Episode 12 – Learning Curve

In the journey of investing I have to say the longest part so far seems to be the initial learning curve. Over and over I keep reading and hearing everyone say they take somewhere between 6 to 8 months for the initial research and learning their niche market. If that's the case I feel somewhat reassured but also challenged at the same time. I am definitely readjusting my time frame and projections for my progress.

I attended a local REIA meeting this week and one of the speakers said something that keep replaying over and over in my head. He said that RE investing is not taught in college and so everything we hear and learn is new and different. I've realized even with all the books, seminars and workshops out there, much of what we do is still un-systematized. There are no manuals or well known established practices.

With all that said, I have begun making calls to this list of mobile home parks that I have compiled. I also drove around two parks today. I also called and spoke with one seller. It was a bit awkward but I think I'm getting the hang of it. It doesn't seem like I did much but I'm still figuring it out. I have to really put together some kind of progress chart and figure out when I have finished learning and ready for investing.

Anyway, still lots to do and much to learn. My spirit is up for the week since I've learn the new fact about the learning curve of this whole process. It's not that I'm happy because I feel like I have more time before taking action. It's that I now know at least there are some common standards among investors in this whole process. Basically, learning about the 6 months learning curve is like finding a well worn path traveling through the woods.

In other news I have taken a break from BP podcasts and have been listening and watching other podcasts. So far so good but I'm pretty sure what BP does is quite unique and very high quality. Well that's all I have for this week folks. Peace.