Real Estate Investing 101

[Steve Kontos]

Hello BP community,

Just a little food for thought…as someone who has been actively involved in the real estate investing part of the business. Over the years I have seen various people come and go in our business. I have seen/heard of many individuals coming into this business looking to make quick money; People who refuse to give the business proper time and respect first. These people may do one deal, end up falling on their heads and swear to never return. You have others who will do one deal successfully and decide to move on to something else due to the time being too long during their first deal. Etc.,etc…..

Then you have the select few who “get it”. The ones that take the time to educate themselves FIRST, shadow those who have succeeded in this business, read books, go to networking events, and after properly equipping their mindset; get their first deal.

This is by no means me venting or even a means to plug something. I notice that there are many newbies who are within the BP community and are itching to get involved in deals. This is just simply a piece of advice for those who are serious about building their portfolios. I truly believe the reason why we succeed in this business is because we equip ourselves fundamentally first.

On that note…..Enjoy the journey!

[Account Closed]

Thank you for this post.  I have started referring to myself as an investor, not because I have actually started or completed a deal yet, but because I am vested in the process.  I originally wanted to flip houses because I thought it was a quick way to get money (I watched way too much HGTV).  Once I started I realized that it is like anything else I am involved in, so I started the learning process.  I am TOTALLY excited about getting a project started, but am equally patient.  I am thankful for my contractor, as we are working as a team and he is showing a lot of "in the field" things that help the theories and ideas make a lot more sense.  Either way, I am dedicated to the process.

Thanks again,

.Ni.