Investing & Realities of Real estate

 The 5 "R's"

I did an Instagram story and made it a highlight "reel" sharing some of the realities of real estate investing. Particularly with your own "cash".

There are many ways to "get rich quick".  What you are rich in is inventory to cycle the business.  Like owning a gym, real estate investing can feel like a revolving door.  Expenses can be paid, but you are basically making money in order to invest in the next property, and continue to grow/ have more cushion.  I live in California.  As much as I try and take my investments to a different State, I still value the laws that protect me in my home state, as well as the real estate market here.  Not to mention the wonderful professional resources I am surrounded by.

There's pro's and con's to every hustle.  You must appreciate the process and find the good in all of it.  The hard lessons included.  I have made a list of my top 5 "Investing Tips" to share.  I hope they can help you have less bumps on your road to success:

Top 5 Tips

1. a) Risk

    b) do your homework first

Cut and dry.

2. Review

Be patient & plan.

    *You can't be disappointed when your dream property doesn't go to sell on the date you had hoped for, or money is tied up in one investment and you can't use it for another.  Maybe you have to budget for the inevitable taxes/ bills.  Most know construction or solar drama can threaten to delay your sell too.  Plenty of  things can go wrong like any other business.  In the end a sale for profit is a sell for profit.  If you can BE patient and dial in diligence, you close the transaction knowing its all "worth it".  Be confident that the work will elicit a beneficial outcome. Continue to map out a plan for success with all variables considered, and learn from the hiccups along the way.  Your experience each time you try, will make your journey even more successful.

3. Research

    I "play" on my phone.  The only games I have are: Zillow, prep agent (you tube), and auction.com.  Ok, and Instagram.  I also loooove to read and listen to audio on real estate.  The only TV I watch is HG.

4. Relationships

    Develop a network, form alliances.  Yep! It sounds like an action movie, and it comes with "thrill", close calls and even defeat.  You need help.  The super hero's are the professionals;  Agents, Brokers, Lenders, title and escrow officers, lawyers, accountants, members of your llc.  They are all like hair dressers, photographers, tattoo artists.  You will have a better outcome with their expertise, experience, skill, and tenacity to get the job done top notch with all the necessary details.  Time and money will be optimized with quality teammates.

* You can find that perfect professional, stay loyal and never let them go.  Or if you spend enough time in the field you can try my method of sharing your business with as many professionals in the field- as you can.

5. Resilience

You've reviewed, assessed, you have been patient and planned.  There is an amazing group of people around you that helped make the challenges- pay off $$$.  When people see an investor cleared 70K on a property, they think that investor is buying dinner, or maybe a luxury vacation (NGL, my family sponsors most of mine).  Nope, they are looking for the next investment. We all know about different levels of success and effort.  While some say they are "working on it", others are doing it!  You have to "get you some" and take action in this business, start somewhere, and value the lesson when things get hard.

It's a fun hobby, job, career, and I love it!  The risks are worth the rewards!

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