In this week's episode we dive into how to develop a simple yet effective strategy for real estate investing, focusing on narrowing down your goals, understanding your target market, and sticking to your strengths and zeroing in on a business model that fits your profile.

Crafting an intentional acquisition strategy in real estate is essential for success, particularly as investors reflect on their goals at the close of the year. The podcast provides listeners with a structured approach to developing a personalized investment strategy, emphasizing the importance of understanding one's unique strengths and skills. The discussion highlights various business models within real estate, such as flipping, the BRRRR method (Buy, Renovate, Rent, Repeat), and short-term rentals, each with their own set of advantages and challenges. By evaluating personal skills against these models, investors can tailor their strategies to fit their experiences and market conditions.

The episode delves into the necessity of narrowing down target markets based on price points and the feasibility of specific business models. Listeners are encouraged to assess their local market conditions, regulatory environments, and potential profitability, especially for models like short-term rentals that rely on tourism and local demand. The podcast stresses that effective networking and leveraging existing relationships can be instrumental in gaining insights and opportunities within chosen markets. By the end, the listener is equipped with actionable steps to refine their real estate investment approach, making informed decisions that align with their personal and professional goals.

Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/

Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/

Check out all the other MPI Podcast Network Shows: https://masterpassiveincome.com/network

What are the most common myths about real estate investing that prevent people from starting and scaling their empire (e.g., "You need a lot of money to get started" or "You have to be rich to invest")? Many of these these myths are far from the truth! Tune in to hear about the Top-5 reasons don't invest when they really should!

This podcast episode focuses on debunking common myths surrounding real estate investing that often hold potential investors back. Terry Schauer addresses the misconception that a large amount of startup capital is necessary to begin investing, highlighting that there are alternative strategies and markets that can make investing more accessible. He emphasizes the importance of exploring investment opportunities outside of overpriced urban centers and considering smaller properties, such as condos, which can offer favorable cash flow. Additionally, the episode discusses how partnerships can help investors scale their portfolios without being limited by personal debt ratios. Listeners are encouraged to rethink their approaches and consider how specialized knowledge and strategic planning can lead to successful real estate investments.

Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/

Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/

Check out all the other MPI Podcast Network Shows: https://masterpassiveincome.com/network

Skipping steps in due diligence—like checking zoning laws, reviewing property history, or researching potential environmental hazards—is a big no-no in investing. Yet, knowing this, many of us are STILL tempted to waive, ignore or skip certain important checks. What are some of the most common oversights of inexperienced (and even experienced) investors? This episode is all about checking the important due diligence boxes before closing a deal.

Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/

Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/

Check out all the other MPI Podcast Network Shows: https://masterpassiveincome.com/network