I am a newbie real estate investor, and I have been educating myself for the last couple of months. Listening to podcasts daily, reading real estate related articles every day, real estate books, connecting and networking with local investors, the works.
It has been mentioned dozens of times on the Bigger Pockets Podcasts and through my research that new investors should analyze and practice running the numbers on potential real estate properties before jumping into your first investment.
I am curious to see approximately how many deals that more experienced investors analyzed and crunched the numbers on, prior to your first deal. Or, about how long did you educate yourself before starting out on your first deal?
I plan on getting into my first deal within the current calendar year, but this info would definitely give me a good idea on where I currently stand as compared to the more seasoned and successful investors.
Thank you in advance for your responses!