The Basic Foundation of a Real Estate Investing Business | 554
Epic Real Estate Investing
Matt Theriault
4.7 • 955 Ratings
🗓️ 28 December 2018
⏱️ 7 minutes
🧾️ Download transcript
Summary
If you wish to start a business but you are not sure what it takes to establish it, stay with us because, today, we are giving you the basic foundation of a real estate investing business that will set you up for success. Learn how to reach your financial independence quickly, how to set up a legal entity, and why you should pay yourself first.
Transcript
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| 0:00.0 | This is Terry O'Media. |
| 0:05.0 | Hey, rock star, Matt here at Epic Real Estate, and you know, you can't build a strong building |
| 0:10.2 | without a strong foundation, nor can you build a strong real estate investing |
| 0:14.4 | business without a strong foundation as well. So let's go ahead and discuss what |
| 0:18.9 | does it take, what are the basics of building a strong foundation for your business. |
| 0:23.0 | We're going to cover that today on this episode of Financial Freedom Friday. All right, so I just got off the phone with a brand new REA's client. We just had his |
| 0:38.6 | introductory call. We did his little intake call. We get we're setting everything up |
| 0:42.2 | for him. He's going to be in about 10 days to launch his real estate investing business and so we're doing all that for him but he asked what can I do between now and then to be prepared what should I be doing and so I gave him some ideas of |
| 0:56.3 | what he could look at right now even though we're doing so much of this forum |
| 1:00.3 | already but the things that he can do all have to do with setting up the foundation |
| 1:04.8 | of his real estate investing business. |
| 1:06.7 | So number one was, come in to your business right from the beginning with a mindset on income right people |
| 1:17.3 | come into real estate thinking they're gonna make giant piles of cash or |
| 1:20.9 | that's their intent to make piles of cash and that you're |
| 1:23.5 | going to have that's going to happen you're going to make money in real estate but |
| 1:26.9 | really come in with a mindset on income coming with that being your focus |
| 1:32.4 | because it really is it It's just the fastest |
| 1:34.4 | weight to your financial independence. Even if it's not the most exciting path, it is the |
| 1:37.9 | fastest path. And because it's the fastest path, I think that's pretty exciting. |
| 1:41.2 | So that's number one. Number two, get organized. And that can |
| 1:50.5 | be as simple as just clearing out some space at home or maybe even |
| 1:54.2 | clear out an entire room if you have the ability to do so and just create your |
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