How To Know Who To Take Advice From When You Are Just Starting Out

How To Know Who To Take Advice From When You Are Just Starting Out

Jonathan GreeneBusiness Member
Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes

This is one of the most challenging things when you are new to real estate investing or BiggerPockets. Social media makes it look like everyone is an expert, but we all know that is false. Regarding the forums, it can also be hard to know who is giving you good advice and who is trying to give you good advice but doesn't have the experience. Most people are trying to help you.

You should take all advice with a grain of salt here and see if it's backed up in future responses. Watching the forum's ebb and flow and hearing both sides can help you. Here are some things to look out for to help you know who to take advice from when you are just starting out:

(Note: There are exceptions to every rule. These are just ways to help you verify which advice might be backed by more experience.)

-----

1. Look at how long the person has been on BiggerPockets and consider their profile. Just because someone is new to BP doesn't mean they don't have experience, but using their profile as a guide may give you more information. If someone owns no properties, you may want to consider that when reading their advice. You can also see the number of posts someone has made on the site and balance that against the number of upvotes. Generally, if the upvotes are more significant than the posts, that metric may give them more credibility.

2. Does the person have something to gain from their answer? If you ask about a city in Kansas and three agents from Kansas answer and all have some call-to-action, they have business to gain from their answer. It doesn't mean their answer is wrong, but in that scenario, you would want to know if they all own properties in the area you are asking about. You also may give more credibility to those who don't ask for something at the end of their response. That means they have something to gain from the dialogue.

3. Did a responder DM you first before you reached out to them, and did the DM have a pitch (see number two)? When you are new, getting pitched sucks. You don't even know who is who or what is what and people are trying to talk to you about coaching or buying in North Dakota - it's a lot. DMs are a great way to communicate on the site, but you can judge the tenor based on when you received the DM. Did you ask for something and did they answer or were they seeking you out? Again, some people may be helpful, but when you are new you should be more careful until you know who is who and what is what.

4. Watch how others build off what someone said in the forums. This is very important. When other responders quote and agree with what someone said, that is a good indicator that the forum agrees. When other responders quote and disagree, that is also a good indicator that maybe it is not the best advice.

5. Trust your gut (and do your research, but don't only look for verification). If a response feels weird, it's probably weird. Or maybe it's just not your vibe. But don't just look for agreements with what you want. You want to get a wide variety of responses to drill down on the ones that seem the most verified, not that most suit what you want to hear. Do your research on people off of the site - on LinkedIn, Instagram. That can tell you a lot about whether it matches up or whether it's all part of a funnel. (Skip TikTok)

Any others to add here?

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Nicholas L.Pro Member
Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
1y

@Corby Goade

i've wrestled with this as well.  Brandon Turner was a big proponent of "no money down" (which, in his defense, did not ever mean no money at all) and i think the market changes in the last 5 years still have not been internalized.  but yes, if you tell someone not to finance 110% of a purchase you are told that you are being 'negative.'

if you start with old content, you are in for a rude awakening when you actually go look at today's market.  prices are high, interest rates are high, there is tremendous demand for inventory by both retail / primary buyers and investors, good contractors are booked up, some materials are still expensive. '

can't we just be honest that (1) if you are in a strong financial position, then yes, RE is still a good investment and ALSO  (2) it's way more difficult than it was in 2016?

See this reply in the discussion

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  • Investor · Great Neck, NY · Member since 2016 · 679 posts · 467 votes
    1y

    There is so much BS on social media it's not even funny. It also doesn't help that the newer generations want instant gratification so it's the perfect storm to buy into the hoopla. I always tell people, it's like any other business, respect it. That means taking your time to study what you want to do (in this case what type of investing you are most interested in) and speak to those who have done it successfully. 

  • Jonathan GreeneBusiness Member
    OP
    Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
    1y
    Quote from @Steve Kontos:

    There is so much BS on social media it's not even funny. It also doesn't help that the newer generations want instant gratification so it's the perfect storm to buy into the hoopla. I always tell people, it's like any other business, respect it. That means taking your time to study what you want to do (in this case what type of investing you are most interested in) and speak to those who have done it successfully. 


    That is solid advice. You don't want a guru telling you what you like when you are new. You have to try on a few assets and see which resonates with your future plans, even before investing in them.

