How do you efficiently sift through all this info?

Question

I joined BP a week ago as a Pro member. Since then, I started a discussion roughly mapping out my present finance state and possible venues to invest-in as a newbie in the business. The information, I've been exposed, guided towards or fallen into has been like drinking from a fire-hose. It's torrential. I'm an avid reader and actually take pleasure in this sort of research, but what frightens me -and this is no shade to all the kindness of info offered me by some of the industry professionals here-, .... is exactly that: There is such a largess of professional brokers, flippers, money managers, agents and companies vying for my attention that at this point, my instincts tell me to back into my tortoise shell, read a few books on this, and THEN come back into this information market. It is overwhelming to try to sift through all this and come up with a plan that doesn't tangentially moves rapidly into something other than my original focus. It's as if I can't keep my notes in a straight line and i need to keep a knowledge base that is almost 3D. Too many things are inter-related.

If any "normal" persons here who invest, but are not necessarily industry pros with companies vying for my dollars can render some advice I would be most appreciative.

Dardin

If any "normal" persons here who invest, but are not necessarily industry pros with companies vying for my dollars can render some advice I would be most appreciative.

Dardin

Dardine Eduardo Soto · Answer

@Ned Carey Thanks for this. It does calibrate my expectations somewhat. I appreciate the time in handing some wisdom my way.

Dardine Eduardo Soto · Answer

@Kenneth Garrett

That last paragraph in your reply was gold. I appreciate you taking the time to advise me on this. Best of luck to you of course.

Kenneth Garrett · Answer

@Dardine Eduardo Soto

Take your time absorbing all of the information.  When I started it took me a year of analyzing deals and figuring out my investor identification.  I attended many local REIA meetings and property tours which inevitably helped me visualize. I learned so much by visiting properties and talking to investors.

Find a strategy you like to mirror and put your own twist it.  You can never duplicate someone else’s system 100%, but you use it as a guide and put your own flare to it.

Good Luck.

Ned Carey · Answer

@Dardine Eduardo Soto yes there is a ton to learn in real estate and much of it is available here in multiple forms. It can be overwhelming.  I suggest you keep reading here and learning from wherever you can and gradually it will become more clear. If you have only been here a week it is normal for your head to be spinning.

There is no hurry. Real estate is not a get rich quick scheme. It can be a get rich slowly but reliably method. It takes most people 6 months to a year to do their first deal. I have been here 10 years and am still learning new things.

If you haven't already check out some local investing clubs near you. Search for REIA or on Meetup.com. talking to someone in person can help you get some clarity.