Unlocking Success in Real Estate Wholesaling: Marcus Harvey

First Time Investor Mistake: How To Avoid Common Pitfalls In 2024

May 28, 2024 Tony Jacobs
First Time Investor Mistake: How To Avoid Common Pitfalls In 2024
Unlocking Success in Real Estate Wholesaling: Marcus Harvey
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Unlocking Success in Real Estate Wholesaling: Marcus Harvey
First Time Investor Mistake: How To Avoid Common Pitfalls In 2024
May 28, 2024
Tony Jacobs

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Embark on a journey to financial savvy with Mr. Property Relief and me as we dissect the crucial do's and don'ts for burgeoning real estate moguls. Get ready to build a fortress of knowledge that stands unshaken in the tumultuous tides of the market. You'll be equipped with the tools to conduct ironclad research and the wisdom to staunchly ignore the siren call of emotional investments, all while crafting a strategy that could be your blueprint to success. Whether it's a deep dive into the perils of following the herd or the masterful art of portfolio rebalancing, this episode is your ticket to dodging the missteps that snag the unwary.

Join us as we navigate the labyrinth of tax codes with the aid of sage CPAs, uncovering the goldmine of government incentives that beckon the smart investor. We're shedding light on how your day job can become a powerful ally in your investment endeavors, and the irreplaceable value of guidance from seasoned professionals. From the significance of the 1031 exchange to the nuances of utilizing stop-loss orders, we're pulling back the curtain on strategies and advice that are as actionable as they are enlightening. Tune in and transform your approach to real estate investment, emerging not only unscathed but triumphant in the face of common pitfalls.

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Embark on a journey to financial savvy with Mr. Property Relief and me as we dissect the crucial do's and don'ts for burgeoning real estate moguls. Get ready to build a fortress of knowledge that stands unshaken in the tumultuous tides of the market. You'll be equipped with the tools to conduct ironclad research and the wisdom to staunchly ignore the siren call of emotional investments, all while crafting a strategy that could be your blueprint to success. Whether it's a deep dive into the perils of following the herd or the masterful art of portfolio rebalancing, this episode is your ticket to dodging the missteps that snag the unwary.

Join us as we navigate the labyrinth of tax codes with the aid of sage CPAs, uncovering the goldmine of government incentives that beckon the smart investor. We're shedding light on how your day job can become a powerful ally in your investment endeavors, and the irreplaceable value of guidance from seasoned professionals. From the significance of the 1031 exchange to the nuances of utilizing stop-loss orders, we're pulling back the curtain on strategies and advice that are as actionable as they are enlightening. Tune in and transform your approach to real estate investment, emerging not only unscathed but triumphant in the face of common pitfalls.

Podcast Intro 

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Speaker 1:

Welcome to the Professionals Real Estate Investing Podcast. I'm with my guy, marcus, mr Property Relief, how you doing today, bro.

Speaker 2:

Oh, doing fantastic, man, you know it's a good day.

Speaker 1:

Oh yes.

Speaker 2:

So far, so good.

Speaker 1:

Right Me, I'm under a little weather, but you know what? I'm going to knock this out.

Speaker 2:

We're going to knock this out today, yeah.

Speaker 1:

Man, we got to get it done, you know, oh, I know. So, uh, this one's. This episode is going to be about first time investor mistakes how to avoid common pitfalls in this year of 2024 let's get this is gonna be.

Speaker 1:

It's gonna be. This gonna be a good topic. I was giving you the rundown of how he's gonna do this and shoot it's to be the mistake, and then the avoidance strategy of it. So we got we have 10 good ones. The first one is a number one is the lack of research and understanding. The mistake is investing in something you don't understand. You don't want to invest in anything. You don't want to invest anything you don't know about. You ain't trying, you're not trying to lose money at this no, no, you're not at all.

Speaker 2:

Um, this is a first good point right here for you know, for this topic, uh, having a lack of research and understanding is just um ridiculous. If you don't know what you know you're investing in, you should be researching, understanding uh, what you're investing in. You should be researching, understanding uh what you're the process of it and um just being able to um do your homework, get every detail you know, uh, try to find out every detail of what you're researching um and um the type of investments you're trying to make.

