Whether you are searching for alternative ways to pay off debt or looking for wealth building strategies after reaching debt-freedom, there are particular business opportunities that ought to be carefully considered. Entrepreneurial ventures may be scary but when initiated with wisdom and systematic strategies, it can be rewarding in the long run.
We fired up question after question to our guests, John and Richelle, on today’s episode of The His & Her Money Show, to exemplify their success with real estate investing. They get to talk about their share of ups and downs, the things to avoid in real estate investing, and how you too can be successful in this business.
Real estate can be an exciting, enticing, and at the same time a very overwhelming endeavor. You can gather just as many success stories as failures from people who delved into real estate investing. There are many essential factors that need to be considered, which can be easily overlooked by first timers in the real estate investing world. By identifying accomplishments and mistakes done in the real estate business, beginners will be equipped with the knowledge needed to increase their chances of success with real estate investments.
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Real estate may not be for everyone. But John and Richelle talk to us about how to make the business fit for each individual, getting into the business as a couple, balancing lifestyle with the business, and making real estate less scary–all with an emphasis on following through tailored systems.
John and Richelle provide tons of information and resources on their website: LifeLibertynProperty.com. They have articles, blogs, tools, courses, and Buying Freedom podcasts, as they share their wealth of knowledge in real estate in any form they can.
What You Will Learn In This Episode
- John & Richelle’s advice for couples who want to begin investing in real estate.
- Mistakes to avoid when getting into real estate.
- Their tips on building strong systems for real estate investments.
- Some guidelines to renovating homes when investing.
- Why volunteering for Habitat For Humanity helps you build your knowledge and skills for renovating homes.
- How to be strategic in finding locations for your real estate plan.
- The tiers of marketable locations.
- Their tips for newbies on how to get strategic with their plans for real estate investment.
- Words of encouragement for people considering real estate investments.
Resources Mentioned In This Episode
- Top 6 Mistakes When Investing in Buy & Hold Real Estate – by John and Richelle
- Creating Your Real Estate Investing Business Plan – by John and Richelle
- Real Estate is Brick and Mortar — by John and Richelle
- Property Evaluation Tool — by John and Richelle
- John and Richelle’s Real Estate Coaching Program
- How Your House Works — by Charlie Wing
Thank You For Listening!
Thanks for tuning into us on The His & Her Money Show. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.
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Special thanks to Clearpoint for sponsoring our podcast. Clearpoint Credit Counseling Solutions (CCCS) has been providing consumers with budget, debt, and housing advice for 50 years. Clearpoint’s counselors help consumers identify the causes of their individual financial problems and make a plan to address them.
