I interviewed Brad Callander a while ago for my Journey To Success BlogTalkRadio show. He is a full-time real estate investor. I purchased a fair number of rental properties when I was in my early 20's and I know personally of the challenges involved. Brad has written an article to help you by providing helpful tips so that you can avoid the challenges that are involved.
To all Want-to-Be or Novice Real Estate Investors:
My good friend Tom "too tall" Cunningham has asked me to write this column, in hopes of giving sound advice to all the Want-to-Be or Novice Real Estate Investors out there.
Real Estate Investing, if done correctly, can be
a very satisfying and rewarding career choice.
From my standpoint, the first and foremost task at hand when considering this career choice, is to GET EDUCATED on the subject BEFORE you EVER invest even one cent on a property. I can not stress this enough!
It is important to note, that first you must "re-program" your mind to start thinking, not only as a real estate investor, but as the Rich, successful people think.....VERY IMPORTANT!
My lovely wife Chris and I bought our first investment property only after reading several books, taking in seminars, and building our Power Team. This took us around 12 months before we bought our first property.
We started with Robert Kiyosaki's "Rich
Dad, Poor Dad" book in October 2010, which is where we learned the
importance of firstly getting educated on the subject, and then, building our
I was handed, by my good friend John McKinley, a copy of Napoleon Hill's "Think and Grow Rich", in early 2011. The 17 Principles in this book, cemented in my mind, as it has in millions of others before me, the importance of the "Mastermind" or your Power Team. With out these people, it is unlikely that you will get very far. The big reason is, is that Investing is a team sport, and you simply can't do all the jobs required for investing yourself. You can not be your own Realtor, Lawyer, Accountant etc. Just doesn't happen that way. I, as will Tom, highly recommend you buy and read this book.
In May of 2011 Chris and I started with 1 of 3 Rich Dad Education Real Estate Investing Seminars. All of these seminars were very educational, and taught us a lot of the ins and outs of investing. They all stress the importance of your Power Team.
No doubt, the number one person you need to get on your team is an Investor-savvy Real Estate Agent. These Agents are not your normal "I just sell houses" Real Estate Agents. They speak an entirely different language than a "regular" Agent. They know, like the back of their hand, the way investment properties are bought and sold, and have massive experience to pass on to their clients, including good and not so good areas to invest in, and how well your investment will perform.
As my friend Tahani Aburaneh states in her book "Real Estate Riches", an investor-savvy real estate agent is a most important foundation block on any Real Estate investors team. Tahani is a very well known and astute investor, whose love is to work with beginner and novice investors, and pass on her vast knowledge. I highly recommend you buy and read Tahani's book to get a good idea of what you should and should not do, when you are starting out as a real estate investor.
In October of 2011, Chris and I were Blessed with an incredible Investor-savvy Agent named Corry VanIersel of Cambridge. This man's record speaks for itself. Corry started over 16 years ago where we did, with nothing but a burning desire to be a Real Estate Investor. Since then he has built a very large portfolio, became an actual Real Estate Agent,(after a career as a Police Officer) and works closely with a select few investors like Chris and I.
In October 2011,we bought our first property with Corry, with his guidance and expertise, and cannot be happier that we did! We have since purchased two more properties with him as our Agent and are not looking back! The reason I'm telling you this is because Corry is to us what all investors starting out or otherwise should have....an expert coach and mentor! I can't stress the importance of this enough!
You and your Investor-savvy agent will build a very close working and personal relationship. It is very important to be 100% open and honest with each other at all times in relation to your investment goals. Understand that they cannot work with and help you properly, and will in fact stop working with you, if you don't. Remember...there is no "I" in team.
Another thing about thing that I have found with quality Real Estate Investor-savvy Agents, is their true love and desire to help others get to where they are. Most just want to see others learn to invest properly, and minimize the risk in the process.
I, for one, will be pleased to help any beginner or novice Real Estate Investor with a connection to our large network of Real Estate professionals, coaches and mentors. Just ask.That is my pleasure.
Thanks for reading my column.
Blue Roof Investments
You can reach Brad Callander by email at firstname.lastname@example.org
Brad Callander will be writing other articles for my newsletter subscribers and blog.