Do You Make These Real Estate Investment Mistakes?

I have made so many mistakes in real estate.??

When I was six years old, my dad who was trying to make it at the time would drive real estate every weekend.? Every weekend, we’d get in the car and look at house after house.? I never even knew what he was doing.??

But I overheard the conversations.? It was, “buy real estate.“? Own real estate.? Wealthy people own real estate.? If you want financial freedom one day, own real estate.??

My dad never even bought anything.? He just drove around and looked at real estate.??

And that’s the first mistake.??

Mistake #1: Not Investing in Real Estate

Not investing in real estate is the biggest mistake you will make with your finances.?

While it may seem difficult right now due to limited funds, credit, experience, and confidence, you owe it to yourself to figure this out.

Whether you buy deals with me or on your own, get involved.? When done right, apartments can produce passive income for generations.? They can also produce mind-boggling returns, without the risks of other investments.??

I remember when I bought my first investment property.? It was a single-family home. ? I didn’t make a lot of money on that deal.? If I had taken into account the time I invested in managing it, it would have been a loser.??

That property was a mistake for me.? And that’s the second mistake.??

Mistake #2 Buying Too Small

One of the biggest mistakes I made was looking at one unit when I should have been looking at 32 units.???

It’s easier to buy 32 units.? It's easier to make money on 32 units.? It's easier to sell 32 units.? It's easier to get a loan on 32 units than it is on one.??

You're not getting in the real estate game to buy one unit.????

If one unit is good, 32 is better.? If one unit is good and you can raise the rent $200, that's awesome.? But what if you could raise the rent 32 times?

Anything under 16 units will not produce enough free cash flow to warrant doing the deal. 2 units, 4 units, 6 units, and 8 units are not enough scale to make sense of the deal.? That only makes sense if you are only buying to flip the property.? But now you are speculating not investing.

Right before he died, my Dad bought his dream house.? When my Dad died, my mom sold that house literally one week after he died.????

And that’s the third mistake.??

Mistake #3 Buying the wrong kind of real estate

The thing I learned when my dad died and my mom had to sell the house is you have to buy property that produces income.? You want to buy real estate that will pay for itself.?

I want income. I don't want to lose money.? I need property that pays for itself.? For me, that is not single-family housing.???

For me, that is income-producing Apartments.? 32 Units and higher that produce at least $24k per year in free cash flow.???

If you were to drive real estate every weekend with me, I’d show you how you can get started buying the right type of real estate right now.???

I’d give you the information you need. ? You don’t need the money, you need the information. ? You need to know what you are doing. ? You need to roll with somebody that understands these deals.? You need somebody who knows how to look at a deal and know if it is good or not.???

Real estate is about making money.? It's about protecting your capital.? It's about cash flow.? It's about tax write-offs.? Ultimately it's about making money.? That's when the game gets really fun.???

That’s how I was able to start with $3,000 and turn it into $4 billion in real estate assets.? And maybe you think you missed out and it’s too late to get started.? But it’s not.??

I believe the current economy has created the greatest real estate opportunity of my lifetime.? If you’d like to see what I’m doing to take advantage of this opportunity, I have something for you.???

I’m doing a free live training where I share everything I’m doing right now.??

Click here to learn exactly what I’m doing right now.