In real estate investing, every decision costs money. How do you avoid making the mistakes that can derail your business? How can you make sure you’re maximizing your expenses? How do you build a business that runs 90% on autopilot? On this episode, real estate investor Larry Goins shares his top real estate investing strategies.
In real estate, the difference between making the right decision and the wrong decision is tens of thousands of dollars. -Tom Cafarella
- If you spend on direct mail, you have to have a strong nurture follow up campaign.
- If you want to succeed in real estate investing learn how to analyze a deal, line up your money and then start making offers.
- The biggest problem people have right now is deal flow.
At the start of the episode, Larry shared how he got started and what makes a good investor. “Real investors know a deal when they see one.” Next, we talked about virtual investing and some of the biggest misconceptions people have about investment deals. We also talked about how much a deal could cost you, and towards the end of the show we talked about the importance of knowing someone in the business.
Larry also shared insights on:
- Great leads vs. instant income
- The problem with deal flow
- The importance of analyzing a deal
- How to qualify leads
To become successful in real estate, you have to have the right expectations. Some of the best deals you’ll have will come from sellers you’ve never met before, and if you want to spend on direct marketing, make sure you have a strong follow up strategy.
Larry has been investing in real estate for over 20 years. Previously, Larry served as president of the Metrolina Real Estate Investors Association in Charlotte NC, a not-for-profit organization that has over 350 members and is the local chapter of the National Real Estate Investors Association. Larry is an active real estate investor and travels throughout the United States speaking and training audiences at conventions, expos, and Real Estate Investment Associations on his strategies for buying and selling houses. Larry has also written several books on real estate investing that are available wherever books are sold. Go to freehudbook.com for more info and to download the ebook.
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