4.8 • 1.7K Ratings
🗓️ 26 March 2025
⏱️ 43 minutes
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0:00.0 | If you're thinking about getting into real estate, you've probably asked yourself, where do I even start? |
0:05.7 | There's so many strategies, house hacking, flipping, a burr, short-term rentals. |
0:11.0 | That's honestly a little overwhelming for most rookies. |
0:14.1 | But what if we told you there's a simple framework that can help you pick the right investment strategy today without second-guessing yourself? |
0:19.9 | In this episode, |
0:27.4 | we're giving you the step-by-step formula to figure out which strategy is right for you. By the end, you'll have the clarity and confidence to take action and start investing. Look, we see it all the time. |
0:33.0 | New investors jump into real estate without a clear plan and they either burn out or they get stuck in |
0:37.7 | analysis paralysis. But not today. We're going to break it down so you can avoid the common |
0:42.5 | mistakes rookies make. I'm Ashley Care. And I'm Tony J. Robinson and welcome to the |
0:53.0 | Real Estate Rookie Podcast. So there's no |
0:55.2 | one size fits all in real estate. Each person has a different set of circumstances. So we wanted to |
1:01.8 | give you like a super simple kind of four-step formula that will help you figure out exactly what |
1:06.5 | strategy makes most sense for you to start with. Now, be sure to stick around until the very end, |
1:10.2 | because we're going to talk about some of the biggest mistakes we see Ricky investors make |
1:13.5 | when choosing the strategy. But let's get into the actual four steps of this framework first. |
1:17.9 | So I think the first step, and we've talked about this a few times in the podcast, but it's really |
1:22.7 | just about defining your goals and your motivations. And, you know, I won't beat a dead horse here. If you've listened to previous episodes, you've heard us say this before. But before you can |
1:30.8 | really identify what strategy makes the most sense for you, you have to ask yourself, why am I doing |
1:35.7 | this? Why am I investing in real estate? Is it, you know, you want immediate cash flow today? |
1:40.7 | Do you want long-term wealth for tomorrow? Are you looking to replace your day job? Is this just something that you want as a side hustle? What is it that's actually motivating you to do this? And specifically, when I think about motivations, you have cash flow, you have tax benefits, you have appreciation, and to a lesser extent, you have the ability to use properties yourself for vacations if you're doing something like midterm or short term. But in most scenarios, |
2:05.6 | you will not be able to equally satisfy all four of those motivations at the same time. So you've |
2:10.2 | got to pick and choose which one is most important, second and most important, third most important. |
... |
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