Education

[Account Closed]

Hello everyone!
As most of you may know, taking the first step in the RE industry is the hardest.

I've read books, listened to podcasts, and watched videos. Although I can say I know a little bit in broad terms, I wouldn't say that I know nearly enough. Maybe my next step is to find a mentor but I wanted to extend this question to the BP community.

What are the very basics that every novice investor should know before jumping in?

(Home Repair & Maintenance Basics, RE Laws, Marketing, Contracts, Evaluating locations and their potential, etc.)

There is so much to take into consideration, yet I don't want to fall trap to analysis paralysis.

Has anyone face this obstacle starting out?

[Chris T.]

welcome @Account Closed

Analysis by paralysis is real. As you mentioned there are many moving parts.

Start analyzing 5 deals a day, and go see 10 houses on a weekly basis. After about the 50th house, you should have an idea. Post your questions in the forums to get feedback. 

2 Factors I feel are very important.

1. Location location location (yes it is true)

2. You make money when you buy.