Updated almost 8 years ago on . Most recent reply

Mistakes when starting out
Hi BP Community !
As a new investor/ not as experienced investor , what mistakes did you make early on in your career? And what would you tell a new investor to do to avoid these mistakes?
Thanks !
Most Popular Reply

I am a new investor as well, but one thing I've learned is to not overload yourself with information you're not a point to use. For instance, I was looking at books about 1031 exchanges and I haven't even brought a property yet! Lol silly I know, but I caught myself before spending my time reading something that's far above my investing point, and even understanding. Of course, it's great to be knowledgable of things like that, but when you're just starting I think it better to stay inquire information that you can readily practice and use.