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sugarinherdixiecup · 4 years

Text

Finest Tips on How To Make Money in Real Estate

Are you ready to get started in properties investing, but not sure where to begin? Afraid to make a HUGE Error?? Stuck with the Paralysis of Analysis??? You are not alone! Most of real estate investors had to spend countless hours at the beginning of their committing careers researching the various strategies trying to figure out where they should start off. While there is no single right answer for everyone, there are three or more key questions every potential investor needs to ask: one How much TIME do I have to invest? 2 . How much MONEY does a person have to invest? 3. How BIG and FAST do I really want my business to ultimately grow?? A Great way to start any specific venture is by having an END Goal in mind, then laying out a thought to go get it! Even if you have to make changes along the way - which you will, the "getting there" is a great part of the exciting. Real estate investing can do anything from learning how to fit a quick (in 30 days, or less) EXTRA $5, 000 in your pocket every month, to making all your financial desires come true with an annual after-tax income in Millions of Dollars. You do need to decide upfront, if you are looking for the multi-millionaire status, or just to put some quick cash in your money to pay bills. Regardless of your dreams and desires the way will use real estate investing to get where you want to go in daily life, we believe that there are three critical rules you must go along with, if you are going to be successful. Here they are: RULE NUMBER ONE WILL BE: FOCUS-FOCUS-FOCUS If you are looking for a long-term commitment to this business, in which case you need to establish up-front that you will need to set-aside some money as a result of each of your transactions/deals to re-invest in your education, And it's probably in your best interest to start with one strategy and stay prepared to switch to a different strategy once these goals will be met. As an example, let's say you ultimately want to be a creator (like Donald Trump, or Sam Zell, or Trammell Crow), but today you have a job and are $50, 000 in debt. Your first step might be to generate quick cash over the then year to pay off the debt, then half way through causeing the happen (say in month six) begin the process regarding implementing a strategy to generate enough income from your real estate shelling out to leave your job, then after you have created a stable platform (enough to pay bills and then some) from your investing pastime, to start a plan to become a developer. All together, this may require two to three different strategies. A "Classic" mistake that many novice buyers would make is to attempt all three strategies ALL AT ONCE - DO NOT DO THIS!!! Better to learn a strategy for swift cash, master it, then move on, then to attempt to find out three strategies at the same time. OLD AFRICAN PROVERB: "He What person Chases Two Tigers Ultimately Gets non-e " Regardless of Strategy to start with, history has shown that people who FOCUS the time, energy and money, are more likely to succeed than folks that do not. Be Patient - Be Focused - Start Smaller, Grow Big. RECAP: Rule Number One is: FOCUS-FOCUS-FOCUS SECRET NUMBER TWO: YOU LEARN BY DOING! The second important thing to know about real estate investing is that you learn through doing! We know that there are a lot of late-night infomercials which tell you "Come to our FREE seminar, spend $5, 000, and also tomorrow you will wake up a Millionaire - but the condition is we have never found anyone who will admit the really worked. Also, there are people who spend good dollars going to college, or graduate school and study easy methods to "succeed in real estate", and by and large, this can perform, if you then go on to commit to 25-40 years doing the job as an employee of a real estate firm, making someone else high - if you are fortunate enough, you may learn, enough (over time) and then go out on your own. And yes, we all know of people what person buy every book, every tape, and go to each seminar, and become walking real estate investing "Encyclopedia's" - AND YET NEVER DO ANYTHING WITH IT - BAD IDEA! The reason, because if you never put into practice what you read, or hear, you are likely to ultimately convince yourself that "this real estate thing" can not work - UNFORTUNATELY, both history and Forbes Magazine would certainly prove you wrong. Ever since John Jacob Astor has become America's First Millionaire in the 1800's by buying the things would ultimately become Manhattan, more American's have become rich through investing in real estate, than by any other means. And others who have made their fortunes in other areas (like managing businesses) have reinvested their profits into real estate compared with any other asset class. THE BEST WAY TO LEARN TO BE AN REAL ESTATE INVESTOR IS TO BE AN INVESTOR. RECAP: Rule Number Two: YOU WILL LEARN BY DOING! RULE NUMBER THREE: START IN THESE DAYS - RIGHT WHERE YOU ARE. Final Key Thought - a large number of new investors kid themselves by saying thing including "When I get enough money... ", or "When I get enough time... ", or "When I can receive some other things out of the way... " Then I will get started - BALONY!! What they are really saying is "I am Terrified to Death of Failing at this Real Estate Thing", as well as sooner they stop lying to themselves the sooner a thing really great will happen in their lives. The truth is almost every successful realty investor out there (including Donald Trump, and Sam Zell, and Ron LeGrand, and Robyn Thompson, and (Place Millionaire's Name Here), was scared to death while putting their first deal together. What made typically the difference is that they moved forward and did one thing. Sir Isaac Newton said it best in the first Law of Motion: "An object at others tends to stay at rest and an object on motion tends to stay in motion... " In other words - any time you keep on doing what you have been doing, you should expect to purchase the same results. But if you want something different for your life, you need to go "in Motion". You learn the Real Estate Enterprise by DOING, so the sooner you DO, the Sooner you GET. In these days is the day to stop making excuses and to "Go Through Motion". And as you Go In Motion, make a commitment to keep to learn, so you "Stay In Motion" RECAP: Rule Telephone number Three: START TODAY - RIGHT WHERE YOU ARE. So with these three rules in mind, we hope that RealInvestors(TM) will become the key partner in your success and we want to hear about your current success, no matter how small, or how great. Most of all, we want to help you "Go in Motion" and "Stay On Motion"... So , Let's Get Started... Choose ONE strategy to start off. Please Take to Heart Rule Number One: FOCUS-FOCUS-FOCUS... DO NOT MAKE SURE TO BECOME AN EXPERT ON EVERY STRATEGY BEFORE EVER STARTING! If you do, we can almost guarantee you that will become puzzled from information overload, and you will never begin! Decide on one single strategy that is right for you, learn about it, and get out there and DO IT! Make a commitment (let's say 6 months) where you are completely focused on that strategy. Network through other investor's who are working that particular strategy and do not leave until one of two things has happened: either 6 months moved by with no results, or you get your first put up done using that strategy and decide you want to try out your hand at something else. But do not allow yourself to be taken off course. It was o. k. in elementary plus middle school to try out for every team sport, but once Spring came, you had to make a choice; it was either likely to be track, or baseball/softball, or lacrosse, or producers, or tennis - but you could not play two sports entertainment at the same time. Each sport had its own rules, and various methods targeted required a slightly different mental "game". If you received come to the baseball field with a lacrosse stick as well as shoulder pads, someone would have asked you to "go home" and come back when you were "ready to play the sport" - same is true with investing - ESPECIALLY WHEN YOU ARE JUST GETTING GOING. Now, one day you will be able for you to "Play Like Mike", but as a new investor, let me keep it simple: One strategy, complete focus soon you have proven to yourself that it will work, for you, or you won't, and for most people this will mean at least a 6-month devotion. NEXT STEPS: Once you have familiarized yourself with this Getting Started component to the website, we recommend that you take the following steps: • Read and post regularly in the Real Investors Forums to gain exposure to the issues facing other real estate investors. The chances are, those same issues will face you in the near future. • Real all the Real Investor Articles. This will help to develop your knowledge base about real estate investing in general. • Visit the Real Investor Bookstore and pick out courses who focus on the ONE strategy you have chosen to use to get started. Do not order courses on a myriad of strategies before you ever do the first deal! • Join your local REIA. You will interact with many other investors... some seasoned, some just getting started. You may have an opportunity to network with other professionals that may be able to deliver services you will need as anew investor... a contractor, a real estate agent, a mortgage broker, a hard money lender... etc . You may even have a really great mentor! • Invest in your education! Attend almost any opportunities to learn more about real estate investing, such as The National Realty Investor's Conference. These events are invaluable opportunities to know from, network amongst, and make deals with other further seasoned real estate investors and scholars. Look for online style offerings, such as Real Investor's University (REIU) to occupy the times in between live events • Most importantly... go out right now there and take action - GO IN MOTION!!! • Get your first of all deal done - Your 1st deal will be the undesirable - we promise!!! • Repeat, Repeat, Repeat! • Then, when you're ready, come back and add another strategy to your own portfolio... and continue the process....

