Getting Started with Investing

[Stacy Unger]

I'm just getting started with real estate. I've talked to a few people about their journeys and I seem to be starting a little differently. So I'm just curious how much research and planning (taxes, marketing, strategies, networking, reading, podcasts etc) everyone has done before they bought their first investment.

[Melissa Justice]

@Stacy Unger,

Great question and it’s awesome that you’re being intentional about your approach.

Truthfully, everyone’s journey is different. Some people dive in quickly and figure it out as they go, while others spend months (even years) researching before making their first move.

For me, the planning phase was crucial- I spent a few months listening to podcasts, reading books like Rich Dad Poor Dad and The Book on Rental Property Investing, and talking to other investors. I also learned the basics of analyzing deals, estimating cash flow, and understanding tax benefits like depreciation and write-offs.

But here’s the key: no amount of planning will make you feel 100% ready. At some point, you have to take action-even if it's small (like making offers or connecting with lenders). Most people say the real learning starts after that first deal.

So you’re not behind at all. Keep asking questions, build your network, and focus on progress over perfection. You’re doing great by being intentional upfront.

Always here to chat more about specific markets, things that have worked for myself and others etc.

Best of luck!