Starting in real estate can be both thrilling and daunting. You might often find yourself asking, “What do I do next?” Let’s break it down together.
The Basics of Real Estate Investing
Real estate investing isn’t rocket science. Imagine you buy a house for $70,000, invest $30,000 in renovations, and sell it for $140,000. You pocket a $40,000 gross profit. It’s simple math, right?
My business partner once told me that real estate is “the hardest simple thing you’ll ever do.” That was perplexing at first, but then he likened it to dieting. Dieting is simple: eat right, exercise, and lose weight. But it’s also hard to stick to. Real estate investing is the same: buy low, sell high, make a profit. Simple yet challenging.
My Real Estate Journey
I got my start in real estate about ten years ago. At 23, I bought my first house and made a $97,000 profit. I reinvested that into several more properties and almost doubled my money within a year.
But it wasn’t all smooth sailing. I eventually faced a significant loss. That hit humbled me and pushed me to seek more knowledge. I discovered Robert Kiyosaki’s “Rich Dad” philosophies and started learning about apartment complexes and cash flow.
By age 26 or 27, I was under contract for an 83-unit apartment complex. Despite thorough due diligence and securing a backer, the deal didn’t close. Tackling those losses was tough, especially when I saw other investors advancing faster.
I sought internships and joined the Rich Dad education program. Within six months in 2012, I was inducted into the Rich Dad Hall of Fame. This was a pivotal moment in my career. Since then, I’ve been a full-time real estate investor for close to six years. Real estate has changed my life.
The Importance of Real Education
Growing up, opportunities weren’t handed to me. I lost siblings to drugs and alcohol. Real estate presented a path I hadn’t seen before. Even though I never wanted to become the typical “guru” selling overpriced courses, I realized the power of education.
I’ve spoken at many real estate clubs, and people often ask me to mentor them. While I can’t invest the time needed for one-on-one mentorship, I can share knowledge widely.
Too many educational circles exist to sell you something rather than provide real education. It frustrates me. A true educator should ensure you become a successful investor, not just sell you more courses.
Breaking Barriers with Free Education
We live in a time where education is at our fingertips. The internet makes knowledge accessible to everyone. This ability to learn should not depend on your financial background.
At Propelio, our goal is to offer quality education without hefty price tags. All we ask is that you subscribe on Facebook and YouTube. We’ll provide high-quality content for you to learn at your own pace.
Real Estate Education: What You’ll Learn
Here’s what to expect:
- How to wholesale properties
- How to flip foreclosures
- Investing in probate properties
I’ll be sharing everything I know. By subscribing, you’ll have access to some of the best content out there. No more barriers based on what’s in your wallet.
Embarking on a journey in real estate can be both exhilarating and challenging. It’s a field where simple principles like “buy low, sell high” are easy to grasp but difficult to master, much like dieting. My own path, filled with early successes and humbling losses, has taught me the invaluable lessons of persistence, continuous learning, and the importance of quality education. Real estate transformed my life, and I believe it can do the same for you.
With resources like Propelio, quality education is accessible to everyone, regardless of financial background. Subscribe to our channels, absorb the knowledge, and start your journey towards becoming a successful real estate investor. The opportunity is here; seize it and make your real estate dreams a reality.
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