Living a Big and Exciting Life Through Real Estate Investing with Sarah Weaver

Are you spending most of your time doing the things you love? 

If not, then don't wait. 

If you wait until you feel ready, it will never happen. 

If you've always wanted to go on an African Safari, don't wait. Just sign up. If you have someone in your life that you haven't been telling that you love or your true feelings, don't wait. If you've already determined that you're going to invest in real estate, write offers and get under contract – once you’ve done your due diligence. 

Real estate investor, entrepreneur, coach, and speaker Sarah Weaver shares how you can start living the big life through real estate investing through these actionable tips and strategies:

Know how to buy.

If you know how to buy, you can turn around and double your money. A lot of new investors are trying to figure out how close the properties should be for them to be able to touch them. If you’re thinking of investing out-of-state, consider the places you’ve lived as well as where you have family or friends. Then write down the pros and cons of investing in those areas. 

Focus on one thing at a time. 

New investors who take on too much always regret it because they're just trying to get too much too soon. Whether you’re looking to equity, partnership, private money, conventional loan, house hack, medium-term rentals, short-term rentals, or whatever it is, you’ve got to focus on just one thing at a time. 

Find a new market in mid-term rentals. 

Traveling nurses are the biggest tenants for midterm rentals. Sarah’s strategy was to have the units right next to each other so she can just have one listing for all of them. Medium-term rental strategy is not passive. There are beautiful options to make this more passive such as hiring your staff, but this strategy is not passive.

Focus on cash flow versus the number of doors. 

It doesn't matter how many doors you have. It's about how much cash flow you have.

Prioritize mental health.

The most important piece of growing any business is the ability to take care of yourself so you don’t get burned out. Recognize when something is a bad idea and figure out the exit strategy. Either get yourself out and rid yourself of the project or hire people to come in so you could go back to doing what you want to do.

Delegate.

The most successful real estate investors delegate tasks to other people so they can keep doing the highest income-producing tasks. Even if somebody does it only 80% as good as you do, you could still focus your energy on something that's going to have a higher value anyway.

Don’t wait until you’re too old to do the things you want to be doing. Figure out how you can leverage real estate investing so you can start creating the life that you truly want! If you want to learn more about how to live a big and exciting life through real estate, check out www.trustgreene.com/podcast/zen/027.