What advice do you have for new investors that no one told you

[David Schmiediche]

Here's a small tip for new investors that I was never told about real estate investing.

I purchased two properties in 2024 and early this week I got a text from my tenant that they received mail for me at the rental. To my surprise, it was a 1098 from my lender that originally held the loan for less than a month before selling it on the secondary market. So to new investors, set a reminder around January 1st to get your 1098 from the company that originated your loan.

What are some other tips and advice do y'all have for new investors that no one told you about in real estate investing?