Page Topics: Education Parents Tools Real Estate - Overview Get Educated about Real Estate (Top) There is a ton of opportunity in the real estate game. There is also some risk. Recall the first car you bought or the first home you bought. Were you educated at the time? Do you have regrets? When you begin the real estate game do your due diligence before getting involved and you will find that success will follow. A lot comes with experience but knowing what your consequences are well before any surprises could possibly occur is important. There are many books and links to get you up to speed. This site is dedicated to helping you get started and find great ideas. Things Parents Should Teach Children about Real Estate (Top) How much did your parents educate you before you rented your first apartment? how about your first home? how about your first 32-plex? If you are a parent take time to walk through the processes and options your child will need well before they are in the middle of the finding process for their first real estate piece. They don't need it when they are in preschool but they should be taught well before they head off to college or off on their own to start making a living. Tools (Top) Definitely invest in the following before beginning: A notepad and pen - write everything down. Until you are a pro get it all on paper before making any decision. Add it up, see it from every angle, write it for later review. A financial calculator - learn how to calculate interest rate factors. Learn to find the monthly payment on an amortized schedule. A watch - be on time for appointments. A vehicle - plan to do considerable driving because you won't likely buy the first thing you see.