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miladrealestate02 · 4 years

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Top Tips on How To Make Money in Real Estate

Are you ready to get started in woodside ca real estate for sale investing,but not sure where to begin?

Afraid to make a HUGE Mistake??

Stuck with the Paralysis of Analysis???

You are not alone! Almost all real estate investors had to spend countless hours at the beginning of their investing careers researching the various strategies trying to figure out where they should begin.

While there is no single right answer for everyone, there are three key questions every potential investor needs to ask:

1. How much TIME do I have to invest?

2. How much MONEY do I have to invest?

3. How BIG and FAST do I want my business to ultimately grow??

A Great way to start any venture is by having an END Goal in mind, then laying out a plan to go get it! Even if you have to make changes along the way - which you will, the "getting there" is a great part of the fun.

Real estate investing can do anything from learning how to put a quick (in 30 days, or less) EXTRA $5,000 in your pocket every month, to making all your financial dreams come true with an annual after-tax income in Millions of Dollars. You really do need to decide upfront, if you are looking for the multi-millionaire status, or just to put some quick cash in your pocket to pay bills.

Regardless of your dreams and desires how you will use real estate investing to get where you want to go in life, we believe that there are three critical rules you must follow, if you are going to be successful. Here they are:

RULE NUMBER ONE IS: FOCUS-FOCUS-FOCUS

If you are looking for a long-term commitment to this business, then you need to establish up-front that you will need to set-aside some money from each of your transactions/deals to re-invest in your education, AND it is probably in your best interest to start with one strategy and be prepared to switch to a different strategy once these goals are met.

As an example, let's say you ultimately want to be a developer (like Donald Trump, or Sam Zell, or Trammell Crow), but today you have a job and are $50,000 in debt. Your first step might be to generate quick cash over the next year to pay off the debt, then half way through making this happen (say in month six) begin the process of implementing a strategy to generate enough income from your real estate investing to leave your job, then after you have created a stable base (enough to pay bills and then some) from your investing activity, to start a plan to become a developer. All together, this may require three different strategies.

A "Classic" mistake that many novice investors would make is to attempt all three strategies AT THE SAME TIME - DO NOT DO THIS!!! Better to learn a strategy for quick cash, master it, then move on, then to attempt to learn three strategies at the same time.

OLD AFRICAN PROVERB: "He Who Chases Two Tigers Ultimately Gets None"

Regardless of the Strategy to start with, history has shown that people who FOCUS their time, energy and money, are more likely to succeed than those who do not.Be Patient - Be Focused - Start Small, Grow Big.RECAP: Rule Number One is: FOCUS-FOCUS-FOCUS

RULE NUMBER TWO: YOU LEARN BY DOING!The second important thing to know about real estate investing is that you learn by doing! We know that there are a lot of late-night infomercials which say "Come to our FREE seminar, spend $5,000, and tomorrow you will wake up a Millionaire - but the problem is we have never found anyone who will admit that this really worked. Also, there are people who spend good money going to college, or graduate school and study how to "succeed in real estate", and by and large, this can work, if you then go on to commit to 25-40 years working as an employee of a real estate firm, making someone else rich - if you are fortunate enough, you may learn, enough (over time) and then go out on your own.

And yes, we all know of people who buy every book, every tape, and go to every seminar, and become walking real estate investing "Encyclopedia's" - BUT NEVER DO ANYTHING WITH IT - BAD IDEA! Why, because if you never put into practice what you read, or hear, you will ultimately convince yourself that "this real estate thing" does not work - UNFORTUNATELY, both history and Forbes Magazine would prove you wrong.

Ever since John Jacob Astor became America's First Millionaire in the 1800's by buying what would ultimately become Manhattan, more American's have become wealthy through investing in real estate, than by any other means. And those who have made their fortunes in other areas (like operating businesses) have reinvested their profits into real estate than any other asset class.

THE BEST WAY TO LEARN TO BE AN INVESTOR IS TO BE AN INVESTOR.

RECAP: Rule Number Two: YOU LEARN BY DOING!

RULE NUMBER THREE: START TODAY - RIGHT WHERE YOU ARE.Final Key Thought - many new investors kid themselves by saying thing like "When I get enough money...", or "When I get enough time...", or "When I can get some other things out of the way..." Then I will get started - BALONY!! What they are really saying is "I am Scared to Death of Failing at this Real Estate Thing", and the sooner they stop lying to themselves the sooner something really great will happen in their lives. The truth is almost every successful real estate investor out there (including Donald Trump, and Sam Zell, and Ron LeGrand, and Robyn Thompson, and (Place Millionaire's Name Here), was scared to death when putting their first deal together. What made the difference is that they moved forward and did something.

Sir Isaac Newton said it best in his first Law of Motion: "An object at rest tends to stay at rest and an object in motion tends to stay in motion..." In other words - if you keep on doing what you have been doing, you should expect to get the same results. But if you want something different for your life, you will have to go "in Motion". You learn the Real Estate Business by DOING, so the sooner you DO, the Sooner you GET. Today is the day to stop making excuses and to "Go In Motion". And as you Go In Motion, make a commitment to continue to learn, so you "Stay In Motion"

RECAP: Rule Number Three: START TODAY - RIGHT WHERE YOU ARE.

So with these three rules in mind, we hope that RealInvestors(TM) will become a key partner in your success and we want to hear about your success, no matter how small, or how great. Most importantly, we want to help you "Go in Motion" and "Stay In Motion"...

So, Let's Get Started...

Choose ONE strategy to get started. Please Take to Heart Rule Number One: FOCUS-FOCUS-FOCUS... DO NOT TRY TO BECOME AN EXPERT ON EVERY STRATEGY BEFORE EVER GETTING STARTED! If you do, we can almost guarantee you that will become confused from information overload, and you will never begin! Decide on a single strategy that is right for you, learn about it, and go out there and DO IT!

Make a commitment (let's say 6 months) where you are completely focused on that strategy. Network with other investor's who are working that particular strategy and do not quit until one of two things has happened: either 6 months has gone by with no results, or you get your first deal done using that strategy and decide you want to try your hand at something else. But do not allow yourself to be taken off course. It was o.k. in elementary and middle school to try out for every team sport, but when Spring came, you had to make a choice; it was either going to be track, or baseball/softball, or lacrosse, or crew, or tennis - but you could not play two sports at the same time.

Each sport had its own rules, and each one required a slightly different mental "game". If you had come to the baseball field with a lacrosse stick and shoulder pads, someone would have asked you to "go home" and come back when you were "ready to play this sport" - same is true with investing - ESPECIALLY WHEN YOU ARE JUST GETTING GOING. Now, one day you will be able to "Play Like Mike", but as a new investor, let's keep it simple: One strategy, complete focus until you have proven to yourself that it will work, for you, or it won't, and for most people this will mean at least a 6-month commitment.

