byReal Estate Investing Items on eBay
Some of the better products
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Del.icio.us REI Bookmarks
- Renting Makes More Financial Sense Than Homeownership - Yahoo! Real Estate
- Real Estate Valuations, Homes for Sale, Free Real Estate Information | Zillow Real Estate
- Trulia - Real Estate, Homes For Sale, Sold Properties, Real Estate Maps
- Michael Lewis' Mansion - Portfolio.com
- Is 190 Bowery the Greatest Real-Estate Coup of All Time? -- New York Magazine
