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Updated almost 10 years ago on . Most recent reply

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Rishi Patel
  • Philadelphia, PA
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IF YOU HAD TO START OVER

Rishi Patel
  • Philadelphia, PA
Posted

I am brand new to BP and to Real estate investing compared to most here, so i am looking for Do's and Dont's.

Please give any advise or suggestions you may have, I will be grateful in my journey to better future.

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Brian Gibbons#5 Guru, Book, & Course Reviews Contributor
  • Investor
  • Sherman Oaks, CA
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Brian Gibbons#5 Guru, Book, & Course Reviews Contributor
  • Investor
  • Sherman Oaks, CA
Replied

@Rishi Patel

I would make these kind of contacts right away

A broker of residential real estate 30 years experience

A broker of commercial real estate 30 years experience

Financial planner to understand accumulation of wealth with the stock market, mutual funds, etc

Go to www.ftc.gov and www.myfico.gov and www.investopedia.com - learn as much as you can there

A real estate flipper locally and understand how you can buy, fix it and resell

I would go to Toastmasters right now and learn how to give a great speech

See a title company manager and buy books on closing residential property

Understand leasing property and eviction procedures in your state

Learn what brokering contracts mean as a real estate agent vs not being licensed in your state and see if you can assign or sell real estate sales paperwork in your state

Go to every REIA meeting you can, get a business card that says "I buy houses and solve problems"

Pick up books on negotiating Roger Dawson is excellent

That list should keep you going for quite a while

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