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Category

😹
Fun
Transcript
00:00I think this is such an important conversation. So I just dig in here for a minute, because
00:04it's something we talk about a lot on this show, too. I think it's the same mentality where people,
00:09if they're trying to buy their first real estate deal, they want it to be a home run. They want
00:13it to be a grand slam. A lot of times people look back and think, oh, my God, if I had just bought
00:18in 2020, it would have been amazing. The reality of real estate is that it's a slow thing. And it's
00:24kind of like this long, protracted benefit that is not a get rich quick scheme. This is an old
00:31adage in our industry, but it's more about time in the market than timing the market. Perfect. And
00:36of course, that feels super intimidating, because this is probably going to be the largest check
00:41you've ever rid. No matter if you're putting 3.5% down or 20% down, it's scary. I admit all the time
00:47on the show, I've been doing this for 15 years. I'm scared every time I buy a house. Absolutely.
00:51But like you said, making that clear that it is scary, but it doesn't have to be perfect. I know
00:58for everyone who went through 2008, you think of it as this huge risk asset, like it's the stock
01:03market or it's cryptocurrency. But in reality, real estate is actually quite forgiving. If you look
01:08at the history, the last 100 years of real estate prices, it's actually one of the least volatile assets
01:14that you can buy. And just finding something that works.
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