New Here?

Getting Started in Real Estate Investing

Getting Started in Real Estate Investing?

Getting started in real estate is hard. It can be tough to know exactly where to start when you are a brand new real estate investor.

Do you feel like you are missing pieces of the puzzle? It can really be confusing!

The amount of information available is overwhelming and there are so many different strategies. Which one should I choose?  What should I do first? This section was created just for you!

 

Investing Strategies – How Do You Decide?

One of the most common questions I hear is, “how can I get started if I don't have a lot of money?”

The answer to that question is by wholesaling houses. Wholesaling houses can be difficult to understand when you are just getting started, but it’s a strategy where there is little risk, you don’t need a lot of cash and your credit (good or bad) doesn’t matter. You will find a lot of information on wholesaling houses here.

If you want to build long term wealth, then you will want to buy and hold rental property; most likely, single family homes. I have provided a lot of information on choosing a strategy as well as the different strategies themselves in the getting started category. My advice to you is to choose a strategy that excites you. And don’t be afraid to change course along the way!

 

Finding Success

There is one thing that I know for sure, and that is all successful real estate investors are life long learners. They read books, attend seminars and listen to webinars often when other folks are watching TV. You see, success is a choice and it takes commitment; commitment to do what needs to be done even when you would rather be doing something else.

I have a favorite quote taped to my computer monitor and it goes something like this:

If you're willing to do what most people won't do for a few years, you can have what most people won't have for the rest of your life.” 

I think this quote pretty much sums up what most successful people have chosen to do. Make no mistake, it's a choice and it may not be the easiest or most convenient.

Spend some time checking out our “Getting Started” category. It's there specifically for the new real estate investor. Among the topics you will find are:

  • The #1 Newbie Mistake
  • Making Offers
  • How to Choose the Right Investing Strategy (a video and an article)
  • Setting Up Your Property Files
  • Tips for Buying Single Family Homes
  • Insider Tips for Buying Investment Property

These are just a few of the articles you will find in our getting started category. I have provided a direct link to those articles below. If there's something you would like to see in this section, just let me know in the comments section.

Be sure to take a look at the resources I have for you below. I can promise you that you can shave years off your learning curve with the right resources at your disposal.

 

Resources Just For You

  • OnCarrot Websites  Having an online presence is no longer optional.  If you want to be considered a real business, you need a website.  It gives you credibility.  It makes people trust you. It also is a great lead generation too. Oncarrot Websites are among the best on the market, and they are the ones I use in my business.  They work well and they are affordable too.  You can check out one of my sites by clicking here. 
  • Cash Buyer Ninja. If you have gotten that first deal under contract, this resource can save you a lot of headaches (not to mention stress). Cash Buyer Ninja is one of the best resources I have come across for quickly learning how to build a cash buyer's list. I love this program.

 

 

 

Disclosure: I have used all of these programs myself and I highly recommend them.  Because I love them so much, I am an affiliate for all of them. Your results may be different from mine.

35 thoughts on “New Here?

  1. Melodee Lucido says:

    Hi Sharon,

    I hope you will get this; sounds like you are hugely busy. I have had good success when I have used direct mail but it sounds like you have some great marketing pieces. I liked you comment about the vague yellow letters that get the phn ringing with time wasters.

    Do you have samples of your marketing pieces that I could purchase? That would be a great product to offer here on your site. I like to market with directness and integrity—-for them and me.

    I look forward to hearing from you. Thank you for your contributions to investors everywhere : >

    Blessings & huge success,
    Melodee

    • Melodee – There are some free forms in the right sidebar, and one of them is a probate letter. It’s under the subscribe pen. I am currently reworking an absentee owner postcard, so I don’t want to send you the one I am using. I have an absentee owner letter that I can send you a sample of tomorrow.

  2. Johnny says:

    Very good write-up. I definitely love this website. Keep it up!

  3. Pam Holland says:

    Hi Sharon, I’m learning a lot from your comments on BP. My question is I’m going through my local public notices looking for probate, marriage dissolution and delinquent tax properties. I’m then looking these owners up individually on the county appraiser web site. This is all very tedious and I’m wondering if there is a faster way to do this? Is this similar to what would be provided to me if I used a listing service? I’m just starting out and do not have much in the way of funds to work with so I’m trying to save money. Thanks for your reply.
    Pam Holland

    • Pam – We get probates out of the newspaper here. And yes, you have to look them up on the tax assessor’s site one by one. But it’s just a process. You can’t work probates without determining if there is actually property. If you don’t have a lot of cash (which most people don’t when they are starting out) then you have to use your time. I would only pick one niche at a time to build your list. Don’t do a little probate, a little divorce etc. Pick one and build that one then add another niche.

