What advice would you give to a new investor?
1. Find a coach / mentor in your area to whom you can turn for guidance. Most importantly with anyone you turn to, make sure they are successfully doing what you want to do and talk with others they've helped before you make a commitment of your time and / or money.
Real estate investing is not a solo business. You need attorneys, CPAs (knowledgeable in real estate investing), contractors, sub-contractors, real estate agents, title companies, closing attorneys, inspectors, appraisers, on and on. Find someone who's walked through the mine field before you and can give you a hand to save you both time and money.
Should you pay them for their time? Absolutely. If they're willing to share with you what they've learned over years of their own time and efforts, they've paid for their skills one way or another … Read More