Underwriting deals is one of the most important skills in real estate investing. Learning it by yourself, though, is not advisable. It’s actually inefficient and ineffective. You don’t know what you don’t know, after all.
That is why it’s crucial for beginners to build relationships in this space. Aside from being a wealth-generating vehicle, real estate is a team sport that you play with like-minded individuals. Investors like Marcellus McKinley, who is serving in the Air Force, will be better off surrounding themselves with people who know more than they do.
[00:01 - 02:20] Opening Segment
[02:21 - 10:29] Underwrite in Real Estate
[10:30 - 19:55] Unconscious Incompetence
[19:56 - 25:37] Closing Segment
Tweetable Quotes:
“At the end of the day, though, the game is really building track record like you would in anything else.” - Jerome Myers
“Self-educating is the most inefficient and ineffective way to get into this space because there’s so much that you don’t know that you don’t know.” - Jerome Myers
Resource mentioned:
Connect with Marcellus on LinkedIn.
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC