Then you have come to the right place. This short video is the same advice I gave a friend on Birmingham real estate investing.
[TRANSCRIPT] Hey. What’s up, everybody? Matthew Whitaker.
I just wanted to give you some quick advice from evernest.
I had a friend call me yesterday, and he’s looking to get into real estate investing. And I was reminded of something that I thought was really important that I thought I’d share with you.
My best advice for somebody who’s getting into real estate investing is to specialize in one area.
I think too often…and I did this when I first got started…we get really focused on something broad like all of Birmingham and looking for the best deal in Birmingham.
And particularly, in this competitive environment, it’s important for you to find one area that you understand really, really well.
That way, you know what a deal looks like, and when a deal comes across your table, comes across your computer, you can go out and buy that deal really fast.
That’s what I’ve found that some of the best investors do. They just understand areas really, really well, and when the opportunity comes along, they are ready to jump at it.
Especially when you’re getting started, learning just one area is a lot easier than learning all of Birmingham or all of Nashville or all of Little Rock.
So that’s my best advice. If you’re getting into investing in real estate, focus on one area. Learn it really, really well. Once you’re an expert in that area, then you can move on to another area.
This is Matthew Whitaker with gkhouses and if you ever need some advice, check out all of our videos or give us a call. We love to help investors make great decisions about Birmingham real estate investing!