After your real estate investing business has been born, it’s time to raise that investment into a wealth-generating force! The first steps are often the hardest: getting your first property, replicating your success, and getting a team together to manage a few properties simultaneously. Once you’ve gotten to this level, your business is still not fully realized. However, you do have a solid foundation. To take it to the next level, you have to do a few things differently. Here are some tips that will help you take your Detroit real estate portfolio to new heights.
You Have Investments: How Can You Expand Your Detroit Real Estate Investment Portfolio?
February 5, 2020
If your real estate investment business is starting to feel like a circus, it may be because you're spinning too many plates. In a way, it's good to be busy: it means you are preoccupied with managing your income, and that should be celebrated. On the other hand, no matter how smart or hard-working you are, your mind and body are finite resources; you can only juggle so much.
Starting the process of growing your real estate portfolio is a lot like starting a vehicle: You need the power to get going and momentum to keep moving. Once you leave the starting line, Newtonian physics is on your side; it’s a lot easier to keep things moving. Getting the power to overcome your initial inertia is the key! Acquiring the right information will take research—in real estate, knowledge is power.