How to Determine if An Investment Opportunity is a Good Deal or Not with Andrea Lane
Andrea Lane is a veteran investor with over 30 years of experience in residential real estate under her belt. She is the CEO and Founder of Coast 2 Coast Networking, the co-founder of many different real estate ventures, and today, she is using her skills and experience to help 100 people become millionaires by 2025.
Listen to this episode for some golden nuggets from a real estate veteran, the best ways to identify good deals in your market, and how you can persevere through different market cycles!
Key Talking Points of the Episode
00:00 Introduction
01:19 What was it like for Andrea to become an investor 30 years ago?
03:17 How did Andrea get through the mistakes she made early in her journey?
04:35 What is the purpose of Coast 2 Coast Networking?
07:10 Why shouldn’t we focus too much on interest rates when investing in real estate?
12:19 What strategy can help you choose great investments in your market?
15:45 How did Andrea come up with CLEAN?
16:42 What has it been like for Andrea to create educational content?
17:34 How important is it for an investor to continue learning new skills?
18:47 How important is a real estate investor community in this industry?
21:59 What is the importance of being part of REI communities to Andrea?
24:14 What is the biggest deal breaker or deal maker in real estate?
26:22 How does Andrea’s coaching and mentorship work?
28:16 How have Andrea’s mentors impacted her success?
30:04 What has it been like for Andrea to be working with family in business?
31:53 What is Andrea passionate about outside of real estate?
32:50 How can you get in touch with Andrea?
Quotables
“Every step of the way it’s not that I didn’t make the same mistake more than once and make it more than twice, but I never make it as hard as I did the first time.”
“You can read a book on how to do a rehab, on how to buy and hold, on how to do a wholesale – what it doesn’t tell you is the millions of things that can go wrong, that don’t work the way you think it’s gonna work.”
“You have to look long-term. You have to have a different thought. You can’t look at today.”
Links
Phone: Andrea Lane
(732) 735 - 9076
Website: Coast 2 Coast Turnkey
https://www.coast2coastturnkey.com
Website: RCN Capital
https://www.rcncapital.com/podcast
Instagram: RCN Capital
https://www.instagram.com/rcn_capital/
Website: REI INK
Email: RCN Capital