Top Tier Tips: My REI Journey

[Ryan Tierney]

REI is massive, as you all know. Massive in the amount of money one can make from it, massive in the hundreds of different ways to be involved, and massive with how much is required to learn in order to be successful as an investor.

I am currently starting to kickstart my journey into this world and the amount of information and the amount of learning is... Massive...Get the point yet? The perceived mountainous learning curve in order to begin down this path of investing is daunting, and you will learn something new every time you put your efforts towards acquiring a property - And that is what these Top Tier Tips are meant for. A diary of sorts, that exhibit what I have learned and what I am thinking about as I move forward with trying to purchase my first property.

You may also be a newer Investor and have no idea where to start. Well, if you are reading this then you have already an amazing discovery in Bigger Pockets. I cannot say enough about all the brilliant resources this team has put together and I hope to be able to add some value through my journey and my research.

So, what are these tips going to entail? As I said before - Everything... Have you ever walked through a house and had no idea what you were looking for? Have you wanted to explore off market deals but have zero clue where to start?

I have an unfortunate mindset of wanting to learn the intricacies about a lot of questions like the ones above. I say unfortunate because it is a double edge sword, on one end it pushes me to ask meaningful questions in order to explore more about the certain topic. This leads to a buildup of knowledge which I believe is very crucial. It also means I spend A LOT of time researching, troubleshooting, and putting in way more time than needed to get an answer... As I progress down this road, I keep in mind that once my portfolio starts to build, I will need to start trusting others and outsourcing some of this work in order to make better use of my time.

But for now, hopefully you all can benefit a little from my obsession to learn. I am writing these Tips from a view of - If I had this question, I assume others did too. Some may be specific, and I am by no means an expert, but I will do my best to provide value to you all.

I hope you enjoy and please feel free to reach out, comment, provide constructive criticism, and share if you find it helpful.

- RT