One of the things you need to do when you first get started in real estate investing is you need to look at the skills you have and the skills you need and where the gap is.  For example, you will need a lot of what I call base knowledge of a lot of skills. So you're going to need some base knowledge of marketing, some base knowledge of accounting or bookkeeping, some base knowledge of sales.

One of the things I learned early on in real estate investing or maybe not early on enough or maybe not soon enough, is figuring out what you're not good at and, and what you want to outsource or what you want to get other people to do.

Hi there, I just want to take a few minutes to talk about what we're going through here. In today's economy, there's a lot of things happening around that with this whole pandemic and it's really going to affect the economy.

Hey everyone, today I want to talk a bit about the skills that you need to be a competent or a good real estate investor. I think there are about five major skills and are not skills that you think you would need.  The first one is marketing.  You need to be able to market to bring deals to you.  What I mean by that is you need to go out and you need to do the types of general marketing. You're going to be doing online marketing. You're going to be marketing by networking. That's a big part of it. You're going to be going out and talking and meeting with people. Building up relationships.

If you're carrying a lot of debt and your credit score is impacted as a result of carrying that debt, what you want to do is you want to put together a credit repair plan.

Another thing you need to do when getting started in real estate investing is to get your personal situation in order.

How to Analyze Your Credit ScoreOne of the things you want to do is learn how to analyze your credit score. As I said in another video, it may come in handy that you want to have a good credit score so that she can get some short term cash. So there's a number of things that they look at when analyzing your score. When I say they, I'm talking about TransUnion and Equifax. They are the two big credits credit analyzers or credit bureaus.

Find out what to do to take advantage of this upcoming recession.

I hear people compare real estate and investing with other types of investments like stocks and bonds. And you know, they say, well, I have this investment or I have a stock that made me 10% or 20%.You know, real estate is crazy. You can make upwards of 100% on your investment. And the way you do that is through the different types of returns that you're going to get on your investment. Sure. You might think that cash on cash is one of the only returns, which is how you measure stocks and bonds, right? There are some that also provide dividends and some that provide a capital return on investment, meaning you get money back when you sell it through increased value. But with a real estate investment, the way you get 100% return is through a combination of the three different ways to make money in real estate investing. AppreciationNumber one, through the appreciation or through the increased value of the property. So if you buy a property, you put 20% down; it only has to go up in 20% to get 100% return.So for example, you buy a property, let's say it's worth $100,000, and the value of it increases to $110,000 or $120,000. And if you had put $20,000 down, you just made a 100% return. Now, that doesn't normally happen in the short term. So that would happen over whatever the appreciation or the average appreciation of properties are in that timeframe. RentsThe other thing that happens during that time is you're also making a return through the rents. Meaning the amount of money you charge for rent should be greater than the amount of expenses you have. That difference, that gap is the difference, is your profit. That amount of money coming in is also a return on your investment. Mortgage Pay DownAnd the other thing that happens is that you're paying down your mortgage every month. So you're paying down the principal. Over time that mortgage is getting paid off. So the three ways in which you're contributing to that 100% return in real estate is through appreciation, through a monthly profit, and through your principal paydown. And that's how you can make 100% return on your investment. … or more.

Why is real estate investing the best way to make money - the best investment that’s better than any other type of investment out there? The first reason is, and people say this all the time, is they're not making any more of it. People are always going to require real estate to live in and to work in. Whether you buy residential properties or whether you buy commercial properties or raw land - whatever, the investment. Raw land is a bit different though. I wouldn't say that's the best investment, right? Or even a good investment.The reason why a real estate investment is the best investment is it's something that people are always going to want. You can make money from Real Estate Investing in several ways. You can force appreciation. The return on property appreciation is huge because of the way you can leverage your investment. For example, you can buy an investment property, let’s say a rental, and let's say you're required to put 20% down. For your investment that costs $100,000, you only need to put down $20,000. If that investment goes up 10% over the next year or two, whatever the timeframe if it goes up 10%, that investment's now worth 110,000. You only put 20,000 down. Therefore you've just made a 50% return on your investment. Not to mention the ongoing profit that you're going to make from that investment, by the difference between what you're paying for mortgage and expenses and what you're charging for rents. And hopefully, that's a positive difference. And that's what creates positive cash flow. Another reason why real estate investing is the best investment is because in normal times you get what's called appreciation. Meaning your property will increase in value naturally. While your property is increasing in value, you're also paying down the mortgage through mortgage payments, if you have a mortgage. The mortgage pay-down combined with appreciation will actually increase the equity and the overall value of your investment through the difference between what your property is worth and what you owe. So those were a few reasons why real estate investing is the best investment.