Comments on: First Time Real Estate Investors’ Excitement and Fear http://www.biggerpockets.com/renewsblog/2008/02/05/first-time-real-estate-investors-excitement-and-fear/ Learn, Network, Invest Sat, 11 Feb 2012 20:37:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mike Farmerhttp://www.biggerpockets.com/renewsblog/2008/02/05/first-time-real-estate-investors-excitement-and-fear/#comment-54414 Mike Farmer Thu, 07 Feb 2008 22:19:30 +0000 http://www.biggerpockets.com/renewsblog/2008/02/05/first-time-real-estate-investors-excitement-and-fear/#comment-54414 Good luck, Den. Do your homework! Good luck, Den. Do your homework!

]]> By: Denhttp://www.biggerpockets.com/renewsblog/2008/02/05/first-time-real-estate-investors-excitement-and-fear/#comment-54408 Den Thu, 07 Feb 2008 20:58:26 +0000 http://www.biggerpockets.com/renewsblog/2008/02/05/first-time-real-estate-investors-excitement-and-fear/#comment-54408 You've made very useful article. I haven't bought anything yet but I'm about to so i'm excited. Your article is vitaly valuable for me You’ve made very useful article. I haven’t bought anything yet but I’m about to so i’m excited. Your article is vitaly valuable for me

]]> By: mirgihttp://www.biggerpockets.com/renewsblog/2008/02/05/first-time-real-estate-investors-excitement-and-fear/#comment-54403 mirgi Thu, 07 Feb 2008 17:45:39 +0000 http://www.biggerpockets.com/renewsblog/2008/02/05/first-time-real-estate-investors-excitement-and-fear/#comment-54403 Ufff very valuable expierence Ufff very valuable expierence

]]> By: Mike Farmerhttp://www.biggerpockets.com/renewsblog/2008/02/05/first-time-real-estate-investors-excitement-and-fear/#comment-54372 Mike Farmer Wed, 06 Feb 2008 17:40:03 +0000 http://www.biggerpockets.com/renewsblog/2008/02/05/first-time-real-estate-investors-excitement-and-fear/#comment-54372 Thanks, everybody.Johnny, yes, my first yielded less than I'd expected, but like you say the experienced was valuable. Thanks, everybody.

Johnny, yes, my first yielded less than I’d expected, but like you say the experienced was valuable.

]]> By: Johnny Davishttp://www.biggerpockets.com/renewsblog/2008/02/05/first-time-real-estate-investors-excitement-and-fear/#comment-54369 Johnny Davis Wed, 06 Feb 2008 15:34:59 +0000 http://www.biggerpockets.com/renewsblog/2008/02/05/first-time-real-estate-investors-excitement-and-fear/#comment-54369 Great article. I jumped into the real estate investing world a couple years ago...well, that is when I got interested in investing. Took me almost 2 years to have the courage to pull the trigger. Got a great deal...so I thought. Bought the home at 65% ARV. Good deal right? I underestimated the repairs. Long story short, instead of making around $40,000 like I originally planned, I will make about $15,000. Still not bad, but the experience is the biggest pay day. Great article. I jumped into the real estate investing world a couple years ago…well, that is when I got interested in investing. Took me almost 2 years to have the courage to pull the trigger. Got a great deal…so I thought. Bought the home at 65% ARV. Good deal right? I underestimated the repairs. Long story short, instead of making around $40,000 like I originally planned, I will make about $15,000. Still not bad, but the experience is the biggest pay day.

]]> By: Steven Boorsteinhttp://www.biggerpockets.com/renewsblog/2008/02/05/first-time-real-estate-investors-excitement-and-fear/#comment-54356 Steven Boorstein Wed, 06 Feb 2008 04:52:44 +0000 http://www.biggerpockets.com/renewsblog/2008/02/05/first-time-real-estate-investors-excitement-and-fear/#comment-54356 Nice article Mike. With beginning investors I find they work in series. First, excitement about doing deals. This is good, of course, but can lead to bad decisions. However, once a deal is accepted, fear takes over. This can mess up a perfectly good deal, too.I also agree that real estate investing should be done in steps. Start small and work your way up. It's not a race, it's a business that is built one property at a time.Steven Boorstein Nice article Mike. With beginning investors I find they work in series. First, excitement about doing deals. This is good, of course, but can lead to bad decisions. However, once a deal is accepted, fear takes over. This can mess up a perfectly good deal, too.

I also agree that real estate investing should be done in steps. Start small and work your way up. It’s not a race, it’s a business that is built one property at a time.

Steven Boorstein

]]> By: First Time Real Estate Investors’ Excitement and Fear | The Long List of Odysseus Medal Nominees | Realtors and real estate, mortgages, lending, investmentshttp://www.biggerpockets.com/renewsblog/2008/02/05/first-time-real-estate-investors-excitement-and-fear/#comment-54352 First Time Real Estate Investors’ Excitement and Fear | The Long List of Odysseus Medal Nominees | Realtors and real estate, mortgages, lending, investments Wed, 06 Feb 2008 00:50:45 +0000 http://www.biggerpockets.com/renewsblog/2008/02/05/first-time-real-estate-investors-excitement-and-fear/#comment-54352 [...] First Time Real Estate Investors’ Excitement and Fear, by Mike Farmer. [...] [...] First Time Real Estate Investors’ Excitement and Fear, by Mike Farmer. [...]

]]> By: Anonymoushttp://www.biggerpockets.com/renewsblog/2008/02/05/first-time-real-estate-investors-excitement-and-fear/#comment-54347 Anonymous Tue, 05 Feb 2008 23:38:21 +0000 http://www.biggerpockets.com/renewsblog/2008/02/05/first-time-real-estate-investors-excitement-and-fear/#comment-54347 Thanks for the post, very helpful. Especially agree with the two teachers - excitement and fear. Thanks for the post, very helpful. Especially agree with the two teachers – excitement and fear.

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