Speaker 1:

So yeah, and this is the, the strategies is what, like we, like we, we do books, online courses, financial news website, university, Exactly and and make sure, and make sure they're credible, because there's a lot of stuff out there that's not credible what you think you're learning something the right way and you're not. But you got to do your due diligence to make sure that what you're learning is the right way and you're not. But you got to do your due diligence to make sure that what you're learning is the right way and it's the proper way of doing things.

Speaker 2:

Yeah, if you're going to go down that rabbit hole, make sure it's the right rabbit hole.

Speaker 2:

Exactly right that way you're, that way you're learning, um, you know the right way. Um, make sure whoever you're learning from, or whatever information you're receiving, make sure it's good information. It's not going to give you the runaround. Take the time to educate yourself about the basics of investing the different asset classes. I agree, the specific investments you're trying to consider, just yeah, everything you just named, from books to YouTube, university, any kind of online courses, uh, financial news websites I totally agree with you. You have to be able to, you know, figure out, um, you know what you're investing in. So it's very important. It's very important.

Speaker 1:

Yeah, do you want to do, you want to do that research before you spend any money? Cause you know, like uh, especially with real, with real estate, you know it comes down to that return you how much you're going to get in that return. So, yeah, you gotta do your due diligence when it comes to all that and to learning about what you're, what you're setting your, your goals and your sights to.

Speaker 2:

Yeah, yeah you have to, um, because, like you said in the beginning, you don't want to lose money. You do not want to do that. If, if anything, you just want to break even if something goes bad. You don't you want to, don't want to try to lose any money. So, um, just researching and understanding what you're investing in is just really important. You just can't really stress that enough because, um, overlooking like the simplest stuff can like cost you. Yes, it can.

Speaker 1:

Number two I've I've actually heard people do this and I'm like yeah, that's. This is not good at all. Emotional investing mistake making investment decisions based on emotions rather than rational analysis.

Speaker 2:

I'm almost yeah, I'm almost close to saying that this. This should have been number one, but number two it's cool for this emotional investing. This is just a no brainer. Do not involve your emotions while you're trying to logically invest in real estate, trying to make sure the numbers work. Make sure, like you know it's, there's a return, there's an ROI. You can't fall in love with a property, it's just no. You can't fall in love with a property.

Speaker 1:

It's just no, you can't. And like it says, it says avoid strategy. Develop a clear investment plan and stick to it. Avoid making impulsive decisions based on market fluctuations or news. Yeah, you got it, you and, and in the long haul, like it's, it's a marathon, especially when it comes to real estate. You got to know, you have to know what you get yourself into, but just don't go about you know what? Oh, I got this. There's an investment property. It's good. Oh, I think it's good. But even if it's not, at least I got an investment property. Hold on a second. Where's the location? At what's?

Speaker 1:

your return Do you know any of these? Do you know any of these details that are very important to owning something and to be as being an investor?

Speaker 2:

Yeah, and you have to. Just, emotional investing can get you caught up like really, really bad, like you can't not just fall in love with the property oh, I like this, this is my favorite part about it Like you can have those feelings, but at the same time it's just, it starts off bad If you start falling in love with this investment property because it leads you away from not running the numbers correctly. You like it so much, you willing to overpay for it.

Speaker 1:

Nah, oh yes, see, that's huge too. Yeah, cause some people will do that. They'll overpay just the simple fact that they have an investment, but that investment can be a serious headache.

Speaker 2:

Yeah, they love the problem.

Speaker 1:

If you're overpaying and there's problems with the investment.

Speaker 2:

Yeah, they're in love with the location of the property, so much that their emotions took over on what the numbers say you know right.

Speaker 1:

Right is that kind of like that, that that jay-z line men lie, women lie, numbers don't lie numbers ain't gonna lie, but no, they're not, no, they're not you have to make the numbers, that those numbers have to work, or else you just you.

Speaker 2:

you're not really investing, you're just. You know you're emotionally invested in a property, not logically and financially investing in it and thinking with a clear mind. You know there's a lot of good looking properties out there. You know that people have built so it's just like you can't fall in love with it If it's for investment reasons. Always stick to the numbers.

