Mentor 8- 1st Investment

[Henry Clark]

Read Mentor 1 post.

It’s always great to say your first investment was wildly successful.  But if you wait for that deal, you’re postponing your learning process.   
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Make your first investment low risk, low knowledge, low cost of failure.      

If you’re doing a fix flip do landscaping, flooring, painting, roof, etc.

Stay away from structural.  Foundation issues, moving walls, out of state, 

As you progress start doing more difficult properties since you have a greater chance to make a larger profit.  

Buy an existing trailer and rent out. Say $20,000 to $50,000. This single investment will teach you most of REI investing.

My first investment was my worst deal.  But it taught me the most.

Start small and Make Your Big Mistakes Early.