Online and Offline Sources to Learn About Real Estate Investing
Houston, TX, 05/11/2023 – Real estate investing is a complex game, despite what the online gurus lead people to believe. When making large investments, or any sized investment for that matter, being educated is paramount in the quest for success. Ali Choudhri, CEO of Jetall Capital, and one of Houston’s largest private commercial real estate owners gives some insight into sources of information available to new or prospective real estate investors.
When embarking on any new venture, arming yourself with knowledge and surrounding yourself with options for advice and learning is key to your eventual success. There are several sources of knowledge and professional advisors, online and offline, from which you can seek guidance. Here are some easily available options to consider:
* Real Estate Investment Groups: Join local real estate investment groups or associations to connect with experienced investors. These groups often organize meetings, seminars, and workshops where you can network and gain insights from industry professionals who have more experience than yourself. Oftentimes, these groups can be helpful in developing co-investment contacts.
* Real Estate Investment Forums: Participate in online forums and communities dedicated to real estate investing. Platforms like BiggerPockets and Reddit’s r/realestate provide opportunities to ask questions, share experiences, and learn from experienced investors. These online forums are almost always available at no cost and managed by the community itself.
* Real Estate Books and Publications: Read books authored by renowned real estate investors and industry experts. Some popular titles include “The Millionaire Real Estate Investor” by Gary Keller, “Commercial Real Estate Investing” by Dolf de Roos, and “The ABCs of Real Estate Investing” by Ken McElroy. Additionally, lots of good information is made available through industry publications and websites like Commercial Real Estate Development Association (NAIOP) and the Urban Land Institute (ULI) for plenty of deep-dive valuable insights.
* Real Estate Investment Podcasts: Podcasts provide an excellent way to absorb knowledge while on the go. Popular real estate investment podcasts include “The Real Estate Guys Radio Show,” “The BiggerPockets Podcast,” and “Best Real Estate Investing Advice Ever.” Additionally, many of the successful entrepreneurs in commercial real estate actively share information through their social media channels. Some good examples would be the soon to be launched Jetall-U.com from Houston’s Ali Choudhri and Jetall Capital, Nashville’s Tyler Cauble or Austin’s Ari Rastegar, three examples of successful real estate investors sharing their knowledge openly.
* Professional Real Estate Advisors: Surround yourself with people smarter than you at their individual fields. This is done, by seeking guidance from professionals such as real estate attorneys, commercial real estate brokers, property managers, and certified public accountants (CPAs) who specialize in real estate. These professionals can provide expert advice, assist with due diligence, and help you navigate the complexities of commercial real estate transactions.
* Mentorship: One of the most effective ways to learn is to find a seasoned investor who is willing to mentor and guide you through your initial steps and transactions in commercial real estate investing. A mentor can offer personalized advice, share their experiences, and help you make informed decisions based upon their own historical experiences.
* Online Webinars and Workshops: Webinars and workshops are live or pre-recorded sessions conducted by experts or educators on specific topics. These online learning events often have a designated time slot and may include interactive elements like Q&A sessions. The fees for webinars and workshops can vary significantly, ranging from free to a few hundred dollars.
* Subscription-based Learning Platforms: Some online platforms offer subscription-based models, providing access to a library of courses, tutorials, and resources. For instance, platforms like LinkedIn Learning and Skillshare charge a small monthly or annual fee to access their entire course catalog.
* Massive Open Online Courses (MOOCs): MOOCs are online courses that are often provided by prestigious universities and institutions. Platforms like Coursera and edX offer MOOCs that can be reviewed for free, but a fee is usually required to obtain a certificate of completion or access additional features such as graded assignments and instructor feedback. Certificate fees for MOOCs generally range from $30 to $100 per course.
Remember, while seeking knowledge and guidance is important, it’s also crucial to conduct thorough research, perform due diligence, and develop a strong understanding of the local market before making any investment decisions. It is advisable to research and compare the pricing of different learning sources to determine the best options that align with your learning goals and budget.
“Property ownership sustains long-term value to you and your shareholders or family. Educating yourself is the first step in becoming a legitimate real estate investor.” – Ali Choudhri, CEO at Jetall Capital.
Investing in commercial properties offers numerous opportunities for wealth creation, but it also carries substantial risks. By employing diligent research and analysis, prospective investors can mitigate these risks and identify properties with strong cash flow potential and high likelihood of long-term value appreciation.