All Forum Posts by: Jerry Thompson

Partnership/syndication for a few small-med investors could be possible as well, no?

Hey @Yuval Gilad, I'm new as well... (a week in) and my view is this: get enough information to make a sound decision and go for it. I currently rent and I'd like to find a small, light fix, multi family property before the end of the year. It'd not my ultimate goal for investing, but it puts me on the board.

I'm not expecting it to be the best deal I do in my entire life, but I need some experience in the field, and I have to live somewhere anyway.. so of course I want it to be a true asset with cashflow potential! I'm relying on my research abilities, networking, and common sense to make a decent decision and cover the price of admission for this first experience. Breaking even would be a success for my first purchase.

Two things to consider that may help you:

1) The longer you wait to do anything, the less passion you will feel by the time it comes to execute (check out the "law of diminishing intent".) I've found the easiest way to alleviate anxiety about anything is to do work and it sounds like you're doing just that.. and enjoying it, so don't lose that motivation. When you sign for that property you'll still have the energy you feel now (if not more!) and will have way more knowledge. However, it can easily feel comfortable to keep consuming more and more and never feel ready to do the thing you've been studying about! Experience is king here, as it is in many other fields. Even the best are still making educated guesses as they go.

2) If you're interested in real estate to be an investor, I don't think you can have success and be gun shy. Even conservative investors take quick action. Set your criteria, take action, and be willing to learn as you go!

Cheers!

:)