so you have made the decision you want
to get into real estate investing and
you wonder where is the best place to
start real estate investing now that's a
very good question I want to give you a
very simple answer now I'm generalizing
this because I don't know who is
watching this particular video from me
but here's what you have to understand
when it comes to real estate investing
or any kind of investing you have to
invest in something that you know the
last thing you want is you buy a piece
of property invest your first piece of
property and you lose money we don't
want that to happen to you where do you
know best which market you think you
know best chances are that's your
hometown that's right your hometown your
area
why because chances are you've been
living there for a number of years or
you grew up in that neighborhood even
though even it's outside the
neighborhood into other neighborhoods
but near the area you know those areas
well and it's not difficult to find out
more information maybe there's a new
shopping mall being developed maybe you
look at our transportation there would
be no new chances right there we new
buses and you train going to those areas
maybe there is a new school being built
where there's a new community if you
were to do some research could be
through online right you could find out
a lot of that information versus if you
go to a new city and let's say you're
talking to an agent and the agent it's
it's pitching you right okay
it's a good investment property the
number kind of looks right but you
actually don't know that neighborhood
that well and what you didn't know could
hurt you because what you didn't know is
maybe near the area it looks okay but
actually there's a big factory nearby
and they're gonna move their factory to
oversee thousands and thousands of
people are gonna lose their jobs what if
you don't have that one piece of
information do you think that might
affect the value of your real estate
would it affect your rental income the
stability of the income source right so
you have to investigate before you
invest now another thing is if you
invest in a property your first couple
of deals if it's out of town that market
may be a little bit better what if
something goes wrong
what if you lose a tenant right now you
have to go back and forth and back and
forth right you got to fly to that city
or you got to drive hours and hours and
hours to that city I mean just a couple
of these trips it drains your energy so
although that market might be better but
for beginners I do not advise you to
invest in a city that's very far away
now once you become more sophisticated
once you become a professional investor
then you can look into yes I can invest
in a different state I can invest in a
different City I get invest in a
different country that's okay once you
have more capital once you have a team
once you have more experience but in the
beginning chances are you don't fully
know what you're doing yet but in the
beginning you're still learning the
ropes registeel learning the game I
don't recommend you do that find
something within your city unless it is
just a horrible horrible market but
chances are if you look hard enough you
will find that motivated seller the key
thing is motivated seller once you find
that motivated seller you can negotiate
and you could find a pretty good deal
and you don't speculate right and you
buy it right in a decent location right
where there's job growth where there are
a lot of employment opportunities
chances are you'll be okay does that
make sense so the best place to start
investing in real estate is your
hometown now if you have more questions
about investing or investing in real
estate comment below I will do my very
best to answer your questions to the
best of my ability go ahead and comment
below and don't forget to hit the
subscribe button and subscribe to my
channel as well this is Dan lock until
then I'll see you next time