The ONE Thing You Need to Do to Get Started as a Real Estate Investor


Do you know why real estate investing is so hard for most people? Maybe it’s not hard once you get into it, but isn’t (or wasn’t) getting started incredibly daunting and intimidating? Why is that? I think it’s because real estate investing was never taught to most of us growing up. Maybe a few of you were lucky enough to have family members who were investors so you were able to get into it more naturally, but I’d venture to say that’s not the case for most of us. I’ve never even heard of a school that teaches it. Certainly not high schools, and some colleges offer real estate degrees, but that’s about it.

So can I go out on a limb and say that getting started as a real estate investor is incredibly hard? Hard in the sense that it can be overwhelming, confusing, and one of the worst parts about it is you don’t know who you can trust to learn from. Other industries are more black and white about how to do things, so when a college professor teaches you something, it’s doubtful there is room for that information to be completely wrong. Whereas with real estate investing, there is everything from risky investments to scammers to bad information, you name it!

There all sorts of beginner’s guides out there, both on BiggerPockets and from other sources. If you start researching real estate investing guides, you’ll be bombarded with options of things to read! Just on BiggerPockets alone, you will have absolutely no shortage of things to get you started.

One of the best resources written by our fearless leaders Joshua Dorkin and Brandon Turner is “The Ultimate Beginner’s Guide to Real Estate Investing,” which is an excellent starting point for anyone interested in getting into the industry. In addition to their guide, there are several blogs and blog writers that focus on helping out beginners, and then you can find pretty much any topic covered in the Forums somewhere.

While it is exciting to know how much information is out there to help an investor get started, does that really take away the nervous, confused feeling of how to jump in? It may actually make it worse. Even when you read beginner’s guides, it is possible you might end up even more nervous than before you read it. This can happen because anytime you start reading more about real estate investing, inevitably you will start to get a little bombarded (or a lot bombarded) with new things to think about and things you supposedly have to do.

So what if I told you that I can ease your stress by telling you just one thing you can (and should!) do to get started in real estate investing in the easiest and best way possible? I’m sure you’ve heard it before, but I bet you haven’t thought of it as being the only thing you need to do right now to get started.

Are you ready for it? Drumroll please…

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Read, Study, Research & Investigate Everything You Can

That’s it. Fairly anti-climactic, huh? I know it sounds really boring, and it’s doubtfully new information, so let me expand on it a little bit, and hopefully then it will seem a little more exciting.

If the only thing you are required to do to successfully become a real estate investor (for now) is just to read and look things up. Doesn’t that take off an awful lot of pressure? How easy is simply reading! Sure, you will eventually have to act on a deal to make it happen, but know that not acting just yet is actually smarter. That is all sorts of pressure taken off your plate! You will be better if you don’t act right now.

The more education you have getting started, the more graceful you can be diving in. Education can save you a ton of time and money in the long run because it will help you avoid costly mistakes, it will give you more options for paths and creativity that can dramatically increase your profits, and you can avoid wasting time doing things you hate.

The best way to be as successful as possible as a real estate investor is if you find your true niche. If are working in an area of real estate investing that goes against your natural grain, it will be a constant uphill battle to succeed. You still may succeed, but have you ever heard of strengthening your strengths instead of your weaknesses? It’s the same concept. You will succeed much more if you focus and work in the areas you are already good at. What are those in real estate investing? Who knows.

You couldn’t have offered me a million dollars when I first got started to tell you that my niche would end up being turnkey rental properties. I didn’t even know what that term meant, much less that I would end up quitting my job as an aerospace engineer to work with them! Well then, how did I find turnkey rental properties? I didn’t — they found me. And that’s how you find your true niche. You study and research and pursue everything you can get your claws into, and eventually your niche will find you. It’s the only way to figure it out. Man, if I had tried flipping properties just because I always heard what a great gig it is, I’d likely be so broke right now I wouldn’t even have this computer to type this article on. Not because flipping isn’t lucrative, but because it’s not something that is naturally in my bones.

