I'm getting my start in real estate investing through wholesaling. I had someone that posted on my newbie post to start contacting real estate investors in my area so I reached out to someone that I've seen purchase property in my neighborhood. After talking to him, he told me a few things:
- Real estate investing was the worst idea he's ever had.
- There's no money in it.
- It's a good idea to hold a home after 12 months because the taxes are lower (even though he finished the rehab in 6 months)
- If I'm smart enough to think about real estate, I should be smart enough to come up with something else that's going to make some "real money"
Needless to say, I'm contacting other investors. Successful investors. Have you had negative encounters like this at the beginning of your investing career?
"Only difference between a winner and a loser is a winner plays until he wins" - Justin Scott
Nay, you don't need to hear what you can't do, from strangers, when you first start out you will find Nay Sayers probably amongst your current friends or family LOL.
What I recommend you do:
First read all you can here on BP listen to some podcast its free!
also read some books from the Library or just buy:
The Weekend Millionaire,
The Millionaire Real Estate Investors
These are my two all time favorites (they have cheese titles but very good readings)
And most importantly you should go to your local Real Estate Investor Club a few times and observe who are the "do-ers" and not the "talkers". Find a few of those people and ask intelligent questions that you have wrote yourself down while reading books and BP articles.
This will lead you to what you are looking for.
Good Luck to you!
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