Real estate investing is a continual learning process. Mistakes and lessons learned characterize almost every investor's career. The great thing about BiggerPockets is that it allows you to learn from the triumphs and failures of other investors around the country. Spending the time to learn from others' experience can significantly speed up your real estate portfolio growth and help you to avoid setbacks. This section of the BiggerPockets Blog is dedicated to those types of posts that help investors become successful in real estate and avoid mistakes that others have made in the past. You can read up on more similar stories and discussions in our Real Estate Success Stories Forum.
I am at the NRBA (National REO Brokers Association) conference this week, in fact I am writing this article actually at the conference. The world of REO has definitely changed…
It’s a dirty one alright. Are you ready for it? They work. What?!! Yep, I said it. The guru programs work. Despite people’s skepticism, despite the negative reviews online, and…
This is part 1 of the series, “I’m not going to live there so I’m not going to pay for ______” As new investors, and especially in low income neighborhoods,…
Talking to sellers can be a little intimidating the first of couple of times you receive a phone call. I often hear stories of newbies (when starting a mailing campaign) describe…
I am at a point now where I consider myself a successful real estate investor. I still have many big goals and I am by no means done learning, but…
As real estate investors, I think we all have something in common. We’re all extremely ambitious people. Let’s be honest – if a person hopes to accomplish anything great in this world,…
I started investing in buy and hold rental properties while having a full time job, just like many other investors. If you’ve listened to the Bigger Pockets Podcasts, there are…
The general consensus on BiggerPockets is that multifamily housing is the best way to invest in real estate. Many investors start out with single family homes and then hope to…
It’s a fact, Josh Dorkin hates Detroit (and Rochester, Buffalo, Columbus, etc). Anyone who has listened to the BiggerPockets Podcast each week is just waiting for Josh to take any…
I was actually in the process of negotiating a seller finance with one of my tenants and was halted in my tracks. I was reminded that the new Dodd Frank…
1. The thrill of excitement when I finally found a deal worth pursuing. Source: plus.google.com 2. Doing my initial walk-through and realizing the property needed a lot of “updating”. Source: ebaumsworld.com…
I am a huge fan of big goals even though I rarely, if ever, used goals a few years ago. That is not exactly true – I used goals… but…
My Name is Tom Sylvester and I work a full-time job. (Hi Tom!) I say that I work a full-time job because I believe that it is important for people…
