Real estate investing is a proven way to build wealth, but it can be an intimidating industry to enter. The truth is, though, you don’t need a ton of money or experience to get started. Mike Andes explains how to get started in real estate investing for beginners in this video.
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Regular UpFlip viewers know Mike better for his landscaping business, Augusta Lawn Care. Mike was investing in real estate before he started his business, especially impressive when you realize he’s only now in his mid-twenties. He currently makes an average of $40,000 every month off of his twenty-three units, and that income is completely passive.
Today, Mike shares his real-world insights on how to invest in real estate. You’ll find out how much money you really need to get started and what types of real estate are the best to invest in as a beginner.
He’ll also share where he finds the properties he invests in, what he looks for to know whether it’s a smart investment, and what to do with the properties after you’ve invested to turn them into passive income streams.
Mike is living proof that you don’t need to be a real estate or business expert to invest in property. In fact, he bought his first property when he was still a teenager.
Whatever stage of your life or career you’re in, Mike’s real estate investment strategies can help you increase your earning potential to meet your business or personal goals. If you like this interview with Mike, make sure to check out some of our other interviews in the real estate niche:
Don’t Invest into Real Estate Until You Watch This! ►
The Secrets to Becoming a Successful Real Estate Agent ►
Resources - Learn more from Mike at his business school - Searchable real estate listings - Another platform for finding available real estate - Listings of apartments and homes available to rent - Resources and community for real estate investors - Learn more about how to start and grow a business - Hear more insights from business leaders on our podcast
Timestamps:
00:00 - Intro 00:42 - Why You Should Get Into Real Estate 01:47 - Advice for First-Time Buyers 03:00 - Your Options for Investing 04:56 - How Property Benefits Your Business 06:33 - Let’s Talk About Rising Interest Rates 08:19 - Mike’s End Goal for Properties 10:09 - How To Find Good Home Deals 12:09 - Zillow SECRETS 16:00 - Finding a Good Team 17:27 - How Mike Afforded His 1st Property 19:43 - Passive vs. Hands On Investments 20:48 - Checking Out House Comparables 22:51 - Avoiding Common Mistakes 24:55 - Investing as a Group vs. Individually 26:14 - Mike’s Best Investment 27:37 - Tiny Home Plans 29:34 - Negotiation Tips and Tricks 30:27 - Where You Should Buy Property 32:01 - Blitz Time with Mike 33:39 - Keys Signs You Should Invest 35:07 - Advantages of Investing in Real Estate 36:08 - keys to Building Wealth 37:16 - Tour of the Tiny Home 38:41 - How To Know if Investing is For You 39:36 - Tips for Good ROIs 41:57 - Systems and Processes 42:50 - Why Mike Doesn’t Flip Houses 44:27 - The Real Estate Mindset To Have 45:54 - What Entry Level Investors Should Do 46:48 - The BEST Real Estate Niche 47:50 - Advice for Business Owners and Investors
