Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

1,534
Posts
715
Votes
Jason Malabute
#1 Real Estate Deal Analysis & Advice Contributor
  • Accountant
  • Los Angeles, CA
715
Votes |
1,534
Posts

biggest misconception about real estate

Jason Malabute
#1 Real Estate Deal Analysis & Advice Contributor
  • Accountant
  • Los Angeles, CA
Posted

The biggest misconception about real estate is that you can be an introvert and hide behind your properties.

Well, maybe if you wanted to stay small forever you can stay in your bubble and talk to to people only when you have to.

If you have a big ambition in real estate you're going to have to get over being shy.

The hardest part about  analyzing deals is determining market rent and rehab cost.  I'm always coordinating with my contractor to get an accurate rehab cost. I'm always in communication with my property manager to estimate market cost once fixed up. Don't even think about trying to calculate these numbers by yourself because you'll go crazy.

Moreover, I'm calling sellers everyday trying to make a deal happen. 

I'm telling everyone I meet my buying criteria because you never know who they know.

 If a boy like me with a disability and speech impediment can get over his fear of talking to strangers to achieve his goals... ummmm so can you :)

  • Jason Malabute
business profile image
Malabute & Company CPAs
5.0 stars
14 Reviews

Most Popular Reply

User Stats

13,520
Posts
19,618
Votes
Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
19,618
Votes |
13,520
Posts
Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied

You nailed a few things hard here.  The one big thing I don't agree with is your biggest misconception.  As far as I'm concerned, the biggest misconception is that the property is your asset.  It isn't.  The property is just the temporary resting place for your asset, before it moves forward.  Your asset is your cash...in the form of cash flow and equity.

Loading replies...