If you’re ready to make an investment, you’ve probably been asking yourself, “What are some of the things I should take into consideration before making the leap?” Well, I’m going to share some takeaways from a real estate podcast I’ve been listening to that are guaranteed to help you out.

Hey, there! It’s Billy with KeePon Cashflow, and I’m back once again to share some tips and strategies that will help you make more money. They’ll help you have more control over your free time and ultimately live with less stress. If this is your first time here, why don’t you go ahead and subscribe to the channel. If you stick around to the end, make sure you check out the links I’ve provided, as well as the comments section. If you find value in this information, please share it or give it a like. It always helps us reach more people who may have the same questions as you!

Now, let’s get back to making an investment and talking about some of the things you should consider. A lot of people love to listen to podcasts, and I’m no exception! I listen to them when I’m in a car, on a train, or flying in an airplane. They’re perfect for listening at airports while you wait, too. I’ve even been fortunate to meet the person who runs one of the podcasts I listen to. His name is Victor Menasce, and his podcast is called Real Estate Espresso. It’s got great content and he offers a great perspective. He’s a veteran real estate developer and investor. He’s from Canada but he travels and works frequently in the United States. He also has some European roots, like me!

On one of his podcast episodes, he had a question come in from someone in the United States asking about renting or purchasing a short-term property in Portugal. He answered the same way I probably would if you asked me that question. I would probably say, “Well, it depends on your criteria and if it’s the right move for you.” So, rather than just answering the question, Victor offered a couple of things to think about. Since it was so in line with what we talk about as a community, as a tribe, I wanted to bring it up and reinforce the idea once again. Even for those of you asking me, “Should I make this investment?”, a lot has to do with the context of where you are in life, what goals you’re striving for, and why you want to be able to do certain things. You then have to make sure the investment aligns with what your own philosophy is, right? At the end of the day, that’s the most important thing to remember. Victor shared some of his takeaways on his podcast, and now I’m going to pass them along to you. Without further ado, these are the three key things you should be thinking about when you’re trying to make an investment. The first one, especially when it relates to the type of real estate you’re investing in, is where’s the location? Does the location help you achieve your goals as an investor? Whether you’re looking at cashflow or capital gains, it means you want to create a lot of cash in a short amount of time. You buy low, sell high. Sometimes you’re also looking for tax benefits. So, you need to look at what’s going on in that area. Are people moving to that location? Are there jobs being created? Is it a short-term rental? If so, there’s going to be lots of activity and that’ll help you increase your prices. Maybe it’s a beachfront resort, or maybe it’s an urban location and you’ll be dealing more with businesspeople instead of residents.

The second point to keep in mind is your team. You want to make sure you have a good team, especially if you’re looking to do things on a larger scale. This is something I faced in the very beginning when I was doing everything by myself. I wasn’t thinking about building different pieces of my team, but when you’re looking to invest on a larger scale, you really want to understand the team you’re investing with. How long have they been working and how much experience do they have in the type of asset class you’ll be looking into? Are you looking into short-term rentals? What about multifamily properties or mobile home parks? Are you into commercial retail? Will your team be able to handle these types of jobs? Their track record will demonstrate if they are experts in that field, and you can do your due diligence to talk to their references and follow up on the opportunities they’ve been a part of. Make sure you understand what role they’ve played, and make sure they know what role you expect them to play in your business.

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The last point Victor brought up was specific to this opportunity. If it’s a short-term rental, how would it play back into the overall goals you’re looking to accomplish? What are the benefits you’ll be gaining from this? Is it specifically an economic benefit? Do you have some type of personal benefit, such as giving back to the community? Whatever the opportunity, whether it’s a short-term rental, a multifamily residential, or a commercial property, make sure it aligns with your goals.

These three points all really resonated with me. When I was listening to Victor’s Real Estate Espresso podcast, I thought it would be important to share this with you because we’re constantly talking about these same issues in the KeePon Cashflow tribe. We’ve already talked about locations, the importance of your team, and the benefits of specific opportunities. You want to know where you’re investing your capital, who you’re investing it with, and what sort of return you’ll be getting.

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This topic is close to my heart. As most of you know, I am still working in multinational real estate during the day and I’m investing in cashflow assets in the evening. I’ve even written a free eBook for you! All you need to do is click here. Leave your address there, and I’ll send you a copy. Read that first, and when you make sense of it, come back, and we’ll talking about more via a course I offer that provides you with a deeper dive on the subject. That’s for those of you who are serous about going out and making an impact.

Until then, this is Billy Keels. That’s my two cents for today, and as I always like to say, hasta la próxima!

You can also check out my latest podcasts and collaborations here keeponcashflow.com/podcasts/