  • Investor · Greenville, SC · Member since 2016 · 5k+ posts · 13k+ votes
    1y

    I listen to people who are doing what they are saying, with their own hard earned savings.

  • Investor / Mentor / Contractor · Arcadia, CA Buying Out of State · Member since 2015 · 655 posts · 622 votes
    1y

    I like this @Jonathan Greene.  I would just add to the readers to not be afraid to spend some money.  I have paid for several coaching/mentoring programs that were amazing and well worth it.  I see so many people trying to find the "hack" where everything is free.

    Truth is, anyone who can really help you has no time to do it for a complete stranger to any real level of completeness.  The Mentee needs to find out what they can offer. A free coffee - to a successful person? hmmm. They'll offer that they will be really good students?  Mentees need to step up their game and make the offer to those who can help them.

  • Jonathan GreeneBusiness Member
    OP
    Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
    1y
    Quote from @Tim Ryan:

    I like this @Jonathan Greene.  I would just add to the readers to not be afraid to spend some money.  I have paid for several coaching/mentoring programs that were amazing and well worth it.  I see so many people trying to find the "hack" where everything is free.

    Truth is, anyone who can really help you has no time to do it for a complete stranger to any real level of completeness.  The Mentee needs to find out what they can offer. A free coffee - to a successful person? hmmm. They'll offer that they will be really good students?  Mentees need to step up their game and make the offer to those who can help them.


    That is also solid advice. I usually tell people not to spend money for 6 months to a year because you won't even know what you are spending money on and most people spend the money thinking it will do the work for them. They don't realize you pay the money and you do more work, but you grow quicker and the magic is in the other people also paying the money - your tribe.

  • Joe S.Pro Member
    Investor · San Antonio · Member since 2020 · 3k+ posts · 3k+ votes
    1y
    Quote from @Tim Ryan:

    I like this @Jonathan Greene.  I would just add to the readers to not be afraid to spend some money.  I have paid for several coaching/mentoring programs that were amazing and well worth it.  I see so many people trying to find the "hack" where everything is free.

    Truth is, anyone who can really help you has no time to do it for a complete stranger to any real level of completeness.  The Mentee needs to find out what they can offer. A free coffee - to a successful person? hmmm. They'll offer that they will be really good students?  Mentees need to step up their game and make the offer to those who can help them.


     What you will not coach someone for a free cup of coffee? lol

    I had someone ask me to teach them real estate and they would buy my lunch… Lol  
    If course there are people here on Bigger Pockets that if they were ever passing through I would definitely meet them for lunch or dinner, but typically I do not respond, nor try to connect with just anyone.. 

  • Gino BarbaroPro Member
    Rental Property Investor · St Augustine, FL · Member since 2014 · 2k+ posts · 1k+ votes
    1y

    @Jonathan Greene

    I've witnessed over thousands of hours of coaching, free and paid, that most advice given free is rarely taken. That is reality because the receiver of the info has no skin in the game, nothing to  hold them to the "advice". Jay Abraham, the godfather of marketing, used to say that when he dispensed free advice, not many acted upon it. Once he started charging thousands of dollars for the advice, people listened and acted on it.

    Nowadays, it's pretty easy to see if someone knows what they're doing/talking about. Spend some time visiting podcasts, articles, websites they've been on. You have to do the work on the front end and vet out who you are listening to about the subject you want to learn about. If they are a professed expert, just run. I do think they need success and life experience in whatever you're trying to learn.

    Gino

  • Jonathan GreeneBusiness Member
    OP
    Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
    1y
    Quote from @Gino Barbaro:

    @Jonathan Greene

    I've witnessed over thousands of hours of coaching, free and paid, that most advice given free is rarely taken. That is reality because the receiver of the info has no skin in the game, nothing to  hold them to the "advice". Jay Abraham, the godfather of marketing, used to say that when he dispensed free advice, not many acted upon it. Once he started charging thousands of dollars for the advice, people listened and acted on it.

    Nowadays, it's pretty easy to see if someone knows what they're doing/talking about. Spend some time visiting podcasts, articles, websites they've been on. You have to do the work on the front end and vet out who you are listening to about the subject you want to learn about. If they are a professed expert, just run. I do think they need success and life experience in whatever you're trying to learn.

