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Updated about 10 years ago on . Most recent reply

User Stats

13
Posts
2
Votes
Chris Flitney
  • Real Estate Investor
  • Staunton, VA
2
Votes |
13
Posts

New investor looking for mentors

Chris Flitney
  • Real Estate Investor
  • Staunton, VA
Posted

I am a new investor, based in the northern virginia are. 

My wife and I just started our first real estate investment business and I am feeling a little overwhelmed with the learning curve. Please ease my mind about what I do know and help me to keep learning every day.

Most Popular Reply

User Stats

244
Posts
69
Votes
Sean Ploskina
  • Investor
  • Virginia Beach, VA
69
Votes |
244
Posts
Sean Ploskina
  • Investor
  • Virginia Beach, VA
Replied

Welcome to game Chris.

Go look at a property today.  Do it everyday, doesn't matter what it is.  You will need the experience of just looking at options.

Be conservative with your numbers.  Take your projections and add another 10% to the expenses.  Until you really get a feel for how to analyze you will tend to be a bit rosy.

Be ready to make a mistake.  Because you will, and it will cost you money so be ready for that.

Have fun!  if it isn't fun you might as well just stick you the regular jobs!

  • Sean Ploskina
  • Loading replies...