The Three “Rs” of Real Estate Investing

Expert real estate investors, Rick McKinnon and Leslie Quinsay, have a property portfolio that proves anyone can still make a fortune by investing in real estate. McKinnon’s and Quinsay’s new book, R3: Real People with Real Strategies for Real-Estate Investing: Developing the Mindset for Success, explains their strategy in words that even a layman can understand and shows you how their proprietary strategies can work even in today’s unstable economy.

The three “Rs” of real estate investing include Real people (with the right attitudes), Real strategies (for investing in this or any other real estate market) and the basics of smart investing (how to make the actual decisions that will build your wealth). Rick’s and Leslie’s book is a fascinating read – peppered with personal tidbits and incredible insights that will change your thinking about purchasing real estate to ensure your financial success.

Rick and Leslie are friends, business partners and co-authors who inspire each other to succeed. Together, they’ve written R3: Real People with Real Strategies for Real-Estate Investing in an effort to help others achieve what they know is possible from their own successes. Rick is president of Real Estate Investment Solutions, a consulting firm that focuses on helping others identify real-estate investment opportunities. Leslie is president of Meridian Commercial Investments Inc. and her expertise is the acquisition, management and development of real estate and turning them into excellent investments.

Together, McKinnon and Quinsay have written a unique and informative “how-to” book that can teach anyone the strategies for developing a winning mindset necessary for successful real estate investing. Unlike most how-to books, R3: Real People with Real Strategies for Real-Estate Investing doesn’t read like a text book. Rather, it’s a book that not only focuses on the successes to be had – but also mistakes that can happen and how you can learn from them.

When it comes to any type of investing, the more knowledge you have access to – the better chance you’ll have for success. In Quinsay’s and McKinnon’s book you’ll learn the advantages of “property passion,” building a mindset that will bring you success, how to build your portfolio and where the best investment bargains can be found.

Rick and Leslie also include chapters in R3: Real People with Real Strategies for Real-Estate Investing about how to evaluate property and what to look for in financing and joint ventures. Property and tenant management are important aspects of real estate investing and McKinnon and Quinsay give you a clear cut plan for success in those areas.

You’ll also learn how to build a team of success-oriented people to help you achieve your dreams of financial triumphs. And R3: Real People with Real Strategies for Real-Estate Investing: Developing the Mindset for Success doesn’t leave you there. Rick McKinnon and Leslie Quinsay provide clear cut directives in their book that will put you on the path of growing wealth beyond your dreams.

6 Tips to Take Your Real Estate Investing to the Next Level

Taking your real estate investment business to the next level means going into territory you haven’t gone before to reap rewards you haven’t yet obtained. I know a lot of people who do the same types of deals they did when they first started in real estate investing. Now there’s nothing wrong with doing that if you’re content with what you’ve got. But if you’re looking for something more, you’ve got to take on greater investment opportunities. Here’s how to do just that.

Tip #1: Go After Bigger Fish

I got into real estate investing because I wanted to make some serious cash. I was sick and tired of struggling financially and I hated coming home tired every night. Well, I found real estate. I started doing some single family deals but after awhile, I found that I was still as broke as I was when I first started. I needed cash flow and I needed it fast. Go after bigger fish. Commercial property investment deals offer some of the greatest cash flow and returns for an investment dollar. The number of units and the size of the properties brought the largest returns for the amount of time and money I had invested in any deal.

Tip #2: Continually Educate Yourself

To get to the next level in your real estate career, you must continually educate yourself. Education enables you to find solutions to any challenges that may come up when you’re doing deals. Education also helps to eliminate unnecessary risk. Unfortunately, many investors believe that their lack of knowledge prevents them from doing the tougher types of deals like commercial properties. That couldn’t be farther from the truth. You must continually educate yourself. Read books. Attend seminars and don’t hesitate to ask questions.

Tip #3: Get a Mentor

A good mentor helps you gain practical experience much quicker and more easily compared to books and courses. Mentors help you navigate deals and overcome any show stopping challenges that may arise. Mentors are your safety net in areas where you don’t know where you’re headed. If you’re serious about taking your real estate investments to the next level, a mentor will help you get there quicker and with much less risk than if you were to do it alone.

Tip #4: Utilize a Team of Experts

There are many people who shun the idea of new investors taking on the risk of large, complicated projects like commercial real estate investments. They’re right. Commercial property investing is not for inexperienced investors or for do-it-yourselfers, but here’s the idea – let the experts be experts. Your team of experts works to eliminate the risk of your inexperience and lack of knowledge. You can get to the next level in your real estate investment career when you have the expertise of people who already know how to navigate their way through a deal.

Tip #5: Develop Marketing Skills

Any business will fail unless it’s marketed. Taking your real estate business to the next level means you must develop your marketing skills by putting them into action. For example, I started marketing my business using direct mail. At the time, I believed that it was the only thing I could do. As I started to get responses, I started networking myself at places like local real estate investment clubs and with bankers. Basically, I took one marketing strategy, learned it, and honed it until it produced a reward for me. Then I started working other forms of marketing. Your business is going to go to the next level when you start learning about and working more marketing strategies.

Tip #6: Have a Can-Do Attitude

Attitude makes all the difference. A person who thinks that they can’t do a deal that will take their business to the next level has already shot himself in the foot. Without even trying, he’s already doomed to failure. Conversely, a person who is hungry enough for success will attain it simply because he hasn’t given up.

No matter where you are in your real estate career, these tips will help you get to the next level. Commercial real estate is the right vehicle that provides some of the greatest cash flows in the industry. When you combine education, expertise, marketing, and the right attitude, you’ve got the makings for attaining greater investments and receiving better cash flow deals. The next step is to take action.

Discover how you can start investing in real estate from someone who started investing in real estate while renting a one-bedroom apartment to being the owner of more than 7,500 units spread out across the beautiful US.

I bet you would like to know how I manage all my properties? Want to know how to start investing in real estate with little money? Like I said I started at the bottom and I am very thankful to be where I am today. If I did not have the knowledge and the help I am not sure where I might be now. Let me show you how I manage all my 7,500+ units so that you can do what you want, with whom you want…however you want!