Getting Past The Education Stage And Into The Action Stage

[Calvin Schmeling]

I am currently in the education stage of my real estate journey and eventually want to make the transition of doing it full-time. I have read multiple books on overview of real estate, corporate/LLC structures, property management, etc. and now I want to take that next step into the action stage. My biggest takeaway from the books I read and investors I have talked to is having the right team around me and not overloading where I don't need to overload. In your first property did you do it all by yourself and formed a team as you went along such as a good CPA/tax advisor, attorney, bookkeeper, etc? For my first couple deals I would like to go into low money to no money down creative deals and not go through a traditional lender. What is your advice for me before I start jumping into things?

[Mike Dymski]

Analyze 50 real opportunities, that will help you learn your market and define your criteria, and start making offers in line with that criteria.  You can figure out the team along the way...that will happen organically.  Having deals on the line are like dog years of education (and team building).