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Updated almost 9 years ago, 03/20/2016
Do's and Don'ts Really?
I am by no means a professional speaker, nor am I an English major but I can count. I have been investing for about 20-25 years. I am for sure a buy and hold guy and have done some flips and a little wholesaling. The reason for my post is to assure someone who is getting started that there is an absolute ton of conflicting information and ideas out there. The funny part is most are correct! The problem comes in with the perspective and specific goals of the individual delivering the information and advice. You could pull 10 very successful investors together and ask them some specific questions. The simple truth is that you will more than likely come up with different answers. Many factors influence the results such as the market that they are in. What class of property they are dealing with. The way they structure their deals. What type of return they are satisfied with. The personal financial position they are in. How much access to capitol they have. Etc.Etc.Etc. So to get to the point of what I an trying to say is don't let this be discouraging to you. Real estate investing is by no means an exact science, take all the info you can get, sort through it and apply what works in YOUR situation. I have had so many people ask me for advice even repeatedly and they never do anything. So the best advice I can offer is to jump in and get started. In my opinion starting is the biggest stumbling block for so many. If your first deal only turns out half as good as you thought and you see the glass as half full then you are a good fit. If its half empty then I would suggest that this is not for you. Thanks for reading!