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What's something that you struggled with in real estate investing as a beginner?
What's something that you struggled with in real estate investing as a beginner?
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2 answers
Updated
Aaron’s Answer
Just getting started, pulling the trigger and going for it. Don't spend 3 years "getting ready".
Thank you so much for the advice.
Lydia
Updated
Maurice’s Answer
I think raising enough capital for investing in real estate is a challenge.
Doing the due diligence in running the numbers to assess whether a property will be profitable or not. there are many spreadsheets that are available to help plug in the numbers to determine whether a property will be cash flow positive or not.
For me I purchased my first property as my primary residence then moved out after several years and turned it into a rental. You can then borrow against the equity and continue doing this over and over. This is one approach
Doing the due diligence in running the numbers to assess whether a property will be profitable or not. there are many spreadsheets that are available to help plug in the numbers to determine whether a property will be cash flow positive or not.
For me I purchased my first property as my primary residence then moved out after several years and turned it into a rental. You can then borrow against the equity and continue doing this over and over. This is one approach
Did you have private money lenders to participate with you?
Lydia