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Laguna Hills Investment Property
Real Estate Investing Advice
By David Peter
- Find an old RE guy/gal in your town (one that's been doing RE deals for 20+ years -- and hopefully in 1980 when prime rates were 16-18% ) and tell them you want to learn the business. You need to follow them around for a few days (or weeks) to learn some of what they know. Be generous -- buy them lunch, help them with their work, and ASK LOTS OF QUESTIONS!!! They'll likely be impressed that you want to learn from them and you'll avoid SO MANY mistakes that younger investors don't even know about.
- Don't be shy -- you have to ask questions (lots of questions) and talk to lots of people to win in this business. You also have to make offers (lots of offers) that others think are insultingly low -- I never pay market...
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