From an Average Person: You CAN invest! Real Estate is DOABLE!

From an Average Person: You CAN invest! Real Estate is DOABLE!

New to Real Estate · Member since 2021 · 58 posts · 26 votes

Hey All,

This post is for the person who just finished a BP book or is lurking in the forums! Real estate IS possible for YOU! I am a beginner; I only have one house hacked triplex, but here are some things I learned that I hope you find helpful!


1. Fear (at least for me) was a lack of information and experience. The more houses I ran numbers for, walked, offered on, lost bids for....the easier it got. And, the more doing you do, the easier it will get for you!I promise that by the time you're at the closing table, you'll feel good! By that time, you'll have gotten your reps in, and the closing table is the reward for it all!

2. Keep your world tiny. SMART goals (specific, measurable, achievable, realistic, timely) are good goals.  Focus on that next concrete step. "Finding a property" seems impossible because it's a huge task (and not very specific). Driving for 15 minutes in a specific neighborhood and noting down any signs is much easier!

3. Accept that there will be unknowns, and things will happen. The best we can do is learn, and use that experience in our next endeavor. 

4. It takes hard work and grit. The "passive" in "passive income" is on the back end, once your deal goes through. Being in a position to spot the right deal and act on it takes awareness, research, and guts. 


5. You're NOT alone! Everyone on the BP forums is here to help. If you don't think so-- I happily extend my inbox. I've only done one deal, and definitely don't know everything, but I'll share what I can. More than happy to connect! 

Good luck!

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  • Scott TrenchPro Member
    Rental Property Investor · Denver, CO · Member since 2014 · 2k+ posts · 6k+ votes
    4y

    Love this! Congrats on getting that first deal done, and thank you for giving back after your first deal, and helping others! 

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