If you have decided to start a career as a real estate investor, there are certainly some steps before you close your first deal. While some are predicting what will happen next in the real estate market, one thing that is for sure is that people are buying houses at a rapid pace and if you have a passion for it, you can make an excellent life for yourself in real estate. Here are the 4 resources to jump-start your career in real estate and why you should also join a real estate investors association.
- Books – Books are perhaps the best place to start when it comes to investing. The only problem with Books is that there are so many that it becomes hard to figure out which books are legitimate, and which ones are just “real estate guru” books designed to upsell you later. When choosing a book, make sure you do your due diligence to ensure that the person has personally invested and have a track record of success in real estate.
Whether you are wanting to wholesale, rehab/flip, buy and hold or get started as a conventional agent, chances are, there are 100’s of books that can teach you the basics! Brian Trippe, the founder of the Alabama Real Estate Investors Association recently launched his book “The 10 Commandments of Wholesaling” if you are interested in getting started investing!
- Blogs – Have a question about a specific topic in real estate? Blog posts can be more focused and tend to relate to certain aspects of real estate. Looking for the best ways to winterize a home? The best ways to find a great title company? Or any niche real estate topic, there is probably a blog about it! Every week at the Alabama Real Estate Investors Association, we post a new blog about the market conditions or some area of real estate.
- Mentors – A mentor should be number 1 on this list because the most valuable asset you can have is the experience. In this industry, there is never a cookie cutter answer for any situation and most situations will depend on multiple factors. If you can connect with someone that understands that and they are willing to mentor you, you will save a lot of money and learn from situations as you begin investing.
Where is the best place to find a mentor? If you want to find a local mentor that can help you, the best place to look is at a real estate investors association where you will meet investors that know the industry.
- Podcast – If you are busy and in your car most of the day, consider a real estate investors podcast. The hardest part of investing can be mental. It is easy to lose track of your goals when things get hard, or a seller tells you know. The best way to combat that is to listen to positive, educational audio. If you are wondering which one to listen to? We like our Alareia.com podcast pretty well!
