Comments on: 3 Things I Wish I’d Known When I First Started Investing

By: jp moses

jp moses — Thu, 15 Mar 2012 16:17:00 +0000

Thanks for the comment, Don. And I checked out your blog – awesome. Love the transparency. Keep it up!

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{ REItips.com }

{ REIology.com }

By: Don

Don — Thu, 15 Mar 2012 13:00:00 +0000

This is an excellent post.

Number 1 was never a problem for me, because of number 3. I waited and studied for over 15 years trying to find the perfect deal. Finally, I was ‘helped’ by a mentor to invest in my first property and feel victim to number 2 on your list.

I would tell beginners to make sure the numbers work with a large margin for safety if things go wrong (they will). Avoid buying from a mentor or wholesaler until you have some experience. And finally, just do it and stop the analysis paralysis.

I have been investing for about 5 years. I have 13 rentals, and just started branching out into flipping. I just got a contract to sale my first flip at a $50k+ profit (which is not typical). I am documenting this at my blog. If you are a newbie, read this blog, my blog, and many other free resources on the web then ‘do a deal that works’.

realestateadventurer.com

By: jp moses

jp moses — Wed, 29 Feb 2012 03:09:00 +0000

Thanks, Kim. I do charge sometimes. For some stuff. But I like to give first and earn your respect before asking you to invest your money into anything. And when I do, it’s the very best I can offer.

Thanks for the kind note. Warmly received.

…jp

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{ REItips.com }

{ REIology.com }

By: kim

kim — Wed, 29 Feb 2012 02:21:00 +0000

Seriously, i say it over and over again, thank you thank you for the free valuable info. not that im complaining, why are you giving all your knowledge for free when others are charging? hope you dont start charging now lol

By: jp moses

jp moses — Mon, 16 Jan 2012 21:24:00 +0000

Awesome, Skipper! Thanks for commenting, brother! And please say high to Gilligan for me.

…jp

By: Skipper

Skipper — Mon, 16 Jan 2012 21:02:00 +0000

Great info JP….I have been caught in noob-land too long now and can see how easy it would be to just jump on the first deal that I can at this point! Hopefully, I will make the move when the time is right and more importantly, the deal is right!
PS- Enjoyed and appreciate your witness in your Faith Corner! I am also a follower <

By: Kd5zxh

Kd5zxh — Mon, 26 Dec 2011 05:26:00 +0000

One more comment/question: I live in the Albuquerque area. I have read so many REI posts at a plethora of web sites over the years, and I can count on one hand the number of posts from this area or even the state. Why is that? Is this a tough state for independent investors to work? The reia here is kind of small, but steady, and the notes group says it is almost impossible to find any notes to buy anymore. For a noob, this is confusing and discouraging. It’s difficult to know who to believe.

By: Kd5zxh

Kd5zxh — Mon, 26 Dec 2011 05:17:00 +0000

Good all around advice. I was wondering…I’ve heard the term, “understand your market” and wondered if you would expound on that; how do you do that, what is it you are looking for, and wouldn’t help the problem with focus or bouncing around?
Like Sacha, what if you’re not sure of the slice of REI you want to work in? Where do you start to “know your market”?
What if you’re thinking mobile homes, or tri-plexes, or Notes, and those strategies are really bad for your area? How does one weed thru all of that to figure out the best combination of local market and your personality or temperment and skills?

By: Obat Alami Untuk Asam Urat

Obat Alami Untuk Asam Urat — Sun, 25 Dec 2011 12:25:00 +0000

Great post however I was wondering if you could write a litte more on
this topic? I’d be very grateful if you could elaborate a little bit
further. Cheers!

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