Looking back at my 20+ years in real estate, if I could give advice to my 20-year-old self, I would give it with the wisdom I have gained from all the experiences I have had. Here is what I would share:
Don’t give up your real estate: If I could do it over again, I would not give up all the real estate I own.
Buy, buy, buy: Buy real estate early and often. It's like planting a seed that will grow into a money tree. Of course, you have to do it smartly: choose the right property, do your research, and don't rush anything.
Save for a down payment: Money talks, especially in the real estate industry. So instead of putting your hard-earned money into something that won't pay off, start saving for a down payment on your next property. Trust me, a little sacrifice now will pay off big time in the future.
Tapping into your home equity: Don't let your home equity just sit there collecting dust – tap into it! Whether you want to upgrade to a bigger home or get another investment property, tapping into your home equity can be a game changer. Before you get started, make sure you have a solid plan in place.
Now, I know what you're thinking: “Well, he's only saying that because he's in real estate.” Listen, look at the people who have followed this advice. They've done extremely well financially. Real estate is a surefire path to wealth.
So, that's the real estate wisdom I wish I'd known in my 20s. Buy smart, hold tight, and watch your wealth grow. That's it. Go out and conquer the world of real estate. Your future self will thank you. 🏡💰