Real estate investing can be a lucrative endeavor. But if you're new to the industry, real estate investing can be difficult to break into. In this article, we are going to offer up a few tips for those looking to get into real estate investing.
First tip - read everything you can on real estate investing.
I personally like all of Robert Kiyosaki’s Rich, Dad, Poor Dad series of financial advice books.
Napoleon Hill’s Think and Grow Rich is also excellent.
Anything by Carleton Sheets on real estate investing offers a lot of practical information.
Networking is another essential element of success in real estate investing. I would network with Mike Jacka, founder of the Minnesota Real Estate Investors Association and check out some of the experts that they have speak.
Another good group is Minnesota Real Estate Exchangors.
MNCAR is a commercial real estate brokerage organization in Minnesota that has lots of seminars and good networking events.
Find a Mentor
The best advice of all – find a mentor that has been doing this a long time, and learn from the real people that do this all of the time.
- 1031 Hotline: If you have questions about real estate investing, feel free to call me at 612-643-1031.
Defer the tax. Maximize your gain.
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