You NEED to do this first before you invest...
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The video discusses the importance of finding a core focus and niche when becoming a successful real estate investor. Having a niche allows investors to explain their focus to potential sellers and save time for everyone involved. It is recommended to have a geographical pocket, which makes things easier as houses in an area were built at the same time. By focusing on a specific area, investors can learn the style of houses, type of construction, and easily tell what a house is worth. It is suggested to pick somewhere that you are somewhat familiar with, especially if you are investing in your local market. This will help you learn everything quicker and buy more deals.
The speaker emphasizes the importance of keeping your real estate investments close to your home or work to make it easier to oversee the rehab process and ensure that everything is progressing on schedule. They also share their own flipping company's niche, which is landlord-friendly houses within 30 minutes of their office needing cosmetic rehabs with an ARV of $300,000 or under. The speaker warns against going outside of your niche, using the example of a tiny house and a large mansion that they purchased outside of their niche and may not sell quickly. However, they are willing to take these risks because they have a profitable business with many other houses coming in.
Overall, the video provides helpful tips for real estate investors to find their niche and focus on a specific area to attract more relevant deals and save time for themselves and others. The speaker also invites viewers to describe their own core focus and niche in the comments section for feedback and offers free training on how to create financial freedom through real estate.
The video discusses the importance of finding a core focus and niche when becoming a successful real