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Best way to learn about real estate investing?

Discussion in 'BBS Hangout' started by Icehouse, Nov 21, 2005.

  1. Icehouse

    Icehouse Contributing Member

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    I know there are classes around Houston that allow you to get a license, learn about the investing portion, etc. Is that the best option, or do these classes just give you a general overview? Are there great books out there that are beneficial? Etc....
     
  2. OldManBernie

    OldManBernie Old Fogey

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    You should watch the local TV stations at 2 or 3 in the morning. They have plenty of shows talking about how easy it is to make money investing in real estate. :D
     
  3. bigtexxx

    bigtexxx Contributing Member

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    If you have to ask....
     
  4. KingCheetah

    KingCheetah Contributing Member

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    Just get out there and start buying property ~~> classes :rolleyes:
     
  5. macalu

    macalu Contributing Member

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    yep, it's that easy. :rolleyes:
     
  6. codell

    codell Contributing Member

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    Fine a mentor if you can.

    Reading about it can help you get started, but having mentor there really helps you avoid the mistakes that first time real estate investors often make.
     
  7. pariah

    pariah Contributing Member

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    Yes, classes aren't too bad of an idea.

    As it turns out there really is no "Golden Gate Bridge" so, I'm sad to say, no longer own my portion of it.

    I bought a beachfront beach house in Galveston 18 months ago and have 100% appreciation on my beach house. Power of prayer, boys, power of prayer. And I'm really kind of an idiot, but it works.
     
  8. Icehouse

    Icehouse Contributing Member

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    Thanks folks...
     
  9. KingCheetah

    KingCheetah Contributing Member

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    Just remember this gem and you'll do just fine...

    "Buy land they ain't making it no more."
     
  10. Mr. Brightside

    Mr. Brightside Contributing Member

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    Near Dubai, they are.
     
  11. A-Train

    A-Train Contributing Member

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    Just watch Property Ladder on TLC and do exactly the opposite of what they do
     
  12. thadeus

    thadeus Contributing Member

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    Hold a real estate investor at gunpoint and demand he tells you everything he knows.
     
  13. F.D. Khan

    F.D. Khan Contributing Member

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    Make a realization like when my hairstylist started giving me stock tips that we are in a nationally inflated market and that its at the point that everyone thinks they can make money in real estate.

    Don't get me wrong, there are truly profits to be made at all times and from all markets, but the profit margins are lower now and the prices are higher. So if you don't have experience and a reasonably deep pocket, its best to sit on the sidelines and learn from the experience.

    The houston housing market is actually much more attractive than the east and west coast as well as the manuf. cities like Detroit and Cleveland where unemployment grows. But its a niche market, and with building materials like cement, wood and steel going up in price, there is not that much room for error for rookies.
     

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