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How does one go about getting a real estate education? First of all, it's not necessary to return to college or classroom work. It's very easy to learn about the business on your own. In fact, you've already started. Then, there are other real estate books. Check the business section of your local bookstore or your library. Read as many books as time will permit. You may not agree or accept all of the ideas in every book, but if you only get one good idea out of each book, it's worth your time to read them. Listen: this part of the education, buying books, is comparatively inexpensive. Many of the phases of the real estate business you'll need to learn, in addition to acquiring renters credit history, are fixing, repairing, carpentering, plumbing, and other building trades. It's not necessary that you do the work, but it's important to understand how things work and how they're done, if for no other reason than to be sure that you're not being overcharged for something done by a repair person. The next learning experience can be an exciting one because you're going to be dealing directly with people who are in the property business. Most of these people, small independent investors, have been quite successful. I'm sure you're going to find that they like to boast about their accomplishments. That's good, because their stories can be a delightful learning experience in themselves. Generally, you'll find most of these people will be friendly, accommodating, and easy to get along with. I have yet to find one independent investor who isn't willing to sit down and talk about his or her properties and about the business. You can certainly learn a great deal from them. And there's an added benefit in meeting them: once you've built trust between you, there are all sorts of learning and investing possibilities. For instance, there's a good chance of meeting an investor who's willing to talk about selling and financing his or her investment property. Here's an example of what I mean. I met an investor when I first started in the business. I needed some help and advice about buying a certain property and getting renters credit history and didn't know where to turn. I established a friendship with this fellow, who, incidentally, was an Internal Revenue agent, and he was more than willing to help me and give me whatever advice he had. Eventually, through our friendship, I bought a fourplex, a duplex, and a single-family house from him. He financed the property on a contract-for-deed. I eventually paid him in full, along with 9 percent interest on the contract. He was happy to get his money, and I was happy to extend my real estate investments substantially. For more details about Renters Credit design log on to Tenantscreeningbackgroundcheck.com
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