Good evening ya'll, I'm a custom home builder outside Houston Tx. Just bought my second home, and had an incredible attitude change after listening to Rich Dad, Poor Dad. I am now extremely eager to learn!!! I'm looking for other books, or online courses to take that will help educate me enough to take the reins and start buying assets. What were your best learning tools?
@Daniel Purcell Welcome to BP! You will find so much free information in the forums, and listening to the podcasts. I use them on a daily basis. When I first got started I read How to Invest in Real Estate, by Brandon Turner and got so much out of it. Book on Flipping Houses by J Scott was also great.
There is a tab at the top, Bookstore, there are a lot of great recommendations there. It not a real estate book, but Miracle Morning has been a game changer for me, as well!
Hi Daniel! I learned a great deal about real estate investing from Bigger Pockets. Brandon Turner had a lot of great podcasts and articles for newbies and there is a wealth of information by other investors in the forums.
Rich Dad/Poor Dad has motivated a lot of people to investing in real estate. For me, it was just wanting to get out of construction and focusing on doing something else for the next 20 years before retirement. I decided on investing in real estate, because there is practically no startup costs or overhead costs! And, the return on investment is HUGE! I don't even care if I'm not a millionaire. I'm happy to generate enough income to match what I was making in construction, buy good, quality family insurance, and match what I was investing in my 401k. Of course, the potential for more is always there!
Today, I'm wholesaling, but it wasn't how I started out the first of this year. I wanted to buy discounted properties and flip/hold them, but COVID hit. So, I changed strategies. These last 7 months have been a HUGE learning process! I have learned so much from research, reading, and meeting other investors. If you haven't already, create an account on meetup.com and join several local REI clubs, like, North Houston REI, 713 Houston Area REI, and Wholesale Nation. Then, befriend them and others on Facebook. Good luck! And, I hope to see you around!
Hey Daniel, that's awesome!! I really enjoyed Cashflow Quadrant and Wealth Can't Wait.
Piggybacking on what Turner said, I think networking and getting to talk to people who have actually done what you want to accomplish has been the biggest help. People will love that you are a builder and will probably have a ton of questions to ask you as well.
I also think YouTube has helped a lot. I watched probably close to two hours a day on YouTube when we first got started and I still use Youtube and podcast nearly every day.
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