10 Things I Wish I Knew Before Starting to Invest in Real Estate

This is a very personal recording of a class I recorded on March 10, 2021 for our real estate investor group in Northern Colorado.

In it I share some very failures and what I wish I knew if I was getting started investing in real estate in Minneapolis.

Here's my list of tips:

1. Not Get Rich Quick
2. "A great business at a fair price is superior to a fair business at a great price." – Charlie Munger
3. Reserves
4. Return QuadrantsTM
5. NomadTM
6. Focus
7. Grass Isn’t Always Greener
8. Past does not equal the Future
9. Deeper Understanding of Income and Expenses
10. Sharpen The Saw

Watch the video version of this class:

https://realestatefinancialplanner.com/10-things-i-wish-i-knew-before-starting-to-invest-in-real-estate/

Resources Mentioned

In this episode James mentions the following resources:

• First $100K Is The Hardest - Some more detailed information and explanation on why the first $100K is the hardest.
• Everything You Learned About Deal Analysis is Wrong - An entire class about using the Return Quadrants and reserves when analyzing deals.
• Return in Dollars QuadrantTM - Learn about the Return in Dollars QuadrantTM and each area of return on investment properties.
• Return on Investment QuadrantTM - Learn about the Return on Investment QuadrantTM and how much return you get from each area of return on investment properties.
• Cash Flow Power MeterTM - A tool to visualize how strong cash flow is on a property.
• The World's Greatest Real Estate Deal Analysis SpreadsheetTM

Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis SpreadsheetTM by going to:

https://RealEstateFinancialPlanner.com/spreadsheet

Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Minneapolis real estate investor podcast? Book a free consultation to discuss.