Investing 101: Tips From Over 30 Years of Experience in Real Estate || Garrett Peers Investing in real estate can be very rewarding, especially when done out of passion. Garrett Peers has been in the real estate game for over 30 years, and he joins Pauric and Lisa in this episode of the Solid Foundation Podcast to share more about his secret tips to success. Through real estate, Garrett found a way to express his creativity by buying run-down buildings and adding value to them, bringing life to once a lifeless property. Garrett shares that one of the secret cards to his success is having the right team of contractors, engineers, a legal team, and surveyors. Though finding the right people takes time, mentorship can come in handy. No matter your experience level, having a mentor, such as a property investment coach, is crucial. They can guide you through the complex aspects of real estate investing and help you avoid common pitfalls. Additionally, it is important to experiment with different investment strategies, especially less popular ones, and learn through experience. Making mistakes is part of learning and helps you become a better investor. Garrett also emphasizes that success in real estate is not just about who you know but who knows you. Your success depends on the places you go, the rooms you enter, and the people you meet. Building a solid network is essential because, in real estate, your network truly is your net worth. Tune in! What You Will Learn: ● [06:15] Garrett’s current investment strategy ● [12:03] The 2008 market crash, aftermath, and how his portfolio was affected ● [19:41] Why it is still a challenge to finance a real estate deal ● [22:32] Key things and metrics to be looking for in any investment ● [27:37] Garrett’s blend of weaknesses and strengths for success as an investor ● [31:58] How constant improvement makes you better at investing ● [33:51] Garret’s vision in 20 years ● [43:30] Why you should be actively putting yourself out there through social media Standout Quotes: ● Crises are learning opportunities. You will never know what you have done wrong until a crisis hits you. ● Good real estate deals are everywhere, but you must surround yourself with the right team to make them worthwhile. ● Put yourself in the right rooms and in the right networks. ● It’s not always about who you know but who knows you. Stay Connected Garrett Peers Website: https://www.garrettpeers.com/ LinkedIn: https://www.linkedin.com/in/garrett-peers-55808517a/ Instagram: https://www.instagram.com/garrett_peers/ Facebook: https://www.facebook.com/garrett.peers.9 Twitter: https://twitter.com/garrett_peers TikTok: https://www.tiktok.com/@garrett_peers?_t=8c7nKVme2Zv&_r=1 Linktr. ee: https://linktr.ee/garrettpeers Pauric Hilferty LinkedIn: https://www.linkedin.com/in/paurichilferty/ Instagram: https://www.instagram.com/paurichil/ Facebook: https://web.facebook.com/pauric.hilferty/ Linktr. ee: https://linktr.ee/paurichilferty Lisa O'Reilly Website: https://lorpropertysolutions.ie/ LinkedIn: https://www.linkedin.com/in/lisa-oreilly/ Facebook: https://web.facebook.com/Lisaoreilly20 Networking Groups Northern Ireland: The North West Property Meet Republic of Ireland; The South Property and Business Network
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Nov 1 202449 mins
31 mins