Most wealthy individuals have an upper hand in real estate investment because it’s a great way to preserve wealth. If you’re looking for ways to increase profit and build a legacy for generations to come real estate investment might be a great avenue for you. Our expert today suggested that every business owner should consider real estate investment at some point in their career.
This isn’t just about flipping homes and real estate broker Kito J. Johnson is here to share what exactly you should know before making an investment.
Here’s what you should know about today’s expert:
Kito J. Johnson is an accomplished real estate broker, CEO of Buy n Sell Inc., and the Amazon best-selling author of Real Estate Wealth: Remove The Guesswork From Investing And Create A Six-Figure Strategy. Kito specializes in teaching others how to create generational wealth through principles of real estate investing and entrepreneurship. A licensed broker in Georgia, Florida, and Alabama, his stellar career spans over 20 years and boasts involvement in over 1,000 real estate transactions.
He has served as an acquisitions agent and broker for the Blackstone Group’s Invitation Homes, one of the largest single-family hedge funds in the country, and as part of the 6th largest Keller Williams team in the world. A brilliant and trustworthy businessman with a heart for teaching, he regularly hosts events designed to educate aspiring investors on understanding the market and investing wisely.
Kito’s advice for real estate investing:
- Define what type of investor you are
- Discover what strategies make sense for you
- Invest in a team
Define what type of investor you are
Before you take on the real estate journey you need to define what type of investor you are. There are two types of real estate investors. One is passive and the other active. The active investor is more hands-on and working in the industry directly. They attend meetings, manage contracts and oversee all projects.
The passive investor is hands-off. He or she has a team in place to do all the work behind scenes. Most entrepreneurs that are heavily involved in their main business are passive investors.
Discover what strategies make sense for you
Your planning and strategies are what make you successful in real estate. Prior to implementation, you need to know how much time you have to work on this side business, know what funds you’re bringing to the table and what factor does your credit play in the overall concept. With this information, you can determine if you are an active or passive investor.
Invest in a team
Your team is the backbone of your business. Invest in a good team to implement your process and procedures and this will eliminate you from the equations. Your real estate team should include agents, lenders, contractors, and lawyers. Everyone should have different expertise to bring to the table. Also, be sure to hire a specialist who is niched down in their particular field. Everyone on the team should share your knowledge and be on the same page when it pertains to your business and industry.
Kito has a special offer for our readers today. Click here to download his free How Much House Can I Flip Checklist: bit.ly/BMWKflip
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