Do you need training to be a doctor? A teacher? A computer programmer? Have you ever started a job where someone didn’t show you what to do, even if its flipping burgers?
Of course you need training. I’m always amazed at the number of people who decide to make money buying real estate and insist they don’t need training. I guess its because you can buy any house that has a for sale sign in the yard and to sell it, all you need to do is put a for-sale-by-owner sign in the yard. But will you really make money that way? Consistently? Safely?
Real estate is a very expensive and very risky business. Even if you inherit a property and owe nothing on it, you still have costs like taxes, insurance, maintenance. If you decide to put in a tenant, you’d better be familiar with landlord-tenant laws which vary from state to state. And, you’ll need to know something about contract law. Its far better to learn ahead of time than to learn with a lawyer standing beside you and a judge seated in front of you.





