Podcast Episode 2: The Investor Diagram
Welcome to every possibility podcast. A place for new investors to learn about investing, starting a business and credit knowledge. Sit back, relax and let’s get the conversation started…
Hi everyone. My name is Ameerah and our topic for today is…
The Investor Diagram
So you’re probably thinking. “What is the investor Diagram”
If you are looking at it from my site then an image is below. If not then I will describe it for you.
Everyone should be familiar with the Project triangle “Cheap, Good, and Fast” where each word is on one side of the triangle.
Well the investor diagram is similar to that. So instead of “Cheap, Good and Fast” we will replace it with Credit, Asset/Money, and Experience.
As you know it is hard getting into real estate investing because there is so much information out there. So let’s break this down.
Credit will represent your credit score and with this I mean good credit like at least 680 or above with a clean credit profile. You know what I mean. No collections, charge offs, judgments, bankruptcies for at least 3 years or more.
Assets/Money is just that. Cash on hand or collateral that you can pull from
And then there is Experience. How much applied knowledge you know about what you are doing and taking action in doing it.
So with that being said. You can usually get into real estate investing if you have at least 2 of the 3. Ok Let me put it this way. It is EASIER to get into real estate if you have 2 of the 3.
So If you have Credit and Assets. You don’t really need experience because there are tons of people who are willing to help make money in real estate. Make sure you find trustworthy people.
Same goes with experience and Assets. If you have these two then your credit may not be a factor in you getting started.
And then there is Credit and Experience. For those that have that then you may not need assets. You can leverage your credit to get things rolling.
Now the few that have all 3. That is Ideal and I hope you will let your money work for you and not it. You can help anyone that is lacking in one of the areas above.
Then there are people, good people where life hits them pretty hard and maybe lacking either all or have 1 of the 3. If that’s you there is still hope. If you have at least 1 of the items mentioned you can use that to gain the other 2.
Let’s say you only have good credit but no assets or experience. You can always partner with someone that only has experience and the same goes for the rest of them.
I have talked with people who want to go at it alone but they only need assets but that have credit. Then my company can help. We can help them get you the funding either to gain assets or gain some experience.
Well I could talk about this forever but it helps break down what you can do.
Thank you for taking the time out to listen to this podcast. If you are interested in unsecured financing for your next business project you can reach out to us at www.everypossibility.net or give us a call at 469-722-1788. We would love to hear from you. But until then bye now…