Real estate investor, Sean Brooks of Coastal Capital, LLC first became interested in the business after reading Robert Kiyosaki’s “Rich Dad Poor Dad” in his final year in college. Since that point, Mr. Brooks has consistently been growing his business and expanding his influence as a mentor to new or less experience mentors. In this article, he offers some timely advice for anyone thinking of getting into real estate investing.
One of the most appealing aspects of this business is that practically anyone can get involved. While formal education may help in some cases, it is far from necessary. Brooks points out, “Anyone who wants to get into real estate investing can do so. The only true requirement is the ability to have an open mind, and learn as much information as possible, and work your butt off to become successful.” Spoken like a true mentor, he adds, “I’ll be the first person to tell you that there is no magic bullet. Self education, mindset training, proper goal setting, and incredible work ethic, is the recipe for success, no matter what business or industry you are a part of.”
Another misconception many people have about becoming a real estate investor involves having to have a great deal of capital to get started. According to Brooks this is simply not the case, ” I got started as a broke kid who just got out of college. Most called me crazy, but I learned very creative techniques to control properties without needing any money, and then flipping those properties to other investors who did have the capital. All for very nice profits! This is how you can get started with NO money. Brooks is quick to add, “Ideally you do need some money for marketing, but that could be as little as a couple hundred dollars a month.”
To further illustrate this point, Brooks tells a great story of a friend of his in Charlston, South Carolina, “He put a contract on a multi-million dollar beach home with no money down. He flipped that contract for $350,000 profit in a couple months to a cash buyer, which means he essentially created $350,000 out of thin air! Not to mention he did it through his self-directed IRA and didn’t have to pay Uncle Sam. That’s the power of creative real estate investing.”
Of course, these opportunities are not always possible but they are more common than most people might be led to believe. When asked what results can someone reasonably expect in their first year in the business, Brooks adamantly replied, ” The sky really is the limit. You get out of it what you put into it. The more you are willing to hustle and work your butt off, the more you will gain! Getting started part-time doing quick flips to cash investors with no money out of your pocket like I got started doing, it’s not unreasonable to say you could earn 6-figures in your 1st year in the business.” Brooks continues, “On the flip side, most people who start don’t make anything, simply because they won’t do what it takes to succeed. They’ll let fear stop them. They won’t get a mentor. They won’t commit to education. Success is a decision. And for those that swiftly commit to success, the possibilities are endless.”
For anyone interested in taking the first steps to becoming a successful real estate investor, Sean Brooks offers this advice, ” Get a mentor! Whether you can find one who will mentor you as your work with them, or pay someone, there is absolutely no faster way to beat the learning curve. It will save you tens of thousands of dollars in mistakes and headaches to have someone on your team who has already ‘been there done that.’ ”
Anyone wishing to learn more about Sean Brooks or his company, Coastal Capital LLC, is encouraged to visit his site at: http://cashflowinfusion.com/work-with-sean or call 1-843-633-1858.