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Updated about 11 years ago on . Most recent reply

Account Closed
  • Brooklyn, NY
0
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Beginners Advice Needed

Account Closed
  • Brooklyn, NY
Posted

Hey , Bp I have a quick question. I've been reading and studying the real estate investment field for about two months now but I plan on acquiring knowledge for 2 years before my first purchase. The reason I've decided to do so for 2 years is because I also plan on building my credit and saving money. My question , Is 2 years a pretty long time of acquiring knowledge before getting started ? And how long did it take you ?( btw I've kept in mind you'll actually never stop learning in this field.). Thanks

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Will Barnard
  • Developer
  • Santa Clarita, CA
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Will Barnard
  • Developer
  • Santa Clarita, CA
ModeratorReplied

As others have eluded to, two years us a long time to wait. Most of your education will come from doing and being in the mix. Staying inside a "classroom" for two years, or for any length of time, is not the entire puzzle. Saving cash does take time, but you can also earn cash from doing too and speed up the process. You can get owner financing, buy subject to, and a number of other low to no money down strategies.

Be careful at RE seminars, most are run by gurus who prey on those looking for the "fast track" and a large majority of your book education can come from right here on BP and from reading books.

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