The Biggest Mistakes Investors Make with Adam Beckstedt
Episode description
Adam Beckstedt is in real estate but he is not a realtor. He buys apartments to gain long term/high return cash flow. Adam offers opportunities for passive investors to invest alongside him in these properties in order to gain the benefits of real estate without having to do the hard work that it requires. They get to take advantage of tax savings, cash flow, and appreciation to name a few in order to live off of their returns or offset their high W2 income taxes.
Adam also strives to teach as many people as he can, not only to be the best they can be but to utilize real estate to achieve financial freedom for themselves. He does this through co-hosting a monthly local real estate meetup of 60-70 people, hosting a YouTube channel, providing individual coaching, being a member of 2 real estate masterminds, and a few other avenues as well. Adam also volunteers at Junior Achievement to help ignite the minds of kids on what it means to be an entrepreneur and recently joined to be a Rotarian in 2019. He is striving to find more ways to give back to those around him.
On This Episode:
- Adam talks about living with parents who flipped real estate.
- Discover how to target your ideal tenants.
- Adam shares some of his biggest dislikes from single-family real estate.
- Find out why Adam thinks more investors should be scared right now.
- Sam encourages investors to have cash reserves ready to pay for your property mortgange during any unexpected downturns if rent dries up.
- Adam and Sam discuss being on the same page with your spouse when it comes to investing.
- Find out the importance of properly vetting your partners.
Tweetable Quotes:
- “There’s no investment out there without risk.” – Adam Beckstedt
- “If it’s all about the money, the partnership is going to get old fast.” – Sam Newell
Key Takeaways:
- You have to consider scalability when deciding where to invest.
- Investment properties are businesses banks love.
- Really research those that you partner with.
Adam Beckstedt
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