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Updated almost 6 years ago on . Most recent reply

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11
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13
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Robert Schmitt
  • Minneapolis, MN
13
Votes |
11
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How much newbie eduction and next steps?

Robert Schmitt
  • Minneapolis, MN
Posted

How much learning did you do prior to making your first deal?

I'm looking to get into investing in rental properties soon but I've been trying to educate myself first. So far I've read the Brandon Turner Rental Property book, the David Greene BRRRR book and am currently working on the J Scott rehab costs book and the cash flow book by Frank Gallinelli. I've also been checking out the BP podcast and reading blogs.

I plan on going to my first local event next week and try to get more networking going.

It's always hard to know where your blind spots are when you first start out in something but I also want to take care that I don't suffer analysis paralysis.

Any suggestions for further education would be appreciated but then I'm also finding the next steps to be challenging. I want to practice running numbers on properties but still find it hard to know where to start.

Thanks in advance for any thoughts.


Most Popular Reply

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30
Posts
6
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Alfred Johnson
  • Wholesaler
  • Rocky Mount, NC
6
Votes |
30
Posts
Alfred Johnson
  • Wholesaler
  • Rocky Mount, NC
Replied

@robertschmitt, I totally agree. I too have done the reading and have begun to practice with analyzing varying properties in my area. I can't seem to develop a systematic way of producing results while analyzing properties. On the 16th of the month I have scheduled to catch up with my networking with the local TREIA in the my area so I'll keep you posted. It seems like Investing is still a great vehicle to realize your WHY. I believe we're going to need assisting in order to get more momentum. Cheers!

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