How to Get Started in Real Estate Investing: Step by Step in 2024

This week on Get Creative, Pace Morby is back with another insightful discussion about creative real estate investing. He sits down with first-time investor Jake Alexander to discuss Jake's journey of leaving his corporate job to pursue real estate full-time. Pace breaks down the basics of getting started through creative financing strategies like seller financing and subject-to-deals. He provides a model for acquiring your first 25 rental properties without needing much cash upfront. Tips include flipping houses each year with an experienced partner while driving for dollars to find off-market deals. As always, Pace delivers practical advice in his signature motivational style. Don't miss this episode for a step-by-step look at how to transition into real estate investing in the new year. Plus, one lucky listener will drive away with a free car at the end of the show! Highlights: "I ended up having a big company meeting for about five hours today. And just kind of cleaning up all the meetings that we weren't able to have to wrap up the year of last year."I'm already known as the creative finance guy. Why don't I just double down and just help everybody else."I think the market is going to go bonkers. Whether they raise rates or lower them, the real estate market will go crazy."+

Timestamps:

00:00 Introduction
06:04 Purchasing a 20-acre Ranch
12:23 Giving Away a Car
25:44 Jake Alexander
37:38 Finding Deals
51:28 Creating a Game Plan
58:35 Consistency
01:03:11 Different Strategies for Different Situations
01:14:01 Embracing Uncertainty
01:30:12 Becoming the Bank
01:31:09 Giving Away a Car