LESSON #9 FELLOW NEWBIES: Don’t just know of facets of things like 1031’s, learn as much as you can about them so you can catch things on the up front rather than the backend.

That's one idea.AS well as there are many other facets of RE investing that do not include buying a rental property... that's just one avenue..

I agree with Rachel Pervis on terminating the agreement.

I have had businesses in the past where you work constantly and make great money but everything else was out of balance and you never had time to enjoy it.Today my mantra is about balance and true happiness in all facets of my life.

I'd like to start with expressing my sincere gratitude for every single individual who has been apart of putting together and contributing to all of the many facets that make up Bigger Pockets.

You might want to look at existing businesses for sale on bizbuysell.comGet owner finance with some down, no build out, existing customer base,etc.I came from the food industry in all facets before getting into commercial RE.Owners of retail centers inline or free standing buildings are not usually going to go for the start ups like you want to do unless they are back filling non-optimal space.

This can be a real estate agent, contractor, handyman, whatever, because there are many facets of the business to learn.

You can be incredibly diversified solely owning real estate, but doing so in several different facets within REI.

@Willie Rogers I agree with @Gino Barbaro being that real estate is multi faceted business involving educating, underwriting, financing, managing and the exit.

If it works for you, great.I don't know all that much about jewelry, but I do know that the stones and fines are very cheap and the mark-up from the stores is huge.I also know that just because the jewelry store can get high prices, it doesn't mean a private individual can sell for high prices.Appraisals are for insurance, not an indication of what you can sell it for.I can buy good faceted gemstones all day long for $2.50- $10.00 a carat.