Brock's newsletter | DECEMBER 2, 2022
Don't Own Investment Property? Join the Club.
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
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
with my club (the 7.1%), called “The Tiers of Understanding Real Estate”:
I should buy more real estate
I should only buy real estate
I should get 15 year mortgages
I should pay one of these off early
I should sell some of these winners
I should not have done 4-6
Until next Friday,
-Brock & Lori
Stop renovating your house, seriously.
It's a giant waste of a
Use competitive Monopoly strategy as your guide:
buy and hold everything you land on.
📕 Highly recommend for making 2023 the year where you achieve it all:
Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones.
🏦 Don't be this dumb, especially now.
Prospective home buyers spend about as much time researching new TVs as they do mortgage lenders.
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Los Angeles, CA 90026, United States