Updated over 10 years ago on . Most recent reply
New Member from Houston, Texas
Hello Everyone,
I have zero experience in real estate and frankly was scared of it till recently. However, as a practicing CPA I noticed that in the past five years the clients/friends I have who have the most money, or have made the most money have bought, sold, or rented at least one house. That led me on a journey to learn from them and talk to them as much as I can about how it all works. It's one thing to understand the economics and the tax aspects, but it's the execution that makes all the difference, I think. Besides, what makes someone start doing this in the first place?
That's what brings me here. I've been trying to learn whatever I can about real estate deals and how investors approach their work. A friend of mine Lyall Storandt is on here, and highly recommended it. I have plans to buy my first property soon, so anything you can say about the "how" and the "why" for rentals would be great!