Getting into the real estate game can be scary, especially in a fluctuating market, but if you do your homework and pay attention to detail, you can set yourself up for success. Serial DIYer, real estate investor, and Michael's cousin, Nelson Garcia, is in the house today to talk about getting into real estate and what the numbers look like in today's market. There is no secret in this business. Be careful, know your numbers, and do your best to learn from the resources that are available to you!

 

In this episode, we talk about…

• Nelson's journey to buying his first bit of real estate
• Numbers that are important when shopping around for property
• Where Nelson learned to figure out his numbers
• Throwing in an offer on his first property
• Finding a real estate agent that will work with your numbers
• Fixing a retaining wall and other issues to avoid liability problems
• Navigating the time between the offer and closing date
• Knowing what's going to come back to you through appreciation
• Differentiating between the emotions of being a tenant and a renter

 

Links to resources:

Zolo

Buy, Rehab, Rent, Refinance, Repeat

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