Brand Spanking New... what’s the fastest path to success?

[Ray Rhoads]

I’m probably the millionth person to ask but.... I’m just starting. I read “The Book on Rental Property Investing” and “The Millionaire Real Estate Investor.” I feel like I have a good grasp on the concepts and principles, I feel like I know the why’s but not the how’s. How did you learn you’re “weak areas?” For me managing rentals, contracts, knowing the laws FEEL so far from me understanding them. Lol. Thanks! Ray

[Ali Boone]

I have a very unofficial thought on how you can learn your weak areas... unofficial in that I'm just making it up but I think it's something that's worked for me...

Instead of looking for your weak areas specifically, look for your strengths. And do that by following what really gets you pumped or excited. That's an easier feeling to follow, I think, and that will point your towards what may be your strengths. All the while, anything that makes you gag a little when you think of it or roll your eyes or gives you a sense of dread, those are probably more of your weaknesses. 

It doesn't always work out that way.... for example, I'm a really good landlord (as I've found out just this year) but the thought of being a landlord makes me want to run straight into a concrete wall. But I'm good at it. But even so, it's not something I want to make a habit of. The part of it I am good at though is the project management side of it. So I can take the project management and apply it to other things.... like how I manage all of the property managers who landlord my others properties for me and I keep all of that running smoothly.

So mix your interests and strengths and follow those, and then just be aware of what may be your weaker suites.