Summary:

In this episode, I start with the reasons why I think real estate is still the best and my personal favorite investment vehicle. I then provide you with the correct and ideal steps you should take to invest in real estate (beginner friendly!). I also want to give a big shout out to BiggerPockets (at biggerpockets.com). In this episode, you will hear many references to BiggerPockets.

1. Learn the basics, and decide what type of investing you want to do - rental, flip or wholesale.
2. Decide where you want to invest.
3. Network and build a team.
4. Set your criteria.
5. Analyze the deals.
6. Make an offer.
7. Close the deal.
8. Renovate the property, if needed.
9. Rent it out or list it for sale.
10. Realize your profits.

References:

1. Fun fact: over the last two centuries, about 90 percent of the world's millionaires have been created by investing in real estate. (https://thecollegeinvestor.com/11300/90-percent-worlds-millionaires-do-this/)
2. Three ways old money holds on to its riches: (https://www.usnews.com/opinion/blogs/economic-intelligence/2012/04/16/the-three-ways-old-money-holds-on-to-its-riches
3. Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties by David Greene (https://www.amazon.com/s?k=long+distance+real+estate+investing+david+greene&sprefix=long+distance+real%2Caps%2C343&ref=nb_sb_ss_ts-doa-p_1_18_ )