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Primary Blog/Realestate/Jumpstart Your Journey: A Beginner's Guide to Real Estate Investing

Jumpstart Your Journey: A Beginner's Guide to Real Estate Investing

Tuesday, July 18, 2023

Brock Gladson

Hello everyone!

Now, if you were anything like me, investing, especially real estate, was like a foreign language. Seemed like only the moneybags could do it, right? And talk about risky! And as for real estate investing, I thought it was all about snagging the most rundown joint on the block, throwing loads of time, dough, and elbow grease into it, and then, fingers crossed, hoping for a profit. Not exactly what you'd call a solid plan, huh?

Boy, was I off the mark! Sure, there are some fly-by-the-seat-of-their-pants real estate investors, but it's the folks who've got their noses in the books that you gotta watch. Investing in real estate is more akin to a game of chess than a roll of the dice. It's all strategy, foresight, and most importantly, learning. When you can look at a shabby property and conjure up three or four savvy ways to turn a buck, that's when things start to happen. And all that begins with education.

So, where's the best place to start soaking up the knowledge? Well, the online world's your oyster. Blogs (like this one, hint hint!), podcasts, YouTube videos—you name it, it's there. And while big shots like Robert Kiyosaki and Grant Cardone can point you in all sorts of helpful directions, there's something unbeatable about learning straight from the horse's mouth. Get yourself into a local REIA or a business network, and you'll rub shoulders with folks already doing what you want to do. Finding a mentor in these places could just be your golden ticket to success.

Alright, what's the first thing to get under your belt? Well, you gotta learn to talk the talk. Get the lingo down, and you'll be better equipped to learn from books, videos, and the rest. Next, wrap your head around the basic math, the key metrics, and the general strategies. There's a whole smorgasbord of strategies in real estate, which can lead to a touch of analysis paralysis. You'll come across a heap of seller financing strategies, but when it comes down to it, they're all just different sides of the same coin.

Once you've got the jargon, math, and deal structures down pat, it's time for some hands-on practice. Underwrite deals until you can do it blindfolded. And once you've got these foundations solid, it's time to take 'em for a spin. Look at your first deal not as your ticket to the big bucks, but as a crash course in real estate investing. Dive in, soak up all you can. Your goal here is to nail the execution of the deals you've just learned to put together and analyze.


Remember, folks, real estate isn't some magic money tree. It's going to take late nights, hard graft, studying, and a whole lot of underwriting. But it's also a journey that could take you to financial freedom and prosperity. So, to wrap it up, start with getting educated. Back yourself. Take a punt on yourself. 'Cause if you don't take that first step, you'll stay stuck at the starting line.

Brock Gladson

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