Real Estate Investing for Beginners
What you'll learn
- How to decide if you should be a real estate investor
- Choosing the right type of real estate to invest in
- Where to start investing depending on money and time
- Finding motivated sellers
- Interest in real estate investing
I got the idea for this course after attending investor meetups over the last 25 years. I noticed that at each of the meetups that for almost half or more of the attendees it was their first meeting. I also noticed that the topics of the meetings were geared toward experienced investors. Or worse, the meetings were promotions for a particular type of real estate investing. This was a big turn off for a lot of the new attendees. Come to think of it, it wasn't that much fun for me either. So, I thought that it might be helpful for future real estate investors if they had an introduction to the more common forms of investing in real estate. So, when they go to a meeting, they can gauge it's usefulness for them.
In this course, you'll learn a lot of the reasons for investing in real estate. You'll learn the types of techniques for creating wealth through real estate for you as an investor. Aside from deciding on the techniques, the types of real estate are just as important. Those are covered, too. Starting with vacant land all the way up to large multi-family units. Don't worry, self-storage is covered a bit.
The best place to start investing in real estate is to buy your own home. That way you'll get ideas about property management. As you acquire more properties, you'll probably need to consider property management, especially if you buy properties several hours or hundreds of miles from where you live. I have share some thoughts about property management.
Lastly, I cover the necessity of working with motivated sellers. The motivated seller is the Holy Grail of real estate investing. I share my heuristic of working with motivated sellers and how to decide if the seller is motivated.
Who this course is for:
- Beginning Investor
Brian S. Penn earned a PhD (1994) in Igneous Petrology from the Colorado School of Mines and a Masters of Computer Science (1988) from the University of Texas as Arlington. Although he worked most of his career in Industry, Brian possesses an entrepreneurial spirit. After finding out that most long-term wealth is created through real estate, he took it upon himself to learn how to invest in real estate. Since 1995, Brian has successfully invested in real estate, learning and applying various types and methods of real estate investing. Initially, he began investing in single family houses, his current focus is vacant land. As the market changed, so did he. Consequently, he has extensive experience in many areas of real estate investing. He will be applying the methods taught in his course to acquire more real estate properties in the coming years.