The Real Estate Show

Radio Show Notes 11/02/23 Thursday: 

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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 Eric Willner, your host, also known as the Voice of Real Estate. Today, we have an exciting episode for you, the "Thursday ATM – About The Money" edition of The Real Estate Show.

THEME OF THE WEEK:  We continue our exploration of why NOW is the time to buy real estate, with a focus on the three Styles of Investing in Real Estate – DIY, DWY, and DFY. But first, here's a thought-provoking question:

Did you know that investing in real estate can provide a hedge against inflation and pave the way to financial security?

 We'll delve deeper into this topic during today's show.

WORKSHOP ANNOUNCEMENT: But before we dive into the details, let me remind you about our upcoming FREE Workshops for next week:

1. Join us on Tuesday at 8 pm for the Path To Home Ownership Introduction – Online by Invitation. Simply text PATH to 561-861-2366 to secure your spot.
2. On Wednesday night at 8:30 pm, don't miss the Financial Edge University Overview – Online by Invitation. Text EDGE to 561-861-2366 to join.

Now, let's continue our discussion on why NOW is the time to buy real estate. Our focus is on the three Styles of Investing in Real Estate – DIY, DWY, and DFY.

Remember: Throughout the show, we have four strategically placed calls to action for you. You can text the word EDGE to 561-861-2366 to access valuable resources and insights that can help you make informed decisions.

Now, let's delve deeper into these investment styles:

DIY Real Estate Investing:

 DIY stands for "Do It Yourself." This style of investing has its pros and cons.

Pros:

1. Lower upfront costs: DIY real estate investing requires less upfront investment than DWY or DFY investing, as you are doing most of the work yourself.
2. Greater control: DIY investors have complete control over their investment decisions, from property selection to renovations to tenant management.
3. Greater potential profits: DIY investors can potentially earn higher profits than DWY or DFY investors, as they are not paying for someone else's services.
4. Learning experience: DIY real estate investing can be a great way to learn about the real estate market and how to invest in real estate successfully.
5. Personal satisfaction: There is a great sense of satisfaction that comes from completing a DIY real estate project successfully.

Cons:

1. Time commitment: DIY real estate investing can be very time-consuming, as you are responsible for all aspects of the investment process.
2. Risk of mistakes: DIY investors are more likely to make mistakes than DWY or DFY investors, as they are not experts in all areas of real estate investing.
3. Need for expertise: DIY real estate investing requires a certain level of expertise in areas such as property selection, renovations, and tenant management.
4. Limited scalability: DIY real estate investing is difficult to scale, as you are limited by your own time and resources.
5. Stressful: DIY real estate investing can be stressful, as you are responsible for all aspects of the investment process and any problems that arise.

DWY Real Estate Investing:

Moving on to DWY, which stands for "Done with You" real estate investing. This style also has its advantages and disadvantages.

Pros:

1. Reduced time commitment: DWY investors have less of a time commitment than DIY investors, as they are outsourcing some of the work to a professional.
2. Access to expertise: DWY investors have access to the expertise of a professional real estate investor, who can help them make informed investment decisions and avoid costly mistakes.
3. Greater scalability: DWY real estate investing is more scalable than DIY investing, as you can invest in multiple properties by outsourcing the work to multiple professionals.
4. Reduced stress: DWY real estate investing can be less stressful than DIY investing, as you are not responsible for all aspects of the investment process.
5. Peace of mind: DWY investors can have peace of mind knowing that their investments are being managed by a professional.

Cons:

1. Higher upfront costs: DWY real estate investing requires more upfront investment than DIY investing, as you are paying for the services of a professional.
2. Less control: DWY investors have less control over their investment decisions than DIY investors, as they are relying on the expertise of the professional.
3. Lower potential profits: DWY investors can expect to earn lower profits than DIY investors, as they are paying for the services of a professional.
4. Need to find a good mentor: It is important for DWY investors to find a good mentor who is honest and experienced.
5. Risk of being scammed: There are some unscrupulous real estate professionals who may take advantage of DWY investors.

DFY Real Estate Investing:

 Finally, let's explore DFY, which stands for "Done For You" real estate investing. This style has its own set of pros and cons.

Pros:

1. Minimal time commitment: DFY investors have the least time commitment of the three types of investors, as they are outsourcing all of the work to a professional.
2. Access to expertise: DFY investors have access to the expertise of a professional real estate investor, who can help them make informed investment decisions and avoid costly mistakes.
3. Greatest scalability: DFY real estate investing is the most scalable of the three types of investing, as you can invest in multiple properties without having to worry about managing them yourself.
4. Reduced stress: DFY real estate investing is the least stressful of the three types of investing, as you are not responsible for any aspects of the investment process.
5. Peace of mind: DFY investors can have the most peace of mind knowing that their investments are being managed by a professional.

Cons:

1. Highest upfront costs: DFY real estate investing requires the most upfront investment of the three types of investing, as you are paying for all of the services of a professional.
2. Least control: DFY investors have the least control over their investment decisions of the three types of investors, as they are relying completely on the expertise of the professional.
3. Lowest potential profits: DFY investors can expect to earn the lowest profits of the three types of investors, as they are paying the most for the services of a professional.
4. Need to find a good investment company: It is important for DFY investors to find a good investment company that is honest and experienced.

SPONSOR BREAK:  Now, before we dive deeper into these investment styles, it's time for a brief sponsor's break. Today's show is brought to you by FixMyCredit.com, where you can improve your credit score and secure your financial future. Visit FixMyCredit.com today and take the first step towards financial success.

INVESTMENT COACHING:

 Now, let's shift our focus to "Done With You" real estate investing. Many of you might be wondering, "Why should I consider coaching in real estate investing?" Well, there are five compelling reasons why coaching can speed up your success in real estate:

1. Education: Real estate investment coaching provides you with the education and knowledge needed to make informed investment decisions. You'll learn about different investment strategies, property selection, and market trends.
2. Guidance: A coach can provide you with personalized guidance based on your specific goals and circumstances. They can help you create a customized investment plan that aligns with your objectives.
3. Accountability: Coaching holds you accountable for your actions and progress. Knowing that someone is tracking your progress can be a powerful motivator to stay on course and achieve your goals.
4. Networking: A real estate investment coach can introduce you to valuable networking opportunities within the industry. Building relationships with experienced investors, lenders, and professionals can open doors to new investment opportunities.
5. Avoid Costly Mistakes: With a coach's guidance, you can avoid common pitfalls and costly mistakes that many beginners make in real estate investing. This can save you time, money, and frustration.

CONCLUSION

We've covered a lot of ground today, exploring the three Styles of Investing in Real Estate – DIY, DWY, and DFY. Each style has its unique advantages and challenges, and it's important to choose the one that aligns with your goals and resources.  That's a wrap for today's "Thursday ATM – About The Money" edition of The Real Estate Show. Thank you for tuning in! Visit FixMyCredit.com today. I'm Eric Willner, the Voice of Real Estate, and I'll see you in the next episode. Have a fantastic day!

Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way. You can reach Eric Willner at eric@therealestateshow.com or 888-595-7779.

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