The Three Stages of Real Estate Investing 2021

Beginners
If you’re new to real estate investing, there’s one important concept you need to grasp in order to be successful long-term: the three stages of real estate investing.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com

📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB

🏠 What’s Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom

💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp

🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com

The Millionaire Real Estate Investor by Gary Keller: https://amzn.to/2yVVMl8
—————–
If you’re new to real estate investing, there’s one important concept you need to grasp in order to be successful long-term. Most people who get into real estate investing have one goal in mind: cash flow.

Of course, that is the ultimate goal, the end goal. But if you’re just starting out, you might need to adjust your approach. Don’t get ahead of yourself. You can certainly have cash flow, but maybe just not immediately. There are a couple steps before you get there.

This idea is based off Gary Keller’s book, The Millionaire Real Estate Investor. If you haven’t read it yet, I highly recommend it. It’s all about gaining wealth through real estate.

In the book, Keller discusses the three stages of real estate investing. This concept is paramount and has guided me for years. I find that many new investors look at this process in reverse, and quickly become discouraged. You have to understand these stages in order to meet your end goal.

The stages are as follows:

Buy
Own
Cash Flow
So if you’re a new investor, you should be in the first stage, where your efforts are put into buying. You shouldn’t necessarily be concerned with making money. I know that sounds counterintuitive to your main goal, but please bear with me. This stage is all about purchasing properties in order to increase your net worth.

Of course, you don’t want to be in the hole either. You need to make sure your expenses are covered and do the math to make sure you’re making a solid investment.

The second stage of real estate investing is when you own your properties outright. At this stage, you’ve paid back your lender, whether that’s a traditional bank loan, non-recourse, etc.

The last stage, the stage you’ve been waiting for, is CASH FLOW! Gary Keller says, “Buy a million, own a million, cash flow a million.” Although I admire him, I actually think one million is an arbitrary number, and that you can achieve financial freedom in a more attainable way. I recommend finding your unique Freedom Number to see what works for you.

Once you get to the cash flow stage, you can easily rinse and repeat. Most smart investors buy until they die! Why’s that? The tax implications of owning real estate are enormous.

I hope this video has encouraged you to move toward financial freedom, and to be patient in the process.
—————–
DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

Products You May Like

Articles You May Like

The Data Is Clear About The Real Estate Market!
How to Make a Million Dollars in Real Estate Flipping Houses! #shorts
Set up your team for real estate investing (20)
New York sues Donald Trump, company and family members over widespread fraud claims, seeks at least $250 million in penalties
Buying a $600,000 Apartment in NYC at 24 Years Old | Cost Breakdown, Process, Criteria

Leave a Reply

Your email address will not be published.