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Updated over 5 years ago on . Most recent reply

User Stats

42
Posts
11
Votes
Briannan Burns
  • Real Estate Agent
  • Birmingham, AL
11
Votes |
42
Posts

What's One Thing You HAD to Learn Hand-On?

Briannan Burns
  • Real Estate Agent
  • Birmingham, AL
Posted

I've been studying wholesaling for about a month now & feel as though I know the basics pretty well. I think the main thing stopping me now is analysis paralysis, and getting ahead of myself wanting to jump into rental properties, even though I don't have the capital to do so.

I know that if I keep letting fear hold me back, I'll never get started. I believe experience is the best teacher. 

So, in an effort to jump in & get started in my REI career.. I was curious as to what some experiences you all have had that studying terminology, studying definitions, watching videos, and exploring other educational material just couldn't have possibly prepared you for. What is something (or some things) that you absolutely needed to actually get in there & experience, before you really understood, or felt more comfortable & at ease about, the situation?

Thanks for all your help!

Most Popular Reply

Account Closed
  • Rental Property Investor
  • New Castle, DE
102
Votes |
95
Posts
Account Closed
  • Rental Property Investor
  • New Castle, DE
Replied

Contractors, contractors, contractors. You can read all the horror stories you want but nothing better prepares you than walking in your house one day to see contractors doing a horrible job, smoking while cleaning the house/wet paint on the walls, completely not showing up to job sites, something comes up and becomes more expensive. You can be a master of the numbers but managing people is something you have to experience first hand. Learning how to properly describe what you want, tell someone they did a bad or incorrect job and finding ways to rectify and issue. These are thing you can go your whole life without experiencing. And let me tell you that is something that transfers into everyday life. I promise you will learn more on day one of owning a rental than anything you're currently doing. At least for me.

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