    Gino


    That's great advice and so true. They want the free advice and then say, "Well, it was free, so how much value could it have?" I think podcasts are a great vetting mechanism. If you listen to someone as a guest on a podcast for an hour, you will know what you need to know either way.

  • V.G JasonPro Member
    Investor · Member since 2022 · 3k+ posts · 3k+ votes
    1y
    Quote from @Joe S.:
    Quote from @Tim Ryan:

    I like this @Jonathan Greene.  I would just add to the readers to not be afraid to spend some money.  I have paid for several coaching/mentoring programs that were amazing and well worth it.  I see so many people trying to find the "hack" where everything is free.

    Truth is, anyone who can really help you has no time to do it for a complete stranger to any real level of completeness.  The Mentee needs to find out what they can offer. A free coffee - to a successful person? hmmm. They'll offer that they will be really good students?  Mentees need to step up their game and make the offer to those who can help them.


     What you will not coach someone for a free cup of coffee? lol

    I had someone ask me to teach them real estate and they would buy my lunch… Lol  
    If course there are people here on Bigger Pockets that if they were ever passing through I would definitely meet them for lunch or dinner, but typically I do not respond, nor try to connect with just anyone.. 


     That's generous. I would charge people a lunch to teach me real estate.

    You don't get advice from people that tell you who to take advice from.  

  • JD MartinBusiness Member
    Moderator
    Rock Star Extraordinaire · Northeast, TN · Member since 2015 · 10k+ posts · 16k+ votes
    1y

    Great list!

    I would add - if you're new, don't get blinded by advice, pitches or anything else because you're starstruck. I don't care if the person giving you advice or pitching you has been on 100 podcasts and has their name on the side of an airplane. Always verify and seek independent confirmation of anything you're being sold or told. There are a lot of people out there that their whole purpose of becoming "famous" is to create a sense of infallibility or trust in the person(s) that are going to be buying whatever from them. There's a bunch of suffering people right now in syndications that to some extent followed this line of thinking - XXX is famous so S/he must know how to run a syndication.

    Skyline Properties
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  • Huntsville, AL · Member since 2018 · 578 posts · 864 votes
    1y

    @Jonathan Greene- good topic.  To add to the above posts, one thing that amazes me on this forum is the number of people who feel the need to give advice on markets that they have no idea on or no experience in.

    For example, the number of people who feel the need to chime in about the Huntsville/Madison/North Alabama market who have absolutely no clue about it.  

    "Huntsville is great for cash flow" posted by some dude in Alaska for example - I mean, seriously?  First of all, that is absolutely incorrect right now.  Second, why does someone in Alaska feel the need to comment on a city in North Alabama they have no clue about?   

    Here's some real examples (with changed names / locations of the posters) to illustrate my point:

    "Oh, I lived there 10 years ago" - Fred in Topeka;   yup, irrelevant to the current real estate market.

    "I don't own any properties, but Huntsville is a great place to invest in" - Bob in Fresno;  how in the world would you know this?

    "You should focus on duplexes in Huntsville for a house hack" - Jane in Montana;  great, except there are an incredibly few duplexes in Huntsville

    "Hazel Green is an easy commute from Huntsville and shouldn't affect your rental prospects" - Joe in Chicago.  The commute may be small for a big city, but it's forever for the locals here.  Again, wrong advice.

    Don't know the city, don't live there, don't have any properties there?  Then don't comment on the post with misinformation!

  • JD MartinBusiness Member
    Moderator
    Rock Star Extraordinaire · Northeast, TN · Member since 2015 · 10k+ posts · 16k+ votes
    1y
    Quote from @Michael S.:

    @Jonathan Greene- good topic.  To add to the above posts, one thing that amazes me on this forum is the number of people who feel the need to give advice on markets that they have no idea on or no experience in.

    For example, the number of people who feel the need to chime in about the Huntsville/Madison/North Alabama market who have absolutely no clue about it.  

    "Huntsville is great for cash flow" posted by some dude in Alaska for example - I mean, seriously?  First of all, that is absolutely incorrect right now.  Second, why does someone in Alaska feel the need to comment on a city in North Alabama they have no clue about?   

