5 Ways to Learn About Real Estate Investing Before Taking Your First Steps
Stepping foot into real estate doesn’t have to be an enormous challenge, as long as you’re ready to invest in your education and learning. The problem many people run into is that they don’t know where to start. Even after you start consuming all the educational material out there, you’re likely going to get lost in the maze while trying to get your first income property. With that said, here are five methods to learn about real estate investing in a way that will allow you to take action simultaneously.
#1 Mentorship
One of the fastest ways to step foot into real estate and learn things the right way is to get a mentor. If you’re not sure how to get started even after spending hours learning about real estate or you just need that final push over the edge, a mentor could help you get there. Now, I’m not saying this because I’m a mentor myself. In fact, you can go out there and hire anyone to coach you through this process. As long as you’re getting the right kind of guidance and support, you’ll be ready to make some big moves in the industry.
#2 Books
If you’ve read Rich Dad Poor Dad already, then you’re on a good path to obtaining some serious real estate knowledge. Keep in mind that there are hundreds of valuable books out there that you can use to inform yourself on different strategies and investing methods, as well as learn about other people’s experiences. Books are a great way to diversify your knowledge and gain insights from professionals in the industry at a very low cost.
#3 Podcasts
For those who are slow readers and prefer listening over reading, podcasts are the perfect alternative for effective learning. There are plenty of investing podcasts you can listen to while driving or running errands so you can gain knowledge and insight in a faster and more efficient way. I’ve also been featured on dozens of podcasts where I’ve shared my stories and experiences with both beginner and advanced investors.
#4 Events and Conferences
Although there are fewer conferences going on in-person due to Covid, you can still find useful real estate events online or within your community. Attending such events is a great way to network with other investors and even create opportunities that could be your foot in the door. Most importantly, you can learn a lot during real estate conferences and similar meetings, which is kind of the point. Try to put yourself out there as much as possible and take every chance you can get to connect with other investors and individuals in the industry.
#5 YouTube
Last but not least, we must not underestimate YouTube as a powerful learning platform. Not only does YouTube have thousands of investing videos available right at your fingerprints but it also features vlogs and similar types of content provided by people who are already investing in real estate. Finding great channels and consuming real estate related content is a great way to get informed and also see what it’s like being an investor. The more you can surround yourself with this type of content, the faster you’re going to advance in your career.
Start Your Journey Today
Although chasing the knowledge is a great thing to do if you’re just starting out, don’t get stuck in the analysis paralysis mode where you never take any real action. I’ve seen so many people stuck in this cycle where they try to learn absolutely everything and they end up doing nothing with that knowledge.
It’s only with the help of a mentor that they move from that spot they’ve been stuck in for years. If you’re looking to make the first moves any time soon, feel free to schedule a quick consultation call to see if I can assist you!