I Asked 2 Millionaire Real Estate Investors How to Get Started

"buying a house on a busy street is always a bad idea. You're going to get a better deal. It's going to be less expensive for you to buy that house, but it is going to take you forever to sell."

"Unique. Uh... one of a kind. Those are four-letter words in real estate because I am looking to get in and get out in two to three years. So, I want to be able to sell that property. I don't want that weird geodessic dome house. I'll get a real sweet deal on it in the beginning. And I can guarantee you it is not updated on the inside, but nobody wants to live in a weird little bubble house."

"you don't want to live near a dry cleaner because they of the chemicals they use that seeps into the ground. You don't want to live near a gas station because nobody wants to live near a gas station. You don't want to live near McDonald's because you're going to be waking up in the morning."

"So, this house is directly across the street from the school. You're not getting out of your driveway for 35 minutes in the morning and close to an hour in the afternoon."

"maybe paying a little bit more, but having more uh, potential buyers when you go because you are putting some value into that uh, house as well. So, not only are you getting maybe the the 20% discount, the the 80% of the fair value of the house, you're adding to that value. So, you're going to still get that 30 40 50% uh overall return and you're going to have a lot easier time selling it."

"every vendor you use, real estate agents, contractors, help them make money because if they make money, then you'll make money over the long run and they'll you have repeat business."

"You can move in so long as there isn't, you know, mold or meth or something really disgusting in the property. You can move in and yeah, maybe it's not awesome, but you're making a lot of money on the end for a little bit of discomfort in the beginning."

"real estate is really interesting that way that it starts not passive. You get you can build equity, you can build cash flow, and then it can turn into this thing that it's like a pension that pays you income."