I just got back from a 5 day vacation hunting and fishing in the pine's of the Arizona mountains. What can I say, it was awesome...
I already have my lot picked out. ;-)
I talked real estate a lot with my friend. We talked strategies, market conditions, and making money with REI. He is alot like me two years ago, wants to learn/know EVERYTHING before getting started.
My recommendation to him was just do it, buy real estate and get started. Don't have grass growing under your feet..
The biggest factor of not doing real estate is fear. Get over it, and do it. The second biggest factor of not doing real estate is knowledge.
Solution.. Go to a freakin real estate club and learn two or three techniques, and buy real estate! Make sure you know your enter and exit strategies and you will do fine..
I couldn't get through to my buddy.. He needs to have everything lined up , huge amounts of reserves, and needs to understand the market completely. Will he ever buy anything? He will not be leaving his day job any time soon. :-(