We get calls regularly from people “thinking of investing in real estate”. The truth is, most of people will just think, not buy. Only 7.1% of Americans own rental property.

 

I get it - it's hard to take the leap. Nothing cash-flows out of the gate. YOU, the investor, have to add value (rehabs, move-outs, etc.). That's hard work. And expensive.

 

And it's even harder to hold long-term - why rake in a measly $500/month when there's $250,000 to be gained by selling? Answer: a fast dime is not always better than a slow nickel, and all the money gets spent.

If you are thinking about investing, and truly wish to move the thinking to doing, the best thing you can do is get a financial education (through books, newsletters, mentors, etc.) and realize that you can't afford to not invest.

 

And once you're on board, the 2-4 unit market is crickets right now. Every listing agent in town is texting me - “just get me an offer.” My favorite kind of market.

 

I shared this tweet from @realestatemaxi with my club (the 7.1%), called “The Tiers of Understanding Real Estate”:

Until next Friday,

 

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