Speaker 1:

Exactly, yeah, and, like I said, you know, definitely have a plan and stick to it. Number three lack of diversification. The mistake putting all your money into one investment or a single type of asset yeah, one investment or a single type of asset. Yeah, when you, when you come to a being an investor, you want to make sure that you have a diversified portfolio right. Yeah.

Speaker 2:

Yeah, in the beginning you know you're going to do onesie twosies cause you're getting in the game, but eventually, as an experienced investor, you're going to have a portfolio. So you want to diversification, you want to have multiple things going. You don't want to put all your eggs in one basket, as they say. But you know avoiding strategy is diversify your portfolio across various asset classes stocks, bonds, real estate, et cetera and within those classes, different sectors, I agree, geographical regions. This helps spread risk and improve the potential for returns. So that's the avoidance strategy, for you know the mistake of putting all your money into one investment.

Speaker 1:

One investment. That's true, very true. Number four ignoring fees and expenses. Number four ignoring fees and expenses mistake overlooking the impact of fees and expenses on your investment returns. And that's the part where you like you know what, uh, the emotional investing kind of, kind of like hand in hand, if you don't know these numbers and you're just going by the investment like you're really gonna, and you don't know the fees and the expenses to this, this property, yeah, getting a bind, a real serious bind, real fast.

Speaker 2:

Yeah, you can't overlook that. Um fees and extra expenses, you have to add everything up. You can't forget about commissions and the exit strategy of your investment. Uh, paying realtors, if you're going to list it with them, you just have to. You can't overlook those, those, those little fees. You know they can get you and they, they can slip away from you, but, um, you know you have to, you have to be up on it yes, you do.

Speaker 1:

Number five timing the market. That's kind of kind of crucial too, especially in the time period we're living in right now. It's a mistake trying to predict market movements, to buy low and sell high and with real estate, because you got to think. I tell people with real estate they're like this is a bad time to buy. I'm like it's never a bad time to buy. If the numbers are right, you can buy anything you want.

Speaker 2:

Oh, yeah, for sure, timing the market is important because of I guess what interest rates and stuff like that. You know stuff's always changing too. But um, it really um. If you know multiple strategies and then, like you just said, the numbers are right, you can close on a deal. As long as the seller agrees, the buyer agrees, it's all negotiation at the end of the day. Retail market wise, yeah, timing the market is good. If you're trying to buy retail, I'm pretty sure you want to like what season are we in? What are the interest rates like? You know stuff like that. But for investors that are always like looking for discounts and stuff like that on properties, then you know those numbers work the market. You don't really have to time the market. It just depends on what strategy that you're using for whatever particular situation on the property. It's just what it is, you know.

Speaker 1:

And like. I said create a financing or whatever you know and, like I said, creative financing or whatever you know, and, like I said, with uh, with real estate also too. Um, it's the way you have to present. It is like a marathon and I like the statement it says right here. Instead of instead focus on long-term investing and maintaining a disciplined approach, regularly invest, regardless of market conditions it to benefit from compound growth over time.

Speaker 1:

So it's going to do a length of time. That's where you want to be at and it also helps. I don't mean to cut you off, bro. It also helps too, because with diversifying your portfolio, people want to know like well, how much time do you have in this investment, so it'll go? Everything goes hand in hand.

Speaker 2:

Yep, yep, exactly Like it. Just because real estate is such a good business where, okay, there is short term money and short term investments, but then, like people look for long-term gains and investments too, like you know, that's why there's a buy and hold real estate. And then that's why there's, like you know, wholesaling and stuff like that, because there's a way you can make short term, quick money and then turn around and build yourself up doing that and then you can save your money to make those long term goals, those big plays, those you know buy and hold plays. So, yes, indeed.

Speaker 1:

Yes, indeed. Number six neglecting to rebalance. So the mistake, failing to adjust your portfolio over time to maintain your desired asset allocation.

