Are you about to start your real estate investing journey? Before diving in headfirst, it’s essential to understand what you’re about to get into, especially if you plan on going it alone. 

In this guide, we’ll explore why flying solo in the real estate investing world may end up costing you more than you think, how to avoid expensive mistakes, and how to achieve your goals faster by leveraging these 3 freedom accelerators: 

• The Right System 
• The Right Support 
• The Right Network

Main Challenges of Solo Real Estate Investment

When you’re starting out in real estate, you don’t know a lot. I’ve been there – everyone has. And you can make a lot of mistakes early on that could take you years to get out of. 

Difficulty in Making Accurate Decisions

One of the main challenges of going solo in real estate investment is the difficulty in making accurate decisions. Selecting the right market, analyzing deals, and raising capital can be daunting tasks for an individual investor. 

Are you investing in a market with high growth? What’s the average rent for the area?

How can you be positive that you’re using the right numbers when analyzing deals? Where are you getting them from?

How are you engaging with investors to raise capital? How big is your broker list? Are you actively building relationships with brokers to access deals? 

High Risk of Making Mistakes

Without the guidance of experienced professionals, you face a high risk of making costly mistakes not just by doing the wrong thing – but by not doing what you’re supposed to do to find deals. 

Don’t have brokers sending you deals every month? Now you can’t analyze as many deals as you want .. finding an ideal property will take longer .. you’ll do your first deal later .. all of this is costing you money.

Opportunity Costs

Moreover, the opportunity costs of going solo in real estate investment are significant. Instead of focusing on expanding your real estate portfolio or raising capital, you may find yourself spending valuable time self-learning and trying to navigate the complexities of the real estate market alone.

That’s why you need to follow a process that reduces your risk of making mistakes and helps you close your first deal faster. This process is what I call The Three Freedom Accelerators. 

The Three Freedom Accelerators

Following the Right System

To avoid the pitfalls of solo real estate investment, it is essential to follow the right system. Don’t reinvent the wheel.

When I first started, there were no systems for buying apartment buildings. Now you can ask ChatGPT or find dozens of online courses. But there aren’t many out there that have helped hundreds of students purchase 41,000 units valued at $1.5 billion. 

Our Deal Maker Blueprint provides a systematic approach to multifamily investing that tells you what to do daily, week-by-week.

You need to follow the right system. 

Getting the Right Support

Second, you need to get the right support. 

Community, like Facebook groups and masterminds, play a huge part in your success. Surrounding yourself with people who are in the same boat as you is encouraging and you can learn a lot from each other. 

Another side to this is finding mentors and coaches. These are people who’ve already done what you’re trying to do and play a huge role in helping you overcome challenges, gain valuable insights when a deal is live, and greatly accelerate your progress in real estate.

Joining the Right Network

Lastly, joining the right network can provide access to capital, profitable deals, and potential joint venture partners. 

By collaborating with like-minded investors who complement your skills and resources, you can create synergies that lead to successful real estate ventures.

Embracing the “Who Not How” Philosophy

The key to successful real estate investment lies in embracing the “Who Not How” philosophy. 

By leveraging the three freedom accelerators:

• Following the right system
• Getting the right support
• Joining the right network 

You can avoid costly mistakes and fast-track your journey to financial freedom and generational wealth through apartment investing.

To learn more about our systems or get plugged into a community of like-minded investors, click the link below to talk to one of our team members.