    Here's some real examples (with changed names / locations of the posters) to illustrate my point:

    "Oh, I lived there 10 years ago" - Fred in Topeka;   yup, irrelevant to the current real estate market.

    "I don't own any properties, but Huntsville is a great place to invest in" - Bob in Fresno;  how in the world would you know this?

    "You should focus on duplexes in Huntsville for a house hack" - Jane in Montana;  great, except there are an incredibly few duplexes in Huntsville

    "Hazel Green is an easy commute from Huntsville and shouldn't affect your rental prospects" - Joe in Chicago.  The commute may be small for a big city, but it's forever for the locals here.  Again, wrong advice.

    Don't know the city, don't live there, don't have any properties there?  Then don't comment on the post with misinformation!


     Great addition to the list. It is really, really hard to be an "expert" in anything more than just a couple of cities or areas because there's just not enough hours in a day to really - I mean really - learn your market. I consider myself an expert in one specific market - the one I invest in - reasonably knowledgeable in a few others, mostly ones that neighbor my market and/or I lived there and have some pertinent information to share that's generally right - and beyond that it's just applying general platitudes to every other market which may or may not be relevant. Like you said, advice to invest in duplexes might be great but if duplexes are rare it may not make any sense at all. 

    Skyline Properties
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  • Joe S.Pro Member
    Investor · San Antonio · Member since 2020 · 3k+ posts · 3k+ votes
    1y
    Quote from @V.G Jason:
    Quote from @Joe S.:
    Quote from @Tim Ryan:

    I like this @Jonathan Greene.  I would just add to the readers to not be afraid to spend some money.  I have paid for several coaching/mentoring programs that were amazing and well worth it.  I see so many people trying to find the "hack" where everything is free.

    Truth is, anyone who can really help you has no time to do it for a complete stranger to any real level of completeness.  The Mentee needs to find out what they can offer. A free coffee - to a successful person? hmmm. They'll offer that they will be really good students?  Mentees need to step up their game and make the offer to those who can help them.


     What you will not coach someone for a free cup of coffee? lol

    I had someone ask me to teach them real estate and they would buy my lunch… Lol  
    If course there are people here on Bigger Pockets that if they were ever passing through I would definitely meet them for lunch or dinner, but typically I do not respond, nor try to connect with just anyone.. 


     That's generous. I would charge people a lunch to teach me real estate.

    You don't get advice from people that tell you who to take advice from.  


     Well, I’ve read a lot of your post and the many businesses, etc. you mentioned you have owned, I would be more than happy to meet you for lunch. 😁

  • Investor · Seattle, WA · Member since 2024 · 4 posts · 5 votes
    1y

    Find in-person events to attend, listen, and meet people who share your interests. I've learned the most from friends and people I met at meetups and other gatherings. It takes time and isn't as sexy as social media would have you believe - but then again it's also not as easy to get rich quick as the social media posters will say! Don't buy courses, everything is available for free and as you learn you'll get better at understanding what's good info and what's not. Just my two cents! 

  • Nicholas L.Pro Member
    Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
    1y

    @Tim Ryan

    agree with you... once they have some money.  unfortunately, a lot of new investors are under the impression that if they are not purchasing properties, they automatically have 'analysis paralysis.'  but if you have $0 in savings, thousands of dollars in credit card debt, and have never set foot inside an actual house for sale, you have no business paying for coaching, or buying houses.  your first step needs to be shoring up your financial position.

    when i was first starting out i paid some small amounts of money to go to a few pitch fests knowing they were pitch fests, didn't buy anything, and made some great contacts.  so if it's possible to inoculate folks to that there's a lot they can do in terms of networking and meetups, even the pitch-y ones if their eyes are open.  @Jonathan Greene is always good at recommending this as well.

  • Jonathan GreeneBusiness Member
    OP
    Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
    1y
    Quote from @JD Martin:

    Great list!

    I would add - if you're new, don't get blinded by advice, pitches or anything else because you're starstruck. I don't care if the person giving you advice or pitching you has been on 100 podcasts and has their name on the side of an airplane. Always verify and seek independent confirmation of anything you're being sold or told. There are a lot of people out there that their whole purpose of becoming "famous" is to create a sense of infallibility or trust in the person(s) that are going to be buying whatever from them. There's a bunch of suffering people right now in syndications that to some extent followed this line of thinking - XXX is famous so S/he must know how to run a syndication.


