INVESTING Within Your Industry: Beginner’s Guide

Today I’m going to show you how you can invest within your industry from scratch.

I remember when I first thought of investing in my own industry, it took a long time to figure out how it works when trying to invest in one of my favorite asset classes: Real Estate. It was super-confusing and frustrating.

And in this guide, I’ll cut out all the noise and BS and show you exactly how you can start building wealth that can last you and your family for years; through investment.

What It Takes To Be An Investor.

For a lot of people, they think being an investor requires them to go back to school, or get a license or certification. However, you can be an investor using the experience gained from the industry that you work in.

For instance, to start investing in real estate, you can be a contractor, or an architect and start investing because you know structures or houses that can bring in cash flow based on the way they were designed or in the shape they are in. However, starting to flip, rent, or wholesale houses when you are a contractor or architect does not require you to get a real estate license. We’ll talk more about this; in a bit;

But first;

Let’s see what it takes to be an investor. To be an investor, it particularly comes down to Knowledge, an Idea, and Capital.

But don’t fret! If you don’t have all three the rest of this article is going to be helpful….!!

How To Start Investing

Industry 1: Real Estate

Things To Know

You don’t need a real estate license to transact and sell-Getting a license means that you are a servant in the business and not an investor. So being a real estate agent as a means to build your experience won’t work.

There are many ways to start investing– Real estate has avenues you can use as a vehicle to reach your investment goals. These are avenues such as; AirBnb, permanent rentals, flipping, buying, and wholesaling.

The industry has a ton of benefits– Gives the investor the advantage of cash backs, write-offs, appreciation, and tax benefits. These are benefits that only an investor has access to; and not the agent.

The industry is saturated- Getting in as an investor puts you ahead of the game because you control the deal and the capital. But, getting in as an agent makes it hard to eventually become an investor. Being an agent means that you are on call, which can drain you and dissuade you from investing.

The key is talking to people- This is where people that want to invest falter because of past experiences of failed relationships and lack of learning in social currency. But, this is the best way to get started especially when you don’t have the money upfront to invest.

Steps To Get Started

Get The Knowledge-One of the reasons why most investments fail and not only in real estate, is lack of knowledge. This is one of the key aspects that sets apart accredited investors from average investors. The best way is to get a broker to teach you the ins and out of the real estate market.

Get Capital- With the world evolving and banks realizing the quality that entrepreneurs bring to the table, they are now more willing to fund entrepreneurs with actual businesses rather than issuing personal loans. You can do a simple google search and find a good list of lenders that can aid you in this step.

Find a Deal-Having the ability to talk to people, gives you a headstart in this step. It goes hand in hand with all types of real estate investments, and can also be referred to as the lead generation process. You can find a deal in several ways; drive around and find the property, talk to people with personal problems that own or have access to properties, find people on divorce lists, or people going through issues such as probate.

Industry 2: Financial

Things To Know

There are different lanes when it comes to working in the industry. When you are licensed and certified as a financial advisor, you are limited to a certain type of clients such as people with higher net worths.

Gets you around business people. It gives you an advantage in terms of investing knowledge. This leads you to gain financial literacy that can teach you how to maneuver the equity investment sector.

Don’t get in as a financial advisor. That lane targets a different demographic, which gets you in the route of chasing the money rather than serving your community.

Coming in as a financial coach helps you learn more because of the way you get to serve the community depending on your ultimate goal. Might not come in with all the money but you will serve your soul.

Steps To Get Started

Get specialized knowledge-Being in the financial industry, there are great resources for knowledge because you are around people looking to invest either by starting a business or getting in equity investments. Without specialized knowledge that enables you to determine profitable projects by looking at financial statements, you might as well be gambling and speculating without any info on the numbers.

Get the idea- 13 years ago, someone started Uber. Because he had a great idea, all he had to do was follow this next step;

Start talking to people- Just like in real estate, the financial industry is a people industry. Your network is your network, so make sure you are getting around people and getting them excited about what you want to do.

Organize a team- When investing by way of starting a business, the next ticket to skyrocketing your investment is the team. You need a team with rich experiences in legal, technical, management, and specialized skills in the area of business you are looking to invest in.

Get funding- While getting all this done, one thing you should be doing is seeking funding. If you have private funds or savings for investments, that is great, but during capital-intensive startups, lenders might come in handy. Another source of capital can be angel investors or venture capitalists.

Fine-tune your beliefs- This is all about believing in the investment. Do you trust the jockey and the horse or in other terms, the driver of the business and the business itself? This is why specialized knowledge about how businesses are run, what constitutes a good business and the characteristics of a good businessman/driver is non-negotiable.

Industry 3: Contractor

Things To Know and Steps To Get Started Start residential, where there are fewer rules and regulations, as a beginner.

When you go in as a general contractor, the test is highly detailed and when coming in with your own entity, you need experienced specialists. At this level, you should start with an extremely basic project.
But, you can climb up the ranks quickly on the building side as a general contractor. There is a lot of security in the industry but you would have to work your way up for 5-10 years to reap the benefits of a 6-figure salary.
The industry is not completely passive even when you have your own entity. However, you can take commercial projects to yield more.

Conclusion

Investing for the long term is all about having something that feeds your soul. So before looking into the various investments discussed in this article, find out your why or your mission in life, then channel that to the project that you want to do. All in all, with all the types of investments mentioned in this article, there is no need to go to college. You can go all in; head first, and start building your wealth; and if you like what you’ve read so far; let’s Link Up:👉 Chris Mouzon