Entry Level Real Estate Investing

The Money Blog

Transforming the fixed poverty mindset to a growth abundant how can I approach!


#athlete #financialliteracy #makemoneymakemoney #nil #realesstateinvesting Jun 03, 2024

πŸŽ™οΈ You just secured your first Name Image and Likeness (NIL) deal and you’re pumped!!!  Chances are this is the most money that you have seen in your entire life.  But what are you going to do with it?

πŸŽ™οΈ Make sure you have the financial literacy to make good decisions that will set you up for the future.  I know it’s a lot of money right now but inflation is real.  Everything is expensive! 

πŸŽ™οΈ Millions of people have used real estate to make their money make money for them over time.  YOU ARE NO DIFFERENT!  All you need is the knowledge of how to get started investing in real estate.  

πŸŽ™οΈ People say don’t invest in anything that you don’t understand.  I agree with that.  However, that’s where I want to teach you how to invest in real estate.  Once you have the knowledge, no one can take that knowledge away from you.  

πŸŽ™οΈ What’s your big goal?  What do you want to accomplish?

πŸŽ™οΈ Real estate is the slow game much like football.  Just a few yards at a time, continuing to get first downs until you score!

πŸŽ™οΈ Chances are there were boarded up houses in your old neighborhood.  What if you purchased one of those houses, partnered with someone to renovate that house and moved your Mom into that house?  What if you bought a duplex or a four unit building?  That’s what I love about real estate.  Real estate gives you options!!!

πŸŽ™οΈ Getting prequalified lets you know how much money the bank is willing to loan you to invest in real estate.  Even though you have some money, if we can leverage using other people’s money then we definitely want to take that route.

πŸŽ™οΈ Then you need a team.  You’ll want to work with an investor friendly real estate agent.  An agent that understands investing in real estate and running the numbers.  They will help you to understand that you make your money when you buy property.   

πŸŽ™οΈ As an athlete, you understand the importance of working with a team of qualified individuals to score.  The same is true with real estate.  You’ll need an investor friendly real estate agent, real estate attorney, accountant, property manager just to name a few people that you’ll need on your team.  

πŸŽ™οΈ The property value today will be so much higher 10 years from now.  It’s a beautiful word called appreciation!

πŸŽ™οΈ The interest rate is going to be high!  Once you understand real estate, you can make a move regardless of the interest rate.  The first property that I bought in 2002 for $89K was a hot mess in a great neighborhood.  The interest rate back then was 7%.  That same property is worth $220 - $240K!  (That’s appreciation!). 

πŸŽ™οΈ Another beautiful word is ‘equity’!  It’s the difference between how much you owe versus what the property is worth.  For example, if I owe $35K and the property is worth $235K then the bank will let me borrow money against that $200K that the property is worth.  ($235,000 - $35,000 = $200,000 worth of equity.). 

πŸŽ™οΈ Let me teach you how to use your NIL money to invest in real estate so that you too can win off the principle of investing in real estate.

πŸŽ™οΈ Let’s work together to help you stack some NIL money so that you can use it to invest in real estate.  I want to help you to understand real estate so that you can begin investing in real estate so that you don’t waste your NIL money.  When you’re ready to retire you’ll be thankful that you invested in real estate! 

πŸŽ™οΈ Don’t waste your NIL money, let me help you to invest in real estate!