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You are here: Home / Finance / How to Become a Real Estate Entrepreneur with No Experience
How to Become a Real Estate Entrepreneur with No Experience

How to Become a Real Estate Entrepreneur with No Experience

October 1, 2021 By Cade's Team Leave a Comment

The real estate market presents a rare opportunity for anyone—regardless of age, gender, race or education—to make a lot of money.

Thankfully, there are several ways to enter the real estate market with no experience.

If you become a real estate agent,  you’ll be competing against 3 million other licensed agents in the U.S.

But, if you become a real estate entrepreneur, you’ll join a smaller and more elite group of investors. Being a real estate entrepreneur means your focus will be on building a portfolio of real estate investments.

These investments should pay you cash flow, provide you with tax benefits, and appreciate in value over time.

Here’s how to become a estate entrepreneur, even if you’re starting from scratch.

1. Get Savvy About Real Estate

There is a lot to learn about real estate. Fortunately, we live in the information ago, so this info is extremely accessible.

You can take online real estate courses, read real estate books, and watch videos about real estate.

Before you completely dive in, focus your efforts. Start by taking a real estate course that prepares you to get a real estate license.

A real estate license isn’t necessary, but there are advantages. A license will teach you the basics of real estate law within your state. A real estate license will also you access to the multiple listing service, which makes it easier to search for and screen properties.

Plus, it will provide opportunities to network with other real estate professionals and let you earn commissions from the sale and purchase of real estate properties.

2. Identify Real Estate Investment Strategies

To make money as a real estate entrepreneur, you’ll need to understand the different real estate investing strategies.

New real estate investors typically start with turnkey properties. These are existing rental properties that are in good condition and easily rentable to tenants.

In some cases, there may be a property management company handling the property already. In this case, you simply purchase the property and retain the property management company and tenants. This way you can make money from the property immediately.

Another investment strategy made popular by TV from is the “fix and flip” approach. With this tactic, you purchase a distressed property well below market value. Then, you fix it up and sell it for a profit.

Wholesalers do something similar but they don’t invest in fixing the property. They buy a property, usually for cash below market value, from distressed owners that need to sell quickly.

The wholesaler then resells the property for a small profit. This is a business approach that takes volume to make it work.

Investors near popular tourist destinations may use investment properties for short-term rentals.

Or, you can diversify your investments with crowdfunding and real estate investment trusts (REITs).

3. Create a (Basic) Business Plan

Every entrepreneur needs a business plan. This is where you flesh out your ideas and turn them into a concrete plan. It’s necessary if you plan to work with outside investors.

What’s required in the business plan? Not much, as it’s simply a description of how you plan to be profitable. Conduct market research to learn if your investment ideas are viable.

Start by listing all of the startup and operating expenses for your real estate business. Then, create another spreadsheet that shows profit and loss (P&L) statements for the first few years.

This is also a good time to set goals for your real estate business. Decide how much money you want to earn and the timeframe in which you’ll aim make it.

4. Find a Real Estate Mentor

Every real estate investor has regrets about their first real estate transactions. You don’t have to make the same mistakes that they made. Real estate mentors are valuable resources who can guide you through your early real estate deals.

There are a lot of things that you may not know yet about real estate, even if you have a license. Those unknown factors can leave you vulnerable to “rookie mistakes”.

How do you go about finding real estate mentors? Start by looking online. There are countless forums and Facebook groups to join. Check out places like Meetup for real estate investors groups in your area.

A successful mentorship can benefit from goals and boundaries. Do you want to meet your mentor once a week? Do you want them to be available to answer questions on the fly?

Most importantly, what can you offer your mentor in exchange? You’d better have an answer to this questions or your odds of getting a “yes” won’t be very high.

5. Secure Your First Real Estate Investment

Now that you have your strategy in place, it’s time to look for that a profitable investment opportunity.

This is where your business plan and mentor become valuable assets.

As you analyze properties, you’ll discover if specific properties will get you towards your goals or not. Your mentor can also help you to stay away from overpriced or risky investment properties.

Ideally, you’ll want to secure a property that is…

  • In a nice neighborhood (safe, popular, good job growth)
  • Will cash flow from day one
  • Has the potential for substantial price appreciation over time

Becoming a Real Estate Entrepreneur

This is an exciting time to jump into the real estate business, because it’s possible to become a real estate entrepreneur with no experience, no credentials, and no college—and do extremely well.

Once you get your first deal done, your confidence will grow. Best of all, real estate has created more wealth across history than any other asset class. Congrats on learning how to play the game!

Want to stay in the loop? Join nearly two million other readers who are learning how to increase income, invest in real estate, skyrocket confidence, and so much more.
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Filed Under: Finance, Real Estate

About Cade's Team

Cade Hildreth is an LGBTQ+ entrepreneur, real estate investor, and former USA Rugby Player. Cade has founded 7-figure businesses, scaled websites to millions of views, acquired a portfolio of income-producing residential and commercial real estate assets, and played rugby worldwide.

As a world-class athlete, Cade has represented the USA Rugby Team, trained extensively at the Olympic Training Center, and played with elite squads from across New Zealand and Australia.

Often compared to Tim Ferriss and Ramit Sethi, Cade teaches millions to expand financially, while living an authentic and adventurous life.

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“As an LGBTQ+ entrepreneur, real estate investor, former USA Rugby Player, and fitness fanatic, I’ll teach you what your parents and teachers should’ve taught you, but didn’t know themselves.” -Cade Hildreth

Want to know what I learned making my first few million? Subscribe here.

Or, listen to Cade’s articles on the go as a Podcast.

