Bill Lublin, CEO of Century 21 Advantage Gold, kicked off this Inman Connect Las Vegas session with an old adage: “You sell real estate to make a living, but you buy real estate to build wealth.”
But how can an agent go from selling houses to buying houses as investments? Raj Bhaskar, CEO of Hurdlr and an investor in Washington, D.C., real estate, and Realtor Kristin Smith of Dave Perry Miller Real Estate in Dallas discussed what this transition looks like and why an agent should consider this strategy to build wealth for themselves.
“First, you have to nail your business that you’re running, even if you’re a business of one” Bhaskar said. He added, “You have to be able to ensure that you’re running a profitable business to invest in the future. That has to be intentional. It’s not just going to happen.”
Watch the full video above on Inman Select to hear advice from Bhaskar and Smith on how to analyze your current business and put it on a wealth-building path.
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