Today I’m talking about the four top reasons why you should never—and I mean never with a capital “N”— invest in turnkey real estate.
Author Engelo Rumora
I want to make something very clear to you: Real estate investing is a numbers game. To get leads, you HAVE to put in the work to find motivated sellers.
Today, I want to warn everyone about some of the things you need to look out for to have a successful experience when investing in turnkey real estate.
In my opinion, bricks and mortar are a much safer and better investment than stocks. You get to touch it, you get to feel it, and you are in control of it!
Try to always underestimate your income and overestimate your expenses. Looking at the worst case scenario will help you mitigate the risk and succeed!
When starting out in real estate investing, is it more important to focus on being frugal or upping your income streams? Get insight here!
I speak to so many real estate investors on a daily basis. The big question I hear is, “How the heck do you find all of your deals?”
I can’t tell you how to find your purpose in life, but I can tell you this: Your “why” cannot be focused on you, and it can’t be focused on money.
I bet you didn’t think that your success in real estate could be summarized in one word, did you? Consistency is the single word that defines success.
By being a black sheep & not following the herd, you’ll be able to find opportunities first. By the time you see it on TV or read it online, it’s too late.
I know that what I’m about to tell you is not probably something you don’t want to hear. I’m sorry to do this, but I’m about to burst your bubble.
Pay no attention to the outsiders trying to tear down what you are building. Instead, rise above it and make those in your market take heed.