First and foremost, you need capital for investing. It's the most obvious requirement but you would be surprised how many investors forget this. In order to invest in real estate, invest in yourself. Work multiple jobs, spend less, and take those first steps to create capital. We estimate that you should have at least $50,000.00 to begin investing. That's no small amount of money but once you are there you can begin your first steps.
Do not just throw your money at the first investment that comes your way. Think about real estate investing like surfing a wave. Sure you can catch any wave, but if you don't even know how to find the beach, you're not going to have a good time.
Do your research, learn the industry, talk with experts. In the digital world everyone is promoting their product as the next thing since sliced bread. Here's the thing, there are so many different types of bread to pick from how do you even know what bread you want to buy. There are condominiums, apartments, single-family, multi-family, mixed-use, and many other choices to invest in. It can be overwhelming and you might not know which to choose.
So how do you overcome the plethora of choices? Well the answer is simple. Pick a product and master it. Invest in your time like you’re investing $50,000 in real estate, because that's exactly what you are doing. Formulate your plan thinking 5, 10, 15 years ahead. Think where you want to be and how you plan to get there.
It's believed that to master anything you need to invest 10,000 hours. Master one area, then move to the next.
More hands make less work. The student and the master. Do or do not, there is no try.
When it comes to real estate investing you are going to need a network. If you surround yourself with smart, driven, and successful people where do you think you are going to end up. Networks bring value to every aspect of real estate investing. Are you a beginner and looking for someone to show you the ropes? Have you been investing for 15 years and are looking for your next opportunity? Surround yourself with people with similar goals, experiences and interests that you want to be like.
What do you think is easier? Learning Kung Fu on your own or having a Sensi teach you? Do you think you would be more successful on your own or with a team supporting your goals? Networking is the quickest way to have value added to your life, your business and your investments.
