In real estate investing, nothing wastes more time or loses more money than taking the wrong first steps. Newer investors are at a greater risk of falling into this trap. With all the information and strategies out there, you can end up focusing on things that don’t actually move the needle.

What are the key things you need to steer clear of as a newbie? Can doing the right things in the wrong order be a mistake?

In this episode, I share 10 things I wouldn’t recommend for newer investors.

We all have limited time so we’ve got to spend it the right way. We always have to focus on the things that are going to move the needle in our businesses. -Tom Cafarella 

Three Things You’ll Learn In This Episode

-Don’t be stupidly impatient 

Taking too long to start investing is a huge error, but how do we make sure we’re not rushing in without a strategy? 

-Step 1 vs. step 5 activities

Things like building a buyer list, raising capital and even naming our businesses shouldn’t be the first thing we focus on. What needs to be priority #1?

-Don’t quit your day job cold turkey 

Real estate investing promises a high return, but it’s not instant. Why is it critical that we keep earning money?