Hey All,
I am new to this website and deans course work.I am in the process of reading his first book.
One concern i had was, all the properties listed here in the bay area start around 150-200K. i am a little scared to start buying them. at least the first one.
which type of properties should i focus on in waht price range to start with...
ANy suggestions..
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AJ...a couple of real estate investor clubs in your area are Bay Area Wealth Builders and Capital City Wealth Builders. Poke around on their websites and go to a couple of meetings and you will get a feel for what is working in your area. Great places to network and ask questions and learn. Some areas of California can be pretty pricey markets...same principles apply, just with more zeros. But I can understand your apprehension. Just take it a step at a time. You might want to get your feet wet by bird dogging and then concentrate more on finding the deals and wholesaling/assigning them to rehabbers, or exploring lease-options or just straight options. You don't have to buy the property to make money, you just have to control it. Don't be afraid of buying one until you have one to consider buying. Being afraid to buy one will only keep you sitting on the fence and you won't be looking for deals. Make some contacts, build a buyers list, and find a deal you can pass on to them. Think control, not ownership.