Real Estate Investing Basics

6 Easy Ways to Be Taken Seriously As a Newbie Investor

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In order to be taken seriously as a real estate investor, I must have experience…

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In order to have experience, I must do deals…

In order to do deals, I must be taken seriously…

Hmm. Sounds like a Catch-22, doesn’t it?

Well, fear not, young investor! You don't need to have $1 billion in real estate or properties all over the world in order to be taken seriously as a real estate investor. As a matter of fact, here are a few easy steps that you can take now in order to build your "street cred" and show people that you mean business.

6 Easy Ways to Be Taken Seriously As a Newbie Investor

1. Dress the Part

My folks always used to tell me that it’s better to be overdressed than underdressed. It was true at my junior prom, and it’s true today.

Related: Newbies: You Should Focus on Your First Deal And Nothing Else. Here’s Why.

Make a point to dress professionally whenever you plan on meeting with a bank, a property manager, a contractor, a potential renter, etc. Showing up in a suit (or at the very least some slacks and a button down) will do wonders for their perception of you, as well as your own confidence. Let's be honest. Do you think a bank is going to hand over $100k to a 27 yr old wearing Old Navy cargo shorts, flip flops, and a cut-off sleeve t-shirt with the logo of an emo band they were in back in high school? Look, your band isn't going to make it. Sorry. That was a decade ago. Take a trip to Men's Wearhouse and take advantage of their buy 1 get 3 free deals.

makemore

2. Get a Professional Email Address

[email protected] and [email protected] are not professional email addresses. Please, for the love of the internet, get a new one.

Simple is effective. Get one that has some combination of your first, middle or last names. This makes it very easy to tell someone over the phone or in person. You also avoid a potentially awkward conversation when you have to explain to a commercial lender how to spell "[email protected]"

Good luck with that.

3. Ask Questions

Are you about to meet with a potential property manager? Are you going to attend a real estate club meeting this week? Are you scheduled to sit down with your real estate lawyer?

If so, take a minute and write out a list of questions before you go. I learned more about the process for getting a loan approved by sitting down with a lender and asking him questions for 10 minutes than I ever could have learned from reading a book. Remember, if you are excited to learn, they will be excited to teach.

As Dale Carnegie said, “Talk to someone about themselves, and they’ll listen for hours.”

4. Practice Property Grammar and Spelling

“UR” instead of “You are” when texting your best friend = socially acceptable.

“UR” instead of “You are” when emailing the lending department at your bank = not socially acceptable.

Also, please don’t write in ALL CAPS. It’s like you’re yelling at the computer.

5. Provide Value

Just because you are new to real estate doesn’t mean you have no value to provide. Here’s a few ways you can do it.

private-money-meeting

Related: The Newbie Challenge: 30 Steps to Get Started in Real Estate in 30 Days

6. Be Yourself

If there is one sure-fire way for people to NOT take you seriously, it’s if you act like you already have all of the answers.

The real estate investment community is one of the most supportive and friendly groups in the world. This is primarily due to the fact that it’s a relationship built business, and everyone realizes that their next deal could come from anywhere… even from someone who is brand new.

So don’t claim to have done deals all over the world when you haven’t. Don’t claim to have organized $1 billion in real estate transactions when you haven’t.

Just be yourself! You’re probably pretty good at it.

[We are republishing this article to help out our newer members.]

What have YOU done to grow your credibility as a newbie investor?

Leave a comment, and let’s talk.

Tyler is a pilot by day and aspiring entrepreneur by night. He started investing in April of 2014 and acquired three properties in the first 8 months. His goal is to become financially independent ...
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    Alex Gamboa from Pasadena, California
    Replied over 3 years ago
    Awesome to hear the fundamentals of starting out! Thank you
    Andy Mason
    Replied over 3 years ago
    Practice Property grammar and spelling, or proper? Haha, normally I wouldn’t point it out to someone but the location was too ironic.
    Jonathan Fowler Entrepreneur from Frisco, TX
    Replied over 3 years ago
    “Property Grammar” I think you mean “Proper Grammer.” It looks like you had real estate on the mind. 😉 Thanks for the great article!
    Whitney Tutt Investor from Mableton, Georgia
    Replied over 3 years ago
    HA!
    Jasmine Benford Real Estate Agent from Hampton, VA
    Replied over 3 years ago
    Great read! Great points!
    Thomas Berry
    Replied about 3 years ago
    Simple and effective! Dress and prepare like you respect yourself and the other persons time. If only deals would fall in your lap for dressing the part.
    April Littleton New to Real Estate from Dayton, OH
    Replied about 2 years ago
    Thanks for this article. It is still helpful years later. I signed up for a meet up this coming Monday. To present myself more credible I have been D4D to have properties to discuss/ask questions about and I have been doing a lot of reading to make sure I understand the lingo. Next step is to be more active on BP because you are absolutely right. Real Estate is a relationship industry and building my network is something I can and should do now. Thanks!
    Nichole Bolton from Lithia Springs, GA
    Replied about 2 years ago
    Hello. I am a new member of BiggerPockets and I wasn’t sure how to break the ice and become a part of the community until I read your article. Thank you so much for the advice!
    George Cline
    Replied about 2 years ago
    Great article to help us who are starting out, thank you!