Thread: Can anyone please tell me where the best place to invest in real estate is and what type of properties i.e shortsales, REOs, etc..

There is no education like getting out there and getting your hands dirty, there is no education out there that will replace experience you get in the field. You need to get out there and make mistakes and learn from them, as a result you will be a better investor. Doesn't hurt getting education in the business you are trying to get into but don't expect it to get you anywhere unless you go after it and make it happen.

Originally Posted by SWELLS

I'm holding out for this guy so long as he studies hard and practices patience. you would be amazed at how many multimillion dollar commercial real estate transactions are essentially 100% financed

well said

Take money and get an education!!! Fliping, rentals and commercial properties is something I do for a living 12+years, very good friend of mine owns around 2000+ rental properties and all I can tell you that NOTHING IS GOING, everything is dead don't let anyone fool you and believe me 100k wont get you far at all..........if u want to talk more pm me no problem........

Originally Posted by Irelentless

don't let anyone fool you and believe me 100k wont get you far at all.........

i'm afraid this isn't a true statement at all.

You'll need 20% down to achieve financing these days - find an experienced partner who also has $100,000 (and the balance sheet to obtain financing) - identify an opportunity, and the two of you can take down a $1,000,000 purchase ($1M x 20% =$200,000 equity requirement)

I'm not advocating anyone starts with that scenario, but it's a pretty simple case for the fact $100k goes far in any real estate market.

There is so much to say;

If it was so easy, everyone would do it!

It takes time, patience, persistence, skill, luck, knowledge, and capital

Your best bet is going to be going to college, getting an education in finance, but taking a wide variety of classes. Work while in school, doing internships and jobs related to real estate, even if it means being a secretary/assistance for a real estate firm.

$100K is a good start, but its going take a lot more to do real estate, especially commercial, you will see this once you start to learn the industry. No investor is going trust an 18 year old to handle a real estate investment.

This forum isn't a bunch of overnight millionaires and they definitely don't spill there success and secrets. (i.e. your not going get someone who just found a amazing offer to go all publicly announcing the opportunity.

Best of luck in school, as they say; an education can never be taken away!

Originally Posted by RiskInevitablyRewards

I'm going to try and wholesale property to get some capital but i think my dads gonna support me. He gave me the choice of paying for college or investing in real estate and right now on debating on what I should choose. I'm most likely going to ingest the "red pill" and get the money to invest. And I'm sorry about my demeanor

I stopped reading after this.

Take the money and go to School.

Originally Posted by BicepKaz

There is no education like getting out there and getting your hands dirty, there is no education out there that will replace experience you get in the field. You need to get out there and make mistakes and learn from them, as a result you will be a better investor. Doesn't hurt getting education in the business you are trying to get into but don't expect it to get you anywhere unless you go after it and make it happen.

Dude i've been thinking about this for years man i've always tried to do something and no matter how many times i've failed I never became discouraged so I completely agree with you but swells and rawman and everyone else makes it seem like going to get an education is best so i think im going to try that.

Originally Posted by SWELLS

I'm holding out for this guy so long as he studies hard and practices patience. you would be amazed at how many multimillion dollar commercial real estate transactions are essentially 100% financed

Hey man thanks a lot for everything you've said so far. I really want to get into commercial real estate so what do you suggest suggest i do to get some capital?

Originally Posted by SMW

There is so much to say;

If it was so easy, everyone would do it!

It takes time, patience, persistence, skill, luck, knowledge, and capital

Your best bet is going to be going to college, getting an education in finance, but taking a wide variety of classes. Work while in school, doing internships and jobs related to real estate, even if it means being a secretary/assistance for a real estate firm.

$100K is a good start, but its going take a lot more to do real estate, especially commercial, you will see this once you start to learn the industry. No investor is going trust an 18 year old to handle a real estate investment.

This forum isn't a bunch of overnight millionaires and they definitely don't spill there success and secrets. (i.e. your not going get someone who just found a amazing offer to go all publicly announcing the opportunity.

Best of luck in school, as they say; an education can never be taken away!

what other classes do you suggest i take besides finance? and are you a real estate investor yourself?

First and foremost, get your real estate license.

Why not get an internship, mentor, or job working in the real estate industry? It'll give you the experience and knowledge in dealing with properties and people. You'll learn the market fairly quick. Work as an agent/assistant for a year or two and decide if it's the right route to take.

You can always go to college and do real estate on the side until you decide which you'd rather focus on.

Graham