Here is a list of 12 of 35 valuable lessons I learned about investing that are part of my November 19, 2019 presentation “35 Valuable Lessons I Learned in 35 Years of Part-Time Investing”
#3. Avoid over-leverage no matter what so the next inevitable downturn does not devastate you
#4. Do not outsource tenant approval
#5. Choose tenant income level then choose neighborhood then choose house then choose tenant
#6. Flipping teaches you skills applicable or required for rentals, wholesaling, lease-option and of course flipping itself.
#7. You can fund one rental with one flip
#11. Never compromise on due diligence, no matter how well you know a market or person
#15. The better your performance with pre-tax IRA investments, the higher tax liability you create down the road
#16. Open Roth IRA or Roth 401k early and invest those funds wisely
#20. Don’t take financial advice from anyone who has not achieved the goals you seek to achieve (for example accredited versus non-accredited investors)
#21. Consider investing in private equity deals only if you are an expert in the field of the deal and never invest more money than you can afford to lose
#28. You know more and care more about your business than your lawyer, accountant and financial advisor
#31. Never SPEND money on training, INVEST money in training. Training and personal coaching are the highest ROI activities you are likely to ever have.
If you want to learn the other 23 valuable lessons I learned about investing, you must attend my presentation on November 19, 2019 at SJREIA in Cherry Hill entitled “35 Valuable Lessons I Learned in 35 Years of Part-Time Investing”