Top 3 Things to Do as a New Investor
Look – we’ve been there. Getting started as a new investor is confusing, complicated, and can be downright overwhelming. There is so much information out there and figuring out where to start is tricky. We’ve put together our top three things to do as a new investor to get you started on the right path.
1. Get educated
There are a lot of ways to get educated. You can learn on your own or go to someone established and learn from them. In the same fashion, you can spend no money or hundreds of thousands of dollars. There are plenty of valid ways, but we do think that there is a lot value to investing in your education in this scenario. Plenty of people out there have failed (and failed, and failed) and now know the right way to do this. You don’t need to reinvent the wheel here – your time can be used much more valuably.
When you’re getting started though, free resources can be your best friend. Our YouTube channel, podcasts, and LandInvestors are just a few examples of free resources that can get you well on your way.
2. Know that there is a lot more money out there than talent
This is something that our co-founder, Steven Butala, loves to talk about – and it really is true. There is so much money out there, but people who can source deals (and do a good job at it) the way we do are special. If you’re able to find good deals they will be funded, so don’t let that hold you back. You don’t need a lot of money to get started, and don’t let that be a barrier of entry for you.
3. Commit to putting in the time and effort
Probably the simplest yet hardest item for new investors – you really do need to put in the time to grow your business, educated yourself, and become a pro. For some people this is just an extra hour here and there, or it might mean getting up at seven am and home at seven pm so you can do a few hours before and after work each day. It’s different for everyone, but the key is consistency and committing to something you can stick to. So have that talk with your family, come up with the schedule that works best for you – and get ready to be a full-blown investor!