Understanding business fundamentals can apply to any industry, including real estate investing. Successful businesses all have the same basic components, and learning these concepts can help investors transition their knowledge to other fields. Grasping what makes a business successful can give investors an edge and increase their chances of success in real estate.
More than 30,000 people have downloaded Zen and the Art of Real Estate's podcast since it launched in 2022. Even though that doesn't compare to Joe Rogan's number of downloads, that number is impressive for a new-ish real estate podcast with 35 episodes.
If you're a new real estate investor, it's important not to fall into the trap of believing it's going to be passive income. Real estate requires involvement, particularly if you're new to investing. To succeed, you have to treat it like any other entrepreneurial venture because it's a business like any other.
Fear of real estate investing is common, especially among those new to the concept. Analysis paralysis sets in when new investors believe they need more money to start or experience confusion and which properties they should invest in. The result is that they don’t take any action at all.
Data is key when it comes to making informed decisions in the real estate investing world. Whether you love spreadsheets or not, data allows you to develop some level of trust with the person doing the data analysis. While some people take comfort in having mentors, others only trust the numbers. And for a lot of people, especially beginners, data allows people to get over the early hump. But is it enough to solely rely on them?
Read MoreWhether you’re new to property management or still considering it, remember that the happier your tenants are, the fewer calls you get. And sometimes, too, it can be quite difficult to fully understand a property owner’s predicament when you haven’t put yourself in their shoes.
Read MoreOur educational system teaches us how to fit in a box of how to be good employees. But why become somebody else’s passive income, when we can be the ones to create it?
Whether you’re a real estate agent or a W-2 employee, investing in real estate investing should top your list when it comes to building wealth. However, there’s a right way and a wrong way to do it, so you have to have a mindful approach to real estate investing.
Read MoreIn the real estate investing, the reality is that passive income is far from passive. It takes hard work to get the right deals and find the right people to do the job. You also have to have the mental acuity to negotiate deals and handle potential setbacks. But there are things you can do to make it better and more efficient for you.
Dusten Hendrickson, founder of Mailbox Money and a real estate syndicator, shares some tips for successful real estate investing – as you’re paving the road to passive income.
Trust is a muscle you have to build, especially in the shady world of real estate investing. There’s no doubt it’s a tough space to navigate but when you have the numbers and you’ve built up your reputation, it's much easier for people to trust you and invest their money with you.
Read MoreReal 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:
Read MoreDaniel Kong got into the real estate investing scene only four years ago, and he’s already left his W-2 job to become a full-time real estate investor.
Read MoreOne of the most important traits for investors is the ability to pivot. You never know when the next pandemic or any major upheaval might occur, so it’s best to be prepared at all times. And so, as a real estate investor, you have to be working on multiple exit strategies to give yourself more opportunities over time.
Read MoreRyan Gibson, Chief Investment Officer and co-founder of Spartan Investment Group, is helping people on all sides of the equation while running a company. Ryan shares best practices from hiring people to raising money for other people.
Read MoreDon’t just get paid on a deal once.
By putting the right system in place, you can actually get money on a deal now, then continue to get paid monthly, and ultimately, cash it out down the road as you’re building your wealth.
Get money now, money over time, and money long-term.
Real estate investor Chris Prefontaine shares how you can get paid on a deal three times through the system he developed called the 3 Paydays – and see if this is something that you can do for your own business!
The real estate investing world is not for the faint of heart. And while you have to have the education and the right network to succeed, you also have to focus on the mental side of real estate investing.
Real estate investor Steve Rozenberg shares his recipe for success, now having the fastest-growing property management company in the state of Texas, managing over 1,000 properties across three major metro cities.
One common theme among real estate investors is that they stay working at their job until they’re able to do real estate full-time. You obviously need capital to do the investment. But aside from that, there are a couple of other things you have to consider to ensure your success in the real estate investing space before fully diving in.
The great thing about real estate investing is that you can choose to focus on a lot of different areas – multifamily, mobile home parks, self-storage, house-flipping, etc. However, how do you know which ones are the right investments for you?
In just four years, Ryan Saulle, co-founder of Freedom Home Buyers, was able to scale to over 80 deals – and he shares these strategies that you can add to your toolkit once you’re ready to scale!
Read MoreZasha Smith, a licensed civil engineer turned full-time real estate investor, stresses the value of the proof of concept. She shares these valuable tips if you’re looking to scale and expand your network as an investor:
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