How To Invest In Real Estate Like A Pro
By JD Esajian on April 1, 2015
While some dismiss the intelligence of investing in education, the most successful credit their wealth and performance to it. Anyone can see some success for a period of time. How many real estate investors made millions in the boom of the early 2000s without investing in education? How many lost everything?
Those that achieve peak performance, and manage to maintain its rewards, think different. Whether Olympic athletes, sports heroes, CEOs of global corporations, presidents, or real estate moguls, all credit their achievements to coaches. All value learning. Some credit personal development coaches like Tony Robbins. Warren Buffett credits author of ‘The Intelligent Investor,’ Benjamin Graham. Many others give the credit to FortuneBuilders, and Than Merrill.
Today’s leaders, the wealthy, and successful real estate investors wouldn’t be where they are without education and coaching – period.
The catch is that education doesn’t come cheap. Attending the nation’s best universities isn’t cheap. Even becoming a Realtor isn’t cheap. Life coaching and real estate investing coaching can run tens of thousands of dollars. It requires time investment too. It’s worth it if you make millions of dollars, but not everyone has the time and money to dedicate. So what’s the solution?
The Forgotten Factor
Knowledge is necessary. Education and coaching has incredible value, but there remains one factor which is often overlooked: the power of leveraging other people. Leveraging others is as critical as first hand learning.
You don’t need to know it all. You rarely can – especially in real estate. Even if you learn everything there is to know about real estate investing, it will change tomorrow. The basic principles still apply: proven models and systems will keep you safe. Years of knowledge will help navigate challenges, but the best real estate marketing techniques and market trends fluctuate.
The concept of the mastermind team is one of the cornerstones of leverage. Having a panel of real estate experts to consult can make a huge difference. New real estate investors are encouraged to build their mastermind group early, only few actually do. This can be achieved by reaching out to local real estate industry players via online groups and networking with real estate experts at conferences. Investors can tap them for knowledge, real estate leads, and even help.
The Other Solution:
Fortunately, there is a hack. There is a way to leverage all the benefits of the priciest coaching and a mastermind groups, without all the time and upfront cash. Partnerships can be a great start in the right direction. Now real estate investors can leap even further ahead by leveraging turnkey property investing.
Think about it: turnkey property investing offers the ability to leverage an entire team. The best turnkey property investment programs are run by experts. Experts with years invested in education, and tens of thousands of dollars in real estate education. They’ve even got years of hands on experience. They know what is working in the market. They have specialist knowledge of every individual area of real estate. It means having bookkeepers, property managers, contractors, marketers, analysts, and financial advisers. When the superior performance benefits and returns are factored in, the best turnkey real estate programs more than pay for themselves. It’s like having millions of dollars in education and years of coaching delivered with the ease of a mobile app.
Turnkey property investing may not be right for everyone, or at every stage of investing. In these cases, invest in education. Invest as much as you can while you are learning. But, at some point, all will find the advantages of turnkey.