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Updated over 10 years ago on . Most recent reply

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Eric Giovannucci
  • Investor
  • Boise, ID
98
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171
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Paralysis Analysis vs Being Educated

Eric Giovannucci
  • Investor
  • Boise, ID
Posted

I am taking baby steps, and want to ensure that I am fully educated. However, the more I read, the more I find myself burrowing into a deeper hole of putting my education on buckshot. 

I originally intended on going the lease option route to start. I chose this because well lets be honest, I do not have the money to buy and hold, and I already have one mortgage hopefully getting set up for a lease option (too far away for my liking to manage), and I will be buying another residence for my family in San Jose/Morgan Hill area. 

I suppose my million dollar question for today is, how did you find that sweet spot between knowing you were educated enough to begin your venture and continuously researching attempting to ensure you are educated enough to start?

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

The sweet spot? Get a text book for RE Agents and know that as an investor, after you understand that, you can look at your market, then you can select the strategy appropriate to your market and your goals. If you begin with strategies you really aren't educated your are trained like a machine might be programed or like a monkey to play the crank organ. If you begin with the basics you'll know more about real estate than most of the people you will meet on the street.

The more aware you become the more you'll come to understand what you don't know. :)

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