Nashville real estate advice.

[Davon Miles]

I’m a metro Nashville Teacher looking to get into Real Estate. I’m not truly sure where to start. I bought my first single family home in Goodlettsville a year ago, and I want to make this home a rental. Any advice on how to go about getting my feet wet in Real Estate? 

[Jacob L White]

Hey Davon! The best advice I can give you, and this is going to sound counter intuitive, is to dive in and roll the dice. I got locked into analysis paralysis for years. Read dozens of books, went to seminars, paid many many Gurus enough money to have bought a deal... and after all of that I learned maybe 1/100th of what I learned by diving in and buying a deal.

If you are looking to flip? Analyze a deal as best you can then buy it. I’m not saying go in blind. But the value of your first deal comes from DOING it, not the profit you make. The experience you gain from diving in knowing situations will come up that you don’t know how to handle, then learning how to handle them, that is what will pay off in the long  run. 

And that applies to whatever you are trying to do in Real Estate. You don’t need to know a lot to get started. But you will NEVER know a lot unless you get started.

Does that makes sense? What kind of investing are you looking at getting into?