NEXT STEPS: Once you have familiarized yourself with this Getting Started section of the website, we recommend that you take the following steps:

• Read and post regularly in the Real Investors Forums to gain exposure to the issues facing other real estate investors. Chances are, those same issues will face you in the near future.

• Real all the Real Investor Articles. This will help to build your knowledge base about real estate investing in general.

• Visit the Real Investor Bookstore and pick out courses that focus on the ONE strategy you have chosen to use to get started. Do not purchase courses on a myriad of strategies before you ever do your first deal!

• Join your local REIA. You will meet many other investors... some seasoned, some just getting started. You will have an opportunity to network with other professionals that may be able to provide you with services you will need as anew investor... a contractor, a menlo park real estate agents, a mortgage broker, a hard money lender... etc. You may even find a really great mentor!

• Invest in your education! Attend any and all opportunities to learn more about real estate investing, such as The National Real Estate Investor's Conference. These events are invaluable opportunities to learn from, network amongst, and make deals with other more seasoned menlo park real estate investors and scholars. Look for online class offerings, such as Real Investor's University (REIU) to fill the times in between live events

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apartmentforrentdistrict2 · 5 years

Text

Best Tips on How To Make Money in Real Estate

Are you prepared to begin in property investing,but not certain where to start? Afraid to Generate a HUGE Mistake?? Stuck together with the Paralysis of Analysis??? You're not alone! Just about all property investors needed to devote hundreds of hours at the commencement of their investment careers exploring the several strategies hoping to determine where they ought to start. While There Isn't Any single right answer for everyone, you will find 3 Important questions each Possible investor needs to request: 1. Just how far TIME do I need to invest? 2. Just how far MONEY do I need to invest? 3. Just how BIG and FAST do I need my company to finally grow?? A Great way to begin any venture would be by with an END Goal in your mind, then setting out a strategy to go do it! Even in the event that you need to make modifications along the way by that you may, the"getting there" is an excellent part of the fun. Real estate investing may perform anything from figuring out how to place a fast (in 30 days, or not ) EXTRA $5,000 in your pocket each month, to creating all of your financial dreams come true with the yearly after-tax earnings in Millions of Dollars. You truly need to decide upfront, even if you're on the lookout for the multi-millionaire standing, or simply to put some fast money in your pocket to cover invoices. Irrespective of your fantasies and needs the way you are going to use property investing to discover where you wish to go in existence, we all think there are 3 crucial principles you should follow, if you're likely to be prosperous. Here they are: RULE NUMBER ONE IS: FOCUS-FOCUS-FOCUS If you're interested in finding a long-term dedication to this company, then you want to set up up-front you will have to set-aside some cash from each one your transactions/deals to re-invest on your schooling, AND it's most likely in your very best interest to begin with a single plan and be ready to change to another strategy after these aims are satisfied. For example, let us say you finally would like to be a programmer (such as Donald Trump, or Sam Zell, or Trammell Crow), but now you've got work and therefore are 50,000 in debt. Step one may be to make quick money during the next year to pay back the debt, and then half way through which occur (state per month six) start the process of executing a plan to make sufficient income from the property investment to leave your work, then as soon as you've produced a stable foundation (sufficient to cover bills and then some) out of the investment action, to begin a strategy to be a programmer. All together, this will need three distinct strategies. A"Classic" error that lots of novice investors will make would be to try all 3 approaches AT THE SAME TIME - DO NOT DO THIS!!! Better to find out a plan for fast money, learn it, then proceed, and then try to find three approaches in precisely the exact same moment. OLD AFRICAN PROVERB: "He Who Chases Two Tigers Ultimately Gets None" Irrespective of this Strategy to Begin with, history has shown that people that FOCUS their own time, energy and cash, are far more likely to succeed than people who don't not.Be Patient - Be Focused - Start Small, Grow Big.RECAP: Rule Number One is: FOCUS-FOCUS-FOCUS RULE NUMBER TWO: YOU LEARN BY DOING!The next significant issue to understand about property investing is that you learn by doing! We are aware there are a great deal of late-night infomercials that state"Come to our FREE seminar, spend $5,000, and tomorrow you will wake up a Millionaire - but the problem is we have never found anyone who will admit that this really worked. Also, there are people who spend good money going to college, or graduate school and study how to"succeed at property", and by and large, this can work, if you then go on to commit to 25-40 years working as an employee of a real estate firm, making someone else rich - if you are fortunate enough, you may learn, enough (over time) and then go out on your own. And yes, we all know of people who buy every book, every tape, and go to every seminar, and become walking real estate investing "Encyclopedia's" - BUT NEVER DO ANYTHING WITH IT - BAD IDEA! Why, because if you never put into practice what you read, or hear, you will ultimately convince yourself that"the property item" does not work - UNFORTUNATELY, both history and Forbes Magazine would prove you wrong. Ever since John Jacob Astor became America's First Millionaire in the 1800's by buying what would ultimately become Manhattan, more American's have become wealthy through investing in real estate, than by any other means. And those who have made their fortunes in other areas (like operating businesses) have reinvested their profits into real estate than any other asset class.

