Real Estate Training

Written by Jeremy Horelick
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Where is the novice investor supposed to turn for basic real estate training? With books, CDs, DVDs, seminars, and lectures around every turn, it can be overwhelming to start out in the real estate investing game. There are a million people chomping at the bit to sell you products that will make you an "overnight" success. And if you buy these, well, maybe you ought to consider a different line of work altogether.

While some gurus and experts do offer quality products, the majority are intended to line their own coffers. After all, why should these "pros" bother to share the secrets that have made them rich? Aren't they just impeding their own lucrative business by bringing in more competitors? The truth is, there's a learning curve that applies for real estate investors, whether they're in the commercial sector or residential field, working for a big brokerage or simply out on their own as independent entrepreneurs.

What Kind of Real Estate Training Is Out There?

Aside from a basic nuts-and-bolts course designed to give you the principles, the two best ways you can train yourself are experience and a team of trusted advisors and mentors. As has been said in every field, there's just no substitute for experience; you'll make mistakes, undoubtedly, but they will be instructive mistakes, and will help you avoid a similar fate in the future.

The second aspect, a team of confidants, is absolutely critical to your real estate training. Rarely has a maverick investor succeeded without the help of someone along the way who has shown him or her the proverbial ropes. Real estate training requires a familiarity with everything from tax law and building inspections to financing and contracts. No one is expected to have all of that at their fingertips. But by asking the right questions and turning to qualified pros, you can learn enough to sustain you through even the tightest spots.

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