How do I get started with Real Estate?

[Valkhorn]

How do I get started with Real Estate? Right now I have a full (after taxes) income of about 1200 to 1500 dollars a month. I'm still in college, but I'd like to start saving money and increase my wealth, and I have read that Real Estate is a great way to do it.

My questions are these:

How much money does it take to get started in Real Estate?
How does one get started if one only has about 10,000 in their savings?
What is the best way to buy property and make the most profit?
Is there any way to buy and sell a property in a relatively short amount of time so that minimal interest is accrued (other than paying cash)?

Thank you for your time, and your responses.

[MrJodyHudson]

Check out the resources in the Book Stores and in your College Library. One of my farorite series of books about investing in Real Estate is by Robert Allen and his Nothing Down series and his Building Wealth series.

You should be able to get all of his books from your librarian although she may have to hunt them up on the system. You might also find them on Amazon.com in the old and used books section for a couple of bucks each.

I also have hundreds of pages of information, articles and essays, that is general to real estate everywhere on my sites. Just pick and choose from the titles as you wish.

Here are a couple of my essays index pages.
http://www.kate-jody.com/essays/index.html
http://www.theruralspecialist.com/essays/index.html
http://www.ruralrehoboth.com/essays/index.html

[MrJodyHudson]

Here are the first few paragraphs of a fairly extensive article that should give you a good inside look at what is done...
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What We Do To Sell Your Property.



Copyright ©2001- 2003 Jody Hudson & Kate Baird

Once you have contracted us to sell your property we go to work for you to bring you the most and best price for your property as quickly as possible. Some properties are faster selling than others based on the location, condition, size, price, of course, and type of the property.

Price is always a consideration but proper marketing and selling techniques will usually garner you, at least, an extra 15% to 20% and that is where we shine! We go into action quickly with all of the following methods of marketing and advertising your property. Our purpose in doing what we do is to find YOU as many willing and able purchasers as possible and then to encourage at least one to purchase your property -- quickly and at the highest price.

We send out "JUST LISTED" postcards to 200 homes and businesses in the surrounding area about of your property. This card directs them to the web site we set up for your home with numerous pictures, a full explanation, and all the data they want to know about your home; including the price. Those folks who live close to a property are happy to pass the word on to friends about anything new on the market. They are also the most knowledgeable and the most interested in your home selling for the top price, possible. After all, they know that the more YOUR home sells for, the higher theirs will appraise and sell for.

We publish a professional brochure or flyer for your property; distribute them in numerous ways and keep them updated and fresh in numerous local businesses and in the local restaurants. We already have flyer holders in many locations. We will mail out and deliver these flyers to other Realtors by mail and in person. If there is another Realtor who is likely to have an occasional buyer for a property such as yours, they get our special attention; we invite them for a private showing, print up special flyers just for them to mail out to their prospects, in their name, or whatever it takes, and if appropriate we assign a courtesy key to them as well.

In fact, we even go so far as to let other Realtors send THEIR customers to us, we'll show the property, and still let them have the full commission. This is not done by anyone else in the business as far as we know. The advantage is YOURS!

Your property will be added IMMEDIATELY... There is a lot more here What we do as Realtors to sell property and some of what it is like to work as a full service professional realtor in the Rehoboth Beach Delaware, beach related tourist and investment real estate market.

[danalsam]

Real estate sector is booming nowadays. there are some tips to getting started with real estate such as set a budget, select the area which is geographically acceptable, analyze the rental market place, and build a power team.

[ChasRE]

Go to Barnes & Noble, assuming you have one where you live, and look at the Real Estate section. You'll find tons of books and a lot of them are geared towards new agents.

[MillerREALTOR]

I would find a large team, sell them on the idea that you would be a great agent. Explain your work ethic and they might sponsor or pay for the cost.