Ep 008 – Opening Up Possibilities Through Real Estate With Mike Schlichte (Part 1)

Find out more about Mike Schlichte Twitter: @MichaelSchlicht Facebook: facebook.com/pages/Absolute-Real-Estate-LLC/163583260369921 Website: absoluterehomes.com Check out Part 2 of our interview with Mike Opportunities in Real Estate and the Coming Gens With Mike Schlichte (Part 2) Points Not having the capital for a down … Continue reading →

Find out more about Mike Schlichte

Twitter: @MichaelSchlicht

Facebook: facebook.com/pages/Absolute-Real-Estate-LLC/163583260369921

Website: absoluterehomes.com

Opportunities in Real Estate and the Coming Gens With Mike Schlichte (Part 2)

Not having the capital for a down payment is not necessarily a show-stopper for real estate investment.
If you have the education, there are people who have the money to invest in your deal/project.
“The deal of the century comes around once a week.”
You don’t have to fake it until you make it.  You only have to invest in your education.
Being real is valuable to smart people.
Flipping is a one-time job or project.  Owning a rental property is an investment.
When buying a rental property, look for one that has upside built-in, too, so that if you don’t like the investment, you can have a decent exit strategy.
Being diversified in your investments is good, with a mind kept to where your strengths are.
The game of real estate is a game of information.  Whoever has the most information will get the best end result.
Getting a real estate license will likely benefit people looking to buy more than 1 or 2 properties a year, due to savings on real estate commissions.
An associate broker (beginning level) must be tied to a qualifying broker to operate.
A property manager can be beneficial to scaling your rental portfolio.
Plan to pay a property manager when buying your property.
To find a good property manager, look for someone who is responsive, even to your initial contact attempts.
“You make the profit when you buy.”
Many millenials feel adverse to real estate investment, but there is a great deal of opportunity for those who are willing to be smart about money.

Watch for the next episode coming in only 1 week!
Find out more about Mike Schlichte

Twitter: @MichaelSchlicht

Facebook: facebook.com/pages/Absolute-Real-Estate-LLC/163583260369921

Website: absoluterehomes.com