THE BEST WAY TO LEARN TO BE AN INVESTOR IS TO BE AN INVESTOR. RECAP: Rule Number Two: YOU LEARN BY DOING! RULE NUMBER THREE: START TODAY - RIGHT WHERE YOU ARE.Final Key Thought - many new investors kid themselves by saying thing like"When I earn enough cash...", or"When I buy time...", or"When I could find a few other things from their way..." Then I will get started - BALONY!! What they are really saying is"I am Scared to Death Failing at the Real Estate Thing", and the sooner they stop lying to themselves the sooner something really great will happen in their lives. The truth is almost every successful real estate investor out there (including Donald Trump, and Sam Zell, and Ron LeGrand, and Robyn Thompson, and (Place Millionaire's Name Here), was scared to death when putting their first deal together. What made the difference is that they moved forward and did something. Sir Isaac Newton said it best in his first Law of Motion:"An object at rest tends to remain at rest and an object in motion tends to remain in motion..." In other words - if you keep on doing what you have been doing, you should expect to get the same results. But if you want something different for your life, you will have to go"into Motion". You learn the Real Estate Business by DOING, so the sooner you DO, the Sooner you GET. Today is the day to stop making excuses and to "Go In Motion". And as you Go In Motion, make a commitment to continue to learn, so you "Stay In Motion" RECAP: Rule Number Three: START TODAY - RIGHT WHERE YOU ARE. So with these three rules in mind, we hope that RealInvestors(TM) will become a key partner in your success and we want to hear about your success, no matter how small, or how great. Most importantly, we want to help you "Go in Motion" and "Stay In Motion"... So, Let's Get Started... Choose ONE strategy to get started. Please Take to Heart Rule Number One: FOCUS-FOCUS-FOCUS... DO NOT TRY TO BECOME AN EXPERT ON EVERY STRATEGY BEFORE EVER GETTING STARTED! If you do, we can almost guarantee you that will become confused from information overload, and you will never begin! Decide on a single strategy that is right for you, learn about it, and go out there and DO IT! Make a commitment (let's say 6 months) where you are completely focused on that strategy. Network with other investor's who are working that particular strategy and do not quit until one of two things has happened: either 6 months has gone by with no results, or you get your first deal done using that strategy and decide you want to try your hand at something else. But do not allow yourself to be taken off course. It was o.k. in elementary and middle school to try out for every team sport, but when Spring came, you had to make a choice; it was either going to be track, or baseball/softball, or lacrosse, or crew, or tennis - but you could not play two sports at the same time. Each sport had its own rules, and each one required a slightly different mental"match". If you had come to the baseball field with a lacrosse stick and shoulder pads, someone would have asked you to"go home" and come back when you were"prepared to play this game" - same is true with investing - ESPECIALLY WHEN YOU ARE JUST GETTING GOING. Now, one day you will be able to"Play Like Mike", however because a new investor, let us keep it simple: One approach, total focus till you've proven yourself that it may function, for you personally, also it will not, and for most people this may mean no less than a 6-month dedication. NEXT STEPS: Once You've familiarized yourself with this Getting Started section of the Site, we recommend that you take the next measures: • Read and place frequently in the Real Investors Forums to acquire exposure to the problems facing other property investors. Odds are, these very same problems will confront you in the not too distant future. • Real all of the Real Investor Articles. This can help to build your knowledge base about property investing generally. • Visit the Real Investor Bookstore and choose out classes that are focused on the ONE plan you've selected to use to begin. Do not buy classes on an assortment of plans before you do your first deal! • Join your regional REIA. You may meet a number of different investors... a few experienced, some only getting started. You'll get a chance to network with other specialists which could possibly have the ability to give you services that you may need as property agent... a builder, a realtor, a mortgage agent, a tough money lender... etc.. You might even find a very fantastic mentor! • Invest in your own education! Attend all chances to find out more about real estate investing, like The National Real Estate Investor's Conference. These occasions are valuable opportunities to find out, community among, and make trades with other more experienced property investors and investors. Start Looking for Internet course offerings, for example Real Investor's University (REIU) to fulfill the occasions between live events • Most significantly... go out there and do it - GO IN MOTION!!! • Get your very first deal done Your 1st deal is going to be the toughest - we guarantee!!! • Repeat, Repeat, Repeat! • Then, once you're ready, come back and add a different approach to your own portfolio... and keep the procedure...

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realinvestors · 9 months

Video

RealInvestors Customer Service Video from Sherman Ragland on Vimeo.

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10topnotch · 6 years

Photo

#goodmorning #riseandgrind #truth #real #1hunit #fact #understand #growthmindset #reality #hustle #workhard #hardworkpaysoffs #realestatenews #realinvestor #wholesalinghouses #fixandflip #determination #turnkeyspacesllc #turningkeystoknowledge #creatingspacesforchange https://www.instagram.com/p/BoOwdCdlW9D/?utm_source=ig_tumblr_share&igshid=cp3tt9fx9ga2

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bettydgunter90 · 4 years

Text

The Wealth Creator

No one could blame RealInvestors® Chief Visionary Sherman Ragland if he had shied away from real estate after his first introduction to the industry. When Ragland was in junior high school, he begged his mother to take him to a real estate seminar that someone he saw in an infomercial was hosting. He bought a pair of expensive cassettes only to find out the host would eventually go to jail for fraud.

