Getting Educated - Is this a good strategy?
Hello, my name is Daniel and I've been working in the commercial real estate investment management industry for a while but am new to the residential side. I, a newbie, am tired of the endless cycle of real estate seminars (that just try to sell you more real estate seminars). On the flipside, I'm sure the experts are tired of hearing of beginners looking for help but not following through or staying committed.
My thought to overcome this dilemma is to start analyzing deals (using bigger pockets software or an excel template) and ask an experienced (hopefully local) investor to check the inputs and assumptions and explain how/why they would tweak the model. I'm not quite in a position to invest yet, so there may be a an opportunity for the experienced investor to benefit from my underwriting. Does this sound like a fair trade?
Thanks all for your time and happy 4th of July!!
Best,
Daniel