Welcome to the podcast. Glad you’re here.
I just got back from Austin, TX. Had a good trip. Austin is where I first dipped my toe into real estate investing, so I’m going to take myself (and you) down memory lane today.
I made so many mistakes when I started out, and I’m telling you that you will too. I didn’t have a mentor, and the coaching program I signed on for wasn’t great.
That early period of investing was so hard, but I learned and grew from it. Like a tree grows in winter, we grow from our most difficult times.
All of us go through the phase of being new and nervous. You may be in it now. Success comes from plowing ahead and not being afraid to fail.
Success also comes from doing what the courses and mentors tell you to do. What’s the point of getting training if you don’t act on the information?
You do not need to try every investment strategy. Pick one. Concentrate on flipping, wholesaling or lease options… at least at first.
Don’t give up and don’t think you can plan too far ahead. Since every deal is different, you have to be flexible and roll with what comes at you.
Listen and learn:
- Always be marketing
- Make offers
- Focus on highest income-producing tasks
- Don’t get overleveraged
Mentioned in this episode:
- Joe’s podcast on iTunes: Real Estate Investing Mastery Podcast
- Book recommendation: Rich Dad, Poor Dad
- Book recommendation: Secrets of a Millionaire Landlord
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