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Updated about 6 years ago,

User Stats

16
Posts
6
Votes
Veronica Fletcher
  • Boise, ID
6
Votes |
16
Posts

Foundational REI Knowledge

Veronica Fletcher
  • Boise, ID
Posted

My goal for 2019 is to build my foundation of REI knowledge by studying one topic in depth each month. I will be blocking out enough time each day that I can read 6-8 books per month, plus online resources. I have already purchased all of the BiggerPockets books (thanks Black Friday sale!). As I learn each topic, my goal is to use that information to create my investing business plan, and design procedures and scalable systems for each aspect from acquisition through exit strategies.

I would like some help from experienced investors as I decide what my 12 topics should be. I don't need to know everything, but I want to have a thorough knowledge of the basics. So far I have:

  1. Networking
  2. Marketing
  3. Negotiation
  4. Rehab costs
  5. Financing
    1. Options
    2. What are lenders looking for?
    3. Negotiable terms for closing a deal
  6. Property management
    1. tenant screening
    2. tenant retention
    3. value add
  7. Market economics
  8. Cash Flow management???
  9. Managing people???
  10. ???
  11. ???
  12. ???

What other topics should I add? Any suggestions for [non-BP] books or other resources I can devour for each topic?

Your input is appreciated, and hopefully will be useful to BP-ers other than myself.

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