Ryan Enk: Getting Paid Through Round Trip Investments

A round trip is when you go from acquiring property to refinancing the property and then selling the property. You've gone through the full cycle of the property.

There are five ways to get paid in a good round-trip investment. First, you get paid on preferred returns. Second, you get paid through cash flow. Third, you can get paid through refinancing the property. Fourth, you can get paid through depreciation. Lastly, you’ll also get paid once you sell the property.

If you want to go to the next level. You better surround yourself with people that are on the next level. Pick their brain, study their habits and emulate them. See how you could apply their principles in your life or create principles of your own out of their ideas.

The secret to real estate is location and population. Look into whether the location you’re looking at has a positive migration - meaning more people are going in than going out. See whether there is diversification in the industry.