Related: Newbies, Want to Break into Real Estate? Above All, DON’T Do This

You don’t have to risk large amounts of money to read, study, research, and investigate! Doesn’t that sound more exciting than putting up some atrocious amount of money for a deal you aren’t quite sure of right away and losing it all? Smaller seminars or webinars are fine to pay for and worth the money, but don’t go for the big, expensive programs to start. If you later find your niche, then maybe those programs will be worth it, but not until then. For example, do one of the 3-day “Rich Dad” seminars for $495, but don’t buy one of the $5,000 advanced courses.

Narrowing Your Focus

I’ll give you a quick run-down of how I got to where I am in real estate investing to prove to you that just reading, studying, researching, and investigating really does work. The minute I sat down at my new desk at my new aerospace engineering job, i.e. my first corporate job, I knew I wanted out. I had no idea where to start or what to do, but I knew I had to do something. With no one to ask, I just started Googling anything and everything I could. Eventually, a friend recommended the book Rich Dad Poor Dad by Robert Kiyosaki. From the minute I read that book, it was ON. I was either going to start a business or get into real estate — I had no idea which — but I looked for every bit of information I could find.

I had a million ideas of what I wanted to do at any given time, everything from owning self-storage facilities to buying a hotel to buying apartments to starting random businesses to owning rental properties. But even when I was thinking of the rental properties (which I ended up pursuing), I still had no idea what I was looking at or for or how they would even get me out of corporate. I spent money on education, but I wouldn’t guess it was more than a thousand or two combined (only even that high because of the self-storage convention I went to in Vegas when I thought that was the route I was going to go).

In the midst of all this too, I was talking to all sorts of people under the theory of “fake it ’til you make it.” I never let on that I had no idea what I was doing, but I was also up front that I was new. I did this with a commercial real estate agent, a big investor from Miami (who actually taught me how to structure partnerships), and anyone else I ran across. This was part of the investigation and research part of exploring — talking to people is education in itself! I was also reading every book I could get my hands on. I barreled through just about the entire Rich Dad series, I was reading business books, and I even bought Accounting for Dummies in thoughts that I would need to know accounting principles (I never had a business class since my degree was engineering).

This all went on for about four years. Four years! Granted, I was working a full-time job at the time, and I moved to California in the middle of that, which took up a lot of time, and I did have somewhat of a life, so all of this research really was on the side, but four years nonetheless.

Eventually I got really frustrated because it seemed like all this research wasn’t actually coming in to fruition. I realized it was because I needed to hone in on a focus and stop learning a little about a lot. I needed to pick one thing to now learn a lot about. I chose business. I immediately dove in thinking it was time for me to figure out how to buy a self-storage facility, which is how I ended up at that Vegas conference, and I was certain I had figured out my path. All of a sudden, two weeks later and bored at work, I read an ad in a real estate magazine that caught my attention. The details of it aren’t important, but ultimately that ad ended up completely turning my thoughts on how to get out of corporate upside down by dumping me headfirst into real estate and eventually creating my company, which is what got me out of corporate and working for myself.

In all that time of investigating different paths and attempting to choose one, the difference between what worked for me and what didn’t was the level of difficulty with each. Every other idea I had explored felt like I was swimming upstream, whereas when I finally found passive turnkey investing, everything flowed so easy. It still required a lot of effort on my part, but it wasn’t a constant fight. In fact, none of it ever felt like I was fighting to make it work. This is how I know it’s my niche. The other stuff wasn’t, or at least wasn’t right for me at the time, hence why it was so difficult to make it work.

Embracing Exploration

This is why reading, studying, researching and investigating is such a perfect way to get started. Because you won’t have to figure out your own niche or how to do it; it will find you! But this will only happen with intensive exploring on your part. The other cool thing about doing it that way is you will meet several people who all do different things, and this will give you the time and comparison factor to figure out who the best people are for you to work with. When I met my guys, all through that one magazine ad, I knew I had found my crew. I still work with them to this day, and it’s now almost five years later. It’s like I knew they were “the one.” I never could have known that had I not looked into so many other options.

