Getting started in real estate investing
                     Getting started in real estate 
investing
 Real estate investing is a risky business. It’s not something that you should 
take on without doing your homework and having a plan in place. In this 
guide, we’ll go through how to get started with real estate investing by 
building a solid foundation for your new business venture. We’ll discuss what 
makes up the core of any successful real estate investment strategy, as well 
as how to identify your niche within the industry so that you can begin 
building out an effective portfolio from day one.
 Understand the differences between rentals, rehabs, and flips
 In real estate investing, when you buy properties to rent them out to others, 
this is known as a “rental.”
 Rentals are great for generating passive income because they always pay 
their bills and keep earning money for you while you’re away.
 If you want to buy a property and make some quick cash by selling it later on 
at a higher price, then this is called a “flip.” Flips will bring in cash fast but 
can also cost more than rentals due to all of the time, energy, and risk 
involved with rehabbing an old house into something new again.
 Define your investing approach
 Your investing approach is the way you choose to invest your money.
 It can include how much time and energy you’re willing to commit, whether 
it’s just a few hours every week or 20+ hours per day.
 There are many ways to invest in real estate, from flipping houses with no 
money down (which requires extensive physical labor) to wholesaling 
properties to others who do the heavy lifting for you. Each has its pros and 
cons, so let’s go over some of them:
 Flipping houses – This involves buying at auction or through private sale then 
renovating the property before selling it again. The investor typically makes 
money via cash flow from tenants or profits from the sale itself
 Wholesaling – As its name suggests, this method involves selling properties 
without ever taking possession of them; instead, buyers pay an upfront fee or 
percentage of the sales price and then pass along all work/duties involved in 
executing that deal including finding a buyer at auction who has enough cash 
available right now (i.e., not waiting until next month when they get paid).
 Figure out your financials
 Determine your current income.
 Figure out what debt you have.
 Calculate your net worth.
 Figure out how much money you can invest and borrow, as well as determine 
your risk tolerance.
 Choose a real estate investing type
 Once you’ve decided to invest in real estate, your next step is to choose 
which type of investment you’d like to pursue.
 Rental properties can be the most passive but will also require you to manage 
a team of tenants monthly.
 Flips are often more hands-on, requiring regular work with contractors and 
other professionals—but also have a much shorter timeline for financing 
completion so that you can recoup your costs faster.
 So how do you know what’s right for your goals? Here are some things to 
consider:
 Get training for investing in real estate
 The first step to getting started in real estate investing is to get some 
training. But what kind of training do you need? Where do you find it? How 
can you tell if the trainer is good and worth your money?
 Set up your systems for tracking leads and deals
 You need to set goals for yourself that are measurable, achievable, and 
realistic. This is where having a mentor or coach helps. If you’re not sure 
what your goals should be, think about how much money you want to make 
in three months, six months, one year, and two years.
 Think of tangible fitness goals that can be measured by pounds lost or inches 
gained: “I will lose 10 pounds in 3 months” or “I will gain 1 pound per week 
for 4 weeks” are excellent examples of measurable goals. These types of 
goals are easy to track and see progress over time—so keep track!
 If you don’t have an idea about what this looks like yet I highly encourage 
doing some research into different strategies based on your situation (there 
are tons of resources out there). Also, try looking at other people’s financial 
plans/goals/values/etc., nothing says we’re all exactly alike which can help 
when trying to build up some confidence in knowing that even though 
someone else may have achieved something similar – it doesn’t mean YOU 
can’t do the same thing too!
 Begin building your team of professionals
 You should work with a real estate agent. Not only do they help you find 
properties to buy, but they can also guide you as you start learning about 
what kinds of properties are good investments and which ones aren’t.
 You should work with a lawyer. A lawyer can help guide you through the 
process of purchasing your first property, and even help facilitate some of the 
paperwork involved in buying it (though not all).
 You should work with a mortgage broker. A mortgage broker will be able to 
put together financing for your property purchase—and they may have 
relationships with lenders that allow them to get better rates than what might 
otherwise be available online or at other branches where there isn’t as much 
competition among lenders for new clientele like yourself!
 You should work with an accountant/tax professional who specializes in real 
estate investing because there are many intricacies related thereto that most 
accountants don’t know about unless specifically asked about such matters 
by clients who own multiple properties over long periods.”
 You should use the Renozee App to help you obtain bids from Home 
Improvement Contractors, saving you thousands on property renovation 
projects. It’s easy and free to use.
 Determine your time commitment to finding deals and get started 
building a strategy to reach that goal
 Real estate investing requires a great deal of time, research, and patience. 
It’s important to remember that this is a long-term investment; you may not 
be able to see results right away.
 There are many different strategies you can use to find deals, but no matter 
what strategy you choose it will take some time to build your business and 
create a consistent flow of clients.
 Investing in real estate isn’t something you do spontaneously – it’s 
something you need to be prepared for
 Investing in real estate isn’t something you do spontaneously – it’s something 
you need to be prepared for! You have to have a team and systems in place 
before starting. You also need a plan of action and be prepared for the ups 
and downs of the real estate market.
 Real estate investing can be a long-term commitment, so don’t expect 
overnight success.
 Real estate investors use the Renozee App
 This is a big decision, and we want to be sure you’re prepared for it. We hope 
that this article has helped give you some insight into what to expect when 
investing in real estate, as well as how to get started on the right foot. If 
you’re ready to get started on investment property improvements, consider 
using the Renozee App to hire Home Improvement Contractors for less!
Get in touch with 
us
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