Is it worth it? #realestateinvestment #shortvideo #shorts #short #realestate

31 Oct 2024 · 1 min

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0:52

A short YouTube conversation where Steve D Valentine and a second speaker discuss evaluating whether a property investment is "worth it." They emphasize tracking all actions (buying, renovating, relisting, selling) as lead-generation opportunities, measuring direct monetary return (example: $10 profit vs. a $50 lead-value goal), and accepting near break-even ownership if it reliably produces leads — while avoiding major losses.

Chapters

When we're the real estate agent, we have that ability to look at the exposure of the property. Then you have to look at the work and go, hey, if I do all this work and I'm going to make ten grand, is it worth it to say, okay, how do I make 50 out of this in leads? So you have to keep that in perspective. Like, we only made 10 on here, but you should be able to track everything you got from here from the start to the finish. Right. And if you can make that and know that you're truly going to work it, then it's worth to own properties like this even if they're close to break even. Right. Don't. No massive losses. We don't want that.
Well, yeah, I mean, the goal would be for every action that you make on this house. So, like, buying that's an action. It should generate leads. Renovating it is an action. We should generate leads from that, even for Wendy's business. And then, you know, actually relisting it. That's action. To generate leads. Once you actually sell it, that's an action, and it should generate leads. So there's so many points in the process where you can be telling the story and it can be creating more business opportunities to help you make more money.