New to Real Estate Investing?  Five Easy Ways to Learn All You Can – Starting Right Now!

New to Real Estate Investing? Five Easy Ways to Learn All You Can – Starting Right Now!

2 min read
Kevin Perk

Kevin Perk is a full-time buy and hold and fix and flip real estate investor with over 15 years of experience. He and his wife Terron operate Kevron Properties, LLC, a boutique real estate investing company in Memphis, Tenn.

Experience
Kevin was a past president and is a current board member of the Memphis Investors Group. He’s also a blogger and writer who has authored hundreds of real estate investing articles on BiggerPockets and his own blog, SmarterLandlording.com, some of which have been featured on The Motley Fool and MONEY: Personal Finance News & Advice.

Kevin is also host of the SmarterLandlording podcast.

Originally from the Washington D.C. area, Kevin moved to Memphis to attend graduate school at The University of Memphis. After receiving his master’s degree in City and Regional Planning, Kevin climbed the planning career ladder to eventually become planning director of a county in the Memphis metro area. He “retired” from planning in 2003 to pursue real estate investing full-time.

Since “retiring,” Kevin’s main real estate investment strategy has been to buy and hold, otherwise known as landlording. Generally working in historic Midtown Memphis, Kevin is also known to fix and flip grand, historic homes when the right opportunity presents itself. He and his wife Terron (who is the principal broker at Perk Realty) have participated in dozens of real estate transactions in the Memphis metro area.

Kevin has the heart of a teacher and believes in helping others through education. An instructor of college-level geography for over 25 years, Kevin also regularly participates in seminars and panel discussions at such forums as the Memphis Investor’s Group and the Single-Family Rental Summit.

In addition, Kevin has been interviewed in publications such as the Memphis Commercial Appeal, the Memphis Daily News, and the Foreclosure News Report.

Education
Kevin earned a master’s in City and Regional Planning from The University of Memphis.

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If you are thinking about becoming a real estate investor, I want to say congratulations.  Real estate investing is one of the most interesting and satisfying ventures you can get into.   Real estate was completely new to me when I started and it may be to you as well.  Don’t worry about that, you can learn and change your mindset.

Here are five things I did when starting out (and still do) that really helped me.

  1. Read every book you can on real estate investing.  It does not matter what the topic is or how big or small.  You need to learn real estate terms, concepts and business models.  Reading these may even help you decide what aspect of real estate investing you want to get into. (Be sure to check out the “21 Best Books for Real Estate Investors” list from BiggerPockets)
  2. Download and listen to podcasts.  Listen to them while driving, cleaning house or whatever.  Use your time as best you can to fill your head with real estate knowledge. (Be sure to check out the BiggerPockets Podcast!)
  3. Start to scan the business pages every day, either online or in your local paper.  Even though most articles will not be about real estate investing, they will be about business, other forms of investing, entrepreneurs, taxes, etc.  You can learn a lot about business terms and concepts, how business people think and what they watch for.  I subscribed to and read the Wall Street Journal every day at lunch for example.  Over time, your brain will begin to absorb what you read and you will begin to apply what you are learning to not only your new business, but your everyday life as well.
  4. Read free content that you can find on BiggerPockets and other real estate related websites.  The forums often have some really great stuff written by very experienced investors.
  5. Finally, attend and participate in business oriented meetings.  These could be local REIA groups, or other business related groups.  If you live near a college or university, they often offer free business related lectures.  Go and listen. Take full advantage of any type of offering to meet and mingle with other business people.  For example, we have a weekly real estate investor’s lunch that anyone is free to attend.  I have learned more at those meetings that almost anywhere else.  Don’t have a real estate group near you?  Start one with Craig’s List.  Cultivate the connections you make as they can grow into very resourceful friendships.

The key with the above is to fill your brain with the thoughts and concepts that will enable you to be successful.  Unfortunately, very little of this is taught in formal education so you often have to retrain yourself.  But, it does not take long.  Before you know it, you begin to see the world differently.  Your new knowledge is working, your mindset has changed.

Photo: ammgramm