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Updated over 5 years ago,

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Michael Ealy
  • Developer
  • Cincinnati, OH
3,433
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1,582
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If you can travel back in time...what will you TEACH yourself...

Michael Ealy
  • Developer
  • Cincinnati, OH
Posted

If you can travel back in time (say go back 20 years in 1999) and be able to meet your younger self - what will you TEACH yourself about real estate investing. Knowing what you know now...

Let me start...

  1. I will teach myself to STOP the "No money down" guru crap I was about to embark on (so I can avoid bankruptcy)
  2. I will teach myself to have FINANCIAL DISCIPLINE - not show off but live a modest, simple, and FRUGAL life
  3. I will teach myself to FOCUS ON THE BIG DEALS and I will teach myself HOW to do BIG DEALS, instead of wasting time on the smaller deals
  4. I will teach myself how to RAISE CAPITAL, combined with personal discipline so that I can have a HUGE CASH RESERVE so I can buy as many properties in the years 2008-2011 as possible
    - I bought a lot of properties in 2008-2011: I actually thrived during the recession but I wished I bought more :)

What about the experienced real estate investors out there? What will you teach yourself if you can go back in time 20 years?