Epic Real Estate Investing - 4 Real Estate Investing Tips for Cash Flow | 913

Episode Date: January 30, 2020

Does your fear of building your real estate portfolio hold you back from becoming a real estate investor? If yes, our Turnkey girl, Mercedes has a remedy! Stay tuned as she shares the dos and don’ts of REI and reveals the 4 key tips on how to invest to make cash flow.   Learn more about your ad choices. Visit megaphone.fm/adchoices

This is Terrio Media. Success in real estate has nothing to do with shiny objects. It has everything to do with mastering the basics. The three pillars of real estate investing. Attract, convert, exit. Matt Terrio has been helping real estate investors do just that for more than a decade now. If you want to make money in real estate, keep listening. If you want it faster, visit R-E-I-A's.com.

Is your fear of building your real estate portfolio holding you back from becoming a real estate investor? I totally get it. I'm going to share with you the do's and don'ts of becoming a real estate investor. My name is Mercedes Torres, the turnkey girl, and I help busy professionals create passive income through real estate investing so they can retire even sooner. When Matt and I started creating our real estate portfolio, we started from really nothing. He was a real estate investor. I was in the world of mortgage banking. I didn't know anything about real estate because we were both on the other side

of real estate investing. Becoming a real estate investor is completely different. And we learned the hard way. Through the school of hard knocks, we did all the wrong things. Why? We didn't have a mentor. We didn't know who to ask questions to,

nor did we even have a plan. So we couldn't focus on anything. I'm going to share with you the do's and don'ts of becoming a real estate investor and how to jump into this world that everyone thinks is so scary. It's not. I'm going to show you.

Rule number one, when you decide to get involved in real estate investing, be crystal clear on the reason why you're doing it and focus on the goal. There's a reason why you are getting involved in real estate. Could be you want to make more money. Could be you want to pay for your son's college education, or maybe your daughter's wedding.

Focus on that reason and keep your eye on the prize. If it's cash flow or tax deductions, be crystal clear before you jump in. Number two, don't go and reinvent the wheel. Tons of people have done real estate investing. Go find that one person that's focusing on the one thing you want. Cash flow? Find that real estate investor that focuses on creating cash flow, go see what they're doing. Go even ask if you can be their mentee. Take a risk,

do something different. You will create different results for yourself. And number three, if you're doing real estate part-time, which let's face it, most of us start our real estate journey doing real estate part-time. But if you're doing it part-time, really focus on the activities that are going to produce a result for you. Again, if you're reason for a real-estead estate is cash flow. Focus on those items that are going to produce the most cash flow for you. And if you need help, well, that's what you have your mentor for. And number four, oh, my favorite. Think big. Don't think mediocre thoughts. Think that you can actually create what you're envisioning on creating. If it's one property a year or five properties a year,

keep your eye on that big picture because I promise you and I speak from experience. I did it myself. I started with one. It doesn't matter how many I have. But I focused on the big picture. It was the goal of creating passive income so I don't have to work. So if you want more tips on how to create financial freedom through passive real estate income, go to cash flow savvy.com.

Download the frustrated investors guide to passive income where I'd show you. you how to create passive income for your financial freedom. This podcast is a part of the C-suite Radio Network. For more top business podcasts, visit c-sweetradio.com.