Steven Andrews, author of “The New American Dream,” discusses the importance of finding a mentor and performing due diligence before investing in rental properties. He emphasizes the need for education, building relationships, and exploring financing options. The podcast explores shifting trends towards renting for lifestyle choices and reflects on Steven's personal real estate investment journey.
Finding a mentor with real-world experience and performing due diligence are key for successful rental property investing.
Educating yourself and building authentic relationships are crucial aspects for achieving success in the rental property market.
Deep dives
Stephen Andrews' Journey into Real Estate Business
Stephen Andrews shares his journey of transition from retail management to real estate, mentored by a local investor, Stephen has successfully ventured into flipping houses, loaning money, and consulting. His experience of starting with minimal funds and building a successful real estate business aims to inspire and guide aspiring individuals.
Creating SOAR X Consulting and Writing 'The New American Dream'
Stephen elucidates on establishing SOAR X Consulting after recognizing the demand for real estate knowledge among novices. His upcoming book, 'The New American Dream,' caters to everyday individuals aspiring to enter the real estate domain. The book aims to provide insights and guidance for those looking to navigate the complexities of investing in properties.
Shifting Perspectives on the American Dream
Stephen challenges traditional views of the American Dream, emphasizing a shift towards owning rental properties instead of personal homes. He highlights the shift in preferences towards renting for flexibility and financial gain, reshaping perceptions of success and wealth accumulation.
Reflections on Knowing When 'Enough is Enough'
Stephen reflects on the pivotal realization of enjoying the journey in real estate ventures. He shares insights on finding contentment amidst entrepreneurial achievements and the importance of balancing personal fulfillment with professional success. Stephen encourages introspection on defining individual measures of achievement beyond societal norms.
When investing in rental properties, most people (including realtors) don’t fully understand what’s needed to be successful. Steven Andrews of SOARX Consulting joins the podcast to share his expertise on getting started in this lucrative market.
Steven’s newly released book, “The New American Dream,” provides the guidance and foundation needed before you begin investing in rental properties. He discusses the importance of finding a mentor with real-world experience who understands the risks involved, is willing to help, and can provide valuable advice. The book also examines why performing due diligence, educating yourself, and building authentic relationships are crucial for success.