Real Estate Investing Beginner: 7 Lessons Steve Jobs Can Teach You

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7 Lessons A Real Estate Investing Beginner Can Learn From Steve Jobs

As a real estate investing beginner, you want to quickly learn the tricks of the trade and see a return on every investment that you make.

real estate investing beginnerI recently took the time and read Walter Isaacson’s book, “Steve Jobs”. Despite his incredible success, I came to learn in his book, that Steve Jobs was a distinctive and deeply flawed human being just like many of us. He made several mistakes including alienating his own daughter. But sometimes we all prefer to think of our heroes as just that, heroes; we hardly ever want to probe further into their personal lives because there’s a high chance that we would find something we don’t like and they would stop being our heroes.

That aside, I realized that after reading the book I also came away from it having learned anyone can be great including any beginner thinking of venturing into real estate. So here are 7 lessons that Steve Jobs can teach a real estate investing beginner.

7 Lessons Steve Jobs Can Teach A Real Estate Investing Beginner

1. Self-confidence

Jobs hardly ever did what every other guy was expected to do. He had odd personal habits, he drove around without a license plate, parked in handicapped zones and a few other things. But in everything that he did, he had tones of confidence and was very optimistic.

The first time is always the hardest and as a real estate investing beginner, you have to be optimistic and have self-confidence. This will help you overcome any fear that you have. Don’t be afraid to try new investment strategies or make your first real purchase.

2. When You Fall, Get Up And try Again

Jobs was fired by the guy he picked to run his company. It was one of the most humiliating and one of the most public firings in corporate history. Did Jobs wallow in self-pity? Yes, he did but only for a short while. He got up, licked his wounds and started his own company, which was later bought by the successor of the person that fired him.

What can you learn from this? In real estate, you are bound to lose some and win some. In your first few deals you may lose a few thousands but provided it didn’t bankrupt you, you can still try again and succeed. Learn from your mistakes and make the best of them.

3. Marry Art And Functionality

All the features you see on your iPhone have one thing in common; they all bear Jobs’ thumbprint. He studied them and analyzed them for weeks and even months before they were ever introduced by Apple. His innovations and everlasting products will affect generations to come.

Every day, you are always reading about real estate investing tips for beginners because you are trying to make it into the industry but it’s going to take more than this for you to realize any success. It is up to you to take these tips and put your own thumbprint on them. Discover new ways to rehab a house or to source for funds for your next house flipping project.

4. Follow Your Gut Feeling

Jobs clearly lived his life with very few regrets because he always listened to his inner voice and followed his gut. He planned to change the world and he did it through computers.

As a real estate investing beginner, you will probably have no inner voice and even if you do, it would probably be telling you not to do something. However, as you gain experience, a different voice begins to speak to you. You should follow this voice even if it’s telling you to quit your 9-5 job and get into full time real estate investing.

5. Expect More From Others And From Yourself

Jobs was a perfectionist and he expected the same from everyone around him. He yelled, threw tantrums and berated people. Of course, the way he handled situations was far from pleasant but he did get things done because he pushed people to places where they didn’t think they could reach.

As you start your real estate investing career, you should expect more from yourself and the people you work with. Jobs did his thing his own way so you should do yours your own way.

6. Surround Yourself With Great Talent

Jobs did what any successful entrepreneur does; he surrounded himself with people who had brilliant minds. They helped him create what Apple is today.

In real estate investing, you have to surround yourself with people who know more than you do. These people include lawyers, general contractors, real estate agents, etc.

7. Strive To Improve, Grow And Have Fun

If you plan to become a full time real estate investor, there’s absolutely no reason why you shouldn’t have fun in your job. Always look for ways to improve on your business or how you can grow it into a multimillion dollar business. Nothing comes easy.

Even though you may not invent the next best thing after Apple, you may very well be the next real estate mogul. Anything is possible if you follow the lessons laid out above.

What do you think? I’d love to hear if you think Steve Jobs’ philosophy can work for you.

by Mike LaCava

I'm a full time house flipper who isn't afraid to share information and help upcoming investors. If you have a question just ask. I am happy to help!

  1. That’s an inspirational speech, i think if someone had the interest in real estate they should definitely follow those rules and they will most likely be successful.

    Reply
    1. I agree!

      Do you integrate any of these rules/lessons into your own business?

      Reply
  2. Hey Mike,

    First of all thanks for the information provided by your website!

    I am a 19 year old (from the UK) looking into the prospect of property development. I run a very successful e-commerce retail business and am now looking what to do with the cash I’ve earned.

    Property development (or “flipping” as you Americans seem to like calling it 🙂 ) interests me thoroughly as I’m a stickler for perfection…. And money! Flipping what seems to be a downbeat house into a contemporary living house whilst making excellent money seems my thing.

    My question to you is that; as I’ve found in my industry, companies think I’m wet behind my ears because of my young age. So how do I know I’m not being ripped off by contractors and agents with regards to time frames and costs?

    And what are the biggest property investments that improve the property value the most?
    (From what I’ve seen on tv and online has mostly been double glazing windows (if required) and marble topped kitchens)

    Many thanks and keep up the good work on your site!

    Jamie

    Reply
    1. Hey Jamie,

      I can tell that you are motivated, which is half the battle. Taking action is the #1 most important step in this business.

      Flipping can be lucrative, but it takes work. In this industry you don’t “get rich quick” and it is possible to lose money if you aren’t sure of what you are doing.

      However, I think you’re off to a great start, and if you surround yourself with great people, and build a trustworthy and reliable team, then you won’t have to worry too much about people ripping you off.

      There’s many ways to increase the property value of a home, and you hit on a couple of them. Simply staging the home with some nice furniture before showing it to a potential buyer is also a great idea.

      What’s your e-commerce business like?

      Reply
  3. Hey Mike,

    Thanks for your response!

    My ecommerce website deals in the trade of virtual coins, a bit like BitCoins if you’ve heard of them 🙂

    With regards to building a team and surrounding myself with good people, do you recommend finding those who have been highly recommended by others? How do you find these kind of people as I’m not aware of any property development group meetings like you have in America.

    And do you tend to ask for a second opinion on GC quotes and after refurbishment valuations?

    I fear building a team and always using the same people on each job can cause their price per job to be not so competitive with the general market as they now know they have your loyalty?

    I appreciate your advice as always!

    Jamie

    Reply

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