Speaker 2:

Yeah, I agree with that. That's a good one. Neglecting to rebalance over time. As you're investing, you always have to look at their portfolio to make sure it's a well-balanced portfolio. You don't want to definitely over-leverage yourself. You definitely want to get the most rebalance. Your portfolio is awesome, you know. Periodically review and rebalance your portfolio to ensure it aligns with your risk tolerance and investment goals. Yes, this may involve selling some assets and buying others to to maintain your target allocation for your portfolio. I totally agree. You have to just every now and then just look at it. You know, I guess most people look at it once a week, maybe once a month or something once a quarter, but you have to look at that as an important thing to do. You have to have balance in that portfolio. You don't want to be over leveraged and you have to. You have to make moves. You know if you have to make them 1031 stuff man, all that.

Speaker 1:

You have to make them 1031 stuff, man, all that and two you got. And you have to view it also too, with it comes to this, as you were stating about the avoidance strategy, you know, periodically review and rebalance. This is a business. So how? How? How do you want to run your business? This is the best way to run your business, cause. So you know what's going on with the property that you have, yeah, yeah.

Speaker 2:

I agree. It's just, it's business and the numbers have to be right. Um, you gotta make sure um balance, your portfolio is balanced, and it's just. That's just the way it goes. You know you're not, you're in this to make money, so you gotta keep everything you know level and um just don't over leverage yourself you know level and um, just don't over leverage yourself.

Speaker 1:

No, you don't number seven following the crowd. Yeah, yeah, you don't want to follow the crowd. My mom said do not follow the crowd, be you, you, unique in your own self. The mistake investing based on popular trends or tips without conducting your own research. So that kind of goes to number with number one lack of research and understanding you want to do your own research.

Speaker 1:

So know, what you're getting yourself into. You don't want to go. You don't want to go by somebody else's opinion. If you do, make sure that they've been in the game, that they got portfolios too that they can explain. If you have questions, they can answer those questions.

Speaker 2:

Yes, and the stuff that they're telling you and teaching you, go fact check that you know, see if what they're saying is credible and that it's, you know, legal and by the book. You know just exactly. You don't want to be just listening to anything cause you know it's it can. You know just exactly. You don't want to be just listening to anything because you know it's it can steer you down the wrong direction.

Speaker 1:

So, um, make sure it's critical, like you said, I'm glad to say, with the fat check, because you got to think hey, google is the biggest search engine in the world. Second is YouTube. You can find out. With whatever they, whatever they're speaking about, you can find out if the answer is right or wrong.

Speaker 2:

Right, yeah, exactly Exactly. You can find out, just fact check some stuff, and if it's just something you don't agree with or you found out that that's not true, then you know you shouldn't be listening to that person, no more.

Speaker 1:

Exactly, and if you and if you have, if there is a difference, you know and ask them like, okay, well, I found this out. What yeah for you from what you said? Why did you say it that way?

Speaker 2:

and then you go, you go from that direction yep, yep, you can do that too, kind of like, you know, confront a little bit, but not on, no, you know, trying to like no one up them or something. But you just say, hey, check this out, remember what you told me last time? Well, I went and fact checked that and this is what I found out. So you know, it's not like who's wrong or who's right, it's just like you know, this is what I found. It looks like you was misinformed, or maybe you know you wasn't, so everything you said was either true, incredible or hey, let me, let me show you how you was misinformed. Someone misinformed you. This is what I found out, so they can know for later.

Speaker 1:

You know Exactly, and then, at the end of the day, it's dealing with someone else's money.

Speaker 2:

Yeah.

Speaker 1:

Like I said, they're not trying to lose no money. No one's trying to lose no money into this real estate game. If they are, there's other ways to lose money.

Speaker 2:

I'll tell you that right now there's casinos everywhere. Oh man, just go on and give it to property relief. You know what I mean. Just get rid of some money real quick, if you just giving it away.

Speaker 1:

Giving it away, yeah, you can't release some properties?

Speaker 2:

I really, yeah, let me relieve some of that, uh that money from you. Then I mean I can release property or money.

Speaker 1:

Exactly, oh man, number eight neglecting risk management. The mistake is underestimating the importance of risk management and investing beyond your risk tolerance. Yeah, avoid strategy. It says access to risk tolerance realistically and invest accordingly. Consider factors like investment horizon, financial situation, comfort level and I can't pronounce this word volatility volatility is kind of one of them words is a ton twister right there.

