Lessons Learned from Rushing Into Real-Estate Investing

This article is by staff writer Adam Baker, whose own blog recently featured a must-see graphic on credit card transactions around the world. This is part two of a three-part series on how he stumbled into real estate investing at age 23.�Be sure to read part one here.When we last left off, I’d just walked away from my first real estate closing with an eight-unit apartment building and $1000 cash in my hand.�I was riding high. Unfortunately, the reality of the situation hadn’t sunk in. Over the next year, my low-income, eight-unit apartment building was going to take me on the most wild roller coaster ride of my life.Instead of providing a chronological list of events (which may be entertaining, but of little use), I want to share the mistakes I made and the biggest lessons I learned throughout the process. In this second installment, I’ll share the first two mistakes (of what could be [...]
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[Source: Get Rich Slowly]