Real Estate Investing – What the Guru’s Won’t Tell You
I have been down the real estate investing path for some years now, and have taken the time to get myself educated. If there is a new book, I have purchased it. If there is a new technique – I have examined it, a new seminar, I have looked at it, and I have been to several. I have talked to several investors and spent time looking at, and understanding the markets I choose to invest in.
It is almost trite to say that I think the best thing you can do for yourself when you enter any investment is to get educated. In fact, let me say that if you don’t want to take time to get yourself educated, then you are not an investor – you are a gambler – or worse, a fool. I know that sounds harsh – but let’s be honest, why would you put your money into something you have not taken time to understand? Worse yet, most of us do it anyway, handing our hard earned money (well I think of mine as hard earned) to someone without understanding even the fundamentals of what makes the investment sound, appreciate, depreciate, etc.
The Gurus like to say – “you can take this seminar, or learn by your mistakes and take a more expensive seminar.” True, true – you can make several mistakes in real estate investing, but you can in your seminar choices too. Not all are bad, and many are really good, but that is for another discussion.