Novice Investor: What to do and What Not to do

[Don Konipol]

Best Things to Do

1. Obtain education on the principles of real estate

2. Obtain education on real estate law

3. Apprentice with an established real estate operator - even better if it’s the aspect of real estate

you’re most interested in

4. Obtain a real estate salesman’s license

5. Read real estate text books and biographies of famous real estate operators

6. Participate in BP forums

7. Attend real estate networking events

Worst Things to Do

1. Spend $40,000 to join a mentoring group because of a YouTube video and 5 phony testimonials

2. Believe that the above mentioned mentoring will provide all the knowledge you need to be

successful investing in real estate

3. Believe that you have even a 1% chance of earning minimum wage trying to “wholesale”

4. Spend you savings purchasing a property you have no ability to operate

5. Spending all your funds to purchase a property and have nothing left to provide “staying power”

6. Buying a negative cash flowing property because you’re able to buy with no or low down payment