Real Estate Investing When Should You Invest In Real Estate


Dan Lok


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- I don't think you should invest in real estate when you've got no money. (posh music) I think real estate is a great way to hold your wealth. You should focus on building your business first. Because at the end of the day, real estate is very capital-intensive. So even though you can use bank's money, you could use leverage, but it's not a very scalable business. Example would be, if you don't have a lot of cash coming in, and you want to have $2000, $3000, $5000 a month, in positive cash flow, you need to acquire quite a substantial amount of real estate in order to do that. Versus a business, to make three, four, five, 10,000, 20,000 is much, much easier. So my recommendation, and this is just my philosophy, and probably a lot of people would disagree with me, is you build your business first. And when your business throws off so much cash, and you have reinvest a lot of profits into your business to grow, and it's now throwing off more cash, then you take that money, that extra cash, and then you can put into real estate. It doesn't have to be real estate, it just happens to be what I like. But some kind of high return investments. If you follow my work, you know that I teach a concept called The Wealth Triangle. You can click on the I-button and watch that if you have not watched that. And I believe you build your scalable business first, and then you can invest in high return investments. So, with real estate, it doesn't matter what it is that you do, when you do it as a business, when you use it try to generate income there are people who generate income with real estate such as the fixer-upper, they buy something, they fix it up, and they sell it, kind of like a flip, or they just flip a property. They but it and just flip it for quick cash. That's fine, you make the cash, but in order for it to grow, then you gotta buy the next property, and then you roll that into the next property. And some people do very well over long term, they do it many, many, many times. I think it's easier and fast to create wealth when you have a business that makes you money, you take that money, and you put into real estate. Because after you invest in that piece of real estate, your business still making you money, you buy the next piece of real estate, and then you buy your next piece of real estate. It's much, much easier to accumulate and build your net worth. Before you go, what I recommend is this: Don't wait to by real estate, buy real estate and wait. So when is it the best time to buy real estate? It's when you have so much money. When you have so much cash coming in from your business, take that money, put that into real estate, because long-term, if you buy right, you will become very, very, very, very wealthy. And even your business goes through ups and downs, maybe in the future you will sell your business, that's okay, because the real estate portion, that's your investment. That's your personal investment, that's your long-term retirement. That is what's gonna get you to that financial abundance to get to a place where you don't have to worry about money again. Until next time, I gotta go, I'll see you in my Bentley.