5 Steps To Getting Started In Real Estate

How to invest in real estate for beginners: this is one of the best investments with one of the top overall returns. Here's how. Enjoy! 🔥 Personal Finance Course & Investing Programs (Soon) https://profmichaelcurran.com🚨 Use Coupon Code🤠MICHAEL🤠🚨🔥These are educational courses; past performance does not guarantee future results.

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Real estate is one of the oldest asset classes to invest in. But how can you get started?

First, you'll want to start saving money and building up a treasure or war chest. High-yield savings, insured up to $250k, provide pretty decent returns for short-term savings. See bankrate.com for the latest interest rates. TIPS and Series I bonds (see treasurydirect.gov) will beat inflation and so are good places to save if you plan on using the money in the near future. If you have more tolerance for risk you may want to consider other bonds and even equity index funds or ETFs. Although bonds are often useful for saving money in the medium term (between 1 and 5 years), equity index funds like total stock market funds are usually the vehicle of choice for when you can leave them grow for at least 5 years.

Second, for most regular real estate investors, it's important to start building credit as soon as possible. Some examples include keeping your oldest cards open, reducing your utilization rate (the amount of credit you use relative to the amount of credit you have available), asking for a maximum credit increase every six months, diversifying your credit types, paying on the statement date rather than the due date, annually checking annualcreditreport.com and fixing issues if you spot them there, etc. See the video for more tips.

Third, start by opening your mind up to the possibilities, but then focus and pick a niche (type of real estate) and monetization strategy (how to make money from that type of real estate). See the video for more.

Fourth, real estate is about people, so build a team. You can start with a lender and a buyer's agent as your primary circle and then build out your secondary circle (specific contractors and vendors). Treat them like family. Your network is your net worth.

Fifth, research the area where you plan on investing. This can be done in-person or online, but combining both can lead to the greatest results. See the video for more.

00:00 Intro
00:47 Step 1: Build War Chest
05:13 Step 2: Build Credit
15:40 Step 3: Niche & Monetization
20:18 Step 4: Build Team
22:33 Step 5: Research Area

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