Today’s REI Classroom Lesson

Andy McFarland answers us in explaining what he means by “Done is the New Perfect” and how it applies to real estate investing in a big way.

REI Classroom Summary

We can only learn so much from courses online, videos, and researching. When it comes to real estate investing, getting out there and doing it is one of the hardest things to do when you’re starting out. Andy goes over why you need to be doing what’s right for you and learning from your actions.

Listen to this REI Classroom Lesson

Real Estate Investing Classroom Show Transcripts:

Mike: Welcome back to the FlipNerd.com REI Classroom, where experts from across the real estate investing industry teach you quick lessons to take your business to the next level. And now, let’s meet today’s expert host.

Andy: What’s up, everyone? My name is Andy McFarland and today I’m going to be your host for the REI classroom. And the topic for today is, “Done is the new perfect.”

Mike: This REI classroom real estate lesson is sponsored by UglyOpportunites.com

Andy: So you’re probably wondering what I mean by “done is the new perfect.” Here is what I mean. In the real estate world, there are a lot of people that do education. And education is not a bad thing. It’s a good thing. You need to get educated, but the most important thing is taking action on that education.

Now, a lot of people get tripped up over it and say, “Well, I want to make sure I’m doing the right thing.” So they want to research everything and find out what exactly the right path is. But let me give you a secret, guys: there’s not one right path. But the right path for you is taking action and implementing anything, anything it is you think you want to do in the real estate space. If you’ve learned about it, and somebody’s doing it successfully, and it seems interesting to you take action on that, start moving toward that.

And you say, “Andy, but it’s not going to be perfect. I want to make sure I do all of my research before I dive in anything. I want to make sure I don’t make any mistakes.” Let me tell you, you’re going to make mistakes, but here’s the thing, your learning is going to start when you start taking action. So what I tell you guys is this: done is the new perfect.’ Just get out there and start doing something. Because you are going to start in one vein and as you go down this road, you’re going to adjust as you go. It’s not going to be perfect when you start, but I guarantee you, you’re going to move towards perfection as you start taking action and working towards things.

When I started my real estate career, I had no idea what I didn’t know. But now that I’ve been moving forward towards things, I recognize what I’m good at, I recognize how to do wholesale deals now, how to do buy and hold properties now, how to do fix and flip properties now. But it’s all because I started. So my encouragement to you is to remember, done is the new perfect. Do something. Take action because that is where your learning starts.

Mike: HomeVestors, the “We Buy Ugly Houses” folks, is a franchise system of hundreds of real estate investors that have purchased over 65,000 houses. If you’d like to learn more about the most powerful real estate investing system in existence, whether you’re a pro looking to take your business to the next level or whether you have no experience at all, but a burning passion to be successful in real estate investing, please visit FlipNerd.com/ugly to learn more.

Please note, the views and opinions as expressed by the individuals on this program do not necessarily reflect those of FlipNerd.com or any of its partners, advertisers or affiliates. Please consult professionals before making any investment or tax decisions, as real estate investing can be risky.

Are you a member yet of FlipNerd.com, the hottest real estate investing social community online? If not, you can join for free in less than 30 seconds and get access to hundreds of off-market deals, vendors in your market to help you in your business, and you can start networking with thousands of other investors just like you. Get your free account now at FlipNerd.com.

Please check out the FlipNerd family of real estate investing shows where you can access hundreds of expert interviews, quick tips and lessons from leaders across the real estate investing industry. They’re available at FlipNerd.com/shows or simply search for FlipNerd in the iTunes store.

 


 

Andy McFarland
Andy McFarland is a self-made real estate entrepreneur who started with nothing and currently makes seven figures a year in his real estate business.After getting fired from his job 10 years ago, Andy went into real estate full time and has never looked back. Since that time he has purchased 500+ properties directly from private sellers. He has a special ability to listen to a seller’s needs and create win-win solutions. Andy firmly believes that, “You can have everything in life you want, if you will just help other people get what they want.”Andy is passionate about real estate and teaching others the skills and techniques he used to become financially free. Andy’s emphasis is in working directly with private sellers, negotiating, creative financing, and wholesale deals.Andy has been married for 10 years and currently resides in Utah with his beautiful wife and three amazing children. Andy enjoys being around family and friends and continuing to grow and learn every day.Learn more at www.iloverealestatestories.com.
Andy McFarland

Latest posts by Andy McFarland (see all)