Taking Action, the Hardest Part.
I've talked to a lot of people looking to purchase investment property over the last few years. Some people have learned more about the theory of owning investment property than I will likely ever know. Only one problem. They've never purchased. I've met people who've been studying investment property ownership since the early 80's and still own zero properties. If this comes as a shock to you, you'd be even more surprised by how common this story is. The hardest part is buying the first property. Analyzing investment properties is becoming more and more of a science but in the end it is still partly an art. This is what keeps many people from starting. The art involves the human elements of tenants, property management firms, weather, to name a few. It is no more similar to investing in the stock market than farming. And in reality it probably is somewhere in the middle of the 2. I should know, I grew up a farmer's son. Taking action is getting easier though. The internet is tearing down the barriers of accessing information. This has created a surplus of information, websites, and companies focusing on investing in real estate. Look for a vendor or company who is focused on you. That focus should be in your success as a part-time or full-time investor. In succeeding you will refer them much business for years to come. If the sole product someone is selling is a course or bootcamp, beware. Coaches should help you take action too. There has to be an endgame which is ultimately succeeding.
