In the beginning, I was afraid. Later, I was greedy and reckless. Neither worked out for me very well. I spent my first few years in the real estate industry helping other investors get financing to renovate old homes. I was in my early 20s and wanted to get involved, but wasn’t quite “ready” emotionally.... Continue Reading →
3 Telltale Signs You’re Definitely NOT Ready to Invest in Real Estate
Most aspiring real estate investors suffer from an insidious form of perfectionism. They possess all the tools to get started but get sidetracked by procrastination dressed as “preparation.” There’s always one more book to read, one more course to attend, and one more guru to contact. But there’s another group of potential investors whose ambition... Continue Reading →
The Best Piece of Real Estate Advice I Can Give New Investors
The best piece of advice that I could give you if you’re starting your journey in real estate: On absolutely every transaction, on every single property, every portfolio that you are considering buying, always underestimate your income and overestimate your expenses. When calculating your return on investment, I fully understand there are different formulas out... Continue Reading →
10 Absolute Must-Read Real Estate Books for Beginning Investors
Sixteen years ago at the age of 23, I was a brand new real estate investor. I had just graduated from college with a biology degree, which basically qualified me to tell you the species of tree in the backyard of a house! Beyond that, I had no practical real estate investing skills. In fact, I... Continue Reading →
The Only Time You Should Ever Buy a Property for More Than It’s Worth
Before you think I’m absolutely crazy to buy a property for more than what it’s worth, please hear me out. Guys, of course we know we should buying properties under value or as cheap as possible. Then we should put whatever we need into the property to get it to a sustainable longterm standard without... Continue Reading →