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Updated almost 4 years ago,
YOU ARE NOT A REAL ESTATE INVESTOR, your a marketing agency
Are you jJust starting out in real estate and want to know the key to success? The key is marketing. If you have millions in the bank, screw marketing. Put your money to work in rentals or syndication and be a "real estate investor". However, if you only have enough funds to purchase 1 house, or if you have no funds at all, spend your time learning marketing. YOU ARE NOT AN INVESTOR if you don't have cash.
The key to quick cash or building up a rental portfolio is getting the deals. Unlike what all the coaches and infomercials teach, you cannot simply go online and buy some software and pick and choose which deal you want to get. Deals only come one way and that is by marketing. So, if you want to someday be a real estate investor, first become an expert at marketing. While their are hundreds of things an investor should learn like choosing the right corporation type, running comps, cost of flips, etc etc, all important. Learn these later. First, get the deal. The logical step is, well if I get a deal, how do I know its a deal. STOP. Start marketing first :). It's so easy to jump around in this business and focus on a thousand different things. Don't fall prey. Focus on marketing, get some marketing out the door (text messages cost $0.0075 and $0.15 to get the number). Deals are hard to come by so get practicing and focus on nothing else.
I bought hundreds of homes my first year after leaving my corporate job and marketing is 100% the reason why I was able to do it. I'll repeat myself. I love bigger pockets but would strongly suggest not to try and learn it all. Just learn marketing and it's almost impossible not to succeed.