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Real Estate investing for Beginners

Posted on 6/15/19 at 8:10 am
Posted by Saint5446
Member since Jan 2014
823 posts
Posted on 6/15/19 at 8:10 am
This board pumps real estate hard as an alternative to investing in the markets and I am interested in learning more. I may be coming into a lump sum soon from the sale of a business, will still be working and have a steady income but looking for tips on how to get started in real estate. 34 in NOLA.
This post was edited on 6/15/19 at 8:15 am
Posted by plaric
Pike Road, Alabama
Member since Jun 2011
2204 posts
Posted on 6/15/19 at 8:13 am to
Fat bastard knows a good bit.
He started a thread that is full of good information that covers a lot.
Posted by Saint5446
Member since Jan 2014
823 posts
Posted on 6/15/19 at 8:16 am to
Just now seeing it in the FAQ. Thanks. I will check that out.
Posted by nugget
Mostly Peaceful Poster
Member since Dec 2009
13814 posts
Posted on 6/15/19 at 9:13 am to
quote:

34 in NOLA


New Orleans is a tough market and one a beginner can get whacked in. I'd definitely look at other places to invest in RE. Definitely check out fast growing cities with diverse economies.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
70937 posts
Posted on 6/15/19 at 10:07 am to
Tax auctions on the MS coast might be worth doing. The old owner has 2 years to redeem and they pay you 18% interest if they do.

Go for vacant land so you don't get stuck with a teardown in a declining neighborhood. Then if you end up owning it you can sell it at well below market value and come out ahead.
Posted by Slevin7
Member since Sep 2015
1956 posts
Posted on 6/16/19 at 9:44 pm to
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