To help you navigate the world of real estate investing, we have compiled a list of tips from some of the most successful real estate investors. From having a solid plan and realistic expectations to building a great team and staying on top of your finances, these tips will help you achieve success in the world of real estate.
In this episode of The Profitable Rental Podcast, we interview two guests, Brandon Hall and Sharon Lechter. And it quickly became apparent that both of them attribute their success - in part at least to having the right mindset.
Sharon Lechter, co-author of Rich Dad Poor Dad and author of a number of best-selling financial literacy books, a real estate investor and financial advisor talked about her early years and the way money was openly discussed amongst her family. She grew up understanding concepts like depreciation and investment strategies which gave her a huge advantage at that age, an advantage she’s determined to share.
Brandon Hall, CEO of The Real Estate CPA, and Inc 5000 company and real estate investor said, “The first step to understanding real estate investing is recognizing that it is a business.” This means treating it as such, with a strategic plan, careful budgeting, and attention to detail. Real estate investing is not as complicated as it may seem, but it still requires a solid understanding of the market and the ability to adapt to changing circumstances.
The Profitable Rental is a podcast by Landlord Studio. We interview real estate experts and discuss practical advice on how you can build a profitable real estate portfolio.