Two things to focus on when you are brand new in the real estate business. First, learn what a good deal is in your market, and second, you have to know how to find good deals.
Need to understand more? Watch this short video now and learn from Jay Conner and his guest Henry Washington how to take your real estate business to the next level.
Henry is an author, entrepreneur, and real estate investor with more than 65 rental units and dozens of house flip under his belt. Henry built his rental portfolio in just 3 and a half years, allowing him to achieve his goal of financial freedom.
He has been featured in numerous online and television publications like FOX Business Morning Show FBN: AM, Yahoo Finance, Business Insider, NBC, CBS, CourseMethod & BiggerPockets – where he enjoys showing others the power of real estate investing and financial freedom.
Henry strongly believes that helping other people is what helped him become successful in the real estate business.
For him, every investment is going to involve risk, and the most successful people in the world are successful because they take calculated educated risks.
For more valuable information click on this link and watch the complete episode: https://youtu.be/2L21ksmtO8E – “Henry Washington, Helping Real Estate Investors Achieve Financial Freedom with Jay Conner”
Private Money Academy Conference:
https://www.jayconner.com/learnrealestate/
Free Report:
https://www.jayconner.com/MoneyReport
Join the Private Money Academy:
https://www.JayConner.com/trial/
Have you read Jay’s new book: Where to Get The Money Now?
It is available FREE (all you pay is the shipping and handling) at
https://www.JayConner.com/Book
What is Private Money? Real Estate Investing with Jay Conner
http://www.JayConner.com/MoneyPodcast
Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $67,000 per deal.
What is Real Estate Investing? Live Private Money Academy Conference
YouTube Channel
https://www.youtube.com/c/RealEstateInvestingWithJayConner
Apple Podcasts:
Facebook:
https://www.facebook.com/jay.conner.marketing
Listen to our Podcast:
Real Estate Investing With Jay Conner, The Private Money Authority
Jay Conner:
That makes a lot of sense, Henry. You know, you’ve built your portfolio very quickly, very large, in a very short period of time. So what’s some of the best advice that you can give for a new real estate investor getting started in today’s market?
Henry Washington:
Yeah, man, two things I think new investors should focus on. So one of the best parts about real estate is its flexibility, right? You heard me tell a story about buying a deal with a thousand dollars, right? Because of the flexibility of real estate, you’re able to do things like that, but the downside to real estate being so flexible is that that can be a distraction because there are so many ways to go about being an investor. And so when you’re new, I think you need to narrow your focus in order to really get started. And so what I tell people, the two things to focus on when you’re brand new, learn what a good deal is in your market. Because no matter what strategies you’re using, whether you’re going to flip wholesale, hotel, rentals, Airbnb, like, it doesn’t matter if you don’t buy your deal correctly, then you don’t have a deal.
Henry Washington:
Right? And so, the most important thing is to know what a good deal looks like in your market. How do you learn that? Get into every real estate investor group you can online in person, doesn’t matter. If people are investing in your neck of the woods, you need to be around them and then you need to meet the successful ones and then go ask them, “Hey, tell me about your last deal. What’s your last deal look like? What were the numbers? What was your deal before that? Tell me the numbers.” You know, successful real estate investors, like talking about that. They’ll tell you what their deals and while they’re telling you about your deals, you’re building this rapport, you’re building this relationship, but you’re also learning what good deals in your market look like, right? And so once you learn what a good deal in your market looks like, number two, is you’re gonna need to learn how you’re going to find good deals.
Henry Washington:
Some people live in a market where you can jump on the MLS with a realtor and you can buy a good deal right off the MLS. That’s awesome for them. That’s not how it works for me. I have to find off-market deals. And so I had to find an off-market deal strategy that works for me. So, research how you can find good deals, pick one strategy, one, pick one that fits your personality and fits your budget. Right? If you know you’re not going to make the right amount of cold calls, because you’re not going to be very good at it. Don’t pick cold calling as your strategy, right? Like, pick something that fits your personality and your budget that you can fund properly and then implement that one strategy until you find a deal. Once you land a deal, you’ll be so motivated to figure out the rest. You’ll be so motivated to go figure out how you’re going to finance it. Who’s going to do the renovations, like all that stuff that doesn’t matter until you have a deal. Don’t worry about it until you have a deal because that’s, what’s important.
Comments