So, as you probably know, there is no “one-size-fits-all” business model for investing. Even when you find strategies that work amazingly for you, those strategies will need to morph and change as the market changes.
That’s why I like to emphasize REI basics in many of my lessons. Because – even if you’ve heard something several times – you’re bound to get that “a-ha!” moment each time, as your expertise progresses and develops over time.
Think of it like a multi-layered cake (mmm... delicious). When you’re a brand new investor, you need to build the base of your cake. As you learn more about your industry, you start stockpiling knowledge, which represents the first layer of “frosting” on the cake.
As the market changes, as you invest in different neighborhoods, zip codes or even states, you’ll add another layer of knowledge to your “cake.” And, subsequently, another layer of frosting.
Over the years, your cake will develop many layers. Just because you learn new things (the upper layers) doesn’t mean…
Cody Sperber
is founder and CEO of www.CleverInvestor.com. He's successfully closed many different types of real estate transactions including wholesale deals, short sales, multi-unit, subject to, lease options and my own proprietary investing strategy, the Reverse Short Sale. As a new investor he quickly gained a huge competitive advantage by mastering online lead generation, building one of the most successful real estate investing firms in the Arizona market. His companies have bought and sold hundreds of millions in properties and closed hundreds of real estate transactions. Before real estate, Cody served in the Navy and attended Arizona State, and he is now married to his best friend and has two beautiful children (Hudson and Brynlee).