Said it before and I’ll say it again
If you are a new investor you have to get your hands dirty and touch your real estate. It is not about just buying properties or investments but about putting a long term business together.
I didn’t always get that. I thought I was setting the world on fire just buying multiple properties and that would set me free. Please learn from my mistake. I invest 3 hours away so it is not easy for me but I now spend several weekends a month in my investment market turning properties as they go vacant.
I strongly believe this makes me a better investor. It also gives me experience as I work my way towards investing full time some time in the future.
Good Investing
Comments (1)
You said it, Michael. Sure, you could get away with buying one or two properties and run them without too many problems. People get lucky. But without a plan and the knowledge of running a real estate BUSINESS, you're sure to fail in the long run. There are just too many things that can go wrong.
Joshua Dorkin, about 15 years ago