Speaker 1:

Use tools like stop loss orders to protect against sufficient significant losses. You don't want no sufficient losses, I'll tell you that now. If you do want losses, that's that's. That's on the tax side. That's a different subject.

Speaker 2:

Yeah, that is. That's a totally different subject, but yeah, this is unexpected.

Speaker 1:

This is. This is where you're not doing your due diligence and find, like what I need to do, what again?

Speaker 2:

Right, exactly, neglecting risk management. That's just. You can't do that. You have to. You always have to know how much risk you're taking. You know, with your portfolio, with, like just with with business, you have to know how much risk you're taking because it's like it's tough out there and you just you know you have to stay on top of it. You know, um, you gotta look towards the future to see you know what to try to see what's coming ahead. You know that's the best way you got to try to, um, yeah, protect significant losses, use those vital tools that's going to help you in risk management, to help you. You know, uh, follow the right direction in, in, in, in reducing your risks.

Speaker 1:

Yes, and especially in real estate too, and investing in it, you're always you're always best way of putting it. You always take a risk. They have projections, there's projections and everything. Those projections help you out into some type of structure to know what you're working with. But unforeseen occurrences happen, so you got to be, you got to be aware of that. Yeah.

Speaker 2:

Yeah, that's. It's just no. Life happens. You can't control it, there's no way you can. You know, sometimes unforeseen, and you have to be ready. You just have to be as ready as you can be and then, when that risk comes, I mean when that situation comes take the best risk management position you can.

Speaker 1:

Yeah, the line that I've always been taught uh, stay ready so you don't have to get ready.

Speaker 2:

Yes, sir, I mean all the time you have to. You know you have to, at least you have to try. Sometimes you you can't stay ready because you know of of certain situations catch you off guard. But, um, you stay ready as you possibly can be. That way you don't have to get ready yeah, yes, number nine.

Speaker 1:

This is huge yes, none of these are in particular order, but this is a huge one ignoring taxoring tax implications. Mistake, failing to consider the tax impact of your investment decisions.

Speaker 2:

Yeah, buddy, failing to consider the tax impact of your investment decisions. So avoiding that is understanding the tax implications, implications of different types of investments and strategies. Utilize tax advantaged accounts like iras and 401ks where that where applicable, applicable, sorry, and consider tax, yeah, to consider tax efficient investment strategies to minimize your tax burden. Yeah, this is so much part of the real estate game I don't even know where to start. Like half of the half of people just invest in real estate just because of tax, like millionaires do it just because of taxes and it's just a good, uh, um vehicle to be able to offset income and just man like, but that's why you can't ignore, um, you know, um, the taxes that are involved capital gains and stuff like that when you sell property. You can't, you can't ignore that stuff. Like taxes have to be handled. Um, what are you doing about it? Are you 10, 31 and things? Are you um defer that that needs to be taxed on on real estate transactions? You can't ignore that stuff, man.

Speaker 1:

No tax is taxes with real estate. It's a whole nother atmosphere when it comes to things. And another thing too when it comes with uh taxes and because me and rocky had a episode about that is like get a good cpa. Like if your cpa you know, shop around. Get a good cpa if they, if they know what they're doing, especially when it comes to real estate investing, keep them, because it's hard to find. It's hard to find good CPAs right now when it comes to that, because there's some that don't know anything about the tax codes when it comes to real estate investing.

Speaker 2:

Yeah, shout out to the boy Carlton Dennis out there. I'm going to go with his opinion on CPAs. You probably want to not go with CPAs and go with the actual tax strategists CPAs is. I think he's he was talking about CPAs don't know everything about taxes like you know actual tax strategists would, so he says to, like I said, shout out to Carlton. He says to go with a tax strategist instead of a CPA bro. Ok, yeah, that's why I said the part with the CPA because some CPAs do know.

Speaker 1:

I said the part with the CPA because some CPAs do know. Yeah, they do. The one me and Rocky got with she definitely knows. But, like I said, a lot of them don't know, A lot of them don't know.

