Lux Investing

What do I need to know to start my real estate investing?

I would like to watch some DVD's on how to start real estate investing. What to buy, How to buy, Etc... I need a recomendation for a good DVD.

Public Comments

  1. attend a REAL ESTATe investing bootcamp[
  2. July 24, 2008 To become an investor takes a lot of knowlege. There are a lot of materials and great books on how to invest in real estate. The first place that I would go is your local REICA website. Here is an example: http://finance.groups.yahoo.com/group/REICA/ There are different chapters in every city. You can buy an annual membership and attend the meetings. This will expose you to tons of professionals in your area. The second thing is to meet and get a mentor that has been in the business for at least 10 - 20 years. I personally have 2 mentors that I talk to about deals that I may not have done before. My thoughts are that 3 heads are better than one. If you can't find a mentor then hire a consultant. I personally do consulting to people wanting to get into the industry. Good Luck and Let me know if I can help in the future. Thank You, LeRoy Nellis II CEO / Nellis Investments, LLC http://NellisInvestments.com http://LeRoyNellis.com
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  4. I would try to learn all I can about real estate investing before spending a lot of money. Since it is a large field of study, you should try to define what are you want to work in. Some investors deal in residential and some in commercial properties. Some go to government auctions while others just comb the newspapers and keep their ears open for opportunities. You will want to keep abreast of prices and interest rates. They change often. Learning to evaluate the value of a property is essential. What pitfalls do you avoid? Many websites offer manuals and videos that will help you. And, you can invest a little money in real estate investing software too. That will help manage your business and automate many of the tasks.
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