Getting Your Real Estate Investing Education

"The most important investment you can make is in yourself"  - Warren Buffet

Before making an investment in anything, it is important to first to obtain a certain level of financial literacy, and an understanding of the asset class you choose to invest in. This includes real estate. 

There are plenty of educational resources out there including books, the internet, and in-person events/meetups.

Getting Started

If you are new to investing, or not sure why you should be investing, then it is best to start with the basics.

                                                         

The original Rich Dad, Poor Dad and Rich Dad's Cashflow Quadrant lay the foundation for financial literacy and the different ways money is earned in the modern econmoy. These two books are a must read for anybody seeking to expand their financial education, especially those who don't know why they should be investing in the first place.

 Real Estate Books

There are dozens of real estate investing books out there. Below are a few great books to start with.

       

Blogs, Forums & Podcasts

The internet is a great place to educate yourself on almost anything these days, including real estate and investing. 

Out of all the real estate podcasts out there, The Real Estate Guys Radio, is my personal favorite. The hosts Robert Helms and Russel Grey have decades of real estate experience and often discuss multifamily investing. The show covers various topics including, investment philosophy, market research, finance, and management. Occasionally they will discuss the overall financial and political environment, as well as other asset classes. Popular guests on the show include Robert Kiyosaki, Ken McElory, Donald Trump, and more.

Other notable podcasts include

Networking Events, Seminars, and Mentorship Groups

Books and online education can only take you so far in this world. Real estate investing, like many things, is a relationship based business.  At some point, you have to go out there and start meeting people and taking action. After all, knowledge is useless without implementation.

You can find real estate events and seminars through your local Real Estate Investment Association (REIA), MeetUp.com, or on Bigger Pockets. At these events you will find experienced investors that you can learn from or invest with, as well as other newcomers that might prove to be valuable partners at some point. 

For those in the Long Island or NYC area, you can click this link to join the MeetUp group that I attend on a monthly basis.

At some point, it may make sense to join a mentorship or coaching program to get into your first investment or take you to the next level. There are a lot of groups out there and the cost to join can sometimes be quite expensive, so its best to know what strategy you would like to pursue prior to making that leap.

The Bottom Line

Whatever asset you choose to invest in, start by educating yourself first.