Real estate is the fastest path to financial freedom, and you can get there in less than five years. Your first deal is the most important. Here are four investment secrets that will help you get started.
1. Invest in apartment buildings. They don’t require a large initial outlay, and you can acquire funds from private investors if needed. For your first deal, it can be helpful to have more eyes.
2. Prove your credibility. You can do this by showing off your knowledge about the industry and by building a competent team. Establish a website that looks professional.
3. Analyze offers quickly. You should only need about 10 minutes to make an offer or evaluate someone else’s.
4. Connect with a solid group of commercial real estate brokers. Be diligent, accessible, and dependable for these people, who will potentially be there for the rest of your investment career.
By following these rules, you’ll be well on your way to a healthy passive income. Look for more advice in our Instaread on Financial Freedom with Real Estate Investing.