Real Estate Investing Basics

The Absolute Best Way to Learn Real Estate Investing

Expertise: Landlording & Rental Properties, Real Estate Marketing, Real Estate Investing Basics
51 Articles Written

As the year comes to a close, I want to take a moment to address those who just got started this year in real estate investing – particularly those who are in the “still learning and researching” mode.

Want more articles like this?

Create an account today to get BiggerPocket's best blog articles delivered to your inbox

Sign up for free

First, I want to congratulate you for getting started, no matter where you are in the process! More importantly, I want to remind you of what I believe to be the absolute best way to learn real estate investing.

Learn by doing.

Experience is the best teacher so start taking action on what you’re learning immediately. As you go along you will make mistakes. That’s ok! It’s all part of the process.

Afraid to say the wrong thing when talking to motivated sellers? Well, you probably will screw up a conversation or two. I certainly did. So what? If you don’t get started and practice talking to sellers, you won’t get deals. Sure, go ahead and research tips on how to talk to sellers and study a script to prepare yourself. Once you’ve done that, get on those phones.

Afraid you’ll offer too much for a property and not be able to wholesale it? Well, sure that happens sometimes too. Mitigate the risk by taking time to study your market and focus on just a few key areas. What’s the worst that can happen? However, once you’ve studied that market and understand what homes are selling for in the area, start making offers! More offers means more deals.

Afraid to network with other investors because they will just smell the “newbie” on you? Come on! Everyone started exactly where you are at some point. Just be real and start talking to others with more experience who you can learn from.

I could go on and on with things that people are afraid of, but you get the point.

Now once you start taking massive action, there’s something else that’s going to really help you learn real estate investing. Ready for it?

Teach others what you know.

Yes, that’s right. Even if you’re new to real estate investing, if you’ve started taking action, you are learning and there is somebody else out there who has even less experience than you. Share your experiences with them and share the knowledge that you’ve gained. Not only does this further cement everything in your own mind, but it can also help someone else break through some barriers. It’s a universal law that you reap what you sow, so if you prove yourself to be one who openly shares knowledge with others you’ll find that others will openly share with you.

Several weeks ago I wrote a post providing a 7-Day Plan for Aspiring Real Estate Investors.  If you haven’t read that, I encourage you to take a quick look.  These tips may sound really simple, but they are often overlooked. Start “doing” and watch that learning curve get shorter!

Image: Michal Marcol /

Shae Bynes is a real estate investor in sunny South Florida. On her blog,, she provides helpful tips and an inside look at her...
Read more
    Chris Cliff
    Replied over 10 years ago
    The point of getting in there and just doing it is important. Too often I see people get paralyzed at the making offers point. Make offers, leave some back doors to bail if the deal isn’t what you hoped, but make offers. Once you have it tied up you can talk to your investing mentors or team and see if it works. That is what feasibility periods are for! The other thing to add is getting good education, and I don’t mean going to the gurus for seminars. Most of that is bunk. Networking with other investors that are active in the field, reading their blogs and staying on top of what the market is doing is a big part of learning the game. I have found one school that does a great job teaching real estate investing, so if anyone is thinking of investing in real estate but doesn’t know where to start, send me an email. I can put you in touch with them. The big thing though is just get out and take action!
    Scott Costello
    Replied over 10 years ago
    Couldn’t be more true! You don’t really know until you do. How many times have you’ve read about doing something and even been shown how to do it, but 5 seconds into doing it yourself you’ve completely forgot everything you’ve read and have been shown? That is why you MUST do it. We all are afraid and we all will hesitate at the door, but if you want to be successful you must go through it. .-= Scott Costello´s last blog ..Giveaway #3: Flip This REO eBook by Stephani Davis =-.
    Shae Bynes
    Replied over 10 years ago
    Thanks for your comments, Chris – you’re absolutely right! Scott, I know you know this to be true! You’re out there takin’ action and that’s why things are coming together for you…no more “Struggling Investor” Woo hoo! .-= Shae Bynes´s last blog ..The saga continues =-.
    Shae Bynes
    Replied over 10 years ago
    Thanks for your comments, Chris – you’re absolutely right! Scott, I know you know this to be true! You’re out there takin’ action and that’s why things are coming together for you…no more “Struggling Investor” Woo hoo! .-= Shae Bynes´s last blog ..The saga continues =-.
    Nick Johnson
    Replied over 10 years ago
    woot woot, another great post by Shae!! It’s amazing how things just sort of happen for you when you take action, isn’t that right Scott 🙂
    Brian Hobbs
    Replied over 10 years ago
    I couldn’t agree more! I’ve been soaking everything up I can for the past 6 months, and I am starting to take action. You hit the nail on the head! It’s the fear of making a mistake that prevents people from achieving their success in real estate. Evey one makes mistakes you just have to make sure you learn from them, and improve. .-= Brian Hobbs´s last blog ..2010 Goals and Progress (or lack thereof) =-.
    Shae Bynes
    Replied over 10 years ago
    Thanks for the comments, fellas! Brian, we’ll be cheering you on! .-= Shae Bynes´s last blog ..The saga continues =-.
    Replied over 10 years ago
    Hello Shea, Thank you for the encouraging words as many of us newbies need them. Right now i’m just starting out, reading everything I can find on this site and looking for good books to buy. I’m also prospecting my area of interest, which I know a great deal about already. I’ve been looking for awhile; now i’m ready to take th bull by the horn. Now it’s a matter of coming up with a strategy that will work form me. Again, thanks for your encouragement and i’m looking forward to sharing what i’ve learned with others.
    matt mathews
    Replied over 10 years ago
    Shea, Very good post for new Investors and lessons to learn for a few experienced as well. I learned many, many years ago from a lifetime mentor who told me to never forget; When in doubt, always go back to the basics that you learned when you first started out. Pick a couple buying strategies you are excited about learning. Then go out and find the niche’ market that, that strategy fits. Master the techniques and dominate your local target market. There’s wealth right in your own backyard that no one else knows about!!! Merry Christmas to all. I wish for you all a very profitable and prosperous New Year!! .-= matt mathews´s last blog ..A LOOMING DOUBLE BUBBLE! =-.
    Ibrahim |
    Replied over 10 years ago
    Great advice. This really follows the Point, Shoot, Aim… strategy, which I’m a firm believer in. Kudos! .-= Ibrahim |´s last blog ..Welcome to =-.
    Neil Uttamsingh
    Replied about 10 years ago
    Hi Shae, I liked your point, ‘teach others what you know’. I think this is a great point, as often times the only people that novice real estate investors can learn from is directly from more experienced real estate investors. Also, you raise a really good point in that the best teacher is ‘experience’. For new investors, often it is so hard to pull the trigger and get started with investing. It will not be until you take the plunge that you truly begin to learn, grow, and evolve as a real estate investors. Best Regards, Neil. .-= Neil Uttamsingh´s last blog ..Robert Kiyosaki — Friend or Foe? =-.