Real Estate Investing Gone Bad by Phil Pustejovsky

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Just got the audiobook. Very educational! It sounds hard to believe but makes me want to think twice about how I approach real estate.  Some catches that I noticed were:

1) Get your real estate license so that you could protect yourself even just to do a wholesale deal.

2) Hard money lenders, wholesalers, professionals in law... anyone can screw you from a deal.

3) You almost always need a mentor.

This makes me wonder, can someone really start from the bottom knowing just a scratch about real estate investing. I would still take some risks on my own when I must. The question I ask to all the experienced BP members out there would be: Is it possible to invest in real estate with so limited knowledge?

[David Dey]

@Brian Gibbons is being humble. If you wanna learn something, Brian's info is some of the best I've seen!!

@Nikki Grizzle and @Marcin Chojnacki make good points as well. Now here's my 2 cents.

I started out from below scratch. No money, no income, bad credit!! When I first started, I was one of 5 adults and 3 dogs living in one unit of a dive motel in Lakeland. Here is a link to a post where both Brian and I tell our personal stories on how we both started. Both are on the first page of this link.

https://www.biggerpockets.com/forums/12/topics/244...

(I personally think Brian's story is closer to how it should be done. You will see, in both instances, that there ended up being a mentor involved. This will come into my next statements momentarily)

I started with one of the best beginners courses that I still consider one of the best ever!! And the best part is that you can now get it for free!!

Carltonsheets.com offers you all those courses from way back when, for free... If you put your email address in. (I have a spam email address that I put into all squeeze pages that offer me something I'm interested in but don't want clogging up my main email) You will find one of the most comprehensive beginners course in those pages that are still relevant to this day.

That being said, had I not found a mentor, or more truly had a mentor not found me, I might not have made it to this point.

I have said it before and I'll say it again, this is truly one industry that needs to go back to the tradesman/apprentice scenario.

Most of the foolish beginner's pitfalls and potholes could be avoided by learning from someone who has already made those mistakes, learned from them, and moved on to success.

If you have spent any amount of time here on BP you will have come across numerous posts from investors who blast the novice entrepreneur for clogging up the market with bad deals, or more concerning to me, accidentally break the law and risk major issues. Well again, most of these issues would be resolved by working under a seasoned real estate professional that could teach them the ropes and could steer them along the straight and narrow.

My recommendation is for you to go ahead and get your license for the basic knowledge and the credentials to legally do your business, then find an investor that is buying for themselves and succeeding in this business and volunteer your services for strictly for the education.

For more of this soapbox speech and practical tips on how you can actually find that person, here is another link!!😜

https://www.biggerpockets.com/forums/12/topics/268212-still-havent-made-progress?page=1#p1754108

I do hope this helps!! :)