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Updated almost 3 years ago on . Most recent reply

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43
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Emmanuel Cano
7
Votes |
43
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beginner in investing

Emmanuel Cano
Posted

hello everyone, I've been with my pro membership for about a month now, I've done nothing but analyze about 50 houses, I don't know what to do now, I don't have good credit or money to pull from to invest, I'm thinking of renting my house to maybe go and rent something cheaper and with that rent to be able to do something, I tried to download the rental applications from biggerpockets but it tells me that it is only for pro members and I am a pro member, I think I am about to give up, I just I sit on my computer and watch the good deals go by, if anyone has an idea of ​​what I can do, I'll be grateful, thanks.

  • Emmanuel Cano
  • Most Popular Reply

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    Scott E.
    • Developer
    • Scottsdale, AZ
    2,989
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    Scott E.
    • Developer
    • Scottsdale, AZ
    Replied

    1. Be patient. I spent around 2 years reading books, listening to podcasts, and participating in forums before I did my first deal. Looking back I'll admit that was excessive and I definitely reached analysis paralysis, but it got me VERY mentally prepared and to date, I have never lost money on a deal (knock-on-wood).

    2. If you're giving up after analyzing 50 houses, this might not be the business for you. I analyze 50-100 deals a month, I'm constantly writing offers, and probably only 1 in 20 offers get accepted.

    3. Build your credit, start saving aggressively, find ways to increase your income so that you can increase your savings, and continue to educate yourself on real estate investing along the way.

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