In this episode of The Real Wealth Formula, Brad Hovis sits down again with Rob Swanson to tackle a big question: How should new investors educate themselves on real estate? Rob shares how he taught his own kids the basics, the difference between buying property and buying a true deal, and why the most successful students always start with a clear "why." The conversation covers free vs. paid education, the role of AI, and the mindset shifts required to actually succeed in real estate investing.
Key Takeaways
- Education starts with a clear reason why you want to invest. Without it, you will quit when things get tough.
- Don’t focus on buying property. Focus on buying deals that deliver cash or cash flow.
- Free education is everywhere, but the key is choosing the right mentor and committing to action.
- AI can be a powerful tool if you treat it like a coach, not just a search engine.
- Success comes from taking the first step and learning from experience.
- Specialists provide more value than generalists and usually earn more.
- Making more money first, then using it to acquire passive income, is a proven path to wealth.
Resources and Links Mentioned
- REI School
- Rebiz
- FreedomSoft: Real estate investor CRM led by Rob Swanson
Connect With Us
- Website: www.realwealthformula.com
- Phone: 877-77-MOGUL
- Email: podcast@realwealthformula.com
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- Instagram: @realwealthformula
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