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Updated over 4 years ago on . Most recent reply

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Alancha Thompson
  • Rental Property Investor
5
Votes |
27
Posts

How did you start? What came first?

Alancha Thompson
  • Rental Property Investor
Posted

I’m curious...Did you just jump in to Real Estate Investing first and then learn the game or take the route of learning then investing?

I read Brandon’s guide of 7yrs to Wealth and thought his strategy of investing in Year 1 and then taking Y2 to learn very interesting.

Considering the approach as a newbie.

Which route did you take?

Most Popular Reply

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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
7,582
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

I don't see how it would ever be advisable to invest first and learn second. Because to do that you are placing your trust and money into the hands of someone who knows you know nothing. It's like when you take your car in and they tell you have six things wrong and you know nothing about cars. You can either take it somewhere else and see if they are lying or just accept it because you don't want to waste the time. This is what will happen if you toss money into something you haven't learned about yet. REI is wide, you can be in all different parts of it. Wholesale, buy and hold, fix and flip, and a million other things. What are your goals? Wealth? If wealth-building is the goal, research and knowledge should always come first to protect the money.

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Zen and the Art of Real Estate Investing
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