Are you new to the idea of personal real estate investment? Your first decision will be to identify the best investment you can make in the real estate sector.
Is it investing in single-family homes? Commercial properties? Or perhaps four-plexes or multifamily apartments? Multifamily Investor and Mentor Brad Sumrok believes it’s something far more basic than deciding on the right asset class or property.
“To begin with,” says Sumrok, “you must invest in specialized education … invest in yourself. When you’re talking about investing thousands, or hundreds of thousands, of dollars in real estate, you owe it to yourself to first invest some time and money in educating yourself. Preferably, that’s by finding a mentor who is respected and known who can provide you with a proven process and hold your hand every step of your investment journey.”
That simple piece of advice can save you a lot of money. It certainly can save you a lot of time and spare you a lot of headaches, as you won’t be repeating the missteps or mistakes that your teacher has already experienced.