Re: newbie, wannabe, greenhorn, etc. - Posted by Todd (St. L.)
Posted by Todd (St. L.) on January 25, 2000 at 14:55:31:
I’m going to have to disagree with some of the other posts. I’ll tell you what I always tell my students - you don’t need a fancy office and tons of equipment to get started in this business. I see so many newbies who feel they have to run out and buy all of the computers, fax machines, multi-phone lines, cellular phones, etc. before they even do their first deal. If you have the money and want to do that it’s fine. But most of us didn’t have that kind of money when we first started.
Computers, fax machines, cell phones and the like are useful tools that make an investors job easier. However just starting out you will not likely find yourself busy enough to have a need for all this. All you need to get started is a home phone, transportation (car), forms and contracts. In the beginning your kitchen table can be your office if need be. Do a few deals first then buy all the fancy equipment. Just keep it simple.
In the beginning spend your money on education. Buy whatever courses and materials will be useful for the area of investing you wish to pursue. Learn your craft, then add tools as you need them (and can afford them).
Best of luck to you,
Todd (St. L.)