Hey. Sherman Ragland, the Real Investor. And one of the questions I get asked quite a bit is Sherman, what’s the best real estate investment? And I think what they’re really asking is Sherman, what’s the best real estate investment for me? And my answer might just surprise you. So, before getting any further, please make sure that you hit subscribe, like, and share. And also, don’t forget, you can ask me questions anytime you want 24/7 at AskaRealinvestor.com. That’s AskaRealinvestor.com. So, back to the question of the day, what’s the best real estate investment? Well, my answer might surprise you, because the answer is there is no one answer. Everybody has very different personalities, very different tolerances for risk, very different attitudes towards being actively involved in the real estate investing versus being passively involved in real estate investing. And quite frankly, that’s one of the things that makes real estate investing so cool, because it doesn’t really matter who you are, what you are, what you do, or where you’re from, where you went to school or didn’t go to school, who your mama is, who your daddy is, who your mommy isn’t, or your daddy isn’t. It doesn’t really matter. Anybody can become a successful real estate investor. But it is a journey. And part of the journey is of course establishing what’s the right or best real estate investment for you. So, rather than try to answer that in 10 minutes or less, because I don’t think it could be answered in totality in 10 minutes or less, but I can give you some broad parameters that I think, might be helpful. So, I would generally say that real estate investors and real estate investing, because if you decided investing in real estate, that automatically means you’re a real estate investor. Real estate investing or real estate investors can be really divided into three sizeable buckets. And rather than calling the buckets, I would call it like a spectrum in a continuum. On the far, far end of the spectrum, are people who really don’t like risk, don’t feel comfortable with their own skillset for whatever reason, and they really wanna become a passive real estate investor. And then of course, on the complete opposite end of the spectrum, are people who are very confident about their own abilities, very confident, tolerant of of risk, and that’s group I would call dealmakers. So, on one end, you got the dealmakers, and on one end, you have the passive real estate investors. And then, you have folks all the way in between. So, starting with the fact that there’s three different ways you can get into the business based on what your level of tolerance for risk is, what your attitude is about, you actively participating in your deal versus passively. I would say the first entry point is to decide where do you fit on that continuum? Where do you fit on that spectrum? If you are a risk taker, and you are a person who likes to be in more control, then I highly encourage you to watch your videos and go through the training that we have specifically four dealmakers. And the best way to get involved in real estate if you are a dealmaker, is to get out there and do a deal. Do it with something that doesn’t have a lot of risk. Do it with something that you can probably look over somebody’s shoulder, or somebody can look over your shoulder if you really are like type A, just tell me what to do and I’ll go do it, but still having somebody look up your shoulder. And we’ve got lots of stories on Real Investors about people who got started in the business as dealmakers, and their very first deal was a dealmaker deal. On the other hand, if you are a little more passive, a little more reserved, and by the way we need everybody in the business. So active dealmakers need passive investors to help ’em do more deals. But if you are more passive, you may wanna think about something like a real estate investment trust or a REIT, or the new generation of real estate opportunities that’s coming along where you can basically go to a website and buy real estate just off of websites or websites like fundrise.com. And I’ve got other videos on that. So, I’m not gonna go into any detail right now. But again, most people are gonna find themselves in the middle. And if you really are in the middle or you are a dealmaker, or you’re a passive investor, I would say the first place to start is just really starting to get to know the business. And so, I highly, highly highly recommend that before you put down too much of your own money or too much of your own time, really hanging out with people who really know how to invest and show you the ropes. And of course, doing things like watching these 10-minute real estate episodes. And of course, coming to websites like Real Investors. There’s lots of good websites out there. The Real Investors, BiggerPockets, Connected Investors, and others. And really starting to learn and build up on your education before you start writing checks or before you start spending too much time. But understand this, there is a point of no return or a point of downside to that, which is you really do learn this real estate business by doing it. So, while you wanna spend some time getting some education, while you wanna spend some time getting some training, you still also need to understand that you’re really gonna learn this business and your growth is really gonna happen when you actually start doing it. So, for the most part, I recommend for most people, start with single family houses. Invest in single family houses, and invest in single family houses as a part of some kind of a real estate investment group. Get yourself some training, take moderate to low risk at first. And mainly what you’re doing is learning the business by actually doing the business, but doing the business not on your own and making a ton of mistakes, but doing the business where you’re partnering up with somebody in some fashion. So, I’ve got other videos on how to be a partner, how to do partnering arrangements. But if you’re really, really serious by becoming a real estate investor, my strongest suggestion is do a self-analysis and figure out where you fit on that spectrum. And we’ve got some tools to help you at Real Investors, and decide, are you a more passive person or are you more on the other side, a more of a dealmaker, or are you somewhere in between, and get connected, get hooked up, hang out with people who are actually doing what it is that you want to do. And learn this real estate business by actually doing it. So, Sherman Ragland, Real Investor. I hope this was helpful. Again, we got some other videos that go into greater depth. But to answer the question, where do you get started? What’s the best real estate investment? What’s the best real estate investment for you? I think, you need to just sort of, and I hate saying need, because it sounds so dictatorial, but I would suggest that you think about it being a journey as opposed to a final destination question. And you may start in the business in one place, but then you may find that, hey, you really do wanna take a little more risk or you may start in the business and say, hey I wanna be a little more passive. Just depends on what your situation is. But the number one thing is just get started. Get started on the very first deal and be prepared to learn as you go along and don’t go it alone. There’s lots of resources that you find, especially at sites like Real Investors, Connected Investors, BiggerPockets. And get connected, hang out, start connecting with the Real Investors and give yourself a chance to look over their shoulder while you get that first deal done. All right. Sherman Ragland, Real Investor. Again, Thanks for tuning in. Please make sure you hit subscribe, like, and share. And don’t forget, you can ask me questions 24/7 at AskaRealinvestor.com. 10-minute real estate. Sherman Ragland, the Real Investor. Ciao.
September 8
Understanding the Best Real Estate Investing Strategies for YOU
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