Have you ever wondered what it takes to invest in real estate?
This episode features an in-depth conversation with Brian Penn, a seasoned real estate investor since 1995. He shares his strategies for success and the importance of adapting to the ever-changing market. He provides insight into the challenges and opportunities available today in real estate investments and advises on how to get started. He suggests ways to invest without money and recommends looking for rundown properties and networking at real estate investment clubs. Tune in for a detailed conversation packed with valuable advice on how to start or grow your real estate investments!
[00:01 - 07:18] Opening Segment
• Brian's background in real estate investing
• The markets are constantly changing, so education is critical to success
• The importance of adapting, improvising, and overcoming obstacles in real estate investing
[07:19 - 13:57] Unlocking the Possibilities of Real Estate Investing
• The Real Estate Investing for Beginners book
• Two types of investing: hands-on and hands-off
• Join real estate investment clubs to meet other investors and learn more about it
[13:58 - 21:01] Discovering Your Motivation
• How self-awareness can help you succeed in real estate investing
• Most real estate is talking to people and understanding their problems to find a solution
• Self-awareness is essential to determine which direction you take in real estate investing
• Land investing provides an intriguing space with less competition than other verticals
[21:02 - 33:32] Closing Segment
• The impact of China Evergrande collapse on US investors and how to respond
• Tax liens and bird-dogging are two ways to invest in real estate without having a lot of money
• What will have an impact on the world's economy, and US investors need to respond accordingly
Connect with Brian:
Website: Real Estate Success 4 U
Key Quotes:
“The more self-aware of what your motivations are, the easier it is for you to choose a path." - Brian Penn
"You adapt to the environment, and then you improvise whatever you need to do or learn, and then overcome the obstacles that are in your way.” - Brian Penn
“You have to be really honest with yourself, and that'll determine what direction you take off or go in real estate investing.” - Brian Penn
WANT TO LEARN MORE?
Connect with me through LinkedIn.
Or send me an email at sujata@luxe-cap.com
Visit my website, www.luxe-cap.com, or my YouTube channel.
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