What & How to Get Started the Real Estate
Well, Real estate is basically all about land and anything built on it. It’s not just about houses, but all kinds of properties. You’ve got four main types of real estate:
- Residential Real Estate :These are the places people live in, like houses, apartments, and condos.
- Commercial Real Estate : This is for businesses, so things like office buildings, stores, hotels, and restaurants.
- Industrial Real Estate : Think factories, warehouses, and distribution centers the kind of places where stuff gets made or stored.
- Land : This is the undeveloped stuff like empty lots or farms just waiting for something to happen with them.
So, at its core, real estate is about owning, buying, selling, or renting land or property, whether it’s for living, working, or even just for investment. You can get into it in a ton of ways, whether you're building a home, flipping a property, or leasing out space to businesses.
What Do You Want to Do?
Before you get deep into the world of real estate, it’s time to figure out what’s right for you. Do you like talking to people? Or do you prefer working behind the scenes? Here are some paths to consider:
- Real Estate Agent/Broker : If you enjoy working with people and love a good deal, becoming a real estate agent might be the right path. You’ll help people buy, sell, or rent homes, and get a nice commission for doing it.
- Real Estate Investor: Do you want to build wealth over time? Investors buy properties to either flip (buy, fix, and sell) or rent them out. It's a great option if you have a bit of money to start with, but you can also find creative ways to fund your deals.
- Property Developer: If you’re into construction, project management, or love the idea of shaping communities, property development might be your thing. Developers buy land or old buildings, turn them into something new, and sell or rent them out for a profit.
- Property Manager: love organizing and solving problems? A property manager takes care of rental properties for landlords everything from dealing with tenants to fixing leaks.
Do Your Homework
Real estate is one of those industries where you can’t skip the research. Think of it like studying for a big exam you want to know the ins and outs.
This is what you need to look into mate:
- What’s happening in the market? Are house prices up or down?
Which neighborhoods are hot๐? Are people moving to certain areas?
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What type of properties are people looking for? Are they buying houses, apartments, or office spaces?
You can stalk the real estate websites like Zillow, Redfin, Realtor.com, Also, follow local trends sometimes the best deals are just a few streets away from where everyone else is looking.
Get the Know! How ?what about the License?
Okay mate, so now you know what you want to do and have done some research, next learn more and get the credentials you need.
For Real Estate Agents, you’ll need:
- A real estate course :online or in-person
- Pass the licensing exam : the hard part, but you got this
- Join a brokerage : so you can start doing deals.
For Investors & Developers, you don’t need a license, but you’ll want to know about
- Financing: how to fund your deals.
- Valuation : how to figure out how much a property is worth.
- Risk management : how to avoid losing money.
If you’re just starting out, reading books like Rich Dad Poor Dad and The Millionaire Real Estate Investor can give you some killer insights.
How Do You Plan to Fund Your Deals?
This is the part that can seem scary but do not i got you ,trust me, there are ways around it. You don’t need a ton of money to get started just a good plan.
Here are a few options for funding:
- Personal savings : if you’ve been good at saving up, this is your go to.
- Bank loans : good credit? You could secure a nice mortgage.
- Hard money loans : short term, high-interest loans for flipping houses.
- Real estate partnerships : team up with someone who has money, and split the profits.
Get Your First Deal! No Pressure, Just Do It mate.
Sooo now that you’ve got your funding sorted, it’s time to get that first property. This is where you’ll take what you’ve learned and put it into action. Don’t worry, you won’t be going in blind!
- If you’re a real estate agent, you’ll be starting with clients and showing homes.
- If you’re an investor, you’ll want to choose whether you’re flipping, renting, or holding onto a property for the long haul.
- If you’re a developer, start small maybe you could renovate an old house first.
Just Start small. Don’t try to take on too much, especially in the beginning. like a Baby steps.
Network Like It’s Your Job, Actually it is
Real estate, it’s all about who you know. Get to know other agents, investors, lenders, contractors, and property managers. Networking isn’t just about business; it’s about building relationships. You never know when a chance encounter could turn into a big opportunity.
Go to local meetups or networking events. Even chatting with people on Facebook, Insta or LinkedIn can help you build connections.
Market Yourself & Your Properties, Focus!
You could be the best real estate agent or investor in the world, but if no one knows about you, it won’t matter. Time to get yourself out there!
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Social media is a great tool. Post about your deals on Instagram, LinkedIn, or even TikTok.
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Word of mouth is still one of the best ways to get new clients so always do your best work and ask for referrals.
Make a website or Insta page where you share tips, success stories, and listings. Soo now you know the reason that why so many pages popup in your insta ehgii mate !its funny you waste your time isn't it๐.so they made money from it then invest ,you fooled already. Ahhh that's okay lets move.
Close the Deal & Keep Learning
Here’s where the rubber meets the road closing the deal. Whether it’s a sale or a lease, you’ll need to negotiate, finalize contracts, and keep everyone happy:). It’s a process, but the more deals you close, the better you’ll get.
If you’re not already a pro negotiator, consider taking a course on it or reading a book about negotiating strategies.
Keep Growing & Scaling
Well well, once you’ve gotten the hang of it, you’ll want to scale up.
This could mean buying more properties, moving into commercial real estate, or even building a team to help you manage more deals. Don’t rush; just be smart about it.Take time every year to review your goals and adjust your approach. This is how you grow and succeed long-term.
Finally
U know what, the beauty of real estate is that you can start small and build from there. It’s about taking the first step and then the next, and the next. Don’t be afraid to make mistakes., that’s part of learning and growing. To be sucseed you need to do one business till u get success ,then you need to open new business, Thats the way mate.
So, what do you say? Are you ready to take the plunge into the world of real estate? The first step is to figure out which path you want to follow, and from there, you’ll be on your way!
Let’s do this!
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