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10 Things I Wish I Knew Before Starting to Invest in Real Estate
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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 Metairie.
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 Metairie real estate investor podcast? Book a free consultation to discuss.
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