Related: Newbies Take Note: You STILL Shouldn’t Buy Houses for $30,000

That’s it! That’s all you have to do to get started. Read, study, research, and investigate. In other words: explore! Here are some hints as to how to maximize your time exploring:

  • Ask a lot of questions!
  • Pursue any avenue that seems interesting to you as if you are going to for sure get into it. This will give you more information and insight than if you just browse the avenue with a 25,000 ft view, and it will quickly tell you if it is something for you.
  • Be very respectful of anyone offering you mentoring advice or help. Understand that they are likely not getting compensated for helping you and that they do have their own life, so be very thankful for the time they do give you (and tell them so!), and don’t go overboard on how much time you expect from them. On the flip side, don’t hold back on asking good questions either. Don’t hesitate on asking for information, but be willing to do some of the legwork on your own without them.
  • Be willing to spend a couple to a few hundred dollars on smaller educational programs, whether from gurus or wherever else you find them. Even if a program turns out not to be great, I guarantee you can still get incredibly valuable information from them. Even if you only go home remembering one thing from the program, that one thing may be the reason you become successful later. I can still remember one single line from that 3-day Rich Dad seminar that dramatically changed the face of my investing career for the better. Just that one line alone was worth the $495, easily!
  • Don’t do any of the overly expensive education programs, yet.
  • Understand your own goals. Why do you want to get into real estate investing? If you know these goals clearly upfront, you will be better equipped to know what facets of real estate investing you actually want to pursue.
  • Don’t confuse not acting right now with not acting ever. If, while you are doing your exploring, an investment opportunity comes up that you are interested in, it may be good to go ahead and pursue it! You have to figure out where the balance is of holding off on acting while you expand your education and not acting when you should.
  • Don’t be shy! Network your tail off.
  • Listen to what everyone tells you. In the beginning, it’s worth listening to everything anyone wants to tell you. Eventually everything will start making sense to you, and you’ll be able to differentiate between good and bad advice. And if it doesn’t become clear and you still don’t know who to listen to, remember my all-time favorite mantra,“Don’t take advice from someone you wouldn’t trade shoes with.” Listen intently to the people who are living the type of lifestyle you want to live, and take notes!
  • Read lots of books. Once you find an author who you really resonate with, read as many of his/her books as you can! Still read and study other authors, but find one and really roll with it. Don’t read books from authors who don’t share your same goals or thoughts on some level.

That’s it! That’s all you have to do! Read, study, research, and investigate. No action needed right away, and it’s not even encouraged! How easy is that? Let success find you. Be open to it and ready to jump on it when it presents itself, but let it come to you.

Newbies: What things are you doing to get yourself started in real estate? Experienced investors: How did you get into what you do?

Leave me a comment below, and let’s talk!

About Author

Ali Boone

Ali Boone(G+) left her corporate job as an Aeronautical Engineer to work full-time in Real Estate Investing. She began as an investor in 2011 and managed to buy 5 properties in her first 18 months using only creative financing methods. Her focus is on rental properties, specifically turnkey rental properties, and has also invested out of the country in Nicaragua.


  1. Chase Thompson

    Great stuff Ali!

    One of the keys for me has been ‘Network your tail off.’

    Not that any item on your list is more or less important than any other, but man has networking be vital to my business.

    Do you have any great networking tips that you’ve used in your business?

    • Ali Boone

      Hey Chase! No, I guess “network your tail off” is my best one. Haha. Well, no I guess I have some thoughts. One would be, don’t be shy to ask questions or claim to not know something. On the other end of the spectrum, don’t go overboard and bombard someone and annoy them with thousands of questions. Find a happy middle ground. Act confident in yourself and your plans and what you are doing so people see the worth in helping you out. On the other end of that spectrum, don’t be unjustifiably cocky either. I think people will find a surprising number of people willing to help them out, oftentimes for free, if they give off the right balance of wanting to learn but capable and smart and driven as well.

  2. Hi Ali

    Good article. I am interested in getting started in investing. I struggle with finding the right people to connect to. I am a woman working in the corporate world, so I am accustomed to working in a male-dominated environment. But RE investing seems even more male dominated and seems to have a lot of scammers. How do you find the right people to work with? Do you know anyone in the Houston market?

