Epic Real Estate Investing - 3 Steps to Getting Started in Creative Real Estate Investing | Financial Freedom Friday

Episode Date: February 28, 2014

As with getting started in anything worthwhile, the initial steps can often be the most important. Getting started right cannot be underestimated. Real estate investing, creative real estate investing specifically, is one of those worthwhile things. Listen in as Matt Theriault shares with you 3 important steps to getting started in creative real estate investing. ------------------------- Download Matt's free real estate investing course "How to Do Deals | No Money Required" atFreeRealEstateInvestingCourse.com or text FreeCourse to 55678 "Click" what interests you most:   Education Properties Income Coaching Learn more about your ad choices. Visit megaphone.fm/adchoices

It's time for Financial Freedom Friday with Matt Terrio. Many believe real estate investing is for people. It's only for people with a lot of cash in the bank and super duper credit scores. That belief, though, couldn't be further from the truth. Not to mention, if you have that belief, that could be devastating to your real estate investing potential. There's just so much more to real estate investing than the conventional approach of bank financing and 20% cash-down payments. You see, the, the world. world of creative real estate investing, that's a world of which anyone can participate, regardless of

money and credit resources. But in order for it to work for you, all you have to do is just make a decision and a commitment to work it. As an educator, it never ceases to amaze me by how many people looking to join the ranks of the pros in creative real estate investing. Well, we'll jump into a new strategy. They try it out for a few weeks. And after they realize they haven't produced their overnight millions, they jump into a new strategy. And I'm really sorry. I'm sorry to tell you that there isn't a strategy in real estate investing that will make you rich overnight. However, I'm happy to tell you that you can get rich investing in real estate much quicker, and I think even easier than just about any other option

available. All you have to do is learn how. And that's step one. Learn how. You know, There are an abundance of how-to books in the realm of creative real estate investing. As well, you'll notice there, there's no shortage of infomercials and audio programs and podcasts, online programs, workshops, boot camps, academies, all of these places competing for your dollar to show you how to invest. No shortage of them. You know, some programs that are more credible than others, but what I've come to know after experiencing so many of them is that they all provide good information for the most part. And I continue to educate my myself as you know you're never going to know everything and more importantly as the

economy in the real estate market changes so do the rules of the game so to be successful in creative real estate investing for the long term just make a commitment to ongoing education and I say that because the investment that I've made that I continue to make in my education is by far and away my greatest investment ever so to help you out a little bit what separates the good educational programs from the bad in my opinion is the free and post-education support. So you want to look for that.

The better the support system, the easier it will be for you to bridge that gap between the classroom and reality. Which brings me to step two. You got to do. Step two is do. Adopt this philosophy of just doing it. And success, it's going to be yours. Make a commitment to move at the speed of instruction.

Meaning when the instructor tells you mail postcards to generate leads, do it and do it right now. Or when the book suggests you join a real estate club to network with, do it now. Do it when it's suggested. Or when the audio program advises you to analyze 10 properties a day, do it and do it right now. Do it as soon as you are instructed to do so. That's what I mean by moving at the speed of instruction. Creating real estate investing, it's one of these unique industries that under the right mentorship of which when you travel as far as you can see when you're moving at the speed of instruction, when you travel as far as you can see, when you get there, you'll see further. You don't need to know everything before you can begin.

So get real clear that you'll never know everything because you won't. Because if you wait for that moment, you're never going to get started. So move at the speed of instruction, ask questions as you go, and notice what's working and what's not. And, you know, that actually brings us to step three. Receive feedback. Step three, receive feedback. And this is what I mean. You know, after eight years of full-time real estate investing, I've come to know that every

completed transaction had a brand new lesson right there within. I learned something from every single transaction. After each transaction that you complete, just make a note, whether written or mental, of what worked and what didn't. Do more of what worked and stop doing what didn't. There are no limits to creative real estate investing, and I guarantee you will learn invaluable wealth-building lessons in every single transaction. So the first part of receiving feedback is from your actual results. The second part of receiving feedback is by networking with fellow investors and sharing your experiences. There's a lot to be learned from others' experiences. Join a local real estate investing club and make it a habit of swapping war stories, if you will. You're going to gain

insight that all the books and the audio programs and seminars and YouTube videos combined that none of those all combined could provide. So in summary, one, never stopped learning. Two, do and move at the speed of instruction. And three, welcome feedback and learn from it. These three steps are going to get you started on the right path of becoming a creative real estate investing success. And in closing, if at first you don't succeed, just do it again and again and again until you do. Don't be so quick to utter this strategy doesn't work and jump to a new strategy. Pick a strategy initially that interests you and just stick with it.

Conversely, if at first you do succeed, don't be too surprised either. I'm Matt Terrio of Epic Real Estate, and this has been another episode of Financial Freedom Friday. See you next week. Simons has your holiday outfits sorted. Be ready to wow in a wardrobe designed to celebrate the season. Revel in luxurious velvet, shimmering satin, elegant silhouettes, and sparkling details. Whether you're going full glam or keeping a casual, you're sure to shine bright in our festive party wear. no matter the dress code. Just RSVP yes and let style carry you into the new year with Simons.

You've seen Kelowna change over the years, and it's growing faster than ever. The city is working to make sure enough homes are being built for people of all incomes and stages of life. But growth isn't just about more buildings. It's about building community. Every new project helps us fund the things that matter most, safe and dependable infrastructure, transportation options to keep us moving, and beautiful parks where we can relax, play, and connect. Kelona is growing with purpose. This podcast is a part of the C-suite Radio Network. For more top business podcasts, visit c-sweetradio.com.