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Updated about 4 years ago on . Most recent reply
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Adapting and Overcoming
Hey guys! So I’m new to RE, and from listening to BP podcasts, watching YouTube videos and reading books, I’ve gained a lot of valuable information! And for someone who is just starting out it’s great!...but also a little overwhelming. I was curious if anyone had some insight on how you narrowed your focus with an overwhelming amount of information!
(And if anyone is curious, I’m interested in fix and flips!)
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Hey Zack, I would recommend starting with what you know. Usually that means your local market(s). Maybe think about a house hack? Its a great way to learn about REI while saving on your personal finances at the same time.
You may also want to speak with local investors via meetup groups in your area. If you can find one, start one!
Lastly I would recommend you think about your long terms goals and work backwards from there vs thinking about how do you flip 50 properties a year. Thinking about it this way allows for you to think about what your most important next step is.
If you need any additional advice feel free to reach out and we can chat.
Good luck and get ready for the ride!