Investing 101: Tips From Over 30 Years of Experience in Real Estate || Garrett Peers
Investing in real estate can be very rewarding, especially when done out of passion. Garrett Peers has been in the real estate game for over 30 years, and he joins Pauric and Lisa in this episode of the Solid Foundation Podcast to share more about his secret tips to success. Through real estate, Garrett found a way to express his creativity by buying run-down buildings and adding value to them, bringing life to once a lifeless property.
Garrett shares that one of the secret cards to his success is having the right team of contractors, engineers, a legal team, and surveyors. Though finding the right people takes time, mentorship can come in handy. No matter your experience level, having a mentor, such as a property investment coach, is crucial. They can guide you through the complex aspects of real estate investing and help you avoid common pitfalls.
Additionally, it is important to experiment with different investment strategies, especially less popular ones, and learn through experience. Making mistakes is part of learning and helps you become a better investor. Garrett also emphasizes that success in real estate is not just about who you know but who knows you. Your success depends on the places you go, the rooms you enter, and the people you meet. Building a solid network is essential because, in real estate, your network truly is your net worth.