4 Things you must know about buying / selling property from 4 people that would know.
Updated: Jun 3, 2019
1. "Find a broker before you find a property"
- Robert Kiyosaki
Robert makes one of the most important points and principles when it comes to purchasing property of any kind. Find an agent first. It does feel a little counter-intuitive but if you begin to articulate the process of buying property the sense adds up to become dollars. When you approach an agent who has the listing of your desired property it's like walking into nest of bears after rolling around in a big pile of bloody entrails. Straight into the belly of the beast. Look for an agent first. This unique individual unbeknownst to many can actually do some work if you know how to get them to.
2. "Mispriced property is very rare"
- Warren Buffett
Buffett's philosophy on investing in individual companies is similar to the one he applies to investing in real estate. Find investments that produce income, have long-term value prospects not currently being recognized by the market, and, once you buy them, increase their operational and managerial efficiencies to maximize recurring revenue.
3. "Real Estate is vital for creating income"
- Grant Cardone
At the age of 60 in the year 2019, Grant Cardone is famous as an internationally renowned sales trainer and as the bestselling author of "The 10X Rule" and "If You’re Not First, You’re Last." His primary venture, Cardone Training Technologies, provides Fortune 500 companies, small businesses and entrepreneurs with an interactive sales training platform.
Additionally, he has gained popularity for single-handedly building a massive real estate empire that has a present-day portfolio valuation of around $900 million. His investment vehicle, Cardone Capital, has been involved in more than $800 million in real estate transactions covering around 4,700 units of multi-family properties throughout many American states. Here is an overview of how Cardone built his multimillion-dollar real estate empire without raising external capital from anyone beyond his close family members.
4. "Real Estate is a blessing and a curse"
- Dave Ramsey
Ramsey, America's trusted voice on money, is a National best-selling author and radio host. Learn to budget, beat debt, & build a legacy. He speaks about the pros and cons of purchasing real estate early. Especially when you can't afford it. Dave is known to also be a very popular voice amongst the millennial in giving them advice on when and when not to get into the real estate market.