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Updated over 5 years ago on . Most recent reply

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Tyler Blessing
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How does a person get started in investing?

Tyler Blessing
Posted

I am extremely new to real estate investing, I am learning however. I recently have started reading books, listening to podcasts and e-books. But I am unsure of where to even begin my journey. Any advice or tips would be greatly appreciated!

Thank you!

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Jon Crosby
  • Investor
  • Roseville, CA
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Jon Crosby
  • Investor
  • Roseville, CA
Replied

@Tyler Blessing  

Sounds like you are already started!  Learning and understanding the finer points of the game are where you start, but just remember, knowledge is NOT power...APPLIED knowledge is power.  So, make sure you actually DO something with that knowledge and don't get stuck in analysis paralysis and passivity.  

My REI journey was kind of like college...I sort of did some GE and then found something I liked and wanted to get a 'degree' in (this is a metaphor of course). I explored Flipping, then rentals and then vacation rentals and that is where I found my sweet spot. I still invest in other categories but I really enjoy and am passionate about vacation rental investing based on it's nuances, time commitments and ancillary benefits.

So, I would suggest you do the same, explore the different investing disciplines, understand and weigh the pros and cons of each and then pick one to focus on....and really focus on it!  Then execute on your knowledge with that first investment, fail fast and learn fast when necessary and remember to grow your network as much as you can.  

Best of luck to you! 

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