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Updated about 7 years ago on . Most recent reply

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96
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Mike DeBuccio Jr.
  • Specialist
  • Tampa, FL
40
Votes |
96
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What do beginner investors fear?

Mike DeBuccio Jr.
  • Specialist
  • Tampa, FL
Posted

Hello Real Estate World!

I am wondering what beginning investors fear when it comes to purchasing their first investment property. I want to get a better understanding of how to help investors who are new to the industry. Would love to hear some feedback from people who have experience, but at one point in time were nervous about diving into the investment property world. Also would love to hear feedback from potential new investors who have these doubts about investing!

Looking forward to hearing what everyone has to say.

Most Popular Reply

User Stats

250
Posts
60
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Iverem Rose
  • Real Estate Agent
  • Brooklyn, NY
60
Votes |
250
Posts
Iverem Rose
  • Real Estate Agent
  • Brooklyn, NY
Replied

 It is without question that investing in real estate is a great way to achieve wealth, however I've noticed and I will include myself in the equation that new investors are risk averse, in other words, you don't know what you don't know. Without the proper guidance and direction from an experienced professional(s), the thought of investing can be quite intimidating. I believe new investors would benefit greatly from having a mentor whom they can shadow until they become comfortable with the process and confident enough to venture out on their own. However, the caveat is the difficulty in finding a reputable mentor, as there are plenty of "mentors" who seek only to capitalize on their students' naivety for personal gain. 

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