WIP 1058: Should You Become a Real Estate Investor - The Pros And Cons of Being Your Own Boss

Wholesaling Inc with Brent Daniels

Find distressed properties for pennies on the dollar and turn them for huge profits!

Entrepreneurship, Houses, Make Money, News, Wholesaling, Wholesale Houses, Business News, Entrepreneur, Education, Cash Buyers, Real Estate, Business, How To, Real Estate Agent

4.9 • 1.4K Ratings

🗓️ 12 October 2022

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Real estate investing can be one of the most profitable and fulfilling businesses to own...but it's not without its share of problems. Wholesaling real estate can take a lot of time and effort. But when everything is said and done, your hard work in finding deeply discounted properties and offering value to sellers who have few options, can be extremely rewarding. Both on a personal level and a financial level. Historically, real estate has always been an excellent tool for building legacy wealth.

Brent Bowers is here to share the pros and cons of real estate investing and clarify the benefits... and the risks associated with it.

Make sure to sign up to Brent’s Land Sharks program and be part of a growing community of people who are having tremendous success with land investing.

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Show notes:

(0:48) The episode begins.
(1:04) You are your own boss.
(1:57) You can make your own schedule in real estate •(3:18) The Passive Income section provides you with freedom.
(4:46) In real estate, you can retire super rich.
(5:45) Things can sometimes get dumped on vacant raw land.
(7:28) Things break all the time. That’s the con about real estate
(8:07) Evictions (and how they’re not the end of the world)
(9:00) Debt vs Leverage

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Resources:

Quickbooks
Want to learn more? Check out the Land Sharks program.
To speak with Brent or one of our other expert coaches call (281) 835-4201 or click here to schedule your free discovery call

Go to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space.

Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.

It's 100% free to join. The opportunities in this community are endless, what are you waiting for?

Transcript

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0:00.0	Another pro is retiring super rich. There's an old saying in real estate, buy real estate and wait.
0:08.3	Buy real estate and wait. It all goes up and value eventually.
0:13.2	This is Game Changing Information. Guaranteed to raise your real estate wholesaling business
0:18.2	with actionable steps you can take immediately to navigate the ins and outs of wholesaling
0:23.2	and start making money today. Join us as we put our guests in the hot seat
0:28.1	and dive deep to dissect their strategies for success to enable you to duplicate their results.
0:33.8	You're listening to Whole Sailing Inc. The only show dedicated to making you a fortune in Whole Sailing.
0:42.5	Hey guys, welcome back to another amazing day. I'm going to talk about the pros and the cons
0:48.1	of real estate investing. I'm going to break it down. I'm going to talk to you about the negative
0:51.9	stuff and also the great things about being a real estate investor, a full-time real estate investor.
0:57.3	All right, the first pro. Let's start off with the good. You are your own boss. You make your own
1:03.6	schedule. You answer to your wife or your husband, your spouse when you're not there, when you're
1:08.8	working late, but you're like, Brian, I thought you were going to give us a pro. Sometimes being
1:13.8	your own boss is a good thing and sometimes being your own boss is a terrible thing. So I'm going
1:19.2	to kind of just give it to your real estate. Pro, I love being my own boss. I love taking
1:23.7	vacations whenever I like. I like making my own schedule, but sometimes I pay the consequences.
1:28.5	Like this morning, I had to get up really early to come film today because I didn't have my
1:33.7	information ready. So being in a business owner, that's on me. So I had to get my butt up early
1:39.1	and get it done. So sometimes being a business owner is a really good thing, but also sometimes
1:43.9	it could be bad because you have to work a lot of hours and figure it out too because you're
1:48.2	the boss. You're the owner of the company. You're not always going to have someone else to rely on
1:52.6	and you got to get it done. Next pro is again, I make my own schedule. So I get to pick my kids up
	...

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