Wednesday, April 22, 2009
If you could turn back time and revisit the beginning of your Real Estate Investing Career, are there some “things” you would do differently?
Well for me the answer is yes. I spent money in areas I should not have spent money and I scrimped on things I should have spent more on.
What are things you would have done differently?
1. The primary item I tried to scrimp on was my education. I thought that if I read enough books and watched enough webinars I would be able to get out there and turn some deals. If I had it to do all over again I would have put a large bit of my money into a mentor and I could have been working (for me at least) a year earlier. I spent a good (or bad) year floundering because I didn’t have someone in my corner to encourage and to push me to do what I needed to do to get where I needed to be.
2. Well really number 1 covers a lot it for me. That is a big one in my book I wasted a lot of time and money on number 1.
There are some really great mentors out there (my opinion inserted here) just take your time and find one that is tried and true; fire tested so to speak; and LOCAL. You should be able to find someone that is within a 50-60 mile radius (hopefully). The best place to look in is your local REIA. Go to a few meetings and watch and listen. Tell people who you are and what you’re looking for.
Make it a great day,
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Posted by Dennis J. Henson at 2:00 PM