SPECIAL FOCUS
LEARNING FROM EXPERIENCE
Why Experience Is the Best Education THERE ARE SOME THINGS ONLY EXPERIENCE CAN TEACH—AND IT’S BEST TO LEARN FROM OTHERS’ EXPERIENCE RATHER THAN OUR OWN.
by Jeff Roth
hen I was getting started, there were no YouTube
W
“IT’S IMPOSSIBLE,” SAID PRIDE. “IT’S RISKY,” SAID EXPERIENCE. “IT’S POINTLESS,” SAID REASON. “GIVE IT A TRY,” WHISPERED THE HEART. —UNKNOWN
videos or podcasts. There were TV infomercials on how to get wealthy investing in real estate with a number to call to give your credit card information for guaranteed success. I did go to paid trainings, I read the books, and I attended local real estate investing group meetings. Today, there is so much more information readily available about real estate investing. Certainly, Think Realty magazine and the online resources it provides help prepare you for investing and staying up on changes in the market. You can also watch hours of YouTube videos and listen to podcasts. Still,
nothing can truly prepare you for investing in real estate and the issues that come up like getting out there and doing it.
groups and consuming hours of YouTube videos and podcasts, you have to take action. It is in taking action that I have learned my most valuable lessons. For example, no amount of prepping can prepare you for a tenant who parks a motor home the length of the driveway—with a giant, gaping hole in its side to boot! Until
WHY EXPERIENCE MATTERS At some point after reading the books, attending the live trainings, going to the local real estate meetup
18 | think realty magazine :: march – april 2023
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