Speaker 2:

She's probably CPA slash tax strategist so she knows like the IRS rules and certain loopholes and stuff like that. But yeah, for the ones that CPAs that just don't know the-.

Speaker 1:

Have no knowledge of real estate.

Speaker 2:

Yeah, yeah, have no knowledge of real estate or have no knowledge of how IRS works and stuff like that, then you should be sharpening your game a little bit better to become more of a tax strategist than just a CPA. You know what I mean, because CPAs just kind of account for stuff and kind of just look over like how, you know how money is being spent. You know, that's, that's what I get from CPAs. And then tax strategists, you know they will tell you hey, you got this much of a tax bill, um, you can do this, you know to. You know they strategize what you could do with money that's owed to the IRS or um, you know stuff like that, you know.

Speaker 1:

Yeah, is that? And I was thinking the other thing too, because, you know, with a tax strategist that knows real estate, uh, there's going to be a huge plus also because how many doors do you got, right? I mean, like, how many doors you got what? What class property do you have, Do you you? You got three doors, you have you got four homes. You could have a multifamily, like. There's so many different ways and avenues that you can work with the, the, the tax laws. And the thing about it is is people think, like the wealthy, they just do it, just because they're just cheating on taxes. No, the government has a tax book. We don't know anything in the tax book. Like you said, tax strategies would work perfect. Why? Because they know what the tax laws are. The government gives people a huge incentive if they own real estate and that's just the way it is, and business owners too.

Speaker 2:

You own a business. You're going to get help with your business. The government is going to incentivize you for hiring people and for doing certain things that they can't do.

Speaker 2:

That's just how it works, man. It's just that's how they got it set up. Um, it's been like that for um. You know, eons and eons, yeah Right, many moons, yeah, many moons. It's just nowhere around. And that's how they have a setup. They have a setup for the business owner to win and the investor to win. If you W2, you're not going to win, but it doesn't mean that you're not going to win. Yeah, but it doesn't mean you can't use that W-2 job to leverage into real estate or stocks or whatever it is you're interested in investing.

Speaker 1:

So that part right there that changes the whole game of everything right there, yeah.

Speaker 2:

Leveraging your money, your. W-2 worker leverage that money that you make yeah, just w-2 your way into the investor side, or, or, you know, into the business owner side. That's all you got to do. Ain't nothing wrong with that, just you know, just be smart exactly.

Speaker 1:

And then number 10. Last but not least, lack of professional guidance mistake, avoiding professional advice when needed. Yeah, you know, don't go in there blindfolded and just think you know everything about something right.

Speaker 2:

Yeah, you have to um have professional guidance. Make sure they're credible. Like I said, make sure you're listening to the right person. Yes, um, avoiding strategy is if you're unsure about your investment decisions or need personalized advice, consider consulting with a financial advisor. They can provide tailored guidance based on your financial situation and goals. Yeah, I agree with that. Other than a financial advisor, there's other people you can talk to. You know, like I said, tax strategists just get a little bit of game from everybody CPAs but make sure they are professional, not just somebody that just hasn't been doing it for a while. They got to be credible and have been doing this for a while to be able to give you the advice. You know we're doing this podcast. I don't know everything, but I'm learning as I go. Podcast I don't know everything, but I'm learning as I go. But I've been in real estate and learning about real estate for years and years like what?

Speaker 1:

10 years over at least?

Speaker 2:

yeah, shoot with your dad and everything, yeah, just with my dad getting me in. But I just feel like I'm still a new beginner because, you know, I'm still like trying to get deals and trying to, um, you know, uh, make uh my own portfolio. Yes, start my own portfolio, so yeah.

Speaker 1:

Yeah, those. These are 10, 10 reasons, uh, how to avoid common pitfalls first time or first time investors because, uh, man, you don't want to go down where you have to owe money. Don't take advice from anybody. Talk to people who are credible. You've talked to people who even have, they have a portfolio and they can give you some some of the best advice right there.

Speaker 2:

Yeah.

Speaker 1:

Yeah.

