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.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
~$5,000+ potential annual savings on vetted partner products
10+ deal analysis calculators with ready-to-share reports
Lawyer-reviewed leases for every state ($99/package value)
Pro badge for priority visibility in the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
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 over 17 years ago on . Most recent reply

User Stats

28
Posts
2
Votes
N/A N/A
2
Votes |
28
Posts

New investor advice

N/A N/A
Posted

Some times I wonder if we don't go far enough with advice to new investors. Some give great advice on the numbers of investing. But should we also talk about the mind set involved. Are you the type of person who can hand over the keys and still sleep at night, just wondering if your good tenants are having one hell of a party. Also are you ready for the work involved. It takes allot of time to get that first house ready to go. If it needs rehab and you do it yourself are you prepared to work late at night and on your weekends. If you hire it done you had better be there to check on the progress (not as much work but still allot of time). There is nothing easy about this except for opening the rent check and signing the back on the way to the bank. I guess you should also be warned that once you get that first deal done, it seems to get in your blood and you can't wait to find the next one, what starts out as a little investment becomes a fixation of sort...At least it did for me. I know there are things I left out, I just know its not always about the numbers.

Loading replies...