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.
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?
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