Understanding real estate market trends to make bigger profits during these crazy times can be a frustrating and challenging maze, where you can lose yourself and your money in a dead-end. But, in any situation, you have a negative and a positive. Concentrating on the positive is your first step out of the maze.
To understand the real estate market trends for 2020 and 2021, Mike Wolf joins us today to offer his expertise. Mike is a self-made freedom lifestyle entrepreneur, seasoned investor, and international speaker. He has been investing in real estate for almost 30 years and has been a featured speaker on NBC, CBS, Yahoo Finance, and SiriusXM. But it wasn’t always profits and roses for Mike. Like many entrepreneurs, he had to learn from his mistakes to move forward.
Mike went to law school as his parents wanted him to, but got a taste of the money to be made from real estate investing after buying his first property. With equity on his side and an ego that could do anything, he quit his day job and ventured into his second investment, which was a disaster. Hiring a mentor and learning the tricks of the trade, Mike has gone on to do over 2000 transactions and has a team that allows him to sit back and collect rent. The systems and equity he has built have allowed him to help others start their real estate investing journey.
During this episode, Mike offers some phenomenal tips for first-time investors on what not to do when you’re starting out. We also dive deep into the trends that are happening now and what trends you will see in the future, no matter the outcome of the presidential election. One of the most exciting parts of today’s episode is our discussion on taking advantage of the trends and making bigger profits.
How Mike started his career in real estate investing
How to come back after a devastating financial loss
What you should do to successfully jump from the corporate world to real estate investing world
Finding a JV partner or mentor to provide real estate education and propel your investing career
The 3 different revenue streams that keep Mike profitable every day
How COVID19 changed Mike’s business
The future of the real estate market
The significant real estate investment opportunities on the horizon
My focus keeps changing due to what is happening in the marketplace
How property auctions are going to boom in the near future and how to take advantage of it
Real estate market trends
Restructuring and strengthening your rental policies during COVID19
The great transfer of wealth is happening
How to use market trends to your advantage
The impact the presidential election will have on real estate investing
You can’t control the economy, but you can control your own economy.