    • sara nuon

      Hi Ann, I agree, RE seems to be a more male dominated field. Luckily for me, my relatives (aunts & uncles) have several rental properties & have been investing for many yrs in Mass.–they were the ones who encouraged my husband and I to invest in DC (where we live), giving us tips and answering basic questions as to whether the property we’re looking to buy would make sense or not. Do you know someone who’s already investing in RE? If you don’t have relatives or friends who are already landlords, perhaps meetup groups and reaching out to others on this great site to just network and talk? And just because you may be getting advice from men, I think any advice can still be useful to us : )
      I find the podcast interviews on how individuals get buying properties and being landlords on this site really interesting and helpful too–things I often agree on.
      Feel free to send me a note if you want to chat w/another woman investor. Good luck!

      • Ali Boone

        Ditto Sara’s comment, Ann. It’d be fun for a whole group of us females to be connected and stay in touch with each other. Sharon Vornholt would be awesome to have join us too! If either of you haven’t read any of her stuff, definitely check it out. She’s awesome.

    • Ali Boone

      Hey Ann! I do have some contacts in Houston but it depends on what kind of properties or investing you are shooting for there. Let me know and I can try to help. As far as finding the right people, it’s definitely hard. You’d be surprised though that you’ll probably know them when you meet them. They won’t be trying to blatantly sell you anything, won’t be charging you for anything that doesn’t seem quite right, they will tell you cons in addition to pros, and you can always look at their own lifestyle and personality and see if that is what you want for yourself. Like, if someone in a suit behind a desk is trying to push some deal on you, think twice. Versus someone totally real and normal.

      And I hear you on the male-dominated thing! Before I was in real estate, I was a pilot and an aerospace engineer, so I was already used to it. Pilots especially.

  3. Andrew Johnson

    Ali, that was a fantastic article. Great work. I am exactly where you were as I type this response. Sitting in a corporate job (engineering too by the way) looking for a way out. I know real estate is the answer and I am doing exactly as you’ve suggested. Reading, learning, networking as much as I possibly can. I cannot wait to make the jump as you did someday soon! I’d love to hear more about the creative financing methods you used and how you found your properties as well. Again, great read. Thanks.

    • Ali Boone

      Hey Andrew, thanks for commenting! What kind of engineering are you in? It’s a great gig, it just wasn’t for me. I think I knew it when I was working on my degree in it, but there’s no way I could have known what was really for me at the time I don’t think. Very cool you are out exploring. Keep me posted on what you end up doing!

  4. Matt Aspen

    Hi Ali, thanks a lot for sharing your story. Another (wanna get out) engineer here – what is with ‘us people’ 🙂 I’ve been asking for a study plan b/c, like you did, feel overwhelmed with how much there is to learn.
    I admire your perseverance and dedication (the fact that it took you 4 years actually says a lot in your favor). I’ve been reading various ‘how to get started’ material (books, blogs etc) and am constantly revising my study plan. I’m getting better at spotting the scammers (‘gurus’) as well.
    Would like to know more about the ‘ad’ that led you to your team; I’m in the Bay Area. Best, –MA

  5. Hi Ali,

    The definition Turnkey doesn’t necessarily mean you are investing primarily in A properties in A neighbourhoods, does it? I often come across B type properties with minimal rénovations requirements such as some paint and perhaps flooring in a few rooms or perhaps a select few appliances. Should i consider that as being turnkey or not? To me painting a house is still a few days worth of effort but nothing like redoing the entire plumbing and electrical in a home.

    Thanks for the great articles.


    • Ali Boone

      Good question Jamie. No, turnkey definitely doesn’t mean A properties in A neighborhoods, and in fact, it usually won’t. Well, at least in terms of turnkey providers selling properties. Reason being is it’s really hard, if even possible, to get an A/A to positive cash flow. Depends on the market, but you usually can’t.

      The term turnkey refers to the condition you buy the property in, not necessarily what went into it to get it to that condition. Any turnkey property should be fully rehabbed (or fully redeveloped in some cases) so there are no lurking repairs for the owner purchasing it. It should be not only rent-ready, but no deferred maintenance as well. And tenants and property managers in place.

  6. Alex Craig

    Of course this is going to be a bias response as I sell Turnkey homes, but if you are eager to get into real estate and know that is what you want to do, turnkey at first may make sense. In 2007, I knew I wanted to start owning rental properties and I was eager to started ASAP. I decided to go with a Turnkey Provider on my first acquisition so that I could learn the whole process of buying, renovating (I bought during the days where you bought, renovated and refinanced out of hard money), financing, leasing, etc. I felt I learned enough by working with the Turnkey provide on the transaction that I bought every property after that on my own. I certainly had a comfort level in working with a team that knew what they were doing so that I can watch, learn and do it myself the next time.

