The question so many ask about real estate investing is how much can you realistically make as an investor?
If you listen to the hype and the marketing you’d conclude that you don’t have to do much, if any work; you don’t have to spend any money (other than for their course); and you’ll earn 7 figures a year starting right away.
Basically, just push a button and watch the money pour in.
As much as we’d like that to be true, we all know there are only 2 chances of that happening:
Slim and No chance.
That’s the bad news, but don’t fret. The good news is still amazing.
While you may not make 7 figures in your 1st year – 6 figures is certainly realistic.
You can’t get away with no work, but you can literally work 15 hours a week and be bringing in $20,000 a month.
You have to be willing to invest in your business, but the returns on that investment are amazing.
So if it so great, why do most would-be investors fail in their first year?
It’s because they are not committed to success. They are not consistent in their marketing. They are not consistent in their actions. They are not willing to do more than they are today.
What are the rewards for committing to real estate?
Let’s be very conservative and assume in your 1st year you closed just 6 wholesale deals (1 every other month) at $10,000 each; and you closed 2 simple cosmetic rehabs where you netted $25,000 each.
Your first year revenue is $110,000! Not bad, right?
Let’s say in your second year, you increased your marketing budget and closed 2 wholesale deals a month. That’s $20,000 per month or $240,000 a year.
Even more important is that you can achieve that pert time which means you have more time to focus on you – on your family – on service to others. And that is the big payoff in real estate: TIME.
Don’t allow the hype to give you unrealistic expectations about the business where you become disillusioned, because the reality is that you can make a whole lot of money if you are willing to put in a little effort, a little time, and a little money.
Expect abundance,
Lou Castillo
