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Updated over 2 years ago on . Most recent reply

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Keegan Van Kooten
  • Real Estate Agent
  • Scottsdale, AZ
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What did you find to be the biggest challenge?

Keegan Van Kooten
  • Real Estate Agent
  • Scottsdale, AZ
Posted

What did you find to be the biggest challenge when starting out in real estate? On both the investment side and or the sales side? 

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Scott Trench
  • President of BiggerPockets
  • Denver, CO
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Scott Trench
  • President of BiggerPockets
  • Denver, CO
Replied

For me it was building a strong personal financial foundation. 

For me, real estate is an investment, rather than a full-time business. I make my money from my job, and invest it for the long-term in real estate. 

To do that responsibly, I had to hustle for a full-year, just to save my first $20,000 and use that to purchase a house-hack with 5% down ($240,000 purchase price back in 2014). 

Compared to that, spending ~500 hours listening to podcasts, networking, learning about the city, analyzing deals, and other self-education was easy. The financial position of strength is the real grind, for me! 

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