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4 Things You Need To Make The Best Real Estate Investment

Let me break this down for you:

1. The Right Vision: this means getting really clear on what you want your real estate investments to do for your life. Financial freedom? Tax benefits? Leave a legacy? What types of investment properties do you desire? How do you desire to work in real estate? (investor, property manager, etc.) Where would you like real estate to take you in 5, 10, 20 years?

2. The Right Team: real estate investing is not something you can do alone. That’s why we at REI goddesses believe so strongly in bringing great team members to our community. Make sure that you are surrounding yourself with people who can help answer your questions, give you tools and resources to help support you, and guide you through the highs and lows that are part of the investing process.

3. The Right Market: Is the market you want to invest in landlord and business-friendly? What is the cost of housing? Is there a high job and/or population growth? Is it a market that you’re...

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How Should You Evaluate Potential Real Team Members for Your Real Estate Investments?

What makes a great team member? I always come back to the three C’s when I’m evaluating someone to be on my team, to work for me, or to welcome into my inner circle. These 3 C’s are (in order of importance):
 
 
1. Character: this tells me everything I need to know about them. I evaluate how trustworthy they are, I evaluate how they treat all people (like the waitstaff, their assistant, me, etc), and I evaluate their overall integrity. I only want to work with people who are trustworthy and who respect the people around them, so character is a big one for me.
 
2. Commitment: you don’t want to bring someone on your team who you can’t rely on! So commitment is another key value that I consider before I start working with someone. I look at their commitment to our shared mission/vision/values- are they practicing what they preach? I also evaluate their commitment to our shared project- are they holding up their side of the deal? Are...
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It Actually Is Who You Know - 3 Steps to Building Successful Real Estate Relationships

For better or for worse, your success in real estate will be determined by who you know.  Real Estate is a relationship business.  Who you know and who you are working with can make all the difference in what deals you get and how much money you have access to.  

You need relationships with great service providers (agents/brokers, lenders, property managers, CPAs, contractors, attorneys, etc.) and with great potential partners (deal and investment partners).  Without these right relationships you either:
(a) can’t get a good cash flowing property deal at all (especially in a competitive market), or
(b) you can’t run it well if/when you do acquire it.

A lot of people think that’s not fair.  It’s true, it’s not fair.  Fair or not, that’s the way it is.

There is something you can do about it though…

You absolutely can get yourself some of those right relationships!

So how do you do that?...

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