If we’ve learned anything from the COVID-19 shutdowns across the country, it’s that tomorrow’s business is never guaranteed. To safeguard our success, we have to diversify our portfolios.
Building ancillary businesses is a great way to put our eggs in more baskets. Through investing, we can diversify our business without adding hours of extra work to our schedules. By setting up investment companies, we get maximum reward potential - all while serving our customers better than ever before.
How can we start investing? How does diversification impact our customers? In this episode, host of the Real Estate Rockstars Radio podcast, Aaron Amuchastegui joins me to discuss the investment opportunities real estate professionals should be taking advantage of today.
Purchase your tickets to the Elite Real Estate Systems Workshop - Sunday October 18th 2020 - at https://www.eventbrite.com/o/elite-real-estate-systems-18000932614.
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Takeaways + Tactics
The types of property we should be investing in Thanks to inflation and a lack of inventory, the rental market is set to explode. Single-family, multifamily and storage rentals offer great investment opportunities - so explore the options to make the most of the boom.
Where to buy investment properties with a high return As more people begin working from home full-time we’re seeing a shift in the consumer’s needs, but there will always be some amenities they have to access in person. Look for properties near hospitals and government offices.
How diversification impacts the consumer Owning ancillary businesses is about more than filling our pockets, it also helps our clients. By building an investment company we have the opportunity to tailor solutions to the consumer’s needs, whether they want to put a home on the market or sell directly to us.
Aaron Amuchastegui is the host of the Real Estate Rockstars Radio Podcast. Over the past decade, he has built multiple companies and currently serves as the CEO of both AMA Construct Inc. and Fubakaze LLC. He is also the Principal and Co-Founder of Homerock LLC. Aaron is the author of the bestselling book The 5-Hour School Week: An Inspirational Guide to Leaving the Classroom to Embrace Learning in a Way You Never Imagined.
To find out more, go to:
Books and links mentioned on this episode:
Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth! By Robert G. Allen https://www.amazon.com/Multiple-Streams-Income-Generate-Unlimited/dp/0471714550 The Millionaire Real Estate Agent: It's Not About the Money It's About Being the Best You Can Be by Gary Keller, Dave Jenks, and Jay Papasan https://www.amazon.com/Millionaire-Real-Estate-Agent-About/dp/0071444041 Rich Dad Poor Dad by Robert Kiyosaki https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194 The Top Five Regrets of the Dying by Bronnie Ware https://www.amazon.com/Top-Five-Regrets-Dying-Transformed/dp/140194065X RealEstateInvestor.com https://www.gobundance.com/
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