Project:NOMAD

Project:NOMAD

One Man’s Attempt at Lifestyle Design and the Quest for the Perfect Virtual Company

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…with a little help from my friends…Part 1.

So…you have decided that you want to try your hand at investing in Real Estate, and you are not sure where to begin.

You bought a bunch of Real Estate investment books, then started going to seminars and buying courses (even some courses off of eBay) that pretty much collect dust on your bookcase…

Don’t get me wrong, learning as much as you can about a subject is a good thing, but there comes a time when you realize you are avoiding action; you know a lot of stuff, but you don’t know how to, or are afraid of actually applying that knowledge. “Paralysis of Analysis” sets in and you become a seminar groupie…

Been there…done that…

So what do you do?

You find yourself a mentor to kick your ass…How?

Here is how you take your first offical step as a Real Estate Investor…join your local REIA – Real Estate Investor Association. Here’s why:

  1. You want to be a Real Estate Professional…Act Like One!  (Also known as “fake it until you make it”)…Becoming a member of a professional organization adds a lot of credibility, which you will need closing your first deal.
  2. You have a network of investors who are all in pretty much the same boat as you are, each with varying degrees of experience – the opportunity to learn from them cannot be overstated.
  3. deal that one investor in your network may reject, might fit your criteria perfectly. (Remember to pay them a referral fee if you close!)
  4. There is a great chance that you will find that one person from your network, a mentor, someone you admire, who you want to emulate; someone to kick your ass when it needs to be kicked. Someone to bounce ideas off…someone to cheer you on…

I was fortunate enough to be a part of the Georgia Real Estate Investment Associations Mentorship Program when it existed; through it, I had the great fortune of meeting my mentor, Joyce Bone.

Had I not, I would still be attending seminars, buying courses that collect dust on my bookcase in my den.

In Part 2. I will discuss building the rest of your team…

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