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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

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As we know from history, good people don’t spend As we know from history, good people don’t spend their time harassing marginalized communities. 

Think Hitler, think slave owners, think people who created assimilative boarding schools for Native Americans…

In honor of respecting other people, here are today's truths: 

1. Good people don’t spend their time harassing marginalized communities. 

2. Emotionally mature people don’t require “power over” others to be ok with themselves. 

3. Healthy people allow others to be who they are, not who they want them to be in the name of their own self-comfort. 

4. Diversity is a constant of nature. 

Which one is your favorite?
People will honk if you change lanes. Let them. People will honk if you change lanes. Let them. 

Let me know in comments if you (wholeheartedly) agree. 💙
How to get 400% returns in real estate! Enjoy th How to get 400% returns in real estate! 

Enjoy this clip from my recent podcast, “Kelsey Jang, Army Engineer Officer & Company Commander, on Getting Started In Real Estate“.

Listen to the podcast itself (link below) to hear Kelsey (@kelshjang)share her experience with buying her first rental property priced at only $110K with 10% down.

It will provide you with a real-world example for how to get started in real estate—and start enjoying outsized gains!

Listen here: https://podcasts.apple.com/us/podcast/what-you-shouldve-been-taught/id1523094339?i=1000591353528

Have questions? Ask them in comments ⬇️
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1. Top surgery, which has helped me to feel deeply present in my body 

2. Beanie’s furry and funny face 🥹

3. My incredible wife, whose uniqueness and spunk I cherish! 

Notice that none of these are professional or financial or even personal accomplishments…

They are simply profoundly beautiful parts of life. The best and most sacred parts, really. 

If this resonates, leave a 💙 in comments … wishing you all deep joy today too ☺️🏳️‍🌈🏳️‍⚧️
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My life isn’t perfect, but it is carefully and intentionally crafted.

Truthfully, it has been an incredible process to trust myself over the barrage of noise society will throw at you—but to me, that’s some of life’s most important work. 

This is why I will always aim to be gentle with myself — and, I hope, with others too. 💙

Photo notes: 

We’ve got a beaver up in these parts! 🦫

My wife Erin, the beekeeper, has serious skills with it comes to lighting her bee smoker, lol 🔥🐝

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