Are you just warming up in your investing career?
Do you have trouble getting others to take your seriously?
If these are concerns for you, you aren’t alone. As we say over and over on the BiggerPockets Podcast – real estate investing is all about networking – but what if you have nothing to bring to the table? How can you network without credibility?
It’s kind of like the “chicken and the egg” question… how can you build your credibility before doing a deal, but you can’t do a deal until you build your credibility?
Fortunately, every single successful investor today been in the same place but found a way to overcome. The following are __ ways you can build your credibility even before you do a single deal.
1.) Admit (To Yourself and Others) What You Don’t Know
There is nothing more obnoxious than a newbie investor who claims to know everything.
In the famous words of Jeff Brown – you don’t know what you don’t know, so stop trying to build your credibility by making things up. It’s okay not to know everything, or anything. We all start that way.
People often ask what the best way to find a mentor is, and my answer is simple: start with humility. No one wants to help someone who’s a know-it-all.
So admit to yourself that you probably only know 1% of what you will know, and don’t try to puff yourself up as knowing any more than that.
Seasoned investors will see right through you.
2.) Niche Down in Your Education
As I’ve stated many times before, there are hundreds of ways to make money with real estate investing – but no one knows them all.
Instead of trying to learn everything, focus on a specific niche and get …read more