Real estate investing is one of the surest ways available to you to build your wealth. Generally speaking, property values appreciate over time in the long term, and there are a lot of ways to take advantage of this value. Building a portfolio successfully requires a lot of knowledge about your local market and real estate in general, which can be a daunting obstacle to many people who could otherwise generate a substantial amount of money through property investments.

TSCD Real Estate Investment is a firm which offers real estate investment coaching to people facing this obstacle. There are a number of ways to get this kind of coaching, though, and there are a few things you need to know to make sure you’ll significantly benefit from it without wasting any of your time or money. We’ll list these points below.

Understand your goals and learn the right investment strategies for reaching them

The first and perhaps most essential starting point for any investor is your “why.” You need to have a specific goal in mind to guide your investment choices, as well as specific metrics by which you define successfully reaching that goal. Whether you’re trying to build a retirement fund for yourself or actively generate an income to supplement or replace your current main income source, you need to make sure you’ll be learning strategies that make sense for you intended end point before spending your money on coaching. You can read a bit more about defining your goals, plus some basic investing strategies, in this Forbes article.

Short-term strategies will tend to involve selling a property a relatively short time after purchasing it. Some strategies of this kind include wholesaling, prehabbing, flipping, and certain kinds of rentals, all of which we’ve written a bit about before on our blog. Strategies like this will generate a profit for you relatively quickly if executed properly, but there are varying levels of risk for each which you should keep in mind.

Long-term strategies include renting out residential or commercial properties, investing in real estate investment trusts (REITs), holding mortgages, and investing in tax liens. As with the short-term strategies, levels of risk vary among all of these, as does your level of hands-on involvement in managing the investment. With any of these strategies, particularly one like tax lien investments, you need to do your research and learn exactly how they work before putting your money toward anything. It may also be more important to have a sense of the projected future value of properties in your market with long-term investments than with short-term ones.

Learn from an experienced investor who knows their local market

Aside from learning the ins and outs of any given strategy or market, an important part of any coaching program is the coach themselves. You need to know you’re learning from someone with real, successful investment experience in the market you’re interested in. They should ideally be someone who’s been investing for years with a very profitable track record.

Paying for real estate investment coaching isn’t the only way to find a good mentor, but it’s much more likely to give you access to an experienced one who’s willing to put substantial time toward teaching you. A successful investor will typically be too busy managing their investments to do this, as it’s their main source of income. If teaching you is part of how they make a profit, however, it frees them up to expose you to more of their expertise and process. You can read more about this topic in this Millionacres article.

Contact us for a consultation!

There’s a lot you need to know to effectively build your wealth through real estate investment, and getting a great coach can help you sift through that information and apply it in a hands-on way. The investors at TSCD have over 22 years of experience with a focus on the Massillon, OH market. Contact us for a consultation now if you’re interested in using our expertise to start building your own.