Choosing to become a real estate investor is an exciting opportunity, but it isn’t always easy. If you get in the game and learn as much as you can about it, there is a lot of potential to make money, but you should know what is involved before getting involved in this venture. It’s imperative to educate yourself on every aspect of this niche and learn why networking and transparency are key factors in making successful deals.
On today’s show, I’m talking with Ryan Nickel about what he and his family went through when he lost his job and how this hardship led him to become a successful real estate investor. Ryan will reveal the pros and cons of this business, and he’ll share some solid advice so you can transition from an up and coming investor to a prosperous real estate entrepreneur.
“I wished I would have hired a virtual assistant sooner.” Ryan Nickel
On Today’s Episode of Flip Talk:
- We talk about Ryan’s first deal and what he learned from it.
- Ryan discusses the one deal he wished never happened.
- We talk about how full disclosure will save you a lot of headaches.
- Ryan shares what his three primary sources of revenue are.
- He discloses his views of conversion rates using invitation mailers.
- He speaks about how he approaches Craigslist.
- Ryan reviews the vetting process he employs when looking for virtual assistants.
Ryan’s Advice to Real Estate Investors:
- Use the Postagram app to snap pictures of properties or hand write a personal note to the property owner letting them know you’re interested in buying it.
- If you hire virtual assistants, don’t treat them like machines – treat them like real people.
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Join us every Wednesday for a brand-new episode of the Flip Talk podcast. Flip Talk is your show to learn all about the ins, outs, and in-betweens on real estate investing and house flipping. Email your questions to Topics [at] FlipTalk [dot] com. Subscribe to the show and share your thoughts by leaving us a review on iTunes, Facebook, or visit our website.