About knowing what you want to learn

[Bella P.]

Hello,
I am keen on making real estate investing my career. I have dont have much knowledge about real estate. My problem is that I really don't know what should be my niche. Even if I start looking for a mentor I am afraid I'll look rather confused about what I am trying to do. I have read the Beginner's Guide on BP but I am still confused about specific steps that I should take. I live in South Florida and there are plenty of REIC's here which makes it difficult for me to choose a right one for me.
I am hoping to learn a lot of new things from here.
Thank you.

[Bill Gulley]

I guess people don't want to learn RE at the foundation level as they may not see knowing what RE actual is doesn't quickly click to making money, what is missed is that failing to start out and build a good foundation of knowledge means you will always be balancing the walls of building a business against other systems or strategies.

If you don't understand the proper use of deeds, you'll never know how or when to use a Special Warranty Deed.

The niche you may specialize should come from experience and the market influences you must deal in. You don't start of saying I'm goind to be a Lease-Option specialist, now I need a L/O mentor/coach and go do L/Os, that's totally wrong in building a business. If you do that you will pass other opportunities you never see.

An attorney doesn't start out by learning jury selection techniques, the begin by studying Law 101. An electrical engineer doesn't begin going into load transfers of power grids, but from how electricity works.

A specialist working an any niche will never be a great specialist without knowing the basis that apply to that niche.

If you want to be a limited "deal maker" buy a tape and see if that works for you, if your want to be a professional, start at the beginning and learn. It does not take that long and it will put you years ahead of those who don't build a good foundation.

My rant is over... :)