Mastering Real Estate Investing: The Dos & Don'ts for New Investors

Mastering Real Estate Investing: The Dos & Don'ts for New Investors

In this episode of her podcast, Cayla Craft dives into the mindset barriers that often hold people back from investing in real estate, emphasizing the importance of resourcefulness. She explains the 1% rule for beginners, which helps new investors evaluate potential deals by ensuring the rental income is at least 1% of the property's purchase price. Cayla shares her experience with markets like Bakersfield, highlighting the importance of understanding local markets to find profitable deals. She discusses the value of exploring various real estate avenues, such as wholesaling, to discover personal preferences. Cayla also mentions the importance of branding and networking, leveraging her social media expertise to attract deals and investors. She stresses the significance of choosing the right market, looking at factors like neighborhood growth, business presence, and property demand. Throughout the episode, Cayla shares practical tips and insights from her and her brother-in-law's experiences in flipping homes and creating off-market deals.

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Show Notes:

00:00 - Overcoming the mindset barrier of not having money to invest.

00:30 - Introduction of the 1% rule for beginners in real estate investing.

01:00 - Importance of understanding and choosing the right market.

02:05 - Exploring different types of real estate investing, including wholesaling.

04:02 - The role of branding and social media in real estate investing.

05:49 - Key factors to look for when evaluating a market for investment.

07:57 - Practical tips from personal experiences in real estate.

09:15 - Discussing the importance of building a solid team in real estate.

11:03 - Navigating the challenges and rewards of flipping homes.

12:22 - Cayla's experience with off-market deals and how they can be beneficial.

14:30 - Understanding the legal aspects and paperwork involved in real estate transactions.

16:48 - The significance of continual education and learning in the real estate industry.

18:10 - Tips on financing and funding real estate investments.

19:45 - The importance of having a long-term vision and strategy in real estate.

21:30 - Cayla's closing thoughts and encouragement for new real estate investors.