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Wealth creation via real estate is actually a simple process. Before you get bogged down with the details, it's important to go back to basics. That's why I'm sharing the three steps to creating wealth via real estate investing!
On this episode of Investing in Real Estate, I’m breaking down the three simple steps necessary to create wealth. I’ll talk about how to get started no matter where you are in the process, and the importance of having a hunger for financial freedom. Don’t miss episode 279!
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I’ve found that there are three simple components that go into creating wealth via real estate. It doesn’t need to be complicated. It comes down to the following three elements:
- People - The entire business of real estate investing is based around people. Whether it’s your contacting team, title company, property management company, or tenant, people are an important aspect of investing. And if you don’t know people, it’s time to start networking! Check out local real estate meetings in your area, and start asking your contacts about real estate.
- Money - It takes money to make a deal happen. If you don’t have the funds to purchase a rental property outright, that’s okay! There’s plenty of money out there, and there are plenty of people making minimum returns on their money.
- Deals - The deal could possibly be the hardest part of the puzzle. You’ll need to either work with a turnkey provider, find a realtor who understands investing, or start looking for owner financed homes. If you can find a great deal with high ROI, the money will come!
On today’s show, I’m sharing how all three of these elements come together in order to create wealth. I’ll talk about my experience, the power of private money, and how you can get started creating wealth.
If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.
On this episode you'll learn:
- What should you do if you don't have any of the elements in place?
- What is the best way to start making real estate connections?
- Which two components work together best?
- And much more!
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