My Pet Peeve: Newer Investors Who Don't Know What They Want

As a real estate agent, I've worked with a lot of people who are new to the game. And one of my biggest pet peeves is when someone comes to me and says, "Just find me a good deal."

The problem with this is that there is no such thing as a "good deal" in a vacuum. What's a good deal for one investor might not be a good deal for another. It all depends on your investment goals, your risk tolerance, and your financial situation.

So before you start looking for properties, it's important to do your homework and figure out what you're actually looking for. Here are a few things to consider:

• What type of property do you want to invest in? Do you want to buy a single-family home, 2-4 family home, AirBnB rental, or an apartment building?
• Where do you want to invest? What city or neighborhood are you interested in?
• How much money do you have to invest? This will determine the price range of the properties you can afford.
• What are your investment goals? Are you looking to buy and hold for the long term, or are you interested in flipping properties?
• What is your risk tolerance? How much risk are you willing to take on?

Once you have a good understanding of your investment goals, you can start looking for properties that meet your criteria. But don't just focus on the price. Also consider the location, the condition of the property, and the potential for appreciation.

It's also important to do your due diligence on the property and the seller. Make sure you have a good real estate agent who can help you navigate the process and protect your interests.

I know it can be tempting to just jump into real estate investing without doing any research. But it's important to take the time to understand what you're doing. Otherwise, you're setting yourself up for failure.

So if you're a newer real estate investor, don't just ask for "a good deal." Do your homework and figure out what you're actually looking for. It will save you time, money, and headaches in the long run.

Here are a few additional tips for newer real estate investors:

• Network with other investors. This is a great way to learn from others and get advice.
• Read books and articles about real estate investing. There is a wealth of information available to help you learn the ropes.
• Take a real estate investing course. This can be a great way to get hands-on experience and learn from experienced investors.
• Start small. Don't try to do too much too soon. Start with one property and learn from your experience.

Real estate investing can be a great way to build wealth. But it's important to be prepared and do your research. By following these tips, you can increase your chances of success.