Things people wish they knew when starting in RE

Things people wish they knew when starting in RE

Investor · Dallas, TX · Member since 2020 · 15 posts · 5 votes

Hello everyone this is my first post here on bigger pockets!

I’m 19 years old and I am currently going to school for a bachelors in finance. However my ultimate goal is to become a sophisticated investor with a focus in real estate. I’ve been taking the time to try and myself on all the ins and outs or real estate. Of course I started with rich dad poor dad, cash flow quadrant, think and grow rich, etc.

My question is what are some things i should know or perhaps you as an investor wish you knew when starting out in real estate.

Any insight would be greatly appreciated!

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  • Rental Property Investor · Mechanicsburg, PA · Member since 2018 · 281 posts · 176 votes
    6y

    @Ethan Garrett Hi Ethan, that's awesome you are getting interested in RE now. My first piece of advice is to read, listen to podcasts and attend the BP webinars which it sounds like you are doing. Next maybe determine the strategy that you think aligns best with your interests and goals. Buy and hold (are you ok with being a landlord?), fix and flip (have the energy to oversee all the scheduling and planning and turn it around quick?), apartments (partner in or learn to syndicate deals), etc. Create a plan and work to it. Refine your plan as needed. Best of luck

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