Updated over 2 years ago on . Most recent reply
Real Estate Beginner
What are any tips or advice you guys can offer to someone who’s looking to get started as an real estate investor
Most Popular Reply
I've said this many times over the last few months and the advice, while generic still fits.
Education x Action = Results. Spend time educating yourself then take massive action to get the most results. This education can come from books, podcasts, videos or from a mentor. Education is the basis of everything, as you gain knowledge you gain options.
Get clarity with your goals and your purpose. Why do you want to do real estate? Do you want to own residential, commercial, industrial? Are you looking for long-term generational wealth or just some side cash to supplement your current salary? I think this is one of the most important things to focus on because it can help guide you on your path and keep you on task.
Stay the course and do not get distracted by this weeks shiny object. There are so many different paths one can follow to success in real estate and as you gain knowledge you will be tempted to stray from your goal. This week it could be wholesaling, next week it could be BRRRR, the following week you might hear about syndication. Knowing your goals can help prevent shiny object syndrome and keep you focused on the task you set out for yourself. If you are bouncing from one task to another you can never master a single one. Instead, focus on one until you master it then look to the next.
Good luck!