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Updated about 13 years ago on . Most recent reply
#2 Questions About BiggerPockets & Official Site Announcements Contributor
- BiggerPockets Founder
- Maui, HI
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What's Your Top Tip for New Real Estate Investors?
#2 Questions About BiggerPockets & Official Site Announcements Contributor
- BiggerPockets Founder
- Maui, HI
We all had to start somewhere . . . new investors are thirsty for real estate advice and I think we can get a thread going with some fantastic feedback from many different viewpoints. So . . .
What's Your Top Tip for New Real Estate Investors?
Most Popular Reply
Build a strong foundation of knowledge and identify good experienced people to help/guide you (not guru's who are more interested in your bank account than you).
Don't spend every penny you make in some immature attempt to prove your success. Put some away for those times when money gets thin. Those that prepare and save for the storm typically survive it. Those that don't get washed away with all the other phonies.
Get rich slowly in real estate and you're very likely to remain wealthy. People that get rich quickly usually get poor just as fast.