If I Was Starting Over From Zero Knowing What I Know Today | E20
The Rich Somers Report
Rich Somers
5.0 • 1K Ratings
🗓️ 9 February 2023
⏱️ 10 minutes
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| 0:00.0 | So all these big name investors that you guys see out there, the Grant Card owns of the world, |
| 0:04.3 | these guys at some point learn to raise money because I don't care how much money you have. |
| 0:09.2 | Eventually you're going to run out of your own money and you need the ability to attract private capital. |
| 0:14.8 | Welcome to the Rich Drummers Report where we talk real estate, business, and wealth |
| 0:19.0 | building all while keeping it real. |
| 0:21.0 | No fluff, no BS. I hope that you enjoy the show. |
| 0:24.0 | All right guys, welcome to another episode of the report in this episode. |
| 0:33.0 | I am going to talk about what I would do if I was starting all over |
| 0:37.0 | from zero, no real estate, no net worth, |
| 0:40.3 | what I would do to make money knowing what I know today. |
| 0:43.8 | So I'm going to give you three options. |
| 0:45.6 | The third one is going to build you the most amount of wealth, |
| 0:48.6 | but starting with number one. |
| 0:50.0 | Number one, I would start a wholesaling business. |
| 0:53.4 | And basically all that is, it's a great ROI on your time, |
| 0:57.3 | but basically you're just going out and finding deals. |
| 0:59.8 | There's real estate investors out there everywhere that are looking to buy deals, whether it's |
| 1:03.8 | single family looking to fix and flip, whether it's multifamily deals, you got small multifamily, |
| 1:08.3 | you got large multifamily, boutique hotels, you can get into the larger commercial stuff as well but everyone out there |
| 1:13.8 | investors they need deals to buy so if you can figure out a way to find deals |
| 1:18.2 | and source off market deals you can basically tie up these contracts and assign them to investors who will pay you a premium |
| 1:27.6 | just to have the rights to buy that property. |
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