With all things that are done intentionally as a real estate investor
your education comes first. A real estate investing education is
primary to your success in business, and in all circumstances there is
an identifiable pattern of learning that leads from thought to action.
When experiencing something new, first you hear about it or learn of
its existence. Next you learn what it is. Then you learn how it works.
And finally, you practice it, which is where experiential learning
begins. This article is intended to discuss education, separate from
experiential learning (but a little more on that below).
Your real estate education should not be looked at as a phase you go
through, but rather as an ongoing process. This is a requirement to
stay in the real estate business and to excel. There are at least three
very good reasons why your real estate investing education should be
continuous and ongoing.
One is that having new information can allow you to improve the process
of what you're already doing, so that you can do it better. Another is
that having new information can allow you to do new things that you're
not already doing, such as implementing new profit centers in your real
estate business. A third is that the world is always changing so that
knowledge needs to be continually updated to be useful.
The fastest way to develop yourself educationally is to actively seek
out as many sources of education as possible on a continuing basis.
There are three common modes of education to be aware of that can help
inform your search.
One is private education that you digest on your own, which can include
books, audio recordings, video recordings, websites, and online and
offline real estate investing newsletters. Another is participatory
education, which involves some sort of interaction with an educator,
and can include seminars or boot camps, conference calls, and webcasts.
Yet one more is hands on education, which can be gotten by working with
others already in the business.
This could take the form of a mentorship or an apprenticeship with
another investor. You could also take advantages of all the resources
of a local real estate club, either online or offline, which is
dedicated to helping investors further their education in all sorts of
ways.
As an ongoing business activity, your real estate education deserves
management and balancing against the other ongoing activities of your
business as well as all of the other demands on your time. You should
work it out however is best so as to ensure that a dedicated portion of
your time and resources on a regular basis go to furthering your real
estate and business education.
A final word on education from experience, or experiential learning,
comes last. Education can be overrated by beginning real estate
investors. While it does have a large role to play in your overall
progress and success, the amount you actually learn from studying
educational materials is negligible compared to the amount you learn
from actually performing an action or having an experience. Keep this
in perspective if you feel paralyzed by an insufficient real estate
investing education.
Article Source: DesireToRetire.com
Omar Johnson is a successful real estate investor and author of the home study course "Secrets To Making Big Money In Real Estate With Little Cash and No Credit" For more info visit www.gettingrichinrealestate.com





