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So here’s a killer question that gets asked to me all the time. Peter, how do you get started in real estate? Well, one of the things I always tell people is that real estate has a huge, huge upside, but the reality is real estate also has a pretty, pretty big downside. Bottom line is you really, really got to know what you’re doing and let’s face it. When mistakes are made. It doesn’t matter what business you’re in. Mistakes are always, always made on the front end, in the beginner level. So I think the entry point into the real estate industry is a very important decision making time. For instance, do you want to learn on your dime or somebody else has done? And what do I mean by that? Now you could literally get into real estate and start trying to figure it out by yourself.

It’s going to cost you money in undoubtedly. It’s going to cost you money because you are going to make some wrong, moves, some wrong decisions, some mistakes. And the bottom line is if you have a tremendous amount of money, and if you don’t mind making these mistakes, you can do that. What I always tell people, whether you do have a lot of money or don’t have a lot of money, you’re always better getting into real estate leveraging relationships. Okay? And there’s different ways of doing that one. You could educate yourself literally through the internet, go on YouTube and you could see tons and tons of practical education. The problem with that though, is that it’s very general in real estate is a very specific business and every single deal is different. But what I always tell people is align yourself with someone, align yourself with a mentor, align yourself with a coach, align yourself with a partner, align yourself with someone local. That’s doing this business because when you’re aligning yourself with other people, you’re literally piggybacking off their past mistakes. Most importantly, you’re piggybacking off their current successes. So how do you get started in real estate? Find someone more successful, coach mentor, local investor, align yourself with that individual and watch her learning curve get tremendously boost and congratulations because you’re not too far away from making money at that point.

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