The event only strengthened Ragland’s resolve for real estate, however.

“It didn’t deter me from wanting to pursue real estate success,” he said. “I got my real estate license while in college when I was 22, competed for a national fellowship to attend the MBA program of my choice, and ultimately chose the Wharton School of Business where I got my MBA in real estate development.”

A Real Estate Career Is Launched

Ragland’s first job out of school was Chief Financial Officer (CFO) for a major land development project the Xerox Corporation was building in the Washington, D.C. area. He saw the opportunity as a chance to not only work on a large-scale project, but also return to his hometown of Washington, D.C. and pursue a commercial real estate development career. It was also a chance to work for some of the biggest real estate developers in the D.C. area—Xerox Realty as well as the Oliver T. Carr Co.

After working on major projects in the D.C. area, Ragland started his own company in the early 1990s. His firm mostly handled walkouts and took on busted loans from the savings and loan industry. The company also did a lot of work for the federal government for 12 years, achieving significant accolades for its work, including recognition from the White House.

It was in the late 1990s when Ragland decided to go back to what he really had a passion for—real estate investment and development.

“When my youngest son was born in 2001, I remember saying to my wife that I really wanted to focus on real estate,” he said. “She said it was a great idea, and I went to a four-day event in Atlanta. It was funny because they keynote speaker was this up-and-coming investor, (Rich Dad Poor Dad author and businessman) Robert Kiyosaki that no one had heard of who had this board game and book that was going to be coming out in six months or so.”

Ragland also met Steve Cook, another real estate investor at the event. When they returned to Washington, D.C., Ragland paid $500 for a one-on-one mentoring session with Cook on how to get his first real estate deal.

“It’s funny because here I was, somebody who had a career in commercial real estate, an MBA in finance and real estate development, and Steve by his own admission ‘barely made it out of high school,’” Ragland said. “[But], here’s a guy that basically taught me to fix and flip houses for my first year as a full-time real estate investor. I was fixing and flipping houses and the more I did it, the more people would come to me and say, ‘Hey, how do you do it?’ That’s how I got into the education business. People asked me, ‘Hey, can I look over your shoulder?’ Soon I became the ‘go-to guy’ in D.C. area real estate.”

Sharing Real Estate Knowledge through RealInvestors®Ⓡ

Ragland and his RealInvestors® Team have let a lot of people look over their shoulder and learn about real estate investing since 2001. The company began as a local networking group that helped one another out with real estate matters. It eventually turned into the largest real estate club on the east coast—the D.C. Real Estate Investor Association (DC-REIA). By 2003, it became clear that people really wanted to learn about real estate investing as it’s done closer to home. At the time however, there were a lot of speakers going around the U.S. pressuring attendees to sign up for training that was centered around going to out-of-town boot camps.

“The challenge with boot camps is they are a three-day event and by the time your credit card statement shows up, you don’t remember half the stuff you were taught in those three days,” Ragland said. “So, we started doing training in our own backyard for local investors in the D.C. market. We were doing a session one day when somebody asked what we called ourselves. I said, ‘I don’t know, RealInvestors®.’ We went online and found that nobody had grabbed the domain name.”

The club soon started its own training programs that consisted of a day of training at a hotel and then 30-45 days of “hands-on” training at local properties. The hotel company asked what they wanted to call the event, and Ragland replied “Real Investor Training.” That same weekend he registered the domain names and the training program was known as RealInvestors® from that point on.

Located in Prince George’s County Maryland, RealInvestors® had to go through a number of processes to comply with the county and state regulations so it could offer formal training in a permanent facility. The company purchased a 5,000 square foot building and then became a licensed trade school and the Maryland Higher Education Commission approved it. RealInvestors® is the only real estate investor school in the U.S. that a higher education commission has approved. The Maryland Higher Education Commission has also regulated popular colleges like Johns Hopkins and the University of Maryland.

“We’re in the same peer group as (those schools),” Ragland said. “So with that, we have to provide a curriculum and go for an annual review. We’ve done everything except get accredited, but we’ve thought about that from time to time. We are licensed and sanctioned by the state.”

RealInvestors® also offers certain classes under career school programs like the 60-hour real estate agent licensing program as well as continuing education (CE) classes, which a state agency regulates. The courses are part of the RealInvestors® Academy, which students pay a small membership fee to join. Classes are now offered in a 10,000 square foot campus located just east of Washington, D.C. where people learn to become real estate investors within a 90-mile radius of the White House. Programs offered vary from getting started in real estate, “quick-cash” real estate strategies, transitioning to commercial properties, raising capital, and using crowdfunding.

“There’s something for everyone from the newbie to the more advanced investor who’s looking to really take it big time,” Ragland said. “I have a project now that I’m working on that’s a $10 million deal. Steve Streetman who co-teaches a commercial course with me just raised a $26 million fund. I would say a big part of sustainability and resources is can you actually take somebody who knows nothing about real estate and help them build a $26 million portfolio.”

