As an inspiring investor, one of the greatest things that you can do for yourself to succeed in your investment journey is to commit to learning from those ahead of you.
This really goes for anything in life, but especially investing!
When you pay attention to those who have gone before you and continue to be successful in their journeys, you can potentially avoid some of the mistakes they made, implement some of the things that they wish they would’ve done, and ultimately reach your desired goals even faster than imagined.
Here at XSITE Capital, we took it upon ourselves to gather what some may consider to be million dollar advice, so that YOU can learn it and soak it in too… all for free!
We asked 10 real estate/wealth professionals the same question:
”What 1 tip would you give to your younger self before jumping into your investor’s journey?”
But before we give you that advice, we must warn you: it might not be as groundbreaking as you might expect.
Oftentimes in life, it’s tempting to breeze past all of the simple advice out there because we’re more interested in the advice that seems more complex or “more important.”
The reality, however, is that the simple advice is usually the BEST advice.
As humans, we love to complicate things and we often convince ourselves that in order to achieve our desired results, something has to be difficult, challenging, or time consuming.
What we’ve personally learned and have seen to be true from other experts in the field, is that the simple things actually add up the most.
So, take this as your sign to stop overlooking the seemingly simple pieces of advice and embrace them for what they are: impactful and important.
Now, back to that million dollar advice we promised ⬇️
10 Pieces of Advice From Top Real Estate & Wealth Professionals For Aspiring Investors
- “[Before you invest], learn about the market – including the history of it, how it behaved in the past 10-20 years.” – Evana Valenzuela Scheker
- “Invest in yourself first: your mind is your truest asset! The market will have its highs and lows, but the investment that consistently compounds is the one you make in yourself. Books, courses, mentors – arm yourself with knowledge. When you elevate your understanding, every financial move you make thereafter stands on firmer ground.” – Nkem Ezeamama
- “Define your WHY as early as possible. Understanding your end goal is vital, and from that point you can reverse engineer the process and start taking the steps to get there.” – Jesse Dickens
- “Talk to more experienced investors. I had an attitude that I had to know and understand a lot of things myself. I would have found more people to talk to.” – Christopher Nelson
- “Trust but verify. Don’t believe social media hype. Ask for references from passive investors in every deal.” – Sandhya Seshadri
- “Make sure you know the operator and trust them! Don’t just go based off of the projected returns.” – Chad Schieler
- “Find an investor doing the strategy you think you want to do and offer to help work with them for free. Commit yourself to a minimum of one year and 1) learn all you can while you can, 2) add as much value as you can, and 3) work on improving your own financial situation.” – Nicole Pendergrass
- “Do your due diligence on who you are investing with. This will make or break your investments.” – Sarah Miskelly
- “Don’t just learn for knowledge – learn and take action for power.” – Omkar Shinde
- “Never underestimate the power of location and thorough due diligence. An attractive property in a poor location will rarely appreciate as much as an average property in a prime spot.” – Nishant Sondhi
Out of all of this advice, we identified two main themes: relationships and knowledge.
As investors ourselves, we can confidently say that those two things really are the key to a successful investor journey!
In our experience, the numbers (aka your results) always follow the relationships.
Can you succeed on your own? Sure.
But as the wise African proverb says, “If you want to go fast, go alone, but if you want to go FAR, go together.”
And additionally, the knowledge that you hold – both personally and professionally – can really dictate your outcomes… IF you put that knowledge into action.
You can know something, but doing it is another story.
This is why at XSITE Capital we’re so passionate about locking arms with investors to not only help them learn the ins and outs of multi-family investing, but also put that work into real action and get you on track to building your wealth.
That’s what we’re all about!
Free Investing Resources
In addition to all of this amazing advice, we’re committed to making sure you have everything you need to get started with ease and confidence.
If you’re interested in more investing resources (that are also completely free), we invite you to:
➡️ Read more on the XSITE Capital Blog
The Grow Your Mind Blog is your go-to place for all things multi-family real estate education, information and resources to help you navigate your own personal journey of investing.
Each month you’ll find a new blog post, featuring content like: Why Diversifying Your Investments is a Good Thing, How Cash Flow Distributions Work, The 5 Phases of a Multi-family Deal, and much more!
➡️ Join our next Monthly Meetup
At this monthly event, we have four main goals:
- Provide a platform for real estate investors of all experiences to network and get deals done
- Provide a place where investors get education in topics they desire
- Provide a broader perspective on mindset, eliminating limiting beliefs and entrepreneurial growth
- Network! Network! Network!
While the meetup will have a specific concentration on multi-family, investors from all asset classes are welcome to attend!
➡️ Download the 2023 XSITE E-book
At XSITE Capital, we always share how real estate investing can truly change your life, but we want to show you a real life example of what’s possible.
In this e-book, you’ll learn 7 Ways Real Estate Investing Changed Dr. Kola Johnson’s Life!
Ready To Get Started With Multi-family Real Estate?
When you partner with experienced syndicators like us, you can trust that the market research is carefully considered and that your money is going toward investments that will produce positive returns.
If you’re unsure of how to get started with multifamily real estate investing, click here to view our process!
The XSITE Investors Community is for investors where you can receive:
- Monthly meetup replays from all months prior (so you can continue growing your mind while growing your wealth)
- Invites to in-person meetups (because there’s nothing like being in a true community together!)
- 30 minute 1:1 calls with our Investor Relations team (so you can get your questions answered and feel empowered to take action)
- First look at new investment opportunities (so you can beat the competition and easily jump into the deals that are a good fit for you)
Today, XSITE Capital currently has over $168 million portfolio value, has helped empower and grow over 1,000 minds and proudly has over 800 doors under management.
We welcome new investors into our community each week and would love to have you.