COVID-19 has rapidly changed the world. Jobs that were once thought to be stable are no longer guaranteed. This uncertainty has highlighted the importance of having multiple streams of income. Get rich schemes are not what I recommend. The key is to make your money work for you. Real estate is one of the best investment vehicles.
Paycheck to paycheck living makes you dependent on a job and is a problem that plagues all socioeconomic levels. This lifestyle prevents you from pursuing the most important things because you are reliant on a paycheck from an employer. You cannot afford to miss a paycheck as the consequence could be bankruptcy. We have all seen this story many times.
Now I magine a life where you could travel the world when you want, attend precious family events, or volunteer for an organization that has deep meaning to you. Life shaped by meaning rather than finances.
Real estate investment offers the opportunity to separate your time from your money if done correctly. There are many books, seminars, and how-to-guides, but many are based on a DIY approach. I suggest an alternative method. No, you should not give your money blindly into turn-key properties. There priority is profit over your needs. Rather you should save enough so that you can build your own investment systems.
Yes, you can bootstrap your way up the real estate investment ladder, but then you just replace a 9-5 job with a 24/7 job. Why not save enough so that you can delegate tasks and really build a business.
I adovcate for seeking a strong team from the beginning. This team includes:
- Real estate agent
- Property manager
- Contractor
- Lender
- Bookkeeper
- Tax accountant
- Real estate attorney
A strong team leads to better outcomes. Likely you are not skilled in all parts of real estate so why not find the people that are the best at it. You can focus your efforts on the business building blocks rather than running yourself thin by trying to do it all alone. Better to hire someone to do a task well than to do it halfway decently yourself. Have your business run like a business. You want it to be a well oiled machine that runs without you. Well not completely without you. You will still have a watchful eye overseeing things.
My hope is that you will use me as a resource. I can coach you through the process and help you build a super star team. We can draft up a well organized plan of how you plan to accomplish your goals and your timeline to do this. No need to reinvent the wheel. Let us use what others have done before to help you reach your dreams. But your time is valuable and let us treat it that way.
Build Wealth Through Real Estate 