Because it’s the New Year, let’s talk about ch Because it’s the New Year, let’s talk about change...

For a long time, I’ve thought about top surgery. I remember when I was 6 or 7 years old when I wanted to run around outside on a hot, sunny day with my shirt off…and I first saw my parents… hesitate. Ughh. 

It wasn’t their fault but I still remember that heart wrenching feeling. To their credit, they ultimately said, “Ok, go do it!” While I did “do it”, I remember the feeling of shame that crept in.

Over the years, being in affirming sporting/rugby circles helped suppress the urge to get top surgery, but it never quite “stayed down.”

So last summer I got keyhole #topsurgery. I’ll talk about recovery in another post because it was definitely weird to not strength train for months.

But in THIS post, I want to share two things:

1. I am SO grateful to my wife Erin for being the supportive and growth oriented partner that she is. 🥰🙏❤️ 

She is now following her call to get a divinity degree and she’s already working in ministry as a Pastor in Training at an incredible, inclusive Presbyterian church here in Virginia. I am grateful to her for supporting me as I become more and more of who I am—and I’m enjoying watching her do the same! Love you, babe!

2. Second, I’m grateful to get to share who I am with my family. This summer we took a trip to Madden’s resort in MN to celebrate my parent’s 50th wedding anniversary. (It was actually their 52nd, because we had to postpone it twice due to Covid.)

I was nervous to be in the pools and lakes around them, but I could feel it was my only choice because I knew I wanted them to “know me”. And, how could that happen if I “hid me”?

Ultimately, I have to tell you…it was freeing to be me, as I am, who I am. 

I had the BEST time splashing around and biking and goofing around with my wife, niece, nephew, & sister. 🌊🏖🐟

So, I suppose, this is a gratitude post to thank those who have supported me over the years as I become more and more of who I am. 

Top of that list is my wife, Erin, but there are countless others. ❤️

If you’re reading this, thank YOU for being one of those people in my life too. I am deeply grateful. 🥹
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#lgbtqfamily #nonbinary
How to set a boundary? 🤔 . . . . #lgbtqia #lgb How to set a boundary? 🤔 
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#lgbtqia #lgbtqcommunity #emotionalhealth
What do you do if you’re telling a past story ab What do you do if you’re telling a past story about someone who has transitioned? 🤔 Share a 💯 if you agree ➡️🏳️‍⚧️🏳️‍🌈
7 things I got clarity on in 2022: 1. Good and b 7 things I got clarity on in 2022: 

1. Good and bad are labels. All things are experiences. 

2. Maturity is taking full responsibility for oneself. 

3. Having a loving, conscious relationship with myself is a core value. 

4. Emotions do not mean that anything has to be done. 

5. When I am in congruence with what I want, I have it. 

6. I have permission from myself to stop doing anything that doesn’t lead to my peace and empowerment. 

7. Stepping toward emotions and being able to feel them is a superpower. It determines the quality of my life. 

(Are there any above that you’d like me to further explain?)
 
Most importantly, which # above resonates with you? ⬆️

Happy New Year, y’all! 🎊🥳
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#lgbtqcommunity #lgbtqiaplus #lgbtsupport #nonbinary #trans #selfgrowth
Interview with Jenny Nguyen, Founder of the Sports Interview with Jenny Nguyen, Founder of the Sports Bra—The World's 1st Bar to Only Play Women's Sports - shorturl.at/doGHZ

I'm excited to introduce you to today's #podcast guest, Jenny Nguyen, who is a professional chef, elite athlete, and entrepreneur.

I invited Jenny onto the podcast because she has done something extraordinary that is long overdue: She has opened up a sports bar that exclusively plays women's sports!

Despite extensive research, Jenny hasn't found another sports bar worldwide that ONLY plays women’s sports.

Given that it's nearly 2023, this is mind-blowing. As a lifelong athlete, I find her vision compelling and inspiring.

Aptly called the "The Sports Bra", the venue is putting Jenny's culinary skills on display alongside women's sports worldwide.

The Sports Bar has taken its mission a even further by partnering with and elevating other local, women-owned businesses.

Specifically, it:

1. Sources its grass-fed beef from @CarmanRanch, an ranch run by Cory Carman, a third gen rancher out of Wallowa, Oregon).

2. Sources its alcohol from Freeland Spirits, an all-women owned and operated distillery out of NW Portland.

3. Has furniture built by @girlsbuild_org, a non-profit organization headed by @ktmhughes in Portland, OR, that teaches carpentry and construction skills to young girls as a path to empowerment.

Since opening the Sports Bra this April, people have come from ALL over the U.S. and the world to experience it—including many professional female athletes.

To learn more about Jenny as she makes history, features women's sports, and elevates women-run businesses, listen to the episode here:

shorturl.at/doGHZ

Or, you can check out the Sports Bra at:

@thesportsbrapdx
TheSportsBraPDX.com/

Have you heard of the Sports Bra or been out to experience it in person?

#lgbtqiaplus #womenownedbusiness #lgbgtqia #lgbtqcommunity #womenssports #womeninsport
Over this recent holiday stretch, we… - enjoye Over this recent holiday stretch, we… 

- enjoyed some quiet time at home
- got a sauna delivered (but not yet installed)
- decorated for the holidays
- baked a bunch
- visited our favorite farm
- did some sight seeing
- and perhaps, most importantly, survived the cold snap along with our feather friends (who lived in the garage for a few days so we could heat them with a space heater) 🥶🐔

How have the holidays treated you…and did you get hit by the winter storms? ❤️🎁☃️❄️
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