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General Real Estate Investing

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19
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Anna Washburn
  • Real Estate Agent
  • Philadelphia, PA
19
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32
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Just starting out....

Anna Washburn
  • Real Estate Agent
  • Philadelphia, PA
Posted Sep 26 2022, 07:21

What's one thing you wish you knew about investing in real estate when you started out, that you know now? 

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40
Posts
24
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Alex Russell
  • Lender
  • Boca Raton, FL
24
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40
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Alex Russell
  • Lender
  • Boca Raton, FL
Replied Sep 26 2022, 08:34

I would say using a HELOC to tap into the power of home equity!

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3,094
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Kenneth Garrett
Pro Member
  • Investor
  • Florida Panhandle/Illinois
3,094
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3,748
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Kenneth Garrett
Pro Member
  • Investor
  • Florida Panhandle/Illinois
Replied Sep 26 2022, 14:40

@Anna Washburn

I started out using the BRRRR system. Using private money was a tremendous help after I had done the first two. Using private lenders helped me scale. I never used hard money.

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5
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1
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Peter Bogdon
  • Real Estate Agent
  • Philadelphia, PA
1
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5
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Peter Bogdon
  • Real Estate Agent
  • Philadelphia, PA
Replied Nov 2 2022, 07:43

To remove the emotion from every deal is something I wish more people would tell beginners. This is a fun and exciting industry which obviously brings forth emotions that can be difficult to control. Keep a level head, stay true to your goals and be disciplined and the emotional side of this will be much easier to control. 

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32
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36
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David M.
36
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32
Posts
Replied Nov 2 2022, 08:11
Find a property you like and don't be afraid to contact the owner, even if it is not for sale.  Invite them to lunch and ask them if they would keep you in mind if they ever decide to sell.  I bought a nice 5 plex with one commercial space this way.