Investing come down to THREE things: Time, Money and Skills

[Logan M.]

People trying to break into real estate investing reach out to me on nearly a daily basis. 

One of the biggest takeaways from these conversations is the disconnect between what it actually takes and what they are willing to do. The same can be said about many aspects of life.

I have tried to simplify my investing framework into three categories: Time, Money, and Skills.

They are all a leg to a three-legged stool, every deal requires all three.

As a new investor, you need to know which of the three you can offer and if you can't invest any of the three then you are not willing to do what it takes.

Time can equal learning skills, making money, or putting in sweat equity. You don't need to know how to do plumbing to increase the value of a home just think of cleaning up a yard or putting in the work to find the deal.

Money. You can use it to purchase other people's time and other people's skills.

Skills are what every investor should focus on because there is a lot of money in this world. If you can find the right deals and know how to maximize the returns confidently you can find money. I have made a lot of money being an operator, millions of dollars because I have the skills to successfully execute a project.

As a new investor, you have to make sacrifices today to get what you want tomorrow.