This is a quick-start guide for real estate
investing in the Dallas/Fort Worth market. Read this page first then use the links
to the left for the good stuff!
1. Determine Your Objectives
What are your objectives for investing in real estate? Below are some common
objectives for first-time investors. Each will require a slightly different approach.
2. Find Your Niche - There are 100 ways to make money in
real estate and probably 1,000 ways lose it. You need to find your niche and master
it to be successful long term. If you work every type of investment in every location
then you'll never be an expert in anything - and I guarantee you'll lose money.
3. Build Your Network - Each time you talk with someone
in the business, ask them if they know a good contractor, painter, lawyer, tax
advisor, foundation person, etc... When you need one, call them and let them know
that so-and-so referred them to you.
4. Start Local
- There are opportunities everywhere in the DFW area. Start looking for opportunities
in your local area first and avoid purchasing property hours away. Every minute
you spend on the road is time you won't be improving or managing the property.
5. Start Looking - Even if you aren't prepared to purchase,
start looking for deals. Use our MLS advanced search,
wholesale marketplace, cashflow
marketplace, motivated sellers list and
advanced county search to being finding deals.
Learning - Take every opportunity to learn. Read all these articles including
Getting Started in Real
Estate Investing, Intro to Rehabs, and Intro
to Wholesaling. Then visit the wholesale
marketplace and contact a few sellers, look at some deals and continue to
expand your investment network.