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Updated almost 18 years ago, 03/02/2007
doing your first deal....
Just a word of advice to beginners who have not yet bought any property....
One major problem that a lot of new people run into is just getting started. The biggest problem I believe is that people end up thinking too much and almost talk themselves into either doing it later, or not doing it at all.
The key is just this..."don't think so much". Just do it. Just do the actions. And do not think so heavily upon these idiotic worst case senarios that will never happen, like a bank foreclosure. Ya right.
Just get a property and rent it out. Just do the actions it takes to buy and stop thinking so much and over analyzing everything. You just got to get that first deal out of the way. Once you get that first deal out of the way it's like losing your virginity. After that it only gets easier. So stop looking at pics of property, jerking your weed and fantasizing about what it would be like to have one; instead just go find one and do it!
No one knows what they're doing the very first time. All you got to know is this. You just got to find one, make an offer, get a mortgage, or two, buy it and rent it out. No big deal. That's the steps. So what are you waiting for you wanker!