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Epic Real Estate Investing

Go Deep Before Going Wide | 373

Epic Real Estate Investing

Matt Theriault

Business, Investing

4.7955 Ratings

🗓️ 13 April 2018

⏱️ 7 minutes

🧾️ Download transcript

Summary

It's tough for real estate investors to pass up opportunities - it's in our nature to look for new ways to be successful, and sometimes, we just want to try everything! But today on Financial Freedom Friday, Matt shares the benefits of resisting new opportunities in favor of going deep before wide. Learn 4 specific things you can do to set yourself up for success in future properties, markets, and asset classes.

Transcript

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0:00.0

Hey Matt here at Epic Real Estate and welcome to Financial Freedom Friday with Matt Terrio.

0:19.0

So this last week I just got an email from Mike, he's a podcast listener and he

0:22.2

asked me a really good question.

0:24.0

Really simple basic question, but it's really good because if you get this wrong,

0:28.6

you know, your entire real estate investing can just go right down the toilet and we don't want that.

0:32.9

So I wanted to address this with everybody because you might have the same question as well.

0:36.8

Mike had asked me, listening to the last podcast, I have a question, what do you mean by going

0:40.8

deep before going wide?

0:42.8

Because Mike, he says, I recently bought my first investment property.

0:45.6

Are you saying, learning the business ends and outs

0:48.1

with this property before I go buy another?

0:50.1

Focus on this property, don't go buy another property too soon.

0:52.6

Well, yeah, kind of.

0:53.6

And that's a great question, Mike, because, you know,

0:56.2

as entrepreneurs, real estate investors and entrepreneurs,

0:59.5

we have this desire inside of us. Like it's just part of our DNA that we just want to go

1:05.2

further faster than anybody else. We just want more and more like this is

1:10.1

good this must be better and how fast can I get to the top and so I can have it all.

1:14.9

And that can be really dangerous if you're not careful with that.

1:19.5

It can be a blessing as well, but it can be dangerous.

1:22.2

The other part about us as entrepreneurs. blessing as

1:24.1

entrepreneurs

...

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