The deeper I dive into real estate investing, the more I realize that anyone can do it.
My journey wasn’t anything extraordinary, and I believe that no matter how many people follow the same path, it will work for everyone.
Here are the exact steps you can take to launch and scale a real estate investing business.
First, once you decide that real estate investing is your thing, start spreading the word.
Tell everyone you know that you’re looking to buy houses.
Make it a habit to share your real estate investing goals with your entire circle and anyone new you meet.
When you’re getting started, your network truly is your net worth.
BONUS TIP: Want to get people who don’t know you to help you on your real estate investing journey? It’s crucial to build a brand. An LLC is essential, but even more important at this stage is creating a business name, logo, color scheme, and social media presence. These steps show everyone that you’re serious and this is more than just an idea.
Using social media and your network to find your first deal is extremely effective but can be unpredictable.
Be patient and keep putting in the work.
Next Steps, this step is different for everyone but I’ll break it down like this: those of you who don’t have any money to invest vs. those who do have some sort of savings to dip into.
No Money – If you’re absolutely broke, stay patient until you find a deal you can wholesale or buy so cheaply that borrowing the down payment from a partner becomes easy.
Have Savings – If you have money saved up, use your primary residence loan ASAP. This loan, which you can only use once, has a low down payment. Instead of buying your dream home, use it to purchase a 2 to 4 unit property – this will pay off hugely in the future.
After buying your first deal, leverage it as a case study or proof of concept within your network.
This is vital when seeking a financial partner.
Whether you have money or not, this is your path to scaling.
You can only use your primary residence loan once, so for your next deal, get creative.
Utilize your network of real estate agents and wholesalers to flood you with deals.
Make offers low enough to use the potential equity in the house to fund the purchase.
The cheaper the house, the more the bank will give you to buy and fix it up.
After buying and fixing it up, use another bank to refinance (buy it from yourself).
This process allows you to obtain virtually free houses repeatedly.
This was a high-level overview, but I promise it’s as simple as it sounds.
For more details on any of these steps, you can book a call with me directly and I’ll guide you on what to do next.