Streetman did his first commercial deal with RealInvestors® 10 years ago, not knowing anything about commercial real estate, according to Ragland. Six years ago, he became a RealInvestors® teacher and started to put together numerous deals using cryptocurrency and crowdfunding.

“That’s ultimate success to me—the fact that you can continue to not only educate people, but as time goes on, those people that you educated now become successful real estate investors and teachers,” Ragland said.

By having students become the teachers, RealInvestors® is consistently expanding its curriculum. Ragland admitted that when the academy was first starting he questioned the need to go through so many certification hoops just so he and his team could teach some real estate classes. In hindsight, he realizes the process was worth it so RealInvestors® can be a longstanding educational resource.

“This is the same certification process that a Johns Hopkins University has to go through,” he said. “It causes you to think about how do you create something that is sustainable, something that has longevity and is an institution. That’s what RealInvestors® has become—an institution.”

Closing the Generational Wealth Gap

One of RealInvestors’® goals is to help members solve their real estate investing challenges in part so they can create wealth that they can pass along to their children and grandchildren. Ragland noted the large wealth divide in the U.S.—which unfortunately falls along the lines of ethnicity. African-Americans have one-tenth of the wealth of non-African-Americans and Hispanic Americans have approximately one-eleventh of the wealth, according to Ragland.

“Fundamentally, if you look at the absolute numbers in terms of where wealth comes from, it comes down to just one thing: home ownership!” Ragland said that “The vast majority of African-Americans do not own homes, and it is similar for Hispanic Americans, while the vast majority of non-African-American and non-Hispanic whites do own their home. I’ve been a student of these facts before social justice and wealth building was popular.”

The motivation for Ragland’s interest in wealth building through real investing came from close to home. His daughter approached him one day and said she was thinking about buying a house and needed advice. They had a series of conversations and Ragland guided her though how to purchase her first home. That led to more people asking him how she did it.

After getting a large amount of inquiries, Ragland sat down with his daughter again about everything they had discussed. This time however, he recorded the conversation. The transcript turned into a series of TV appearances on the topic and an Amazon best-selling book, 7 Simple Steps to Getting Your Own Home!, which discusses the wealth gap and the importance of home ownership.

Today, home ownership is a family affair for Ragland. His three children all own real estate (even his youngest son who is a college freshman) and all three are on the path to financial security because of it—an achievement that Ragland calls his “most important accomplishment.”

“The reality is, the wealth gap can be closed in one generation if people just get serious about home ownership as that first step,” Ragland said. “After you get your first home, don’t stop. Get another rental property and then another rental. It’s almost like a game of Monopoly—four green houses, roll them up into a red hotel, except they aren’t hotels, they’re apartment buildings. And the formula for creating wealth isn’t hard. You just have to pay attention, find yourself a mentor, and be willing to get out there and actually do it.”

Ragland also noted the easiest way to close the financial gap is for people to pay attention to what they’re spending their money on—including how much they’re spending on rent versus what would that same rent payment would look like if were applied to a mortgage.

“I think most people realize they could probably get more housing if they took the same dollars that they are spending on rent and dedicated them to a mortgage,” he said. “Granted, it might cause them to move outside of an urban area and to a suburb. Case in point, my oldest son and girlfriend were paying $3,800 a month for a one-bedroom apartment in Washington, D.C. Finally, he said, ‘This is insanity.’ They’re now in the process of buying a four-bedroom house about 15 minutes outside of the city.”

Home ownership can be the first rung on the ladder to creating wealth, according to Ragland. In as little as three to five years, anyone can follow our system and own five to 10 rental properties if executed properly. Those rental properties could pay you between $5,000 and $10,000 a month in passive income in the Maryland/D.C. area. For many people, that is enough to be able to retire, or at least have your spouse leave their job and come home.

“That gives you real choices in terms of what you want to do with your life,” Ragland said. “If you go to work, you go because you love the job, not because you need the paycheck.”

Develop an Ownership Mindset

Whether someone owns one property or 10, it’s important they think of themselves as a real estate investor, Ragland says. His thinking is home ownership draws a distinct line between the consumer and the producer. If someone spends their whole life consuming, they may look at life as, ‘What can I consume next?’ The producer meanwhile has a very different mindset.

“It’s the mindset that says, ‘My wealth is dependent on what I do’ as opposed to a mindset of, ‘This happened to me at work, or I got laid off, or it’s my employer’s fault,’” Ragland said. “You just look at things through a different set of lenses.”

And it doesn’t matter if you have one property or a hundred.

“Once you put yourself on the side of ownership or investor-ship, you begin to look at life very differently. You realize that your capacity to create wealth for you and your family, and then teach those same concepts to other people is really just a function of how hard you want to work and not a function of catching a break,” he said.