    • Ali Boone

      Alex, I couldn’t agree more. I think it’s an amazing way for anyone to start! For the same reasons you mention more or less too. There is so much for a newbie to learn, I’m in favor of taking the hard stuff off their backs and just let them first learn due diligence and running numbers and managing managers and such before diving into rehabs and landlording and all the complicated stuff.

  7. Troy Harbin

    Hello Ali, Great post certainly good advice. It’s good to know that your niche will find you,.Because sometimes it seem like a buffet of knowledge leading in all different directions. But it make sense to gravitate to what makes the most sense to you . And in doing so you focus more, and even if it doesn’t work out you learn more. Thanks.

  8. When people ask me how to get started in real estate investing with no money, I suggest they go to their local library and read a half dozen or so books on basic RE investing. Then read books on negotiation, construction, etc. I also suggest they use online forums to get more information when they hit a roadblock.
    My local library in a tiny town, will order books from other library…all for FREE. It just takes time, and self motivation.
    They rarely follow this advise. There has to be true motivation. When most people learn that it is hard work, like any other business…they look for a new “get rich quick scheme”.

    • Ali Boone

      It’s sadly true Gene. I’ve not even heard of any get rich quick schemes that actually work (anyone out there know of any?). The library advice is great. Books are literally what have transformed my life, business, and investing. The internet is great too, but I like it more as supporting than primary resource for info. Books are my primary.

  9. Iverem Rose

    Great article Ali. To set aside four years of your life to learn about real estate and figure out your niche takes a lot of patience and self-preservation. I admire you for that. You’re right that real estate isnt as black and white as there a lot of scammers out there who make their living preying on newbies. To guard myself against potential scams, I am going ask for feedback from the community whenever I come across a guru or a guru product.

    • Ali Boone

      Absolutely Iverem, asking for feedback from anyone who has experience with someone is huge! It’s the best way to find out if you should follow someone or not. If someone gives a negative review on anyone I’m asking about or interested in working with, or shoot even on Yelp, I always consider what they say but always listen to see if it seems like a standard experience or if it was an outlier too. Even the best companies in the world will have a couple naysayers, so it’s key to take into consideration what is being said and what the circumstances were…but as long as you realize that, it’s the best way to go!

  10. Anne James

    Hi Ali,

    Thank you for the article which is wonderfully affirming. I appreciate your question: What things are you doing to get yourself started in real estate? I am using it as a pulse taking tool to ensure “actions” are actually taking place. For the record, I am: 1) purchasing and listening to recommended books each month; 2) listening to the BiggerPockets Podcasts and taking notes (I love the syllabus feel of the preview section); and 3) reaching out to local members to determine which REI Clubs they are attending and/or joining.

  11. Good advice to read and research as much as possible, but then you have to get in the water to learn how to swim. My well educated brother is still reading about real estate 15 years later but owns nothing beyond his personal residence. Meanwhile, my less educated brother and I have each purchased low income housing, learned that we did not enjoy it and were not meeting our goals, sold it, purchased A-B properties at rock bottom prices, flipped some houses, and purchased a 17 unit apartment complex. We are able to really utilize the information that we read now that we have experienced so much in real estate.

    If your local market has affordable housing, I recommend buying something “cheap” and managing it yourself. You will get a priceless education from doing that even if you don’t make a dime.

    • Ali Boone

      It’s true Michelle. It’s a really fine line on figuring out how much to study before you have to jump in. Analysis by paralysis gets so many people, and that definitely isn’t good. I love the sound of your experience. You’re right, must jump in at some point!

  12. Uyenchi Ho

    Thank you for the article. This question is for Ali, but also for anyone who uses her approach. My end goal is also to invest in rental property where I am a landlord as opposed to wholesaling or fix and flipping. However, in order to get capital to invest in turnkey rental properties, I need to wholesale. Unless you’re sitting on a pile of cash, if you don’t wholesale and fix and flip, how do you come up with the money – specifically, down payment – to purchase turnkey rental properties?


