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Posted about 6 years ago

On Finding Resources to Increase My Knowledge

As I continue to explore the web, I see a lot of non-traditional resources out there and I think they're underutilized.

I also think traditional methods aren't being used enough. It seems like people are going after one element and forgetting about the rest.

What exactly do I mean? Allow me to elaborate!

Family and Friends

I understand why people don't tap into their personal network for information on real estate. We, as a society, are weird about money. We go on to our blogs to talk about our net worth but we don't want our friends and family to know how much money we make in a year.

How bizarre is that?

I fell like if we're looking into purchasing local real estate, our friends and family should be one of the first networks that we try to tap. They don't have to know all of the details, but gathering as much information as possible seems relevant.

Calculators

I love online calculators. And there is one for pretty much everything these days. 

You've got them for mortgages, insurance calculators , there are even calculators to help predict your long-term investment gains!

Blogs

It can be really hard to sort through the good and the bad information online. There are a few real estate blogs that I've found that seem to be really solid. But there are also plenty of people who are just like me.

They don't really know how to start and they're struggling to raise capital for their first venture. If you're wealthy, I would imagine that this entire process is substantially easier. Where is the info for people who have less money but are eager to grind and work hard?

Another issue is with this very site and others like it. There's just too much information here. I know there is a wealth of knowledge on BP, but finding exactly where I should start is a bit overwhelming.

The Bottom Line

People like me need to use all of the resources we can get our hands on. As I continue to wade through this ocean, I'm finding good and bad.

I must say, the time sink is incredible. I spend a ton of time flipping through blog after blog. A lot of them say pretty much the same thing over and over again. And none, or very few of them, have tips for raising capital and getting that first property in the bag.

So if anyone out there has a few tips for me, I'd greatly appreciate them. Thanks in advance.


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