Learn This Business by Doing It

When Ragland was in college, he had the opportunity to work an internship at the IBM Product center in the Inner Harbor in Baltimore. One day, Jim Rouse, a nationally famous real estate developer and founder of The Rouse Company, came into the store to purchase a typewriter for his wife. Ragland sold him the typewriter and two days later Rouse asked Ragland to come to his office and interviewed him for a job with his real estate development company. Rouse informed him he’d start in the internship program, become a developer and eventually a project manager. Ragland said the opportunity sounded fantastic, but informed Rouse that he had just applied for a fellowship and if he was accepted, he was going to the Wharton School of Business to get his MBA.

“I’ll never forget these words as long as I live,” Ragland said. “(Rouse) said, ‘Sherman, the Wharton School of Business is a very fine place, but you will never learn real estate in a classroom. You learn this by doing it.’ I would have to say that was the most powerful, impactful advice I ever got because you really do learn the real estate business by doing it. I got my MBA, and he was correct—learned a lot of stuff, but I did not truly learn real estate until after I started actually doing it. I learned most of the stuff about real estate after I got out of Wharton.

“It’s something I carry with me when talk about our training programs at RealInvestors® because all of our training programs are designed around real projects. If somebody’s doing a rehab or we’re teaching a rehab class, you are meeting with a contractor. You’re going out in the field with us as we’re buying a property.”

Ragland could have easily turned his back on the real estate industry when that seminar host was exposed as fraudulent when he was in junior high. Instead, he took the opposite approach and built a successful real estate development, investment and educational career. He didn’t quit—advice he gives to anyone interested in real estate today.

“Real estate can be confusing and it can be challenging,” Ragland said. “There are a lot of times where people feel like it’s not worth the effort, but they should hang in there just a bit longer. I’ll say to people if you need to take a break, take a break, just don’t quit. You simply need to connect with the right people who will let you look over their shoulder and don’t be afraid to follow in their footsteps. Most importantly, just don’t quit.”

The post The Wealth Creator appeared first on Think Realty | A Real Estate of Mind.

from Real Estate Tips https://thinkrealty.com/the-wealth-creator/

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orishome-blog · 5 years

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businessfrontrunners · 6 years

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Amazon To Cancel Plans For NYC, Instead Move Jobs To Baltimore.

https://authoritypresswire.com/?p=25552 In November, Amazon announced that it would award two cities (Crystal City, VA and New York) with 25,000 jobs (each) and $5.0 Billion in capital investment as a part of it’s highly coveted year long “HQ2 Competition”. From the very beginning Amazon was welcomed with “open arms” by the political and business leaders in Virginia and Crystal City, just outside Washington, DC. But the reception in New York City was anything but warm. Before 24 hours had passed, New York elected officials were challenging the wisdom of a $3.0 Billion incentive package being offered by New York City and state, as well decrying that Amazon’s move to NYC would exacerbate an already difficult affordable housing situation. Amazon’s decision to move to Crystal City “will put Arlington County at the epicenter of e-commerce [globally]” according to leading Economist Anirban Basu. Apparently officials in Virginia agree. Since the November HQ2 announcement, local officials in Virginia have been busy fast tracking approvals to get their 25,000 Amazon employees into buildings and new affordable housing projects in close proximity are being approved at a rapid pace. Meanwhile Amazon is bogged down in getting even simple approvals for it’s New York location through. Sherman Ragland, CCIM, Dean of the Realinvestors®️ Academy and leading real estate strategist believes that Amazon will soon cancel the move to New York City in favor of moving 25,000 jobs to Baltimore. According to Ragland, “The state of Maryland has been in the hunt for Amazon since the start of the HQ2 competition. Last year, the Maryland Legislature approved $8.5 Billion in incentives to attract Amazon, at the request of Maryland Governor Larry Hogan. That’s more than double the amount offered by New York. That money is still legally available to Amazon should they choose to cancel their move the New York and pick Baltimore, Maryland”. Ragland went on to say, “More importantly, the original decision to split HQ2 into two locations was because of Amazon’s desire to have a location that could support both the growth of their Amazon Web Services (and related) business, as well as the need to be near the creative talent that will be required to make Amazon Prime Video and game streaming viable competitors to NETFLIX and Apple’s new streaming service. With major entertainment players like Viacom, Sirius XM Radio and (soon) Discovery Channel being based in New York, it made sense for Amazon to strategically locate some senior level jobs in New York. However, Baltimore City offers Amazon an opportunity to capture some of the same creative class talent needed to dominate the (quickly) emerging online entertainment world. Maryland and Baltimore have proven to be reliable partners for the entertainment industry with a strong track record hosting such block busters as Homicide, The Wire and House of Cards.” According to Ragland, “Amazon can not only garnish the talent it was looking for in New York by choosing Baltimore, it can also (still) capture $8.5 Billion in incentives put on the table by the State of Maryland last year. More importantly, it can be up and running in less time than it will take to navigate the gridlock it currently faces in opening up offices in New York.” Ragland shared, “Amazon now finds itself in the position of having to choose to either continue to fight an uphill battle with the New York political leadership who appear to be adamantly opposed to Amazon having a presence in New York City. Or, getting similar talent, albeit at a more competitive price, in Baltimore and picking up $8.5 Billion in financial incentives from the State of Maryland. It’s really not a hard decision to make, but Amazon better move quickly before the citizens of Maryland change their minds too.”

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