October 30th, 2023 9:57 PM by Eric Willner
Radio Show Notes 10/30/23 Monday:
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Welcome to the Real Estate Show – South Florida's #1 Real Estate Radio Show and America's longest-running daily radio show about real estate. I'm your host, Eric Willner, known as the Voice of Real Estate, and the founder of America's longest-running daily radio show about real estate, as well as the creator of The Automatic Landlord System for Owning Cash Flowing Real Estate "Profitably and Hassle-Free." Today is the "Monday On A Mission" edition of The Real Estate Show, and it's where we continue to talk about why NOW is the time to buy real estate using the theme of:
[THEME OF THE DAY]
- There are 3 Styles of Investing in Real Estate – DIY, DWY, and DFY:
DIY stands for “Do It Yourself”
DWY stands for “Done With You”
DFY stands for “Done For You”
But before we dive into that, let me hit you with a question:
Did you know that the real estate market has historically outperformed the stock market over the long term?
- That's right, and we'll be delving into why that is the case throughout today's show. So, sit tight and let's get started.
[WORKSHOP ANNOUNCEMENT]
- But before we get into the meat of the show, let me remind you about this week's special FREE Workshops:
[DIY, DWY, and DFY]
- Now, let's continue to talk about why NOW is the time to buy real estate, focusing on the 3 styles of investing in real estate, which is often a better choice than gambling on Wall Street. We are going to cover this throughout the week and lay out the road map to safely create and keep wealth through affordable housing, to gain independence and peace of mind. It all starts with getting yourself organized and having a financial edge.
So, let's break down the styles a little further:
[DIY: Do It Yourself]
- First up, we have DIY, which stands for "Do It Yourself." Now, there are certainly some pros and cons to this approach.
Pro #1: You have complete control. When you choose the DIY route, you are the master of your real estate destiny. You select the properties, make all the decisions, and enjoy all the profits.
Pro #2: Learning opportunity. If you're looking to gain valuable knowledge about the real estate market and investment strategies, there's no better way than diving in and learning as you go.
Con #1: Time-consuming. Real estate can be a time-intensive venture. From property research to maintenance, it can become a full-time job.
Con #2: Risk of mistakes. As a novice, you may make costly errors, both in property selection and management, potentially affecting your overall returns.
[DWY: Done with You]
- Next, we have DWY, which stands for "Done with You." This style offers a unique blend of hands-on and guided support.
Pro #1: Shared responsibility. With DWY, you have experts by your side, guiding your decisions and offering their experience while still allowing you to be involved in the process.
Pro #2: Learning while doing. It's an excellent way to acquire knowledge and experience with some expert backup.
Con #1: Shared profits. You may have to share a portion of your returns with the professionals guiding you.
Con #2: Limited control. While you have guidance, you won't have the same level of control as in the DIY approach.
[DFY: Done For You]
- Lastly, we have DFY, which stands for "Done For You." This style provides a more hands-off approach.
Pro #1: Minimal effort. You can sit back while professionals handle every aspect of real estate investment, from property selection to management.
Pro #2: Passive income. If you're looking for a hassle-free way to generate income from real estate, DFY can be an ideal choice.
Con #1: Fees. You'll likely pay fees for the services provided, which can eat into your profits.
Con #2: Limited involvement. If you prefer a hands-on approach, DFY might not be the best fit for you.
[SPONSOR'S BREAK]
- Before we continue, let's take a moment to thank our sponsor. Today's show is brought to you by FixMyCredit.com, your trusted source for improving your credit score. Whether you're looking to secure a mortgage or better interest rates, FixMyCredit.com has you covered. Visit their website today to learn more about their services.
[SUMMING IT UP]
- So, there you have it – the three styles of investing in real estate. Each has its own set of pros and cons, and the right choice for you depends on your personal goals, expertise, and level of involvement you desire.
- In the coming episodes, we'll be diving even deeper into each of these styles, exploring the strategies, tips, and success stories that will help you make an informed decision. As always, our goal is to provide you with the knowledge and guidance you need to become a successful real estate investor.
- That's all for today's "Monday On A Mission" edition of The Real Estate Show. Thank you for tuning in. Remember to take action, and don't miss our special FREE Workshops this week. Text the word EDGE to 561-861-2366 for more information.
- Today's show was brought to you by FixMyCredit.com. Improve your credit score and secure your financial future. Visit FixMyCredit.com today. I'm Eric Willner, the Voice of Real Estate, and I'll catch you in the next episode. Have a great day!
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