BiggerPockets: The Best Real Estate Advice That Cost Me $0.


Have you stayed up at night flipping channels watching infomercials? I’m sure everyone has done this once in a while.

If you’re anything like me, you’ve at least tuned in to what these people have to say. They make millions from get rich quick systems that the infomercial is selling, and you can have it for the low price of 4 low payments of $49.99! Does this sound familiar?

Maybe you’ve watched public TV during the day and have seen the most “entertaining” Flip This House star, Armando Montelongo, talking about his system to make you filthy rich in real estate.

The sad truth is that every day, dozens of people fall for this hype and buy into false promises. P.T Barnum once said that there is a sucker born ever second..

This brings me to the point of my blog post today, BiggerPockets: The Best Real Estate Advice That Cost Me $0.

I am a firm believer in Napoleon Hill and his way of thought. He believes in a principal called The Mastermind, which is basically the old saying “2 Heads are better than one.” His theory on the mastermind states that if one or more people come together, with the same goal in mind, you form a 3rd mind – the mastermind, which is greater than each single mind separated.

Joshua Dorkin created the online “mastermind” of real estate, and real estate investments. Josh is the founder of BiggerPockets.com, an online resource for all real estate matters. BiggerPockets features forums that you can publicly read, sign up for free, and post on. There is also an article section on the site that has many great articles on real estate.

In my opinion, and many other real estate investors, anyone interested in real estate should take note of this resource, and try to utilize BiggerPockets before moving to their check book. Experts that sell products want you to buy those products. That’s the beauty of BiggerPockets – they are not trying to sell you, they are trying to help you.

Lets say I wanted to research short sales, and would like to read up on them. I could Google the term “short sales” and get about 63 million results. I may click on the Wikipedia article and read about them, but what if I have specific questions?

Here is the “AHA” moment – I head over to BiggerPockets.com, type “Short Sales” in the search bar, and either search the forum or articles for short sales. When I searched articles, I came up with 20 articles written by both real estate investors and agents – people who actually work in the industry. When I searched the forums, I came up with many questions people had regarding short sales.

Go do some further digging and you will find an abundance of knowledgeable professionals, investors, agents, lenders, and much more on BiggerPockets.com.

Advertisements

About redannyday
Danny Day is a local Houstonian who has worked in many different areas of real estate. He blogs about real estate investing, trends, and data that relate to micro and macro markets in the United States, and Houston.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: