New real estate investors often skip building a trusted team and diversifying their money into separate buckets: liquid assets, capital preservation, and higher-return plays. Teams with hundreds of deals behind them help you sleep at night and actually protect your money.
Had we known about passive investing, had we known about passive investing from the get go, that we could find a team that we trusted that was already skilled and experienced and had the knowledge and years behind them, many hundreds of deals behind them, has proven track record. Had we known that we could invest with them and get a return on their money, we at the very least likely would have split our funds and said, hey, we have a bucket of cash. Let's take half of this and invest it in this way. Or we would have gotten on and sometimes a strategy call and said, and somebody would have taught us, hey, when you have money, you want to have different buckets. You want to have a bucket that is liquid so in case you need it, you've got access to it, you.
Have peace of mind, you can sleep at night.
You want a bucket.
That'S really focused on preservation of wealth, right?
You're not going to shoot for the moon with this bucket. You're going to probably.
Invest it in.
Real estate that's going to give you.
Really good returns.
But it's a solid asset class, it's not going to go to zero.
Physicians and High Earners — What Real Estate Can and Can't Do for Your Taxes
