How to Finance & Build 10K/month Cash Flow from Rentals!

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How to Finance & Build 10K/month Cash Flow from Rentals!

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10 Tips to Start out in Real Estate

Starting out in real estate can be very difficult for beginners. There are a lot of unknowns and comfort barriers that must be overcome not to mention the time it takes. Here are 10 tips to jump start your real estate investing career.

1. Learn - Read every book, article and forum you can. Some boot camps, seminars, webinars, etc are very informative but can be costly. Also become active in online forums.

2. Join REI Clubs and Groups - Join your local REI Club, networking groups and online groups. Network like crazy and make contacts with experienced people who Do.

3. Find a Mentor - Always always always have a mentor and other experts in the area look over your deals. They will help you avoid mistakes and if you found a home run deal, you will build a lot of credibility.

4. Pick a strategy to master - Pick one strategy and master it, do not spread yourself too thin on 5-10 different strategies and never put in the effort it takes to find the first great deal using one strategy.

5. Partner – It is never a bad idea to partner with an expert who has experience. You can avoid costly mistakes and learn a ton which you can utilize in future deals.

6. Build Systems and a Team - Find quality experts, align your goals, build efficient and effective systems and duplicate over and over.

7. Slow Down – Greed often gets the best of people and they go too fast and get in over their head. Pace yourself and do not take unnecessary risks.

8. Build reserves - Always keep some reserves on hand for each deal in case of surprises.

9. Generate Private Money Investors – Buying with cash and quick has so many advantages, Private investors allow you to be extremely creative and fund great deals that conventional financing will not allow.

10. Analyze –Critique–Improve – Look at what you know, your strategy, partners, systems, team, financing and reserves. Analyze, critique and come up with solutions to improve every aspect of your business. Continuous Improvement.

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This entry was posted in Beginner's Advice, Expert Advice, Ryan's Blog, Tips & Standards, Uncategorized. Bookmark the permalink.

7 Responses to 10 Tips to Start out in Real Estate

  1. Nunzio says:

    Thank you it is easy to spread to thin and try to capture all of the markets. I find myself trying to hard to do everything and accomplish nothing.

  2. Angelica says:

    Thanks so much for the information…. very helpful…would you mind expanding a bit more in area such as generating private investors…..thanks again

  3. Ryan Moeller says:

    Thanks Angelica,

    I wrote some articles on generating private money, you can find those on my blog. You can also download some guides on raising private money from my website.

  4. Hi All,

    We will back real estate transactions with cash. There are some restrictions on how we can use our funds but we will train interested investors on our process. Please contact us for details.

  5. John Glover says:

    nice points Ryan, I look forward to you doing post on each specific topic and breaking them down into more detail.

    Also I would like to have the opportunity to be a guest on your blog and post a article.

  6. Beney says:

    AcQuity Investments,

    Looks like your domain registration has expired.

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