Best advice you have for New Investors
It took 15 years of Buy and Hold Rentals but I finally got to the finish line and retired from my demanding day job. Now I am trying to find ways to give back as I am too young to do nothing and I have too much energy left. So I am coming back to Biggerpockets as it was such a great platform for me to communicate with other active investors during the depth of the crash when I was an Approved Weekly Blogger for Bigger Pockets.
Biggerpockets helped me maximize my activity when I needed to and now I want to see if I can give back in a small way.
Today I want to start by sharing and asking others what is your best advice for new investors who are spending hours digging through the tremendous content on this site?
Mine is please don't get distracted by the glitz and flashy stuff that some folks are trying to put out there. Some folks are flashy with high end cars, trips, meals, watches, etc. I promise you in time that lifestyle will catch up as the market will turn and catch people who are living to close to the edge.
Instead focus on One Rental/Deal at a time, try and make the next deal better than the last and do what ever you can to lower your monthly expenses because you can not get out of the rat race until your passive income exceeds your fixed monthly expenses.
Be the Turtle not the Rabbit
Good Investing - What advice do others have?
Z