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10 Things I Wish I Knew Before Starting to Invest in Real Estate
Manage episode 345438544 series 3409629
Το περιεχόμενο παρέχεται από το Real Estate Financial Planner LLC and James Orr and James Orr. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Real Estate Financial Planner LLC and James Orr and James Orr ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
This is a very personal recording of a class I recorded on March 10, 2021 for our real estate investor group in Northern Colorado.
In it I share some very failures and what I wish I knew if I was getting started investing in real estate in Minneapolis.
Here's my list of tips:
- Not Get Rich Quick
- "A great business at a fair price is superior to a fair business at a great price." – Charlie Munger
- Reserves
- Return Quadrants™
- Nomad™
- Focus
- Grass Isn’t Always Greener
- Past does not equal the Future
- Deeper Understanding of Income and Expenses
- Sharpen The Saw
Watch the video version of this class:
Resources Mentioned
In this episode James mentions the following resources:- First $100K Is The Hardest - Some more detailed information and explanation on why the first $100K is the hardest.
- Everything You Learned About Deal Analysis is Wrong - An entire class about using the Return Quadrants and reserves when analyzing deals.
- Return in Dollars Quadrant™ - Learn about the Return in Dollars Quadrant™ and each area of return on investment properties.
- Return on Investment Quadrant™ - Learn about the Return on Investment Quadrant™ and how much return you get from each area of return on investment properties.
- Cash Flow Power Meter™ - A tool to visualize how strong cash flow is on a property.
- The World's Greatest Real Estate Deal Analysis Spreadsheet™
Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.
Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Minneapolis real estate investor podcast? Book a free consultation to discuss.
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