Posted by lyal on November 14, 2000 at 07:32:38:
Others here will get tired of me saying this but…I think mobiles are the BEST place to start an RE investing career. Mobiles can be an investing philosophy in and of itself or a stepping stone to a broader approach.
The reason its a good place to start, in my opinion, is that its hard to get hurt badly. If you really screw up a deal, chances are you’ll at least break even. It gets you in the trenches, talking to people, building a network etc. All these things are extremely important to RE investing. It helps you learn to “walk the walk”. Additionally you can use the income that you build as a platform to support other investing activities.
All the best, Lyal
PS: Sorry I missed the chance to meet y’all at the seminar but I had to make a choice between that and the lender’s seminar. I’ll be soaking up Terry and Ed’s wisdom this week-end.