Newbie Real Estate Investor

Does this sound familiar?

You have scheduled your very first appointment to look at a property, and you are trying so hard not to look like you are a newbie real estate investor. You’ve done your homework; attended every local REIA meeting for the past 6 months, read numerous books (like these, the top 21 best books for real estate investors!), listened to tapes and CD’s and you have attended every seminar in your area. You spend most of your evenings here on BiggerPockets as well as on other forums and websites trying to soak up as much information as you can.

But on the day of your very first appointment all you can think about is that you are sure they will figure out you are a fraud; that you have absolutely no idea what you are doing.

All I can say is “welcome to the club”. This has been just about every new real estate investor’s experience.

Today Is the Day You Look At Your Very First Property

The day has finally come to look at your first property. You get in the car and drive to the house to meet with the seller. You’re not sure this is even a motivated seller, but you need the practice so you set up the appointment anyway.

Pulling up to the house you start to feel pretty good about this meeting. You get out of the car, walk up to the door and shake hands with the seller. After a while you settle into an easy conversation asking questions about the property along the way. You walk all through the house taking notes and snapping pictures with your camera. Finally it’s time to go. You shake hands again; thank the seller for their time and leave.

What …read more