    This is great advice. Trust and verify and then verify again from a different source. There is no rush to trust someone and trustworthy people welcome you to do all of the due diligence you need to do.

  • Jonathan GreeneBusiness Member
    OP
    Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
    1y
    Quote from @Michael S.:

    @Jonathan Greene- good topic.  To add to the above posts, one thing that amazes me on this forum is the number of people who feel the need to give advice on markets that they have no idea on or no experience in.

    For example, the number of people who feel the need to chime in about the Huntsville/Madison/North Alabama market who have absolutely no clue about it.  

    "Huntsville is great for cash flow" posted by some dude in Alaska for example - I mean, seriously?  First of all, that is absolutely incorrect right now.  Second, why does someone in Alaska feel the need to comment on a city in North Alabama they have no clue about?   

    Here's some real examples (with changed names / locations of the posters) to illustrate my point:

    "Oh, I lived there 10 years ago" - Fred in Topeka;   yup, irrelevant to the current real estate market.

    "I don't own any properties, but Huntsville is a great place to invest in" - Bob in Fresno;  how in the world would you know this?

    "You should focus on duplexes in Huntsville for a house hack" - Jane in Montana;  great, except there are an incredibly few duplexes in Huntsville

    "Hazel Green is an easy commute from Huntsville and shouldn't affect your rental prospects" - Joe in Chicago.  The commute may be small for a big city, but it's forever for the locals here.  Again, wrong advice.

    Don't know the city, don't live there, don't have any properties there?  Then don't comment on the post with misinformation!


    Wow, this is awesome advice. Trust the locals with no pitch every time. I think this applies to that new wave of people who want to be helpful (and want to get their post count up) so they respond to everything and often leave their lane.

    Real estate is decidedly local and you don't know where the blocks change if you've never been there or invested there. Absolute gold on your comment, thank you for adding it.

  • Jonathan GreeneBusiness Member
    OP
    Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
    1y
    Quote from @Skyler Bissell:

    Find in-person events to attend, listen, and meet people who share your interests. I've learned the most from friends and people I met at meetups and other gatherings. It takes time and isn't as sexy as social media would have you believe - but then again it's also not as easy to get rich quick as the social media posters will say! Don't buy courses, everything is available for free and as you learn you'll get better at understanding what's good info and what's not. Just my two cents! 


    Great add. Everyone who is allegedly stuck in analysis paralysis (this is not real BTW) is there because they don't go to meetups and don't have investor friends and connections. The key to unlocking all the knowledge from books and podcasts is people. Thanks for adding this on.

  • Jonathan GreeneBusiness Member
    OP
    Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
    1y
    Quote from @Nicholas L.:

    @Tim Ryan

    agree with you... once they have some money.  unfortunately, a lot of new investors are under the impression that if they are not purchasing properties, they automatically have 'analysis paralysis.'  but if you have $0 in savings, thousands of dollars in credit card debt, and have never set foot inside an actual house for sale, you have no business paying for coaching, or buying houses.  your first step needs to be shoring up your financial position.

    when i was first starting out i paid some small amounts of money to go to a few pitch fests knowing they were pitch fests, didn't buy anything, and made some great contacts.  so if it's possible to inoculate folks to that there's a lot they can do in terms of networking and meetups, even the pitch-y ones if their eyes are open.  @Jonathan Greene is always good at recommending this as well.


    I like what you said you did. I always think it's smart to pay the $99 to go to a weekend seminar where you KNOW you will get pitched and you WILL NOT buy because the content and connections at the pre-pitch are all you need to get jumpstarted. Good stuff!

  • Corby GoadeBusiness Member
    Investor · Boise, ID · Member since 2014 · 3k+ posts · 3k+ votes
    1y

    There is no one more confident about their unsolicited advice than a person who just took their first weekend workshop. I've seen and heard so much blindly bold and terrible strategy from people who have never done a deal, but just paid someone an ungodly amount of money to teach them a strategy that puts more money in the pocket of their "mentor."

