Consultation - part-time real estate
Consultation - part-time real estate
Hello everyone,
In this post I would like to introduce myself and talk a bit about the first steps and beginner programs.
So I'm Michael, 26, married, and want, like many others, 'economic freedom'. I think the world has a lot to offer beyond work 9 to 5, and believe I can bring my family to enjoy the abundance the world has to offer.
Director over the last two years Axel detailed and controls expenses, I have already prepared 3 Fund months, and even have accumulated a nice small amount of 50,000 ₪ available. Not bad at all, and an achievement I'm definitely proud of.
Then there is control of the current situation, free amount, and destination (for the purposes of 15,000 NIS passive while 10 years).
knowledge? There are quite a few. Even too much. There are so many options to produce capital today, which is difficult to choose. Which leads to the first question: How do you decide what to do?
I know where I want to go, but what's the right way? Looking for flips? Buying apartments for rent from current income + good loans?
In one of the posts Idan Shkedy wrote that he started with apartments for rent, but realized that it would not promote him fast enough, which makes me wonder on the way to the destination, and also - why stop there? If I manage to generate a passive income of 15,000 NIS I do not think I will stop there…
There was an interesting discussion this week about the fear of starting, and the excellent posts of Idan make me even more interested in starting.
The main problem: While real estate feels like the most stable route towards the destination (compared to, for example, online stores or virtual courses), I do not feel sufficient attraction to it. Flights abroad on a regular basis to see a property are out of the question, and the constant preoccupation with managing distant properties frightens me.
The old guys here, who have amassed a cannon "team" that helps them, live and breathe the real estate world (and fill this group with knowledge), are already deep inside. I do not feel like I want to engage in the world full time, so do not see myself reaching the level of the guns here.
And here comes the second question: is there a way to enjoy both worlds? Invest in real estate but not through regular work (locating properties, managing the renovation, managing the sale / rent)?
On Sunday I plan to get to Metap and gain more knowledge, a great opportunity to meet and hear what you think!
The original responses to the post can be read at the bottom of the current post page on the site or in the link to a post on Facebook and of course you are invited to join the discussion
- There is definitely a way, connect to a professional entrepreneur who will accompany your investment from A to T. And so you can enjoy both worlds.
- Definitely following.
- As Yoni said would do a partnership with an entrepreneur who has a team and works,, the intention is to partner money to Flip and then share the profit. Or Rachael Ranthal, the entrepreneur does all the work and receives an escort fee
- Offers you at least initially (in some first properties) not to do alone!
Join an experienced entrepreneur, with whom you feel comfortable and make deals.
If you try to do alone when you have never made a deal, you may lose your money and pity. - Maybe when you start, you'll see how attracted you are to it. You might be surprised.
Offers to study in an organized manner and go to business. We certainly do not start a full-time job in the field independently - but build it slowly. So that for me - you can enjoy all the worlds and take it at your own pace. - Regardless of real estate, but first change the thought and lower the "no" since thought creates reality. You have a long-term plan and it's great that you start from the age of 26.
The most important tip to you is to start at home 1 bro another one again it takes time but you will arrive. It is most difficult to accumulate the first 100 shekels, the next century a little less and so on. The effect of time on investments is critical. If you can not make the mistake of 99% of young couples who buy a house first and at the end of the mortgage they only have a house 1 because every few years they upgrade a house… and the money you invest in the first property and only after you have at least 5 properties buy yourself.
It's hard this long but it's coming.
I started to invest in 32 age and only now at the age of 38 with 3 Kids I think of buying an apartment for myself as a young couple but that after I have accumulated 5 properties in Texas.
So you have to be patient and optimistic and think abundance and it will come
Successfully - Where is the Metap and when? Can give details?
- following
- There are quite a few passive alternatives to investment, as the company here has already said to join the entrepreneur as a money partner and share profits.
Another way to join a group of investors headed by an entrepreneur, so instead of investing in a single property alone you are a partner in a group that holds a number of properties so that from your point of view there is very little engagement.
There is no one way, each method advantages and disadvantages, try to deploy the alternative in front of you and choose the alternative that best suits you.
In any case, I recommended that you start small and gradually gain confidence and grow into it.
Good luck 🙂 - Hi Michael, first of all I wanted to tell you all about sharing. Putting yourself so exposed is already a great start and in my opinion the best way to learn.
Almost all of us here before we started have experienced what you are experiencing, you are in an amazing process of understanding that if you work correctly with the money, in the end it will work for you.
I think there is a tendency to begin, to want to exhaust every possible piece of information to confirm that we are making the right decision.
In my opinion, there is no such thing as the right decision. And the main idea in business and investment is to constantly move (inhaling forward, but also going back any time it is important)
Regarding real estate. I personally before entering the field I hated it terribly.
Real estate agents, and people I have known in the past, have always made me think this is a dubious field and not for me.
In retrospect
There are disgusting people in every field. And in the end, pleasure is in the environment and in the work you create for yourself
In this world of real estateI'm sure you'll start investing, and when you enter the first, second and third projects, experience will lead you to a niche where you can feel comfortable and as your niche progresses.
You can discover what this niche is just by experimenting and being.
Either way, it sounds like you're the one to succeed. So now it's a question of how fast you will start moving.
Good day 🙂
- People direct you to the product…
In your amount.
50 thousand shekels..no first property…
Your whole form of investment is not property at all…
Any investment that will produce capital.
What is your ability to make money yourself?
You need financial planning… not a house for rent ..
