Manage episode 495156619 series 2922807
In this episode, hosts Mike and Marcus dive deep into the pivotal milestone of completing your first real estate deal. They discuss overcoming mental hurdles, fear of failure, and the crucial mindset needed for success in real estate investing.
The conversation includes strategies such as house hacking, wholesaling, buy-and-hold, BRRR method, and creative financing. The hosts also stress the importance of building a team, knowing your market, and creating a well-defined investor identity.
Whether you are a novice overwhelmed by where to begin or a seasoned investor looking to refine your approach, this episode offers essential guidance and actionable steps to help you achieve your investing goals.
Key Takeaways: 00:42 The Importance of Your First Deal 01:06 Mental Hurdles and Overcoming Fear 01:59 Mindset and Its Impact on Success 08:47 Strategies for Your First Deal 10:29 House Hacking and Wholesaling 12:59 Buy and Hold Strategy 14:54 The BRRRR Method Explained 17:38 Creative Financing Techniques 20:43 Personal Experiences and Advice 27:20 Introduction to Discovery Calls and Breakthrough Sessions 27:43 Building a Real Estate Team 28:14 Investor-Friendly Service Providers 30:26 Importance of Networking and Building Relationships 33:38 Understanding Your Market and Strategy 35:37 Investor Identity and Purpose Statement 38:08 Partnering and Raising Money 44:23 Common Mistakes and Lessons Learned 49:32 Action Steps for New Investors
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The Arizona Real Estate Investors Association provides its members the education, market information, support, and networking opportunities that will further the member’s ability to successfully invest in #realestate
Join AZREIA here: https://azreia.org/join Is a Career in Real Estate Right For You? Take AZREIA's Real Estate Investing Entrepreneurial Self-Assessment at
👉 https://azreia.org/entrepreneurial-self-assessment/ Azreia Real Estate Investing Entrepreneurial Self-Assessment Who is it for?
☑️ Anyone who wants to know if Real Estate Investing is right for them BEFORE spending time or money on education and training.
☑️ Everyone new to Real Estate Investing Our Entrepreneurial Self Assessment is designed for you to understand if Real Estate Investing is right for you and if so, if you are best suited for active or passive investing. Our membership is a community consisting of independent real estate investors who invest in:
🏡 SINGLE FAMILY
🏙 SMALL MULTI-FAMILY
🏡WHOLESALERS
✍️ NOTES Educational opportunities are plentiful and delivered through AZREIA’s education program and in collaboration with outside education providers.
🎓AZREIA’s Core Education Classes are specifically designed for new investors to develop their critical skills quickly and effectively.
🎓Our strategy classes are provided through AZREIA and others and deliver advanced knowledge.
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100 episodes