Originally posted by @Miranda Simon:
@Chauncey Perkins welcome to BP! I’m new to the world of Real Estate Investing.
I can relate to being anxious about making a switch over. It took me 3 months of study with mentorship before I became comfortable and ready to roll.
The best advice I received at the beginning, which I have not heard anyone so far mention, was to first become “legal and compliant”. Real Estate investing is a very legal intensive business. If you start-off becoming legal and compliant you are less likely to have issues down the road. I obtained my own Real Estate Attorney first. I like smooth sailing.
One last tip to consider “OPM” seek to invest using “other people’s money”.
All the best to you in your journey!
Miranda, who do you have on your team? I see Real Estate Attorney. I'm thinking I need one of those, a CPA that deals with REIs, a financial planner, a project manager and a property manager.
