003 - GETTING STARTED - Why do people not start? How much money do you need? What are good areas?

WHY DO PPL NOT START?

• Real Estate is an investment. There is risk.
• Do your homework, but don't think that analyzing will be a substitue for doing
• Borrow experience from realtor/mentors

MONEY

• You need between 0% and 25% downpayment
• You need $5-8k of reserves
• You will need $2-4k of closing costs
• Highly recommended; 3 months of personal rainy day money

GOOD AREAS

• Tony: Population growth, job growth, good mix of appreciation or cash flow depending on your interests
• John: pick a company and see where they are putting stores/offices
• Details: who is your tenant? what do they want? where do they want to work?