    • Ali Boone

      Uyenchi, great question. Just realize that wholesaling is only a job. So to answer your question, you can do any job to build more capital. You could bartend at night, or something totally random. Wholesaling gets confused by a lot of people as a method of investing, but it is only a job. Granted, it’s an excellent job to give you experience in the field, but it’s not the only thing you can do to build capital. You can do any ‘job’ you want. You could also network and meet investor partners and use their money if they are up for it.

  13. Ali, thank you so much for writing this article!! I’ve been wanting to break into the industry somehow, but you are absolutely right – knowledge is power!! I’ve been like a deer in headlights these past few months, but for the first time in months, your article gives me hope and forward momentum! Thank you again for your kind advice, and for all the commenters above.

  14. Pat L.

    Great article Ali, thank you, thank you, thank you! I hope I’m not being too greedy by asking two follow up questions:
    – What magazine were you reading when you saw the ad?
    – What advise and/or resources do you recommend for someone looking to make his or her first purchase with a turn key firm?

    Thanks again,

    • Ali Boone

      Pat, not greedy at all! Great questions. Unfortunately I don’t know the answer to the first one, lol. I think it may have been Realty 411? It was a few years ago and honestly I don’t even remember looking at what the magazine was. I want to say Realty 411 though….it’s the only one that comes to mind. For the second, I can help you out with turnkeys. They are all I’ve ever bought. Shoot me a PM.

  15. Jonathan Orana

    Good article Ali. I am very new to real estate, it is only been 4 months since I was introduced to it. Just like what you mentioned, I was overwhelmed with all the information out there. I wanted to do everything, learn everything and do them now.. Only after creating a plan, learning more, networking a lot, reading, etc did I find a way to focus on a niche.. I am not saying that what i found now is something I will be doing, but for now I am satisfied with the fact that I really enjoy real estate and my focus : Turnkey rental properties …. Looking forward to reading more of you post…

    To all newbies out there.. we can do this!

    • Ali Boone

      Jonathan…. Whooooooo for the turnkeys! Welcome to the super-awesome-way-hip club, of which we call turnkey rental properties 🙂 Okay, that was nerdy. But yay picking them! They are great, I love them.

      And yes, to all you newbies, you CAN do this!

  16. Obviously, you have an abundance of people who are quick to praise your article. Let me take a different tack. I think you absolutely dismissed the most salient point of your article. You mentioned an ad ‘completely turning my thoughts on how to get out of corporate upside down by dumping me headfirst into real estate and eventually creating my company,’ then you dismiss it as not important. NOT IMPORTANT? That information, and the opportunity to extrapolate it into our own experience was the most critical nugget of information in your entire article. Assuming you’re not a guru with coaching programs or a book to sell, why in the world would you leave that out? And, if you had no intention of divulging the information, why even mention it at all – much less attribute so much importance to it? Without the meat, in my opinion, your article could have been more succinctly stated: Explore. Network. Wait for your niche to find you. The end. Book shelves and the internet are saturated with what I call ‘guru-speak.’ Just enough regurgitated information to sound authoritative, with ‘teaser nuggets’ designed to sell more books, coaching, dvd’s, and systems, without actuality giving specific, actionable intelligence. As an engineer, I know your training as it pertains to details, but alas, you chose not to apply it here. I wish you well in future endeavors, but I was looking for details (especially from an engineer) and sadly discovered fluff instead. Hopefully, your next offering will be more illuminating and step beyond the theoretical. Happy investing.

    • Ali Boone

      I’m sorry you were disappointed in the article, JP. I understand why you could be frustrated with having certain details left out…absolutely. Now that I’ve been writing these articles for quite some time, I can say for certain that it is impossible to cover every detail of every topic in one article (same reason you’ll experience similar issues (lack of every detail included) with gurus or pros or anything basically). In order to fit into certain article lengths and such, we just can’t hit everything in every article. My point of this one was to talk about reading and researching and all that jazz…not the niche that found me; that is a separate topic from this one.

