Guide to Systematizing Your Real Estate Education
Reed Goossens, who is the founder and managing partner of a real estate company that’s currently involved with over 600-units valued at over $50 million, is one of many speakers who will be presenting at the 1st annual Best Real Estate Investing Advice Ever Conference in Denver, CO February 24th to 25th.
In a conversation with Reed all the way back in 2014, he provided his Best Ever advice, which is a sneak preview of the information he will be presenting at the Best Ever Conference.
What was Reed’s advice? He explained the importance of and his approach to systemizing the education process.
Why Systematize My Education?
Obviously, since you are reading this blog post, you take your real estate education seriously. However, how do you filter out all of the noise – what I like to call the “fluff” – and get the most actionable insights? Don’t fall victim to SOS (the shiny object syndrome). By that I mean there are lots of shiny objects in the real estate realm that can make you lose your focus. There are so many opportunities out there that it’s important you don’t flail about. Rather focus on one area and get to know it well before moving on to your next adventure in real estate investing. Just like you need an investment strategy… you should have an education strategy, too.
Many new investors start by reading and listening to any real estate advice they can get their hands, eyes, and ears on. However, that shotgun education approach is only beneficial when first starting out. Once you feel as if you’re hitting the same material over and over, Reed recommends that you transition from a shotgun approach to that of a focused sniper. In other words, focus on a specific area of interest that is based on the real estate strategy you have decided to follow.
Once you’ve narrowed the strategy down, the next step is to seek out different experts in your specific area of interest… people who are really using the real estate strategy you have chosen to use. Find a handful of real estate professionals as your go-to information sources and immerse yourself in their educational offerings and materials. Pull knowledge from their experiences and use them as a compass to guide you in the right direction for where you want to go. It’s a great way to stay out of the brambles in your first deals, too. (In other words, learn from other people’s mistakes and use their formulas for success.)
Create your own custom educational strategy
Step #1 – Start out broad (shotgun approach), immersing yourself in a wide-range of educational sources. Reed’s go-to education sources are books, podcasts, and consultants
Step #2 – Based on your broad approach in Step #1, select the aspect of real estate the you find most interesting.
Step #3 – Select a few go-to sources (podcast, author, another investor, etc.).
Step #4 – Create a defined strategy for when you will set aside time to focus on your education. For example, Reed will have a podcast playing in the background while he sits at his desk working and in the evenings while attending to other tasks.
You can become a millionaire by investing in any type of real estate. This becomes obvious when you realize that other people have done so already… across all niches. Learning about all aspects of real estate and then drilling deep into the niche that you are interested in will shorten your learning curve.
To accelerate your growth as a real estate investor and entrepreneur, surround yourself with those individuals who have become millionaires in your chosen niche. If you surround yourself with millionaires, you will naturally be brought up to their level and join them in the millionaire club yourself.
Want to learn more about real estate investment education, as well as information on a wide range of other real estate niches? Attend the 1st Annual Best Ever Conference February 24-25 in Denver, CO. It’s the only real estate investing conference whose content and speakers are curated based on the expressed needs of the audience. Visit www.besteverconference.com to learn more!
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