What you regretted not doing when you first started?

3 Replies

Whats something you guys wish or regret not doing when you first started out in real estate investing?. Im 20 and am starting in real estate investing, just wondering what are somethings that I should definitely start doing in the beginning stages of my journey. Any tips would be much appreciated.

@Christopher Lugo Find mentors and communicate with them frequently. I started at a young age as well - mid twenties. and found it difficult to connect with active investors when I didn't have much value to add. As I am little older and experienced, I am more than willing to help guide newer and younger investors alike but few ask. Also, remember that it is not a race, you don't have to do 8 deals by 22 to be successful, take your time and start doing deals when it makes sense for you - until then learn as much as you possibly can.

@Christopher Lugo I started buying realestate in a booming market and incorporated appreciation into my calculations. The market ended up crashing and not only did I not get the rent I was expecting but the property depreciated! Now I only buy on cashflow, on conservative numbers, with zero appreciation incorporated in my calculations. Never assume the market is going to appreciate in the short term. 

@Travis Sperr
How do I go about finding a mentor, what kind of questions do I ask to see if they will help. I don't like feeling like I'm a bother to someone or I am wasting there time. And we're do I find these people?

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here