Fixer Upper Doctor Blog – Day 8


Like so many new investors, I signed up for different classes and coaches to help me get started. I am glad I did because you can never know enough. However, you can go overboard with it as well. I met one new investor who had spent over $100,000 in education/coaches and never had bought one house yet! Talk about a deer in the headlights!


One time, I flew back east to attend Robin Thompson’s weekend seminar. I was interested because she was the only woman real estate investing coach I knew about at the time. Robin was good because she went into more of the nuts and bolts such as construction and how to get your buyers financed. I still go to classes that interest me, but the best training I think you can get is on the ground. However, I know many investors (including myself) who have lost money in a project…and it is a lesson you don’t soon forget! Real estate investing is risky and there are a lot of pitfalls as well as profits in it.


Warren Buffet says it best for today’s prescription: Part of making good decisions in business is recognizing the poor decisions you’ve made and why they were poor. I’ve made lots of mistakes. I’m going to make more. It’s the name of the game. You don’t want to expect perfection in yourself. You want to strive to do your best. It’s too demanding to expect perfection in yourself.

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