How You Can Teach Yourself Real Estate Investing in 2023
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The YouTube video follows the journey of two business partners who went from owning no rentals to owning 280 rental properties worth $45 million without using their own money. The video is divided into six phases, and the first phase discusses the importance of education. The two partners started out with a painting business and tried being bookies in college. After graduation, they each had full-time W-2 jobs but continued their entrepreneurial spirit on the side. They started reading books, beginning with Rich Dad Poor Dad, which opened their minds and gave them the right mindset and tools to learn more.
The second phase emphasizes the importance of continuing education through podcasts, YouTube, and local real estate investing meetups. The speaker stresses the importance of committing to learning and interacting with others in the industry. They also highlight the value of attending local meetups, where individuals can connect with others in the industry and learn from those who are already successful.
The third phase discusses the challenges the two partners faced in the early stages of their business. The first challenge was the distance between the two partners, with one living in Kansas City and the other in St. Louis. They wanted to invest in St. Louis, but had to figure out how to analyze properties virtually, which was difficult given the limited technology available at the time. The second challenge was getting their families to understand their vision for investing in real estate. Despite these challenges, the speaker emphasizes the importance of connecting with the local community and building relationships with future business partners and mentors.
Overall, the video emphasizes the importance of education, networking, and perseverance in the real estate industry. The speaker encourages viewers to commit to learning and interacting with others in the industry, and to be adaptable in their plans.
The YouTube video follows the journey of two business partners who went from owning no rentals to ow