Newbie, Seeking Advice

[Alexis York]

Hey there everyone !

For the past 6 months I have been addicted to using my spare time to figure out how I can get rich and receive passive income. I spend a lot of my free time reading and watching videos on real estate investing. I have money saved up and plan on investing in my first property next year. I still want to study more before I am comfortable enough to go on with this process. I have became fond of the idea of house hacking a multi family property, I currently reside in Vegas... any advice ? Books, seminars, videos I should look into that will help my future out :))

Thanks !

[Andrey Y.]

Originally posted by @Jody Sperling:

If you've been studying real estate for the past six months, it's probably time to act. I'm guessing you've listened to the BP Real Estate podcast, which means you've heard Brandon and David talk about analysis paralysis. Too much studying and not enough action might trick your brain into feeling rewarded without actually getting the deal, and you will certainly find it harder to act the longer you sit on the sidelines.

Nothing taught me more than my first purchase. I learned more from screening my first tenants than I did from all three hundred plus BP Podcasts I listened to. Laying floor in my first property, painting walls, taught me more than reading J Scott's THE BOOK ON ESTIMATING REHAB COSTS.

You won't study yourself into any better of a position, but if you find a deal and make an offer, you'll soon deposit your first dollar toward visiting the wonders of the world. And while you begin the search for your first investment, make a goal to be active on the forums, as the people you meet along the way may be of great value to your journey as you go. Welcome to the forums, and best of luck on your investment journey.

 There's something very similar in the language learning community where people incessantly read and listen about learning their target language (in English), getting absolutely nowhere obviously. Or spend more time watching language learning YouTubers talk about random stuff in English.