All Forum Posts by: Rachael Osborne

@Rachael Osborne I can understand how you have that AP after reading this thread. There are too many voices and ideas. Nothing wrong with advice you are getting and nothing wrong with learning as much as you can. Someone suggested buy your own home. That is the best place to start; as a home owner. You will go through home buying processes such as getting a loan and negotiating on your home. you will build your confidence. You will learn that what you are learning is not an end in itself. You are likely never going to reach a point of knowing everything there is to know. That information is simply your compass but not your destination. Besides real estate information changes fast. A neighborhood that is out performing this year might be flat next year. So you will never get off the learning train but you can start

My compass but not my destination...why what a powerful way to put it! That's really sticking with me and I will keep that in mind as I go through my journey. Thanks Ika!

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Originally posted by @Felicia Feliciano:

Also , many VETERANS of the RE wars are in wholeheartdly agreement -now isnt the best time to start.

Low hanging fruit has been picked clean. All thats left are shrivelled PRUNES.

Investing education must be taken with a grain of salt. People with no education have been making 100s of thousands of dollars. Timing matters more than knowledge.

Serious, how hard is it to understand down payment, mortgage, buy a house , rent it out.

You're right, the general concepts are pretty easy to get but the devil's in the details. At least from a beginner's perspective it certainly seems that way. I appreciate your point about timing though; I need to figure out the "when", not just the "how". Thanks for your input!

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@Joe Villeneuve I appreciate your insight! Would you mind explaining step 3 a bit more? Would you go about that process by coming up with hypothetical properties you would buy in the future and calculating cashflow to figure out what your investment trajectory would be like? But since you don't necessarily know how the market will change, won't that just amount to a very rough estimate?

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@Bill Liu I'm working through some of BiggerPockets and Robert Kiyosaki's free guides and I've been taking some real estate courses on LinkedIn Learning. I really like your suggestion; I didn't even think of that! I haven't talked to a real estate agent yet but I think that would be a great way to gage where I am.

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@Chris Tarpey thank you for your reply! I do not own a house at the moment to rent but I have considered buying a place and house hacking. I'm in Northern Virginia which does make it a little difficult (prices here are very high) but I will continue to look into it.

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Hello everyone! I am very new to the real estate investing world and am currently in the education phase; I'm trying to learn as much as I can before I get out there. However, the more I learn the more I realize I don't know. I can feel the analysis paralysis starting to kick in. I want to make sure I've learned "enough" before I start searching for my first property but I can tell that it will never feel like enough since there's so much to learn! I know at some point I'll have to just get my hands dirty and get experience in the field. Any tips for pushing yourself to take that next step?

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All Forum Posts by: Rachael Osborne

Rachael Osborne has started 1 posts and replied 6 times.

Post: Tips for Fighting Analysis Paralysis?

Post: Tips for Fighting Analysis Paralysis?

Post: Tips for Fighting Analysis Paralysis?

Post: Tips for Fighting Analysis Paralysis?

Post: Tips for Fighting Analysis Paralysis?

Post: Tips for Fighting Analysis Paralysis?