Hey all. Very confused on where to start with sooo much info out there so let me tell you where I’ve come from.
So I guess I am new to investing… kinda. I actually had a failed rental home years ago due to it being semi forced into as we had a home in the Seattle area we had to move out of (and out of the area) right as the pandemic set in and so we couldn’t sell it at the time so rented it for a year. It was essentially a break even/lose a little type deal and after a year we sold. Not the best experience but also didn’t buy the home with intent to rent so it was a suboptimal situation to begin with.
Due to “circumstances” I am considered an accredited investor and I’ve looked at syndication for quite awhile and decided to take the plunge with Brandon (Turner) on one of his ODC offerings but it’s still very new so nothing much to report there. I like the syndication idea and will do more at some point but an extra $100k to invest isn’t going to pop into my bank account every month so not sure how often that will happen.
I am confused due to both information overload as well as vague information. I've read numerous books in the bigger pockets collection, some books not in there, Rich Dad, etc. The thing that I have noticed is that all do nice jobs in creating the right investor mindset (debt is good as long as it's good debt) and giving you a general idea of how to do things, but no resource I've found or read teaches how to go from A to B specifically and explains any of the processes in detail. At this point I know the concepts behind to house hack, fix and flip, arbitrage Airbnb, BRRR, etc, etc, etc but do not actually KNOW how to do any of them in detail to the point that I feel I could take the process from A to Z without pitfalls and mistakes.
Everyone here seems to poo poo the idea of paying “gurus” money to learn systems and how to do these things step by step but no one seems to offer ways to learn the actual steps that doesn’t want to charge you so doesn’t that make all of them “gurus”? What the difference in paying a Pace Morby or someone like that vs paying the hundreds or thousands of dollars for the bigger pockets boot camps or paying a couple thousand dollars to go to a conference? Just seems strange people hate people who ask for money for knowledge (gurus) but that’s happening with even some of the most benevolent names in the field, even bigger pockets big names.
Just not sure if this becomes a “just fall in and you’ll learn” type of thing or if I’m missing some good starting point for someone at my level who knows quite a bit but just doesn’t seem to be putting all the pieces of the puzzle together yet.
