Real Estate Investor Huddle

Lessons From a Seasoned Pro: Wealth Building vs. a J.O.B. w/Steve Carlson

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Sinopsis

As we get closer to a market shift, all the top investors are rolling up their sleeves and getting ready to capture the opportunities that will come. What are the key activities we need to build into our businesses to grow during the correction? How do we create long-lasting wealth? Why is competing on price alone not good enough in this market? On this episode, we’re joined by longtime friend and successful investor, Steve Carlson. We discuss lessons we’ve learned along the way, and how Steve is creating a Wealth Machine.    Takeaways + Tactics  Every market shift is preceded by a euphoric stage. This is when money is easy to get but deals get harder to come by. Sellers start having unrealistic expectations and then venture money starts pouring into the market. It’s what we’re witnessing now.  Owning rental properties free and clear is the path to permanent wealth. Debt eats into cash flow and makes it impossible for us to get off the hamster wheel.  In this market, we can’t compete on price, but we can bea