Today we’re going to talk about what you need to know before you start investing in real estate. How much information do you need? What’s too much? What’s not enough? I have a strong opinion on this and I’ve become more and more adamant about it. As I interview successful investors, I notice that they share my opinion on how much information you need to start.
I always get a lot of questions from people like you who are interested in real estate investing. Often, aspiring investors ask me many questions that they really don’t need to know the answers to to get started. Today I had someone ask me about the closing process and I had to say: you don’t need to know! The closing process is not important when you haven’t even made your first deal or started networking yet. Don’t worry about what happens at the end when you haven’t even started the beginning yet. Once you’ve found a great deal and gotten started, everything else will fall into place.
So what do you need to know to get started? You need to thoroughly understand the step that you’re on right now, and start preparing for the next. You definitely don’t need to understand the next four steps in the process yet.