29 Jan Diversifying Real Estate Investments that Lead to Long-Term Wealth with Jaren Sustar
Episode 433: Diversifying Real Estate Investments that Lead to Long-Term Wealth with Jaren Sustar
This episode of the Smart Real Estate Coach Podcast dives deep into the journey of Jaren Suster, a real estate investor who became a multimillionaire by age 30. Jaren shares his story, starting from recognizing the need for financial freedom in 2018 to acquiring his first property in Greenville, South Carolina, for $68,000.
By leveraging various strategies like the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat), seller financing, and partnerships, he expanded his portfolio to over 20 properties by April 2021. Jaren emphasizes the significance of finding good deals and networking with successful individuals to achieve long-term success in real estate.
Throughout the conversation, Jaren stresses the importance of perseverance, being present in the journey, and continuously seeking opportunities for growth. The episode is packed with valuable nuggets for both novice and experienced real estate investors, encouraging them to embrace delayed gratification, surround themselves with the right people, and focus on consistent progress toward their goals.
What you’ll learn about in this episode:
- Importance of Networking: Success is closely tied to networking and being around people who are already where you want to be. Networking and learning from others who have succeeded in your field can be invaluable.
- Delayed Gratification and Long-Term Thinking: Embrace delayed gratification and focus on long-term strategies. Success often requires making decisions now that may not pay off immediately but will benefit you in the long run.
- Learning from Mentors: Having mentors or people who guide you through your journey is crucial. Jared's success in real estate investing was significantly influenced by the guidance and support he received from his friend and mentor.
- Diversification in Real Estate Strategies: Explore various real estate investment strategies. Jared initially followed traditional methods but then diversified his approach, including the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy and seller financing to scale his portfolio.
- Enjoying the Journey: Don't forget to be present and enjoy the journey. While striving for success, it's essential to appreciate the experiences and lessons learned along the way, rather than solely focusing on the end goal.
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