Epic Real Estate Investing - A Secret to Becoming a Full Time Real Estate Investor | Financial Freedom Friday

Episode Date: February 20, 2014

With just one primary focus (plus the actions to back it up), a full time business as a real estate investor is yours for the taking. Real estate has created more millionaires and billionaires than any other industry, and by implementing what Matt shares with you today, you could be next. ----------------------   If you have a question you'd like Matt to answer live on the show, call the Epic Real Estate Hotline at 1-888-891-7203 Download Matt's free course How to Do Deals : No Money Required at FreeRealEstateInvestingCourse.com, or TEXT FreeCourse to 55678 Don't have a buyers list yet? Borrow Matt's until you do at EpicWholesalers.com Get "done for me" income properties with "guarnateed cash flow" at CashFlowSavvy.com Hit the streets and join Matt in the field in one of his cash flow markets at EpicRealEstateTour.com Subscribe to Financial Freedom Fridays on Matt's YouTube channel by visiting EpicREI.tv Subscribe to this podcast and access all episodes at EpicRealEstateInvesting.com Learn more about your ad choices. Visit megaphone.fm/adchoices

It's time for Financial Freedom Friday with Matt Terrio. The secret to real estate investing being a full-time gig for you. The type of secret that you're not going to learn in a seminar is ABE. A-BE is the secret to real estate investing becoming that full-time business for you. And it's not so much a secret strategy as it is a secret concept, if you will, for where it should be your focus. It's a very simple business model that should you maintain it, failure will virtually be eliminated. ABE stands for always be an escrow. See, I interact with a large number of real estate investors, novice and accomplished alike,

and I see a high percentage of them making a very big mistake. I see many of them doing the right activities. They do all the right stuff. They're out there prospecting for distress sellers. They're marketing for pre-foreclosures. They're getting their hustle on at the real estate investor club. They're blanketing the cities with their bandit signs and flyers. They're doing all the right stuff.

But very few execute those activities with real intent. And that intent is to open escrow. And should they happen to open escrow on a deal, they fail to open that next escrow until the previous one is closed. Having one escrow open, that's good, right? That's very good. It's a good start. But perpetually nurturing that one escrow, like it's your firstborn, making sure that no harm comes to it,

that can be a recipe for you. for a very turbulent, stressful career. You see, once that escrow does close, it's right back to the hustle starting from square one. And always returning to square one, that's bad enough. But what happens in the event that that escrow does not close and you have nothing lined up behind it? You don't have anything else in escrow.

Your investing career will be very short operating in such a way. The stress that accompanies a real estate investing business like this, it's going to take its toll. Many investors that they operate this way and eventually end up saying things like, this doesn't work, or I'd rather have a job. Don't be that investor. We know real estate works. We know what having a job is like, too, don't we?

Yeah, the grass is definitely not greener on that side. You see, real estate, it's the final frontier where the average person has a realistic chance at escaping the rat race and building some real wealth, too. Assuming we agree, a very simple focus to assure your real estate investing career is a success, is to always be an escrow. So here are three reasons. ABE is a great concept to practice. One, in most cases, it's impossible to get paid without escrow.

You've heard the old axiom, we've all heard this, you make your money when you buy real estate and you get paid when you sell it. But you're not going to be doing much buying or selling without escrow. Second reason, by always being an escrow, you know there's a payday ahead. When you know there's a payday coming, you can relax. You're not so desperate or frantic all the time. You think clearly because you're not so stressed out about how you're going to pay your bills. When you're relaxed and thinking clearly, you make better decisions.

The third reason this is a good concept to practice. It's the best hedge against misfortune. Face it. in real estate done correctly is the most secure form of investing there is. However, there are a lot of moving parts to a real estate transaction and numerous things can go wrong. And often they do. Every once in a while something happens to which there is no remedy and the deal just falls through. It dies. Not to worry though, because you're always in escrow. I'm Matt Terrio of Epic Real Estate and this has been another episode of Financial Freedom Friday. See you next week.

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