Regardless of where you choose to invest, there are two opposite ends of the investing spectrum when it comes to your involvement and required resources.
DO-IT-YOURSELF (DIY)
Do-it-yourself real estate investing puts all the risk and responsibility squarely on your shoulders. Typically that involves everything from sourcing the property, acquiring it, funding it, renovating it, managing it, selling it, and coordinating every other step in between.
What has always fascinated me about real estate investors is how differently we analyze rental properties. While we all use (mostly) the same ratios and numbers, the sheer number of available calculators, spreadsheets and other analysis tools is incredible. And it often takes a lot of trial and error to find the method or tool that works well for you.
I was honored to be invited as a guest on the FlipNerd Real Estate Investing podcast show with host Mike Hambright. (You can listen to the episode below.)
Mike has a great podcast with lots of interesting guests, ideas and tips. I had a lot of fun being on the show. It is a “must listen” podcast for new and seasoned real estate investors.
On the show we discussed in some detail each of my 10 Rules of Successful Real Estate Investing. We also covered a few other topics as we went off on tangents. Be sure to listen to the show.
Once again, I was honored to be invited back as a guest on the Investing Coast-2-Coast radio show with Pete Asmus and Ivan Oberon.
These two guys broadcast a great daily radio show and have a ton of fun doing it. It is a “must listen to” radio program for new and seasoned real estate investors.
On the radio show we went into depth on each of my 10 Rules of Successful Real Estate Investing. We also covered a few other topics as we went off on tangents. Be sure to listen to the program.
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When most of us think of investments we think of the stock market, maybe our retirement fund, and maybe that “business opportunity” last year with a colleague. It is easy to describe investments one-dimensionally; something we invest money in today that we intend to sell for a larger sum years later.
Investment real estate however builds wealth simultaneously four ways:
