Wondering how to get started in real estate investing? You came to the right place. I often get asked by friends and family how they can get involved in the real estate business. If you are one of those people, this is the blog for you. The fastest and most convenient way to begin is to find someone who is already doing what you want to do; this is easier said than done.
On a high level, you can typically get involved in two different ways; actively and passively. If you want to invest with more of a hands off approach, you can be a private money lender; earning a sizable return on your money while you sit back and watch us manage the projects completely. If this is the path you would like to take, contact us here!
On the contrary, if you would like to be more involved with the process, network with us and follow these steps to help reach your goals. This is a business of collaboration, not competition. Whether you are trying to get involved with us specifically or not, this blog is a tool you can use to organize and begin your real estate investing journey.
Your investing journey starts with the mindset! It’s important to understand that real estate investors are entrepreneurs. Going out on your own can be intimidating. If you do not know much about financial literacy and independence, read Rich Dad Poor Dad by Robert Kiyosaki. This book is an instant classic for any real estate entrepreneur. It also introduces investing in assets, like real estate. This book will help you start to form your mindset and financial goals so that you can begin to apply those principles to real estate investing.
If you do not have an unbreakable foundation, you will fail in this business. This business is simple, but not easy. Investing in real estate is a proven long term strategy to building financial freedom. Arguably, the most important attribute to success in real estate investing is consistency. Even if you love your job, motivation fluctuates. It comes down to what you do on the days when you have low motivation. These days of low motivation are where you need to dig deep into your “Why”.
Throughout your journey, you will hear the word “why” many times. This refers to why you are doing what you are doing. This is the foundation I was referring to earlier. If your why is weak, you will fail. However, if you have a strong why, you are setting yourself up for success. On our company’s recent trip to Nashville with our real estate mastermind group, 7 Figure Flipping, we had several activities dedicated to reinforcing our whys. Your why must be greater than just money.
The root of my why stems from two ideas: creating long term memories and leaving a positive impact on my family, friends, and society. Real estate investing will help me achieve these by giving me time freedom and financial freedom. Investing in assets is incredibly powerful and can change your life and others around you. We encourage you to create your own why, as this is the most important part to continued success as a real estate entrepreneur.
The process of creating your why should be taken seriously and should not be rushed. After fully understanding what your goals are and creating your why, join us in part two of How to Get Started in Real Estate Investing next week. We will be going over investing in free vs. paid education and investment strategy. In the meantime, we have other content that you can check out if you are interested. We have other blogs on a variety of topics. Feel free to check out our Facebook page and Linkedin page as well!
Whether you are a property owner, investor, contractor, or simply someone who wants to network with us, contact us here!