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Updated about 5 years ago on . Most recent reply
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- Real Estate Consultant
- Mendham, NJ
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How To Get the Best Answers To Your Questions in These Forums
The forums are full of good questions and bad questions. The main error I see with new investors trying to get answers to their questions is that they aren't giving enough information about themselves to even warrant a response. If you don't have your profile filled out and your question is just a general "What should I do first to invest?" you could just look up that exact same question and find the basic answers that won't help you.
If you want to get the best answers to your questions in these forums, especially if you are new, try this:
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1. Give us some background as to why you want to invest.
2. Let us know what kind of capital you have to invest.
3. Let us know what background you have in real estate or how much you know. Things like, are you planning on getting your license? Have you seen any properties in person? Do you have any contacts in the business?
4. If you want a mentor of some kind, tell us what you have to offer other than just being a willing participant to soak up knowledge.
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I see way too many people looking for help, but not offering anything in return. Many of us like to help the new guys, but we need as much information as possible to best help you. The more general your questions are, the less helpful the answers will be. Bring something to the table, tell us something, don't just post one sentence all about what you want and think everyone is going to hop on that question just to help.
Last thing, if you haven't seen any properties in person and you have done all of your deal analysis online, you haven't done anything. Meet an agent who you can be friends with, who also likes to invest, and go with them and just look at junk properties so you know what it actually looks like in your market to be a 100k handyman special. You can't be an online investor. You need to see houses, as many as you can, all the time, every week.
- Jonathan Greene
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- Podcast Guest on Show #667
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