The School of Greatness

Should You Still Be Investing in Real Estate? They Don’t Want You to Know THIS About Buying a House

Aug 7, 2024

In this engaging discussion, Glennda Baker, a real estate expert with over 30 years of experience, shares her insights on leveraging property investments to build generational wealth. She stresses the urgency of buying homes even with minimal down payments, warning against being outpaced by institutional buyers. Glennda highlights the importance of patience and avoiding ego-driven decisions in real estate. Through personal anecdotes, she candidly reflects on past mistakes, offering vital lessons for financial success and practical investment strategies.

01:22:57

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Glennda Baker

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Quick takeaways

Investing in real estate early, even with minimal down payment, is crucial for building generational wealth and financial security.

Avoiding ego-driven purchases and focusing on properties that offer genuine value can lead to sound investment decisions.

Developing soft skills like patience and resilience is essential for navigating real estate challenges and achieving long-term success.

Deep dives

Building Generational Wealth

The discussion emphasizes the importance of building generational wealth through real estate investment. It suggests that individuals should buy property as soon as possible, ideally with minimal down payment on two-bedroom, two-bathroom homes, which can serve dual purposes as personal residences or rental investments. The speaker warns against being influenced by misleading advice suggesting that renting is preferable to buying, especially in the context of market trends suggesting a future where many may be forced to rent. By investing early and wisely, individuals can create a stable foundation for their financial future and provide security for their families.

Prioritize Value Over Vanity

01:20

Key Considerations for Smart Real Estate Investments

01:50

Insights on the Housing Market and Election Season Strategy

03:21

Real Estate Investment Advice for Young Professionals Making $70-$120k

04:06

Intro

2min

Building Wealth Through Real Estate

21min

Discovering Opportunities and Manifestation Insights in Ohio

3min

Lessons in Self-Worth and Financial Responsibility

19min

Living Your Truth: Inspiring Authenticity and Growth

2min

Lessons in Love and Finances

21min

Unlocking Holiday Opportunities in Real Estate Negotiations

4min

Navigating Real Estate Decisions

17min

Embracing Greatness and Finding Home Comforts

3min

Summit tickets are ON SALE FOR 20% OFF!!! Get them before they sell out at lewishowes.com/tickets. Sale ends Thursday, 8/8/2024 at midnight.

In this episode of The School of Greatness, Lewis sits down with Glennda Baker, a seasoned real estate expert with over 30 years of experience. They dive deep into the intricacies of real estate investment, focusing on how to create generational wealth through strategic property purchases. Glennda emphasizes the importance of buying property as soon as possible, even with minimal down payments, to avoid being sidelined by large institutional buyers. She shares invaluable advice on avoiding ego-driven purchases, the pitfalls of HOAs, and the significance of patience in wealth building. Glennda also discusses the critical soft skills needed in real estate, such as patience, and warns against being swayed by vanity. She opens up about her personal experiences, including past mistakes and the lessons learned from them, providing listeners with a candid and inspiring look at achieving financial freedom.

In this episode you will learn

How to strategically invest in real estate to build generational wealth.
The importance of avoiding ego-driven purchases and focusing on practical investments.
Why buying a property, even with minimal down payment, is crucial in today's market.
Key soft skills for real estate success, including patience and avoiding distractions.
Glennda's personal experiences and lessons learned in the real estate industry.

For more information go to www.lewishowes.com/1651

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More SOG episodes we think you’ll love:

Jaspreet Singh – https://link.chtbl.com/1644-pod

Patrick Bet-David – https://link.chtbl.com/1547-pod

John Maxwell – https://link.chtbl.com/1501-pod

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