1 - Real estate investor secrets
The two primary resources of real estate investors are money and time.
One has to understand the two words “cash flow.”
The secret to success in real estate investment world is to:
- Buy low.
- Have cash flow as soon as possible.
- On investment properties, don’t pull money out even if you appear to be making some.
Understanding the time value of money is summed up as “What is your time worth today and tomorrow? How do you best leverage money?”
To best leverage the resources you need to able to have the right labor pool to get the job done.
Understand the time value of talking
If you have any bankers in the family they will talk about the time value of money. To think as an investor you need to know the time value of talking, and primarily to those who have a resource you need to build your business.
To develop these resources, the“someone in my back pocket” takes time and some effort, talking to architects, contractors and maintenance handymen, whomever you come across who can be dependable for a project now or later.
As one goes through the steps of Landlordism, consider these primary resources and how one will apply these tools and techniques in your business.