Join John Crutchfield, a seasoned real estate investor and former educator, as he provides a comprehensive guide on how to start investing in real estate from scratch. John shares his personal journey from having limited funds and credit to owning hundreds of homes and various commercial properties. He outlines three essential elements needed for success: time, money, or experience. Through his detailed discussion, John also emphasizes the importance of creating a consistent schedule, focusing on income-producing activities, changing your social circle to include more investors, and effectively making offers. Whether you're new to real estate investing or looking for a fresh perspective, this video offers valuable insights and strategies to help you succeed in the industry.
Podcast Timestamps:
00:00 Introduction to Real Estate Investing
01:05 My Journey into Real Estate
04:34 The Importance of Time, Money, and Experience
15:25 Making a Schedule for Success
26:00 Focusing on Income Producing Activities
29:14 The Importance of a Supportive Network
31:43 Focusing on Income-Producing Activities
32:24 Tracking Your Progress
11:03 Changing Your Circle for Success
41:30 Effective Real Estate Strategies
48:35 Making Offers and Closing Deals
53:29 Final Thoughts and Getting Started
Actionable Takeaways:
· Create a structured daily schedule for real estate investing, blocking out specific hours (e.g., 8am-12pm) dedicated to income-producing activities like prospecting calls, networking, and making offers.
· Track and measure your real estate activities: Count the number of seller calls, offers made, networking events attended, and social media engagements to ensure you're taking consistent action.
· Audit your current circle of influence - intentionally seek out and connect with active real estate investors through meetups, Facebook groups, or by hosting your own networking events.
· Develop a habit of making multiple offers weekly, focusing on properties with clear owner or property problems that create motivation to sell at a lower price.
· Ask yourself daily: "How many sellers have I talked to in the last seven days?" and "How many offers have I made this week?" to maintain accountability and momentum.
Quotes:
1. "You cannot grow your bank account being tied to broke people."
2. "If you're passionate about something and excited about something, you put as much time into it as possible. You put as much of your money into it as possible."
3. "Momentum comes when you start actually doing deals. Momentum comes from doing the work."
If you are interested investing in real estate and make connections, shoot an email at [email protected]. Read on some of our blogpost http://grabthemap.com/.