Just Start Real Estate Archive 2

Today I want to talk about something that was impressed upon me very early on in my career and that I still think is incredibly important. I'm talking about being a connector.

Today I want to talk about the various modes of real estate investing. Over the last few years, I've realized something I really didn't understand in the beginning. I would read or hear real estate success stories online and on podcasts, and each time I would think that that investor had the answer, or understood the definitive way to work in real estate. We call this the shiny object syndrome. Eventually, I realized that there are countless ways of doing this business well.

Today's episode is a replay of an interview with the phenomenal Nick Ruiz.  Nick has a rags to riches to rags to riches story, and the interview really shows you that, when things go wrong in the business, you need to know how to pick yourself up and build yourself up all over again.

Today we're going to talk about why we're in this business. A lot of people get into this business simply because they want to make money, and even run their business differently than they would if they weren't driven by money. And of course, real estate is a for profit business. However, that doesn't mean that every decision you make should be motivated by making money. There are times when I don't think about the money in order to do the responsible or ethical thing.

Today I want to address a question that I saw on an online real estate group: is it unethical for a new real estate investor to sign a purchase agreement for a deal when they're not sure they have the money to close?

Today, I'm replaying an interview with someone who deals with a very unique aspect of real estate--private investing. Private investors rarely talk on podcasts because they don't want to be inundated with calls or emails from new investors who want money. That's why I'm only using this investor's first name in the interview, and I'm so glad I got him to share his unique perspective with the listeners of Just Start Real Estate.

Today I want to talk to new investors about choosing a market to invest in. The right answer is different for everybody, but in general you want to look for an area that is within reasonable driving distance from where you live and work. Within that radius, you don't want to invest to the absolute most or least expensive neighborhoods.

Today we're going to talk about getting things done. Whenever you're starting something new or you're trying to build something you're unfamiliar with from scratch, the tendency is to get overwhelmed. It helps to break it down into smaller pieces so you can keep putting one foot in front of the other. I talk to new investors all the time, and I always tell them: you have to figure out what you're going to do first, and focus on that step alone.

This week I'm sharing part two of my most downloaded interview ever--last year's interview with J Scott.

Today I want to talk about being productive. The problem is that sometimes people think that being busy makes them productive. That couldn't be farther from the truth--sometimes, the less you do, the more productive you are.