  • Jonathan GreeneBusiness Member
    OP
    Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
    1y
    Quote from @Corby Goade:

    There is no one more confident about their unsolicited advice than a person who just took their first weekend workshop. I've seen and heard so much blindly bold and terrible strategy from people who have never done a deal, but just paid someone an ungodly amount of money to teach them a strategy that puts more money in the pocket of their "mentor."


    Ugh, the dreaded Tupperware of real estate. If I sell you on this sub-to program, I get $1, so it's the best. Hopped up on the adrenaline of their first wholesaling seminar, they are sure they will have 100 deals in the hopper this weekend, but don't have money or an idea on how to structure a contract. Sounds about right.

  • Corby GoadeBusiness Member
    Investor · Boise, ID · Member since 2014 · 3k+ posts · 3k+ votes
    1y
    Quote from @Jonathan Greene:
    Quote from @Corby Goade:

    There is no one more confident about their unsolicited advice than a person who just took their first weekend workshop. I've seen and heard so much blindly bold and terrible strategy from people who have never done a deal, but just paid someone an ungodly amount of money to teach them a strategy that puts more money in the pocket of their "mentor."


    Ugh, the dreaded Tupperware of real estate. If I sell you on this sub-to program, I get $1, so it's the best. Hopped up on the adrenaline of their first wholesaling seminar, they are sure they will have 100 deals in the hopper this weekend, but don't have money or an idea on how to structure a contract. Sounds about right.


    "I need you to find me an owner carry deal that cash flows a minimum of $500 per month with zero down, zero interest on the note, needs to have at least 20% equity from day one. I know it can be done, my mentor does 400 of those deals per day. I'll wait here while you go whip one of those up."

  • John RinggoldBusiness Member
    Real Estate Agent · Topeka Kansas · Member since 2020 · 79 posts · 47 votes
    1y

    Great conversation!  As a "Realtor from Kansas" and a local real estate investor, I try to give as much free advice as I can!  I am always up for sitting down at a local coffee shop and just talking about real estate.  I share details about our portfolio and I want to learn about yours.  Maybe you are having success in something I haven't explored yet or I can connect you with someone taking on the same type of project.  I typically also share details about the market and how we find off-market opportunities.  I want to build a relationship as investors in our community who can call on each other with questions or thoughts about projects or opportunities in the future.  

    Not all Realtors are smarmy sales people, most that also invest want the community first, and if you need my help or want me to share opportunities we find I am here to help.

    Team Ringgold @ KW One Legacy Partners4.8155 Reviews
  • Jonathan GreeneBusiness Member
    OP
    Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
    1y
    Quote from @John Ringgold:

    Great conversation!  As a "Realtor from Kansas" and a local real estate investor, I try to give as much free advice as I can!  I am always up for sitting down at a local coffee shop and just talking about real estate.  I share details about our portfolio and I want to learn about yours.  Maybe you are having success in something I haven't explored yet or I can connect you with someone taking on the same type of project.  I typically also share details about the market and how we find off-market opportunities.  I want to build a relationship as investors in our community who can call on each other with questions or thoughts about projects or opportunities in the future.  

    Not all Realtors are smarmy sales people, most that also invest want the community first, and if you need my help or want me to share opportunities we find I am here to help.


    The agents that get the most business on BP never ask for it. As you said, they show up, answer questions about the local market, provide useful data when needed, and just are a general value add to the forums.

    I think it's fair for consumers to take what an agent says about the market with a grain of salt, but over time, their reputation for giving good info without the smarm wins.

  • Nicholas L.Pro Member
    Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
    1y

    @Corby Goade

    i've wrestled with this as well.  Brandon Turner was a big proponent of "no money down" (which, in his defense, did not ever mean no money at all) and i think the market changes in the last 5 years still have not been internalized.  but yes, if you tell someone not to finance 110% of a purchase you are told that you are being 'negative.'

    if you start with old content, you are in for a rude awakening when you actually go look at today's market.  prices are high, interest rates are high, there is tremendous demand for inventory by both retail / primary buyers and investors, good contractors are booked up, some materials are still expensive. '

    can't we just be honest that (1) if you are in a strong financial position, then yes, RE is still a good investment and ALSO  (2) it's way more difficult than it was in 2016?

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