The article is about how to be realistic and to gain enough experience on smaller deals before you dive into large multis.
Gurus will tell you that real estate is easy (especially with their system now at a low price of $9,997!!). They will tell you ANYONE with no previous experience can do it. They will tell you real estate investing is the fast way to get rich.
The truth of the matter is, real estate investing is not easy. It takes time, commitment, persistence, and many hours of learning (sometimes the hard way).
Real estate investing is NOT something any person can just jump into. This is what Ann is getting at in her article. She sees so many new investors told that its okay for their first deal to be a 200-unit out-of-state apartment!
If you are doing this on your own, and have never so much as owned a duplex, how on earth can you know what you don’t know?
At AA Real Estate Mentor, we like to be honest about what it takes to be a successful real estate investor, but Ann has a great way of being blunt and to the point about it.
This is not to discourage new investors, rather, to make it clear to you that your real estate investing business and education should not be taken lightly. Part of your education is getting out there and doing the smaller deals. Make mistakes and learn from them on a smaller scale. Don’t make your first mistakes on a $1,500,000 property…by