Deals And Drinks Recap - Biggest Mistakes Investors Make In Real Estate

14d ago (edited) in Tips

Hello Everyone, for all those who attended last night, it was great to see and connect with you in the real world. I want to give a big shout out and thank you to

@Emiel Barbosa

for creating such a powerful community of likeminded investors and inviting me to be apart of it. For those of you who couldn’t make it, your presence was missed, but here is a recap of what I shared with the group:

Recap: Biggest Mistakes Investors Make in Real Estate

Hey team! Here’s a quick recap of what we discussed at the recent investor meetup on the biggest mistakes real estate investors make and how to avoid them.

1. Finding Deals

We’ve all heard someone say, “There are no good deals out there,” or, “I’ll wait until after the election, after summer, or when I’m older.” But waiting is a huge mistake. Time is your most valuable resource—you’ll never get it back. 🫰🏾Just like that, it’s gone.

Solution: Change your environment. Surround yourself with doers, not talkers. For years, I held myself back by staying around people who weren’t moving forward. Once I left, everything changed—I made more money and was much happier. It’s a lesson I won’t forget.

The 73-Cent Strategy: I have garnered over $1M using direct mail for the cost of 73 cent stamp! I’ve done this by sending hand written envelopes to distressed owners with no return address. Sometimes, the smallest actions in the right environment can create the biggest results.

2. Believing No Money = No Deal

This is a myth. I’ve done plenty of deals with no money down, and I recently helped 22-year-old Noah Jackson do the same. OPM (Other People’s Money) is real, and it’s one of the most powerful tools in real estate. Here’s a video to watch Noah’s story: How To Fix and Flip With No Money Down | 22 Year Old First Time Flipper Shares How

https://youtu.be/dhV3kIcHNbk

3. Underestimating Budget & Overestimating ARV

Many investors either underestimate their budget or overestimate the property’s ARV. Personally, I’ve learned to keep my optimism in check—my team constantly reminds me not to price flips like it’s still 1999! I shared a story about a friend who refinanced his family home for a flip, only to break even after 18 months. Lesson learned? Be realistic with your numbers.

4. Treating Real Estate Like a “Set It and Forget It” Game

Real estate is not a “microwave” process. You can’t set it and forget it; it requires hands-on management. I shared a story about how not knowing Spanish created barriers in my market and the adjustments I had to make by bringing my wife into the business.

5. Thinking What Worked Before Works Forever

In real estate, what works today won’t necessarily work tomorrow. Rates dropped to 2% during COVID, but now we’re facing 7%. I talked about how to adapt with methods like the SSSH Method and condo exits for multifamily deals (Videos Below)

How To Double Your Rental Income | SSSH Model | Robert Nichols

https://youtu.be/gvy2pQis4XA

Flipping Houses | How To Convert Apartments To Condos

https://youtu.be/BApO19QEIpY

The Solution?

The good news is everyone can leverage real estate to achieve financial freedom. Imagine more vacations, attending all your kids’ events, and buying the toys you want! It’s all possible with the right habits and skills.

I left everyone with three core takeaways:

1. Learning is doing—it’s not about sitting on knowledge, it’s about putting it into action.

2. Develop the habits and skills to become the person who can achieve these goals. Just like an apple tree doesn’t struggle to grow apples, you’ll naturally produce results if you cultivate the right habits.

3. Join communities like this, online masterminds, and other trainings to surround yourself with people who push you forward.

Ready to Increase Your Wealth?

If you’re looking to sharpen your skills and learn from my experience flipping over $50M in real estate, I’m hosting a 5-day training challenge next week Called The 4 Moves Challenge . It’s an affordable way to up your game and start creating your own success story.

Again? huge thanks to

@Emiel Barbosa

for hosting us at this amazing venue. Let me know if you’re interested in connecting or joining the challenge or my weekly mastermind—I’d love to help you build more wealth through real estate investing!

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