In this amount only capital investments ..
At the same time you will learn the industry and generate transactions not in the usual way but through owner financing etc.…
Creative way .. No !!! Conventional.
Feel free to contact me or contact me - Michael Goren First of all I'm really glad I was able to get you into action…! Huge compliment, thanks!
As for your question, I think you should start investing with another entrepreneur and get involved in what he does. Not to give money and forget about it but to be involved… That way you can also learn, both make money and not invest too much. In addition I definitely recommend you to take some course so as not to enter with eyes closed but with a little more knowledge. Good luck !! - We recommend that you register for the Desi and Nir Label course before choosing your investment portfolio.
Real estate is like a sea of possibilities.
The course will expose you to a wide range of possibilities and connect you in what way you would like to enter this diverse world, which has quite a few important things to know before entering it.
Dasi Leibel - There are several ways to enjoy both worlds
The real question is what you really want and what you are willing to sacrifice temporarily to achieve the financial freedom you want.
Most importantly is lemma
Why you want what you want
This will be your reminder to keep sacrificing until you get what you want
And practice
It is possible to produce some portfolio assets using the Lease Offshore method
Which I think combines all the real estate benefits into one deal
Without working it full time
It all depends on you and your wishes
Successfully! - Thank you all for the answers - glad I was able to spark a discussion.
I forgot to mention that today we save about 30% of income in favor of investments, so leverages of various kinds are at stake. While I agree that courses are important, at this point I think I lack experience with reality and no more learning arranged).
A money partner sounds just like what I'm looking for, I'll start looking in that direction.Thank you all!
Michael Goren First of all I'm really glad I was able to get you into action…! Huge compliment, thanks!
As for your question, I think you should start investing with another entrepreneur and get involved in what he does. Not to give money and forget about it but to be involved… That way you can also learn, both make money and not invest too much. Plus I definitely recommend you take some course so as not to come in with your eyes closed but with a little more knowledge.
Successfully!!
People direct you to the product…
In your amount.
50 thousand shekels..no first property…
Your whole form of investment is not property at all…
Any investment that will produce capital.
What is your ability to make money yourself?
You need financial planning… not a house for rent ..
In this amount only capital investments ..
At the same time you will learn the industry and generate transactions not in the usual way but through owner financing etc.…
Creative way .. No !!! Conventional.
Feel free to contact me or contact me on Meet Up
Hi Michael,
First of all I wanted to thank you for sharing. Putting yourself exposed like this is already a great start and in my opinion the best way to learn.
Almost all of us here before we started have experienced what you are experiencing, you are in an amazing process of understanding that if you work correctly with the money, in the end it will work for you.
I think there is a tendency to begin, to want to exhaust every possible piece of information to confirm that we are making the right decision.
In my opinion, there is no such thing as the right decision. And the main idea in business and investment is to constantly move (inhaling forward, but also going back any time it is important)
Regarding real estate. I personally before entering the field I hated it terribly.
Real estate agents, and people I knew in the past, always made me think it was a dubious field and not for me.
In retrospect
There are disgusting people in every field. And in the end, pleasure is in the environment and in the work you create for yourself
In this world of real estate
I'm sure you'll start investing, and when you enter the first, second and third projects, experience will lead you to a niche where you can feel comfortable and as your niche progresses.
You can discover what this niche is just by experimenting and being.
Either way, it sounds like you're the one to succeed. So now it's a question of how fast you will start moving.
Good day 🙂
There are quite a few passive alternatives to investment, as the company here has already said to join the entrepreneur as a money partner and share profits.
Another way to join a group of investors headed by an entrepreneur, so instead of investing in a single property alone you are a partner in a group that holds a number of properties so that from your point of view there is very little engagement.
There is no one way, each method advantages and disadvantages, try to deploy the alternative in front of you and choose the alternative that best suits you.
In any case, I recommended that you start small and gradually gain confidence and grow into it.
Good luck 🙂
following
Where is the Metap and when? Can give details?
Regardless of real estate, but first change the thought and lower the "no" since thought creates reality. You have a long-term plan and it's great that you start from the age of 26.
The most important tip to you is to start at home 1 bro another one again it takes time but you will arrive. It is most difficult to accumulate the first 100 shekels, the next century a little less and so on. The effect of time on investments is critical. If you can not make the mistake of 99% of young couples who buy a house first and at the end of the mortgage they only have a house 1 because every few years they upgrade a house… and the money you invest in the first property and only after you have at least 5 properties buy yourself.
It's hard this long but it's coming.
I started to invest in 32 age and only now at the age of 38 with 3 Kids I think of buying an apartment for myself as a young couple but that after I have accumulated 5 properties in Texas.
So you have to be patient and optimistic and think abundance and it will come
Successfully
Maybe when you start, you'll see how attracted you are to it. You might be surprised.
Offers to study in an organized manner and go to business. We certainly do not start a full-time job in the field independently - but build it slowly. So that for me - you can enjoy all the worlds and take it at your own pace.
Offers you at least initially (in some first properties) not to do alone!
Join an experienced entrepreneur, with whom you feel comfortable and make deals.
If you try to do alone when you have never made a deal, you may lose your money and pity.
.
As Yoni said would do a partnership with an entrepreneur who has a team and works,, the intention is to partner money to Flip and then share the profit. Or Rachael Ranthal, the entrepreneur does all the work and receives an escort fee
Definitely following.
There is definitely a way, connect to a professional entrepreneur who will accompany your investment from A to T. And so you can enjoy both worlds.