Why Experience in Real Estate Matters
There's always a lot of buzz in the investment forums about real estate.
“Should I jump into real estate?” Or “Maybe I've been doing real estate and I'd like to do more of it.”
Dentist Real Estate Investing 101: How to get started without losing your shirt.
I am a huge fan of real estate. My story began before I was a dentist, real estate investing first in 1980 (over four decades ago). Real estate is the platform, the asset class that set me free. But like anything in life, there are ways to do it right.
There are more expedient ways to do it.
Just knowing where the minefields are is one of the key aspects that each one of us needs to know so we don't fall into those traps, or what I call, “headwinds.”
Understand that markets cycle. Right now is a time to be cautious.
Whatever worked for anybody in the last several years, even going back to 2012 after we came out of the great financial recession (this includes you, me, people that you know, people that syndicate real estate, etc.), at least 50% of the success was due to the market.
Yes, people have to do the work. They have to get out there and do it.
I'm a fan of that, but the market has made up for a lot of sins and errors. It’s made a lot of people look like geniuses when they're probably mediocre at best.
This is not a discredit to people that work hard to get there.
As I said, I'm a fan, but the market is changing right now. So, the models that have been used going back 10 years are not going to work going forward.
Whatever you've been looking at, reading books about wholesaling, fix and flips, rentals, syndications, or the Bigger Pockets forums… Look, they’re all great places… until now.
You can wait for new information from these places, but how quickly can they move the needle and change?
Real estate education is always a lagging marketplace.
You've got to be on top of what's working now, if you're going to stay in the game or get into the game, understand what to do and what not to do.
That's where I come in. That's where I lead my Freedom Founders members.
Whether you're ready to be a part of the Freedom Founders Community or not, I just want you to have the right information.
I'll continue to navigate the dynamics of the marketplace, the volatility that so many people are not aware of.
Not because they're stupid, not because they're ignorant, but because they just haven't been through it.
This is when experience really counts and that's what you want to follow in life (in everything, not just investing).
Follow those that have experience, in the markets, during up markets, and during recessions.
They’re full of information to try to keep you on the straight and narrow.
P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :
1. Schedule a Call with My Team:
If you’d like to replace your active practice income with passive investment income within 2-3 years, and you have at least $1M in available capital (can include residential/practice equity or practice sale), then schedule a call with my team. If it looks like there is a mutual fit, you’ll have the opportunity to attend one of our upcoming member events as a guest. www.freedomfounders.com/schedule
2. Become a Full-Cycle Investor:
There are many self-proclaimed genius investors today who think everything they touch turns to gold. But they’re about to learn the hard way what others have gained through “expensive” experience. I’m offering a free report on how to become a full-cycle investor, who knows how to preserve and grow capital in Up and Down markets. Will you be prepared when the inevitable recession hits? Get your free report here.
3. Get Your Free Retirement Scorecard:
Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Click here to take the 3 minute assessment and get your scorecard.