4.8 • 2.1K Ratings
🗓️ 23 January 2025
⏱️ 10 minutes
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0:00.0 | What are your goals? I mean, at the end of the day, are you trying to make more active income? |
0:04.8 | Are you trying to like replace your career? If that's the case, you know, things like flipping |
0:08.1 | and wholesaling are going to be great for you? Or are you trying to build long-term wealth? Are you |
0:12.7 | trying to just kind of buy a property here, buy a property there? Let the money stack, let your |
0:17.2 | net worth increase, get some tax benefits. Well, if that's the case, you're probably |
0:21.0 | going to start looking at the different forms of rental properties. Maybe some of you guys are just |
0:25.4 | looking at completely being passive. You don't want to find deals. You don't want to negotiate anything. |
0:30.4 | You want someone else to do it all. Well, guess what? A syndication or private money could be great |
0:35.4 | for you. The second thing you got to think about is the time. |
0:38.8 | So this kind of relates back to goals, but how fast are you trying to get there? I mean, if you're |
0:42.8 | trying to go from zero to millionaire in just a couple of years, well, you're probably going to |
0:46.9 | end up flipping our wholesaling, mainly because you can't really buy rentals and do the other things |
0:50.6 | I'm going to talk about. And so timeline really matters, especially when it comes |
0:55.0 | to goals and how quick or how slow you're trying to build the wealth. I would also say with time, |
1:01.4 | you've got to think about whether or not you're going to go part time or full time. You know, |
1:05.2 | how many hours a week can you put into your real estate investing business? Are you somebody who's |
1:10.6 | just going to go all in 40, 60 hours a week?? Are you somebody who's just going to go all in |
1:12.4 | 40, 60 hours a week? Or are you somebody who's working a job? You can't really put much time into it. |
1:17.9 | Maybe you got a few hours a week. Maybe you got 10 hours a week. Well, that's going to play a big |
1:21.6 | role in determining your strategy. The third thing that you're going to look at is capital. |
1:27.0 | So how much money do you currently have right now? |
1:29.9 | And then also, too, how much money do you have access to? |
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