Wed, 9 May 2018
This week we’re going to hear a masterclass from Matt Motil in how you can invest in property using hardly any of your own money. Matt will also share with us the mindset you need to take the plunge and make property investment a career choice.
Matt worked for 20 years in the construction industry, but it was only once he got into teaching that he realised he should leave the rat race behind and become his own boss as a property investor. In his words, he was merely “helping people become employees”, so he strived to find a better way.
Now Matt has a vast property portfolio and a highly successful company that has helped hundreds of property investors around the world. He is also a 3-times bestselling author and hosts the excellent Cashflow King and American Entrepreneur podcasts. He clearly knows his stuff!
Read on for Matt’s top tips:
** When people try and persuade you to stay as an unhappy employee and say things like “keep at it, it’ll get better”, don’t assume this is true.
** Don’t worry about letting people down. If you want to break out of the system, go for it.
** Don’t wait for the perfect time to make a big move. Life will pass you by otherwise.
** The same applies to property. Don’t be so afraid of making that first investment. If you wait for the ‘perfect' property, you won’t find it.
** There is no secret formula for what makes a successful property entrepreneur. In Matt’s study of property entrepreneurs, the common theme among them is as simple as “getting out of their own way”, i.e. having an abundant mindset where they take assertive action.
** It is possible to buy property with no money in the bank, i.e. for tax purposes, some owners don’t want the short-term revenue from the sale. They’ll retain a mortgage instead, and you can arrange a payment plan with them privately. As long as the revenue you generate from the property equals or exceeds the payments, you’ll be doing good business.
In this episode of Business Brain Food you will learn:
** How you can enter the game with minimal cash
** Matt’s story of how he left the rat race earned himself freedom
** When is the right time?
** The value of mistakes
** How much money you really need to get started in real estate investment
** The length of time it can take to do a deal
Resources mentioned in this episode:
** Work with one of our business Excellerators: http://www.maxmyprofit.com.au
** Go to Matt’s website and receive a free bestselling book + a load of other great resources to help get you started in property investment: http://www.mattmotil.com
** The Business Brain Food Facebook group: https://www.facebook.com/groups/businessbrainfood
** All previous BBF episodes & show notes can be found at http://www.businessbrainfood.com.au
** Twitter: https://twitter.com/bfewtrell
Call to action:
As Matt says quite simply, if you’re thinking about investing in property, “take action”!
Also, if you are enjoying these Business Brain Food podcasts, then make sure to share them via social media sites or email the links to family and friends. A lot/ of time and effort goes into producing each of these podcasts with the goal in mind of the more people we can inspire about business the better. You can help us do just that!
Until next time, have a profitable day!
Direct download: BBF175_How_to_start_as_a_real_estate_investor_01.mp3
Category:general -- posted at: 12:00pm AEDT