Biggest challenge starting out

[Shirley Frias]

Hello everyone!

I am a novice and I'm on the process of looking at possible great deals around my area through the MLS. I have not made deals or coordinated with real estate agents yet, but doing my own analysis, estimating expenses and calculating possible cash returns based on the retail prize, looks like there's not a lot of good deals out there. I know that the solution to this problem is simply to start making offers that will bring me good cash returns. However, I'm still not comfortable doing that mostly because I know I still have a lot to learn about REI.

For this post, I want to hear your own experiences starting out. What was the biggest challenge you faced before acquiring that first property and what did you do to solve that problem?

Can't wait to hear and learn from your experiences!

Shirley :)

[Alan Pederson]

Biggest challenge I faced was getting my wife on board. I was ready to jump in a couple of years before she was. I just kept after her about investing in real estate and she finally caved. 6 months after the first deal, she was 100% on board and started pushing me to find the next house.