Elle McGhee shares three strategies for building wealth in real estate: prioritize finding the right deal before worrying about capital, build relationships with contractors and lenders, and play the long game instead of chasing hype.
Here are 3 things developers never tell beginners. Number 1, the deal is more important than the money. A lot of people think they can't get started because they don't have the capital, but experienced developers know good deals attract money. Number 2, most of development is relationship. Your contractor relationships, your city relationships, your lender relationship, and your partnerships. That's why networking matters so much in this business. 3. Patience matters more than the hype. A lot of people want fast money, but development is really about long-term vision. The people who win in this space are usually the people who stay consistent longer than anybody else. And honestly, and honestly, I wish somebody would explain these things to me earlier. So look, if you're serious about learning development and how it actually works, comment the word "build" and I'll personally send you the link.
