Hey Mustachians,
I am interested in investing in a rental type property in the urban area I live. I have been listening to podcasts like "Bigger Pockets" for a while and it seems to be something that I would find challenged but financially and internally rewarding. I have looked up some free investment courses/classes from groups like MIT and was wondering if any of you have recommendations (free or otherwise). I understand that this is potentially a bit of an open-ended question, but some basic background on me is that I have a reasonable stream of income that comes in through my 1 job, and have very limited knowledge on real estate and real estate investing besides basic podcast information.
I look forward to hearing from you all soon.
You need a mentor, not classes.
Real estate is the most local and area specific thing you can get into. There are tons of laws out there that can make or break you depending on how you navigate around them. Any 'class' you take is going to be tailored for the largest number of people possible, so it is going to have the most broad and general info possible. This makes it honestly not that useful.
Bigger pockets is the right place to start, but you need to meet with some locals. There are LOTS of people who will gladly talk your ear off about houses for the price of a few microbrews! (me included)
Ask around, offer to buy a few beers, or steak dinners or whatever. Lots of people live and breath real estate. I bet you have someone on your linked in network right now that would love to talk with you for free. Heck I bet you could find someone on here who would!