In a number of our recent networking meetings I’ve come across a number of people who barely know how to even spell Real Estate Investing. One recently did not even know what ARV meant (After Repair Value). As an educator/mentor this bothers me. Once a quarter I teach a 2 hour “Fundamentals of Real Estate Investing” for the REIA (Real Estate Investors Association) that I belong to.
Normally, they are in person but for the last 2 they have been virtual, and I recorded them. I upload them to SCREIA (Stark County Real Estate Investors Association) and put them into their products section. No, they are not free, but close enough. Hey, the REIA is non-profit and needs some income. So, for approx. $30 you can view/listen to the most recent one. If you were a member of the REIA it would be free.
Get the Training – Fundamentals
The link directly to the description page is – “Fundamentals of Real Estate Investing” (on InvestInStark.com)
The link to sign-up for the Stark County REIA membership is:
“The Path” – taught vs reality of Real Estate Investing
Many investors think: First you wholesale to get some money, then you use that money to get a rental, then you do it again till you have 4 or 5 rentals. Then if you are going big, you upgrade to a duplex, triplex, or 4-unit. After a few years you upgrade from those small multi-family (10 unit) and then to large multi-unit apartments of 30 units.
This seems like a great path. But that takes forever and most people get stuck along that path and never move on or give up. From a course standpoint, selling a wholesaling course is the easiest and ‘makes a lot of sense’. But that’s a pretty limited view of the way real estate investing operates. Get the bigger picture and you may start someplace else. Get educated.
Scott Krusemark – The REI Hacker
Tools to estimate the cost of the REHAB and make offers: https://rehabestimator.wpengine.com