Making money with real estate (Beginners GUIDE!)
I know nothing about real estate. But imagine I decided to take all my online profits and get into real estate... I could approach this new & exciting opportunity in 2 ways. Way #1: Max Difficulty Mode. I could try to figure it all out on my own. After all, how hard could it be, right? Plus, why pay someone? All the info is free online. Here's how this 'Max Difficulty Mode' would probably play out: 1. I'd be stuck for a few weeks wondering "where do I even start?" 2. I'd spend weeks second guessing myself and doubting even IF I should even do this. 3. I'd spend months reading blogs about best practices & overwhelming myself with all the data and info out there. 4. I'd speak with real estate agents and get them to drive me around town. 5. I'd spend weeks watching videos about property management tips, mortgage documentations and tenant rights. 6. I'd experience sleepless nights stressing over market trends and property opportunities. 7. I'd attend in person conferences with a dozen gurus all giving different advice and walk out more confused than I was when I walked in. 8. I'd eventually get fed up and pull the trigger emotionally on a house I liked the look of. 9. I'd probably regret my decision. 10. I'd look back after 3 years and think: "Wow I learned a TON about what NOT to do..." And the kicker? There's a 100% chance I'd make 20+ completely avoidable mistakes that any seasoned real estate pro would spot from a mile away. And these wouldn't be minor mistakes ā these would be mistakes that'd cost me anywhere from $100,000 to $500,000 or more. But what if there was a different way? Way #2: Easy Mode. What if I partnered with a real estate expert from day one and didn't f&ck around? What if I sat down and paid a successful friend/mentor a few grand to teach me the ways, step by step? Here's how Easy Mode would likely play out: 1. I'd instantly tap into years of hard-earned knowledge and experience. 2. I'd be guaranteed to avoid the most costly beginner mistakes that couldn't even see. 3. I'd start making money WAY faster because I wouldn't waste any time trying to reinvent the wheel. 4. I'd have a guide helping me navigate complex decisions & understanding big words. 5. I'd learn the ropes while still protecting my investment.