Advice for newbies

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Unfortunatly, I have read too many stories lately from people posting on this board that have come into trouble investing in real estate and it seems like 90% of the reason for this is that they went into a deal without near the amount of information that was required to make a sound judgment. If you are here using this forum then great, you've taken the first step. It's a great resource for information. Please Please Please before you get in over your head take the time to learn as much about the situation as you can so that you can be reassured that it is a good decision. Do your own homework, find the people that can get you the information you need and make sure that information is accurate. With the amount of new people getting into real estate investing, so comes the amount of crooks to prey off of those people. If you think you have found the deal of the century and you happened to hear about it in a hotel conference room then chances are you're going to get burned. Be wary of investment opportunities that use mentors and require any money up front. If the deal is pitched as a situation where you don't have to do any of the leg work, any of the research, you just give them the money and sit back and reap the rewards, then chances are you're going to get burned again. I know this might upset a person or two because I am sure there are many legit outfits out there, but let's face it, there are just as many crooks if not more. Do your research, ask questions, and keep your money in your pocket while you do so, then go invest. Investing is not easy money and not fail safe, the people that make money in this business do their research and do it constantly. Stay informed, stay on top!