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Updated about 3 years ago,
If I had to start all over again from a multi-millionaire w/31yrs
Whew... there is so much to this post to convey. To say that the worlds of now versus the late 80s are total different in terms of the ability to communicate to the masses as well as the cost of borrowed money!
I would learn derivatives (wraps, subject to, lease options, owner financing, assumptions, REOs haggled directly with the banks and cross collateralization to name a few). I would study marketing religiously and video journalize each learning moment (good or bad) for posterity. I would apply technology to its fullest throughout the entire acquisition and management cycle. I would use virtual assistants as soon as I had something to scale and look to scale each facet of the business.
86,400 seconds in each day. I would learn, play, and work EACH day to maintain the passionate love affair with real estate.
I would ask more questions of others, their processes, their jobs, their investment methodology and get more connective learning and understanding of the big picture... and so much more...
What would you do differently? What do you need help on newbies...?