      I definitely wouldn’t consider this article “theoretical”, but assuming you mean that it is very broad and not honed in on all the smaller details, then I can’t suggest you put too much time into reading most of my articles. I try to stay more on the simple side with most of the ones I write. I do occasionally write articles that contain more detailed info, but it’s not the majority. Sorry, I may just not be the writer for you. But most certainly you are always welcome to ask me for any details on anything you want to hear more about. I’ll always talk about them, I just can’t fit them in every article.

  17. Eleia Roddy

    Hi Ali, I like this post as I think its makes sense. My partner and I had the dive right in mentality, take action attitude before we really knew what we were doing and we looked at that as being progress. But Im glad to read your article, because I see that becoming educated in the industry is as much if not better progress than just diving in not knowing where to go or what to do. I look forward to taking advantage of bigger pockets to connect and educate myself!

    • Ali Boone

      Well I’m excited for you Eleia! At least you are willing to jump in…that alone is a huge scary step for a lot of people! I said it in an earlier comment a minute ago, but it’s a hard line figuring out when to jump in. Don’t want to wait too long, but want to be educated…. tough one. But definitely some education goes a long way! What kind of investing were you jumping into?

  18. Joe Demonte

    Fantastic article, Ali!

    Its that engineer mentality going into something new. I know because I used to do the same exact thing.

    I have found the best of the best of the best give their nearly full attention to just one niche or area of investing. You can apply that same theory to other areas of life too. I used to spread myself thin all over the place, but found giving 1 area of focus until its complete is so key. Not becoming distracted from the new “shiny object” to deter your focus is an ongoing habit that takes time.

    Best wishes

    • Ali Boone

      That’s excellent input Joe. You are really right. I’ve always heard, wait to go onto a new niche until you’ve mastered this one. And there is some leeway there, especially in the case of your current niche not being the right one, then you definitely want to jump out before mastering anything. But yeah, exactly, that was my problem for a while- I was studying so many things, I was getting nowhere! It’s great to study a lot in the beginning, but then pick something and start working on that specifically. Always be flexible to shift when it’s necessary or a good move, sometimes niches twist around a little, but definitely focus on something. Great advice!

  19. Great tips Ali! I’m like you — there’s no way I could have predicted where I’d be today had I not investigated and tried things out. By trying new things, I found out what I liked and did not like as well as what worked and what did not work. And, yes usually the niche will find you but you have to be out there looking for it!

    As always, I enjoyed your article. Thanks for the reminder! 🙂

    • Ali Boone

      Rachelllll! How are you? Long time, no talk 🙂 Thanks for commenting, and I’m just the same- I never could have predicted where I am today. And you said it perfectly- the niche will find you but you have to be out there looking for it! Spot-on.

  20. I think, for me anyway, one of the biggest mistakes one can make is the misjudging of cash flow. This factor alone has made me sick to my stomach. I think you can never have too much cash flow after the mistakes I’ve made. A major step.

  21. Marty Bosse

    I’ve read a few of your articles tonight and I’m very interested in the turnkey route in getting started in
    real estate investing. Everything else I have read is all about finding deals. 20% investors discount, need to rehab or renovate etc…
    I’m interested in single family homes, is that a viable option as a turnkey opportunity? Will i pay to much if a SF property is turnkey? You mentioned having tenants and property management already in place that I don’t think I’d find in the SF arena. Thoughts or advise?

    • Ali Boone

      Hey Marty! I think it’s a great idea. That’s all I’ve ever done from here in LA so yeah, SF is a lot the same. And yes, SFRs are very available as turnkeys. In fact there are more SFRs than MFRs, for sure.

      Send me a PM or direct message (or whatever it’s called) and I can help you out with any questions you have about the process.

  22. Tyler E.

    Thanks for the encouraging article.

    I have the tendency to learn a lot about a little and spend so much time reading. I believe that rental properties is the niche or strategy that I want to pursue. The other thing I need to take from you is networking. I spend so much reading what people say and not saying anything myself. Thanks again and I look forward to discovering more of your articles.

  23. Once again great article! I’ve ready three of your posts and they all resonate with me – looks like I’ve found a favorite author;) I’ve been doing lots of studying throughout the years and like that you confirm that studying aka waiting is okay… I’ve been learning and will eventually narrow that focus on a niche. Thanks again for your contribution in this space and for being so available and responsive. You rock!!

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