Flipping Your First House

On this podcast episode, I talk about how new real estate investors have a tendency to focus on the wrong things.

Many real estate programs tell new investors to start out by setting up their LLC's, opening checking accounts and setting up their website and business cards.

As a new real estate investor, the only thing you should be focusing on is making money. The most important thing as a new real estate investor is to focus on action steps that will make you money. Any items that will not make money should not be your focus since the longer it takes you to make money the more likely you are going to want to quit.

When you wholesale your first house and deposit that check in your bank account is when you realize that this business of wholesaling is real.

Until that moment of making money, it is all theoretical. It is something that other people are doing. It is something you heard at a seminar or on a podcast. But when that check gets deposited into your bank account. When you can pay down your credit card debt, then that is when you realize how real it is.

Once you make money flipping your first house, after you deposit that check is when you begin to realize how you can replicate the action steps that you took to make money.

At that point, all you have to do is do the same action steps over and over again. And when you come to that realization, and you start making real money, then it won't be too long before you start thinking about quitting your job and focusing on real estate full time.

The key point is to focus on action steps that will make you money.

Enjoy the podcast!