Welcome to the world of real estate investment! I am pleased to see that you have hired a coach to counsel the two of you regarding this. It is SO important to understand the concept of: you make your money when you buy it, not when you sell it. I challenge you to NOT buy anything for the first few months; but rather, immerse yourself into every kind of education you can, including shadowing other investors, so as to gain knowledge from others, and reduce the hands-on mistakes. Something I emphasize in my investment courses: Owning a property no more makes you an investor, than owning a hammer makes you a builder. They both are tools that can hurt you greatly if misused.
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Welcome to the world of real estate investment! I am pleased to see that you have hired a coach to counsel the two of you regarding this. It is SO important to understand the concept of: you make your money when you buy it, not when you sell it. I challenge you to NOT buy anything for the first few months; but rather, immerse yourself into every kind of education you can, including shadowing other investors, so as to gain knowledge from others, and reduce the hands-on mistakes. Something I emphasize in my investment courses: Owning a property no more makes you an investor, than owning a hammer makes you a builder. They both are tools that can hurt you greatly if misused.