Author Topic: Real Estate Basics  (Read 1668 times)

T-Rex

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Real Estate Basics
« on: February 20, 2014, 02:25:44 AM »
My grandma always told me to buy and rent out property. Can you explain the process to a complete beginner?

Fishingmn

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Re: Real Estate Basics
« Reply #1 on: February 20, 2014, 06:34:38 AM »
This guide will give you a great start - http://www.biggerpockets.com/real-estate-investing

arebelspy

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Re: Real Estate Basics
« Reply #2 on: February 20, 2014, 07:06:16 AM »
My grandma always told me to buy and rent out property. Can you explain the process to a complete beginner?

Step 1: Buy property
Step 2: Rent it out.
Step 3: Profit.

(Yes, we've discovered the elusive "???" step 2.)
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with two kids.
If you want to know more about us, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

arebelspy

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Re: Real Estate Basics
« Reply #3 on: February 20, 2014, 07:10:06 AM »
My grandma always told me to buy and rent out property. Can you explain the process to a complete beginner?

In all seriousness, and with all sincerity... no.

This isn't something one can just explain in a short forum post and be done with.

If we had a few hours to sit down and chat, we could maybe scratch the surface.

If you're actually interested, I'd suggest checking out the recommended reading list:
http://www.mrmoneymustache.com/forum/real-estate-and-landlording/real-estate-book-recommendations/

If it's important to you, reading a book (or three, or ten) on the process shouldn't be a big deal, and you'll want to, whatever other posts happen in this thread or whatever you read over at BP.

We'll be more than happy to answer questions, clear up misconceptions, etc.  But a blanket "explain the process"?

Heh.  Good one.  :)
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with two kids.
If you want to know more about us, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.