A real estate investor who got started at age 38 shares the top 3 pieces of advice for beginners that helped him build a $2.7 million in just 4 years
Rivers built his portfolio in just 4 years, after getting started in real estate at the age of 38.Real estate investor Dan Rivers is an excellent example of why it's never too late to begin working towards financial freedom.
In a recent interview with Insider, Rivers shared his top three pieces of advice, pulled from his own experiences, to help aspiring real estate investors get started in the field — no matter what stage they're currently at in life. Courses and meetups, on the other hand, are extremely valuable as well — not only as an avenue for beginners to learn more about real estate investing, but also for their networking potential. Even though the costs for such a class can be steep, Rivers believes that the knowledge, takeaways, and benefits garnered by investors can often justify the expenses.
Being in the right room is also essential for relationship building, a factor to which Rivers' attributes a lot of his success so far in real estate investing. Instead, a beginner should always try to offer value in exchange for a seasoned investor's time and mentorship, which could take the form of first asking what they need help with in their businesses. For instance, if the answer is more inventory, an aspiring investor could offer to spend some time going door-to-door to source potential deals — and ask for some guidance in deal analysis in exchange.
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