In this conversation, Joel Miller shares his extensive experience in real estate investment, discussing his journey from a mobile DJ to a successful real estate investor. He emphasizes the importance of mindset, relationships, and education in building wealth through real estate. Joel also provides insights into tenant screening, structuring entities for investments, and the nuances of private money lending. His book, 'Build Real Estate Wealth, Enjoy the Journey of Rental Property Investment,' serves as a guide for those looking to navigate the complexities of real estate.
Takeaways
- Real estate can complement your existing passions and careers.
- Understanding the difference between riches and wealth is crucial.
- Building relationships is key in the real estate business.
- Tenant selection is critical for success in rental properties.
- Education is essential before diving into real estate investing.
- Time can heal mistakes in real estate investments.
- Structuring entities properly can protect personal assets.
- Private money lending is based on relationships and knowledge of the asset.
- Clear financial statements improve chances of loan approval.
- Surrounding yourself with the right people can lead to success.
Connect With Joel
Instagram: https://www.instagram.com/joelmillerbooks/?hl=en
LinkedIn:https://www.linkedin.com/in/joel-miller-42981811/
Website: https://www.joelmillerbooks.com/
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