Cayla Craft
Cayla Craft
Mastering Real Estate Investing: The Dos & Don'ts for New Investors
Mastering Real Estate Investing: The Dos & Don'ts for New Investors
Mastering Real Estate Investing: The Dos & Don'ts for New Investors
Monday 29th July 2024
Learn the dos and don'ts of real estate investing with Cayla Craft. Get practical tips on the 1% rule, market selection, and more!
20 minutes
Informative
Encouraging
Supportive
Motivational
Authentic
About this podcast
Author:
Cayla Craft
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Entrepreneurship for Personal Growth
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Spiritual & Personal Growth Journeys
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Get the buttons here!Real Estate Investing 101: Tips and Tricks for New Investors
Episode Overview
- The 1% rule helps beginners evaluate potential deals.
- Understanding local markets is crucial for finding profitable investments.
- Wholesaling can be a lucrative strategy for new investors.
- Having a mentor can prevent costly mistakes.
- Being resourceful and leveraging your network can help you find investment opportunities.
You can always find the money if you are resourceful enough
In this episode of 'Mommy Millionaire', Cayla Craft, the self-made millionaire mentor, breaks down the essentials of real estate investing for beginners. Drawing from her own experiences, Cayla tackles the mindset barriers that often prevent people from taking the plunge into real estate. She introduces the 1% rule, a handy guideline for evaluating potential deals by ensuring rental income is at least 1% of the property's purchase price.
This episode is packed with practical advice on understanding local markets, using strategies like wholesaling, and the importance of having a mentor. Cayla shares anecdotes from her own investments in places like Bakersfield, offering real-world examples of how to find and flip properties successfully. Whether you're new to real estate or looking to refine your strategy, Cayla's tips on picking the right market and structuring deals are invaluable.
She also highlights the importance of being resourceful and leveraging your network to find investment opportunities. If you're ready to take control of your financial future and dive into real estate, this episode is a must-listen. Cayla's engaging storytelling and practical advice will leave you inspired and ready to make your next move.