Three real estate investors share advice for beginners: find your emotional "why," master ARV and rehab costs, and commit to your first deal. Mindset and creative financing matter more than capital.
Where are you headed? And then up front, decide how you're going to get there. If your why doesn't make you cry, it's not big enough.
A lot of the bottlenecks in the business are going to be coming from your ability to change your mindset and upgrade your talent. It's always going to be you.
If you know the ARV and the rehab numbers, everything else will fall into place. This guy came all the way from New York. Let's give him a round of applause.
So I don't care how you get there, whatever you got to do, go through the process, get your first deal.
You cannot go anywhere else because creative finance is the easiest way to get a deal.
Let me ask you, you want to work for somebody building this, or do you want to build this?
Honestly, your success as an investor is really based on how much effort and curiosity you want to put into this.
For 6, 7 years I've known Jerry. Voice memo him, ask him questions, follow what he's doing, emulate what he's doing. You hang out with people that are doing it and are one step, two steps ahead of you, and you will learn through osmosis.
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