As our readership grows, we are noticing more investors of all stripes are climbing aboard the FlipBoard for news and information about Real Estate investing in general. These include many seasoned veterans of RE investing as well as those who just want to know how to get started.

This goes out to all the Newbies:

It is important to know exactly what you want to do as well as the area or areas you wish to do it in. Local neighborhoods and parts of your city can have varying degrees of difference between them. How often do you hear of a neighborhood “going down”? Make sure you identify these areas and stay away from them.  You will be glad you did.

How do you learn about your city and its differing neighborhoods?  That’s easy.  Join your local RE investors club or the local branch of the Association of Realtors.  These folks know the area and in many aspects are ahead of the game. Next, save your money, improve your credit scores and look for deals. Robert Kiyosaki recommends reviewing 100 houses before you select 1. This means it may take awhile. Be patient and don’t give up!

Once you find that house, know what you are going to do with it. Rent, Flip or long term hold. It does not matter.

Best of Luck!

-Richard

TheFlipBoard.com