I choose to invest in homes than work in MLM. Now What?

Question

Hi BP Community,

I am a newbie here to the BP community. Over the past 6 months, I been re-evaluating Entrepreneur working as an employee isn't working for me. I've been approached by several MLM's.  At the same time, I've been studying the possibilities with BiggerPockets.  I've made the solid decision to invest in real estate. I've been a homeowner for 9 years.  Two children.   Currently, working a full-time and a half job. My goals are to purchase "Buy and Holds" and "Investing".  I don't have a niche yet. Currently, I'm in the process of determining the next step.  I'm excited, motivated and geared up make this decision a success. :=D Any advice will be greatly appreciated.

Randy Campbell Sr · Answer

Hi Tarkiyah and welcome. I'm new to real estate investing as but would just echo what Ben said. Find 1 niche and learn that. Master it. After that fid another niche and repeat. This will help you stay focused and give you success. That will keep you hungry. Also find a mentor, I chose someone from my church who was doing investing and I trusted. His knowledge has been invaluable. It also will help you avoid some of the pitfalls of the business. Lastly get started now! Don't wait until u know everything cause you will never get started. Well wishes

Tarkiyah Melton · Answer

Wow @Ben Thank you! You're Right. I've heard many times to set your sights on a niche. Make a plan and stick with it. Thanks for the advice, motivation and tool. I'll check it out.

Ben Wilkins · Answer

Next steps:

• Find a niche that revs your engine, excites your imagination, and makes you want to get involved.
• Determine your long term goals
• Develop short term goals to reach your long term goals
• Learn about your niche, you goals, and develop a strategy
• Take the first plunge!

There are so many things that you can do in real estate, that it's easy to get distracted by all of the paths you can take. I found it tough to go anywhere at the beginning because I didn't choose a niche, so I was trying to learn everything about everything. Needless to say, it was hard to get traction.

So pick a destination, pick a path to that destination, and study that path - then take the first step!

Tarkiyah Melton · Answer

Lol @Ben, Now it is. Also, thank you for your advice. I watched my first web cast today!