Speaker 2:

I mean, like I said, I take a little bit of game from everybody that's in the real estate game because there's so many different avenues. There's certain people I listened to for new construction. There's certain people I listened to for, like you know, pre foreclosures and sub twos and stuff. There's certain people I listened to for just for multifamily, because there's, you know, that's what they do. So I just get a little bit from everybody, put it together and just make sure you know that I'm listening to, to credible people and, um, I'm trying to, uh, just find out who's like really that I should try to like follow a little bit more because, like they say, if you're trying to do something that someone else has already done, just you know, kind of copy them, follow them yeah, exactly, yeah you know, do try to do what they do.

Speaker 1:

I was thinking also too, especially cause, like uh, when I came up with the name uh um, the professional real estate investing podcast. I didn't want to. You know, the niche is, uh, is real estate investing, but there's so many different aspects of real estate investing, so that's why I made this platform for all types of investing in real estate, not just a section of one, just all different types. And I know some things. I don't know a lot about real estate, but I do know some things about real estate, but I'm just trying to broaden other people's minds. I know I got a few people coming on the show, especially next month, just to broaden people's minds on different aspects.

Speaker 1:

Private lending A lot of people don't know about private lenders and I'm going to have an episode about that. It's just so much. There's so much when it comes to real estate investing the tax laws, just the risk management, your portfolio it's just a whole conglomerate of a whole lot of stuff that goes on with real estate investing and I just want to just bring it out in different aspects so people get a feel of like, okay, it's just not structured in this one sector, it can be done in different ones also. Yeah.

Speaker 2:

Yeah, exactly, there's so many programs, there's so many strategies, no-transcript, you just have to really just dive in when you're investing and figure out which way you want to go, way you want to go. I choose really just to want to be kind of familiar with all the strategies and, you know, to make it a part of my arsenal, my real estate arsenal. So I eventually want to learn every strategy that I can, you know, take, take advantage of and to use. So that's just me, but some people, just they just want to wholesale or they just want to do you know one certain thing, and that's fine too. But I just feel like the more I have in my arsenal, the more I can apply.

Speaker 1:

So yeah, oh, yes, yeah, um, I'm definitely. I just want to know a little bit of, a little bit of. I want to know everything about a little bit of something apart from here, apart from there.

Speaker 2:

I don't want to say I want to be an expert in every single subject or strategy or whatever. I just want to, like you know, familiarize myself, familiarize myself with real estate and take advantages of whatever programs, whatever strategies I can use to help me further my portfolio.

Speaker 1:

So yes, that's Mr Property Relief LLC. How can I get ahold of you?

Speaker 2:

So check it out. You can go to my Instagram page at Property Relief LLC. You can hit me up at 530-366-2116. You could text me. Just give me a shout out if you want to. Yeah, Just hit me up on the property. Sorry, my email propertyreliefbiz at gmailcom. If you want to email me. So yeah, just get at me, Just talk to me. Let's have a discussion or something.

Speaker 1:

Let's talk real estate, exactly. And then the Professionalist Real Estate Investing Podcast. You can go to the website theprofessionalistrealestateinvestingcom. I'm on YouTube with all the episodes and tons of shorts at the Professionalist 23. Tons of shorts at the professionalist 23. And if you want to be on the podcast, you can go to the website. You can go to the website. You can get contacted with me through there, or you can go to real estate investing at the professionalistinfo and then I'll get ahold of you as ASAP. Yeah, I have a few people lined up and it's going to keep on going. I can't wait. I'm going to take a couple on the road. I know you're going to be going down long beach direction and we're going to be doing it. Do an episode of you down there and I'm going to be going to Seattle. So, yeah, we're going to be broad, broaden this out a little bit, more and more and more, and just keep on going. Sky's the limit.

Speaker 2:

Yes, sir, broadcasting Seattle, Long Beach, wherever, and then we're going to get back in the studio and do some more episodes, more more guests coming on, just trying to give you guys more information on this.

Speaker 1:

On this channel and for this podcast, we just want to want to be able to just spread the love and the information to everybody, exactly, exactly and on that note, everybody, have a blessed day, wherever you, at all parts of the country, the world.

Speaker 2:

Be safe Memorial Day weekend. Be safe y'all.

Speaker 1:

Exactly All right, then have a good one, all right.

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