  4. Mich says:

    These are very awesome tips. Truly helpful for starters like us who wanted to dig deeper in the real estate world. Thank you Sharon!

  5. Lukman Nulhakiem says:

    The guide is interesting especially for me, someone that is new to real estate world. Now, I am collecting enough funds to buy my first real estate. I hope my first purchase will find success.

  6. Jenn says:

    I think those guides are exactly what I need. My husband and I want to get into real estate. We just didn’t know how to get started, and feel like there are a lot of things we need to know before we start looking at properties. Thank you!

  7. Jesse says:

    Hey Sharon, Do you recommend a good title company or attorney in Louisville. Thank you

  8. jesse says:

    I’m sorry, I just meant a double closing in which the buyer funds the money for the B side to go to the A side. I only ask because i heard most closing attorneys wont do it.

  9. Anthony says:

    Sharon, I am sort of new to wholesaling. I’ve been listening to real estate flipping and wholesaling podcasts for a year and a half and while there were hurdles before in my personal life, I’m am now embarking on this real estate journey. I knew to go to your website and advice first because you are an expert. I am most interested right now in creating a marketing campaign to probates and absentee owners, setting up a script and getting MLS access to comp properties. Thanks for your generosity in sharing your knowledge. I’m going straight to some interviews you’ve had and narrowing my focus so I’ll have quality leads when they come in. I Look forward to wholesaling!

  10. Kevin says:

    Great article!

  11. MK says:

    Hi Sharon,

    I just found you on YouTube and I really enjoy your videos. I have a question regarding probate investing. When sending out a direct mail campaign, how soon after the filing do you make the initial contact?

    Thanks,
    MK

  12. Anuj Agarwal says:

    Hi Sharon,

    My name is Anuj Agarwal. I’m Founder of Feedspot.

    I would like to personally congratulate you as your Louisville Gals Real Estate Blog has been selected by our panelist as one of the Top 100 Property Investment Blogs on the web.

    http://blog.feedspot.com/property_investment_blogs/

    I personally give you a high-five and want to thank you for your contribution to this world. This is the most comprehensive list of Top 100 Property Investment Blogs on the internet and I’m honored to have you as part of this!

    Also, you have the honor of displaying the badge on your blog.

    Best,
    Anuj

  13. Douglas says:

    I watched the YouTube on building list on ListSource but have a question. In the video your list showed Mail Address Complete. Is that the right selection?

    Thanks

    Doug

  14. I am just getting into probate marketing in Cleveland OH. I have been doing MLS investing for 8 years and now rent 7 properties and have flipped 3 in this time, so I am small. I work full time as an engineer.

    I see you do a lot of probate marketing. I have been reading Bigger Pockets on the subject today and have taken a couple of the $100 short online courses on the topic. I have started an LLC, made a Facebook page and am making a Website to add credibility to my probate business.

    I would love some tips in on this as I am always looking to learn. In the last month, I have mined my county probate records and am finding about 5 to 8 properties per week. I have sent all of them a professional looking letter on white paper with my business name “Legacy Home Solutions”. Thus far I have sent out about 40 letters. No responses yet. I see you recommended sending letters until the property is sold or they say don’t send any more letters.

    I have a few questions for you.

    1. How frequently do you send repeat letters?
    2. Do you send the exact same letter each time?
    3 Do you include a color marketing brochure?
    4. Do you do any marketing or at least lead generation with a webpage? Do you recommend doing this?
    5. Do you recommend anything like color letters, postcards, etc.?

    Any other tips would be great.

    Thanks

  15. garv says:

    I really like your blog, Nice information about ” Real Estate Investing”.

  16. Tia Neal says:

    Thank you so much for this blog and information. I am located here in Louisville and been looking for some local site for help, guidance,and mentorship. Appreciate you!

  17. Nathan Hall says:

    Hello from Michigan!! Thanks for all of this valuable intel! I’m really interested in learning to navigate the probate market, and I’m told YOU are the wise master!?

    • LOL. I have been working in probate for a long time.

      I am going to be releasing a new probate course the middle of next month so stay tuned. Be sure you grab a freebie so you go on my list. My first launch will only be done to my list.

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