How to make a million dollars investing in real estate
As a real estate investor with more than 4,000 properties to my name and a million dollars in the bank you could argue that I am a little more qualified than most to give advice on how to make it big in real estate.
When I was starting out in my career there were no courses, no help and no advice I could really tap into and, as a result, I ended up making almost every mistake in the book and learnt from each one and this is one of the reasons I decided to run courses and give workshops to real estate investors ready to take their career to a new level.
I know that in order to make a million dollars in real estate you have to be in for the long haul rather than a fast stake in and out kind of deal and this is exactly where the professionals from the amateurs really stand out.
In order to make that million dollars in real estate you need to get into it with a vision and a coherent strategy. I know that this is news to you because when I first got in I too was in there chasing almost every deal I could and the result was that I used to get fragmented ways of working and was finding it difficult to make much headway in anything.
I learnt the hard way by falling down and picking myself up that you need to have that focussed strategy so that when an unexpected deal does come along you are very clear in your head why you are taking it and where it is going to get you.
Most of those who come to my real estate investment workshops know that I favour multi-family dwellings as a means of creating robust, parallel income streams, minimising risks and achieving economies of scale which then make it easier for me to automate some of the processes such as the day-to-day running of more than 4,000 apartments which would otherwise be crippling.
This does not mean I do not deal in single-family properties however. Quite the contrary, but I do deal with them in a way that fits within my real estate investment strategy, takes my plans further and helps me to further my goals of building a robust real estate portfolio and continuing to be financially independent.
Making it big in real estate is not easy but it is achievable, as my case proves, and the only way to achieve your dreams and become successful is to make sure that, just as in life, you have clearly stated goals, a philosophy you can stick to and a strategy that fits in with the way you work and allows you to make the right decisions.
When I was starting out in my career there were no courses, no help and no advice I could really tap into and, as a result, I ended up making almost every mistake in the book and learnt from each one and this is one of the reasons I decided to run courses and give workshops to real estate investors ready to take their career to a new level.
I know that in order to make a million dollars in real estate you have to be in for the long haul rather than a fast stake in and out kind of deal and this is exactly where the professionals from the amateurs really stand out.
In order to make that million dollars in real estate you need to get into it with a vision and a coherent strategy. I know that this is news to you because when I first got in I too was in there chasing almost every deal I could and the result was that I used to get fragmented ways of working and was finding it difficult to make much headway in anything.
I learnt the hard way by falling down and picking myself up that you need to have that focussed strategy so that when an unexpected deal does come along you are very clear in your head why you are taking it and where it is going to get you.
Most of those who come to my real estate investment workshops know that I favour multi-family dwellings as a means of creating robust, parallel income streams, minimising risks and achieving economies of scale which then make it easier for me to automate some of the processes such as the day-to-day running of more than 4,000 apartments which would otherwise be crippling.
This does not mean I do not deal in single-family properties however. Quite the contrary, but I do deal with them in a way that fits within my real estate investment strategy, takes my plans further and helps me to further my goals of building a robust real estate portfolio and continuing to be financially independent.
Making it big in real estate is not easy but it is achievable, as my case proves, and the only way to achieve your dreams and become successful is to make sure that, just as in life, you have clearly stated goals, a philosophy you can stick to and a strategy that fits in with the way you work and allows you to make the right decisions.
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