getting started tips

[Norma Cole]

Hello,

I am new to bigger pockets.  I am reading through the beginner guide to real estate investing.  The guide has a chapter on creating a business plan.  Is it crucial to have a complete business plan before attempting to invest? I know what my niche will be and preferred investment strategy.  Is there a certain amount of time I should dedicate to education before seeking out my first deal?  Where can a beginner get practice on evaluating deals? Just seeking some guidance/advice.

Thanks,

Norma

[Bryan L.]

@Norma Cole I am somewhat in disagreement with this portion of the ultimate guide.  Newbies often get all hung up on the following stuff: building a team, getting an entity, developing a marketing plan, setting up a website, designing a logo, choosing a company name, etc, etc, etc.  And they get stuck hear at this stage, messing around with stuff that is really not necessary.  Keep it simple and start finding good deals.