SLOW Down...

I started six months ago and now I feel that I am able to really apply the principals but there is always something to learn.

Mike, well said!! Now every one needs to understand that statement. If you think you know everything can you apply it? You only get 1 opportunity at making your 1st impression!
Thank you
Raymond

I have been doing this for almost 3 years now and just now. Figuring out some things that never made sense to me before. Take time and do it right the first time.

I completely agree with you Mike.

Im just starting out (about 4 months learning) and i still feel like i dont know anything. I dont stop learning, and my passion and fuel for learning keeps growing more and more everytime i come onto this site.

Keep it coming everyone

thanks....

Linda

Great advice Mike. I think my biggest disappointment and most helpful situation was that I couldn't go fast. It gave me time to learn what I needed to learn and it definitely SAVED MY BEHIND because I almost did the things that would have ruined me. Once I laid out the plan and studied HOW to do the plan, I could see the mistakes I almost made.
Let that be a lesson to you newbies. It might not happen overnight but with persistence, education and action, it will happen. Now, GO STUDY!!!!

Andy Sager
DG's AndyS
CFIC member

Great post Mike, all of your posts are great. We can think of the DG path as the yellow brick road that has lions and tigers and bears along the way, so we need to slow down and pay attention to what we are doing but act and keep moving to make progress.

At least this path doesn't have poppies that put you to sleep or scary flying monkeys.

Judi

a get rich quick BUT a building wealth over time

you CAN make some hefty assignment fees that will make a big difference in your bank account

It all takes a plan of action and then action.

Sandra

pay attention and re-read even the simple things in front of you

SO many times I see post/replies,asking where or how or it doesn't work...

YES it is there, how is anwered, and it DOES work IF you'll SLOW DOWN and pay attention to simple details.

You read TOO fast and THOUGHT you knew WHAT you read and really it's something different.

EXAMPLE:
"findcompsnow.com" YES this works if you go to the correct site, NOT going to "compsrightnow.com" 2 totally different sites

You can see where trying to speed through things will cause you problems - just imagine what will happen when you 'speed' through writing a contract and screw that all up

SO...SLOW DOWN and pay attention

see links below

Hi Mike,

I know this may sound silly and maybe even idiotic but im willing to sound that way to learn, i am extremely new to this and i dont know what a lot of the terms mean when it comes to the different ways of buying and selling real estate. So my question is, is there any type of dictionary of glossary that i can use to get a better understanding of them. I am attending the boots on the ground soon and i want to have some what of an idea of what there talking about. Any advice would be greatly appreciated.

Thank you,
Michael

I have to tell you that since you gave us the web site findcompsnow.com, I have used it religiously. Some people say it doesn't help them. It does me!! And I appreciate your sharing and your willingness to help all of us.

thanks!!!

thanks for that post, it almost feels like you're talking to me directly. I have been reading on this site and other books for four months already and maybe I'm not ready or maybe I am but I feel like if I just keep reading and don't do anything I might get stuck on the over-analysis paralysis and end up never doing anything. It's really great that there's a dg community that supports each other, I feel like me and the rest of the noobs and first-timers in here are lucky that there are members like you that already know the business and that's probably what pushes us to take action. I guess you're right, take action slowly and cautiously. Still, my goal is to make it happen this year.. Thanks for the advice, sir.

There is NO stupid questions...ONLY the ones you didn't ask.

On left of page, under Main Sections, find "Glossary of Terms"...also

Heres a link for DG site Instructions on how to use this site
http://www.deangraziosi.com/real-estate-forums/everything-else/98369/dg-...
..in reply #7 from MarkK, he has at the bottom a link or 2 for glossary of REI terms etc

Thank you Mike it really is good to know that there are so many good people willing to help you it is truly a blessing to be apart of this whole experience.

To all newer students. Please listen to the message that Mike has laid out for you. He is a successful investor with great advice. Don't try to re-invent the wheel. These methods will all work, no matter what your situation is. Read, Read and Read again all the info that Dean has laid out. You will be glad you did...Jan

just trying help to prevent mistakes that can be costly

Like some of the guys said its great to have guys that are seasoned actually taking the time to help out us newbies. Some good advice on this site.

Are you on Admin. staff yet, Mike? LOL

bump bump

I have to whole heartily agree here. I see a lot of questions saying how to price an offer if you never to see a property. Putting offers on properties sight unseen is for those who have some experience in the market.

If you are just getting started, you will need to learn the ropes - all the ropes - and that includes learning on how to gauge a good investment, repair costs and the inspection process. Until you can be comfortable with the process and financially able to tolerate the risk that goes with offers on uninspected properties, then take the time and go slow.

You HAVE to learn these AND values

On left of page, under Main Sections, find "Glossary of Terms

..