First Rental Property

Who talked you out of jumping in those puddles when you were little?

Your buddy probably did…

Who held your hand and warned you not to run onto the road?

Your buddy probably did…

Think back to your school days.  When you were a young student in elementary school or junior school, did you ever go on any field trips with your class?

Did you ever go for walks with your classmates outside of the school grounds?  Depending on where you attended school, maybe you went for a nature walk or a walk around the block…

Whatever the case was, whenever you would embark upon these journeys and leave the school grounds, to keep you safe, your teacher matched you up with a ‘buddy’.

Your buddy was someone that you would stick close to.  Both you and your buddy knew that you were each responsible for one another.  If something bad were to happen your buddy, you would be in trouble, as you were held accountable for the safety of your buddy.  After all, it was your duty to make sure that your buddy was okay at all times.

Your teacher assigned you a buddy so that you could protect one another.  Your mission was to make sure that your buddy did not get into any dangerous situations.

If you tried to wonder off the path you were walking along with your buddy and your classmates, your buddy was there to pull you back in line.

• The buddy system works the same way with real estate investing.

As a new real estate investor, you will embark upon a journey into the unknown, when you are researching how to buy your first rental property.  After you purchase your first rental property, you will especially be entering into the unknown, as you will probably have no experience as a real estate investor.    There will be times in which you will want to quit and deviate from the real estate investing path that you have chosen.

The role of the real estate buddy is to pull you back on track when you are losing focus.  Just like your buddy from grade school, your real estate buddy is there to protect you.

Your buddy from grade school stopped you from jumping into puddles.  Your real estate investing buddy will stop you from jumping ship from real estate investing when the going gets tough.

Your real estate buddy should be someone that is like minded, and who also invests in real estate.  Ideally, your real estate buddy should be more knowledgeable than you regarding real estate investing.  That way when the going gets tough for you, your buddy can offer you advice and proper guidance.

• Without question, all new real estate investors need a real estate buddy.

Whenever you are about to make a financial blunder or make a risky move with respect to your real estate investing business, your real estate buddy will be there to make sure that you don’t make a mistake.

After all, your real estate buddy is there to keep you in line!
Best Regards,

Neil Uttamsingh

ps: If you would like to learn how to become a real estate investor,  subscribe to my blog today!

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