Do you really have to make mistakes to be a successful real estate investor?
Hi guys,
I've been a member since last summer, and I'm really excited to begin investing in real estate. After listening to all the BP podcasts, I've come to realize that @Joshua Dorkin does not believe that a real estate portfolio can be built without losing money/making mistakes. Here's what I'd like to discuss. Do you really have to lose money/make mistakes to be a successful real estate investor? While I understand the limits of my own experience, I believe that it is possible to build a real estate portfolio without losing money/making mistakes by learning from the success of others (i.e. a successful mentor); formulating a profitable strategy (i.e. education); and application (i.e. action). Lend me your thoughts on this hypothesis. Thanks.
AY