Real Estate Investing Takeaways

[Carlos Gonzalez]

I’ve been in the real estate investing game for a while now, focusing on flipping houses and providing private money lending through my business, CG Real Estate Ventures. Along the way, I’ve learned some hard (and expensive) lessons, as well as found strategies that work well.

One of my biggest takeaways: The power of networking and building strong relationships. Whether it's finding deals, securing funding, or learning from others’ mistakes, the right connections have made all the difference in my success.

I’d love to hear from you all—what’s been the most valuable lesson you’ve learned in your real estate journey? Whether you’re flipping, buying rentals, or lending, let’s share some insights and help each other grow!

Looking forward to the discussion!

[Becca F.]

I have many takeaways but here are my main ones:

- The projected numbers on a spreadsheet are often not reality. Renovation costs run over and ARVs are often exaggerated.

- Out of state investing is far more difficult and costly than it appears. I have talked to so many California investors who have bought in inexpensive markets that have lost money on "cash flow on paper" properties, including myself.

- Get feedback from local investors, property management companies, and contractors. Verify an agent or wholesaler's numbers

-  Have an unbiased party (maybe an experienced local investor) walk the property and video it in detail if you can't walk it yourself before making an offer.

- Quality over quantity. I'd rather have 5 solid appreciating properties than 20 inexpensive properties.