Every market is different & every strategy works. Some strategies are just harder in certain areas, so find out whats working better in your area.
If you want to get there faster:
1. You need to study & network with successful investors in your area.
2. Pick one strategy/Niche & stick to it. Become an expert in that arena or You'll catch yourself jumping strategy to strategy & never really allowing yourself to become an expert in that field.
So That's how you figure it out.
Study your butt off & hang out with successful people.
I recommend that you read DG's book "Be A Real Estate Millionaire" where he explains about the different markets, and what strategies to use. Then read "Profit from Real Estate Right Now" where he explains using some of his successful students' stories; then read his newest book "30 Days to Real Estate Cash" - this book you can read in a very short time; it goes step by step on how to successfully do wholesaling.
Becoming a successful investor takes hard work; you have to be 100% committed; read and participate on this site-you will find great support here.
Learning and progressing every day,
Valerie
__________________
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
Every strategy can be applied in todays market and every market in the future. Some strategies work better in certain areas and less in others.
You should be more worried about what you need out of real estate and what can make you the most money, profit, happy, etc.
If you are strapped for cash you probally want to start in wholesaling and flipping. I've heard it many times that one should build up their cash reserves up to 200,000 before jumping into holding properties. That number may be a little high, but I can personally say that rentals can become very stressful if there isn't enough of a cash cushion.
If you don't have and means of finding hard or private money you may need to start in wholesaling or lease options.
Above all I recommend you self-educate work hard and it'll all come into place.
I agree with Mike....every house has a story. The more tools in your pouch, the more problems you can fix. If you post a bandit sign that says "I buy houses. Any Price Any Condition." you can get a wholesale ugly house, you could get a probate property. you could get someone moving who would do a lease option, someone who just wants out and will sign the deed over, etc. That's not to say you shouldn't have a particular strategy you develop as your niche, but the more lines you put in the water, the more fish you can catch.
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Every market is different & every strategy works. Some strategies are just harder in certain areas, so find out whats working better in your area.
If you want to get there faster:
1. You need to study & network with successful investors in your area.
2. Pick one strategy/Niche & stick to it. Become an expert in that arena or You'll catch yourself jumping strategy to strategy & never really allowing yourself to become an expert in that field.
So That's how you figure it out.
Study your butt off & hang out with successful people.
Please fill in your profile so others can see where your from etc.
http://www.deangraziosi.com/real-estate-forums/everything-else/36710/new...
Jason S.
San Diego, CA.
**All CASH House Buyer!**
Refer Us To Neighbors, Friends & Family, Earn $1,000
LIKE my FB page http://www.facebook.com/JandBHouseSolutions
I recommend that you read DG's book "Be A Real Estate Millionaire" where he explains about the different markets, and what strategies to use. Then read "Profit from Real Estate Right Now" where he explains using some of his successful students' stories; then read his newest book "30 Days to Real Estate Cash" - this book you can read in a very short time; it goes step by step on how to successfully do wholesaling.
Becoming a successful investor takes hard work; you have to be 100% committed; read and participate on this site-you will find great support here.
Learning and progressing every day,
Valerie
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
Every strategy can be applied in todays market and every market in the future. Some strategies work better in certain areas and less in others.
You should be more worried about what you need out of real estate and what can make you the most money, profit, happy, etc.
If you are strapped for cash you probally want to start in wholesaling and flipping. I've heard it many times that one should build up their cash reserves up to 200,000 before jumping into holding properties. That number may be a little high, but I can personally say that rentals can become very stressful if there isn't enough of a cash cushion.
If you don't have and means of finding hard or private money you may need to start in wholesaling or lease options.
Above all I recommend you self-educate work hard and it'll all come into place.
Good luck
Learn the cycles that Dean points out and then use the strategy for the cycle.
Not all deals are the same and you need to focus on the problems of the seller and the property
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
I agree with Mike....every house has a story. The more tools in your pouch, the more problems you can fix. If you post a bandit sign that says "I buy houses. Any Price Any Condition." you can get a wholesale ugly house, you could get a probate property. you could get someone moving who would do a lease option, someone who just wants out and will sign the deed over, etc. That's not to say you shouldn't have a particular strategy you develop as your niche, but the more lines you put in the water, the more fish you can catch.