How To Start A Career In Real Estate (3 STEPS)
Yo, yo, what’s up, everybody, these are going to be your three steps to start a career in real estate investing. This is one of the things that I’m asked all the time, where do I start? How do I do it? What should I be doing? Well, these are the three first steps that you have to do to get started as a real estate investor.
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Now first, I want to say this to make sure you guys understand, there’s not just one way to become a successful real estate investor, what I preach over and over again, is you need to be a well rounded real estate investor, you need to wholesale you need to rehab flip, you need to buy a rentals, you need to do creative financing, you need to do it all. And that’s because there’s really four main pillars that I firmly believe in to be a successful real estate investor. But this video is how to get started what to do, what are the three first steps on what to do to become a successful real estate investor. So first, number one is gonna be network. So one of the first things I learned is not every meeting directly involves getting a paycheck, but every meeting has value. And that really helped me understand the power of networking within real estate. So if I were you, I would be networking like crazy at meetup.com Now that they the live events are back after now, COVID is essentially no longer a thing, I highly encourage you to find the meetups that are going on in your city, and start networking. Now as someone that believes you can diversify, meaning you don’t have to do deals only in your backyard, you can do them in any city in any state in the nation. I do believe this is the first place that you need to start networking, but not the only another way to start networking is through a lot of these Facebook groups. I myself have a very large Facebook group, I believe there’s 12,000 members or so in the science of flipping Facebook group, it is a closed group. But if you request to be a part of it, we will let you in as long as you’re interested in real estate investing. We just don’t want those spammers, right. So no spammers out there. Now, that being said, networking in these groups can be huge. So a lot of people say hey, I want to, you know, my market is really competitive. I’m thinking there’s some better markets out there, which there may be? Well, finding buyers finding money finding title, finding contractors, finding agents, all of the people that you want to be networking with, can be in these groups as well. So you need to be doing both, because you never want to just say I’m only doing virtual, I’m not doing anything in my backyard. That’s silly. I’d also say it’s a little silly if you’re only focusing on your backyard and not thinking about all the other cities and states that you could be doing deals in. So make sure diversified by number one, networking, I need you to network with realtors, other investors, wholesalers, title companies, hard money lenders, private lenders, contractors, you name it, you should be networking. It is amazing to me how I will do deals over time, because of the network I built 3, 4, 5, 6, 7 years ago. Nowadays, I’m doing deals I’ve done deals now in 29 different states. And a lot of that has to do with a network that I’ve built over the years right now for me, some of that network has been because I’ve joined masterminds and coaching groups, and I’ve networked within those masterminds and coaching groups, that has propelled me to have opportunities in a bunch of different states, specifically 29, whether it’s title companies to align myself up with, whether it’s hard money lenders that will lend on my rentals or my flips, whether it is contractors that I need to do my rehabs. It’s because I’ve focused on network, which is the most important step you can make. That’s why it’s step number one, that I It has given me the ability to be able to reach as far as I’ve reached. Now, I’m gonna to say something right now that you’re not gonna to love to hear. This all takes time. You’re not going to network at meetups, you’re not going to network in the Facebook groups, and all of a sudden go get your first check and get going and you’re rich. That’s not what I’m talking about. You need to give yourself patience. You need to be able to take action, you need to be able to do the things consistently to find the results that you want.
Now let’s jump into number two. You need to make sure you have an entity and essentially you want to start building personal and business credit at the same time. Now there’s a company that I use for myself I also encourage my students to use is primecorporateservices.com/tsof. We’ll put the link in the comment below but you want to get your entity setup as well as get some corporate credit and some personal credit going so that you have some money some power, you do not need your own money to be in this game of real estate investing, you do not need your own money to be a fixin flipper, you do not need your own money to buy and hold rentals. But by building personal and corporate credit, you can leverage other people’s money and who better to leverage their money than from banks and lenders so that you don’t have to come out of pocket. So again, primecorporateservices.com/tsof. The link will be here in the comments. But this is really important as your second step, get your entity up, get your personal and corporate credit running immediately. So over time, as I mentioned, you will have the financial resources to do anything you want, including making sure your earnest money deposits are heavier than $50 or $100. Make them $1,000 $2,000 $3,000 because you can because you have corporate lines of credit.
Now number three, number three, you got to start, you got to get going, you need to take action. You see, here’s the thing, I believe in three main things, commitment, intention, and action. The most important part here for number three is your action that you’re taking. It doesn’t matter whether you know exactly whether it’s the right action or not, you need to start taking action. You have hundreds of my own YouTube videos that you can start watching on what action to take. But I’ll just give you a couple right here right now so that you can start feeling like you’re making progress. One, go to zillow.com and look at for sale by owner listings. These are not listed on the MLS. They’re only listed on Zillow by the actual homeowner themselves, give them a call, start to have the conversations of you being an investor looking to buy a nice investment property. This may or may not fit my bill. But I want to start having a conversation with you, Mr. Seller, and start having that conversation. Now. I have a script that is totally scripted for these conversations that my students get. If you need something, I’m sure you can find something somewhere. In fact, if you go to insider.thescienceofflipping.com you should be able to download all those things for absolutely free. But you really want to start meaning even if you’re talking to a seller that won’t take a negotiated discounted deal, you’re starting to get the action going which is going to build more momentum for you. Another place that you can go is craigslist.com. And go look at people who are trying to for sale by owner on Craigslist. Another place you can go to is go look for landlords, people who are trying to rent their property by the owner, right? Craigslist and Zillow also have that you want to find the homeowner, not the agent per se, you can have the conversations about what it looks like to buy their home. You can go out there and try to sell someone else’s property, you can start to build a buyer’s list in your own backyard or you can start to build a buyer’s list in a different market and sell someone else’s deal. And make a quick, you know, wholesale fee, just by bringing a buyer to someone else’s deal. The key here guys and gals is you have to start you have to start taking action, regardless of whether it gets you outside your comfort zone, or you’re totally comfortable doing it. Make sure you start you see living outside your comfort zone is where you’re going to need to play as a real estate investor, right? you’re going to need to be doing new things all the time. Even now after 14 years of being in this business. I am doing new things handling new new issues than I have before because my business continues to grow and adapt to what’s going on in the market.
So the big three are going to be one your network you need to build your network and you never can stop building your network like I’ve said 29 states in large part is because I continue to network I can continue to join coaching programs and masterminds I like to build this network out so that I can actually you know, do deals in all 50 states. Number two, get your entity and get your personal and corporate lines of credit started. Go to primecorporateservices.com/tsof. Number three, start taking action. Go to Zillow call for sale by owner go to Craigslist call for sale by owner go to Craigslist and Zillow, a light call for rent by owner and start having these conversations. Or if you just want to go find a buyer for someone else’s deals. Go find that buyer. Go out there and find a buyer for someone else’s deal through Facebook groups, right through meetup groups through your network which all circles back to the point number one network is your most important part. Give yourself time patience and take a ton of action because if you do that, you will succeed I’ve coached 1000s and 1000s of people in this space of real estate investing to be well rounded real estate investors. Not one trick pony. I promise you you can do it too. By the way, if you’re liking this, make sure you’re smashing that like button make sure you’re subscribing to my YouTube channel. And if you want more information just about how to be a well rounded real estate investor, go to thescienceofflipping.com, thescienceofflipping.com you can get all the information you possibly want there. I’ll see you guys on the next one. Peace
