Real Estate?
Answers:
1)Reading books on the topic is a good idea. But, don't expect to get what you need entirely from books.
2)Going to real estate school and getting your license will help you understand the transaction process and it will save you a little money down the road on real estate commisssions since you can do your own transactions, but it is not a requirement. And, it will most likely not help you learn to make good investment decisions. For that, you need some hands on training.
3)For hands on training, I recommend you find other investors in your community and offer to find properties for them to purchase for a fee. This involves none of your own money, but will allow you to earn a little bit while you are learning to find good properties and getting the hang of knowing how much to pay for them. Here's an article about that entitled "Real Estate 101". Good luck.
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Well, if you are thinking of buying into some infomercial package, beware. Part of the reason they are selling them so cheap is that the rules are about to change and they want to get their stock off the shelf before they become obsolete. Beware of a practice called flipping, where you buy and sell in fairly quick succession. This is different from the other two common tacks: build a nice house and sell it to have money to build a still nicer house, etc., or buy a house and rent it, using the value (equity) to buy still another house and rent it out (there are special loan programs if you are not going to live in the house). They all have their problems, but if you buy the right house at the right time, things can appreciate. For instance, my house just went up in value because the nearby airport began expanding. If you watch for trends and manage to buy before they are realized, then you do well without much extra effort--you just got to figure out the trends and time your entry, which isn't always an easy thing to do.
Why not go to real estate school? You would be able to broker your own deals and pay yourself at the same time. I say this because realtors don't work for free, and along with the cost of land, it will take a chunk of money out of your profits.
This same question was asked a few days back.
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