Best Advice For Newbie From Veterans

[Peter Vekselman]

There are tons of experts and veterans of investing on BP.  Lets see if we can help out the newbies with just one nugget.

For me, its the importance of aligning yourself with someone more successful than you.  I did that 8 months into my real estate career.  Unfortunately that was after I had made about 500k plus of mistakes and basically lost everything.  So even with my first real alignment with a truly successful investor in my area it still took me 3 years to get out of the mistakes I had created for myself.  Alignment with success is my number one piece of advice! 

[Max Traveler]

1) Rome wasn't built in a day... just like a successful RE portfolio. 

2) Just like everything in life, you gotta sort through a lot of BS to find a great deal.

3) Be objective and don't make fear based decisions.

4) Cookie monsters will always say cookie is the best food no matter what.. BP and realtors will tell you cashflow is dead..

5) Nobody is helping you because of your best interest.  Anything free in America will at least cost you $10.