Start Building Wealth With These 3 Real Estate Investing Resources

BY: - 20 Sep '17 | Money

Share this article!


Here’s a simple truth. It’s almost impossible to become financially independent working a 9 to 5. As Robert Kiyosaki points out in his book Rich Dad, Poor Dad, the disadvantages of being an employee are just too numerous. Taxes, for one, crush your wealth building ability. Worse yet, you’re not guaranteed job security. And if you don’t work (get sick, injured, laid off, etc), there is a good possibility you don’t get paid.

That’s why I constantly stress the wealth formula:

Income – Expenses = Capital (seed money) left over to create wealth building assets.

Save money from your 9 to 5 to invest in or create wealth building assets. Great wealth building assets include stocks, bonds, and your own side-hustle/business, all of which I’ll touch on in upcoming posts.

Click Here to Download a FREE Copy of the BMWK Generational Wealth Pledge for Black Families!

But one of my favorite wealth building assets is real estate, specifically rental real estate. The advantages are incredible.

  • You create immediate cashflow when you pocket the difference between the rent and your expenses (mortgage,maintenance,taxes, insurance, etc).
  • Your renter pays down your mortgage.
  • You earn tax benefits that put more money in your pocket.
  • Your rental property appreciates.

If you hate finding and managing tenants and property there are even property management companies that will do that for you.

But I sense your doubt. Perhaps you’re thinking:

“I don’t know anything about real estate.”
“I don’t have enough money to invest in real estate.”
“I have a full time job. Where am I going to find the time for real estate?”
“Real estate investing is just not for people like me.”

If this is you, consider the case of J. Massey. Massey was homeless with a credit score below 400. But through real estate he become a millionaire who now owns over 300 rental properties. I implore you to listen to his story at His and Hers Money, then check out his website at Cash Flow Diary.

His story is not unique. There are thousands of people who started off as teachers, firefighters, or college students and created financial success through real estate. You must be able to work hard and have the right knowledge. Plunge into real estate investing without doing your homework and you’re jumping out of a plane without a parachute.

So how do you get the knowledge you need to succeed?

For me, it came from This is one of the largest real estate investing communities on the internet. They won’t sugar coat the challenges of real estate investing. Instead, you’ll learn the techniques for earning true wealth through owning real estate. You’ll also be able to interact with over 850,000 members of the BiggerPockets community through online forums.

The biggest benefits I’ve gotten from BiggerPockets have been through the following three resources that can also help you get started in real estate investing.

Resource #1 – The Ultimate Beginner’s Guide to Real Estate Investing

The free BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing. This guide walks you through the steps needed to master real estate investing.

Resource #2 – Bigger Pockets Podcast

The BiggerPockets podcast: Each week the BiggerPockets crew interviews someone who has become successful in real estate so that you can learn through their successes and failures.

Resource #3 – Bigger Pockets Book on Rental Property Investing

The BiggerPockets Book on Rental Property Investing. Unlike the Beginners Guide and weekly podcasts, this is not a free resource but can be purchased on Amazon or the Bigger Pockets website. I’ve found it to be one of the best and most comprehensive books on real estate investing. It’s well worth the price but you might also be able to find it at your local library.

Now, if BiggerPockets is not enough of a real estate education for you, I suggest you walk over to Life, Liberty and Property where John and Richelle can provide you with additional nuggets of wisdom for your real estate journey.

I understand that real estate investing may not be your cup of tea, but if you are even a little bit interested, I suggest you check these resources out. They just might change your financial life.

BMWK, are you ready to take the leap into real estate investing?

About the author

Alonzo Peters wrote 298 articles on this blog.

Alonzo Peters is founder of, a personal finance website dedicated to helping Black America achieve financial independence.


like what you're reading?

Start Shopping!


Facebook Wordpress

Leave a Reply

Money Articles Delivered To Your Inbox Daily! Sign up below!

How to Overcome These 4 Wealth Building Roadblocks

BY: - 27 Sep '17 | Money

Share this article!


The successful understand that true financial freedom is achieved by building or accumulating money producing assets. These assets include:

  • Investment real estate
  • Stocks and bonds
  • Intellectual property that you’ve created
  • Your side hustles
  • Your small business
  • A franchise business

Ask any millionaire and they’ve likely built their wealth utilizing one or more of these assets. If this is such a tried and true path to wealth, how come most of us haven’t taken it?

1. We’re stuck in comfort zones of misery. 

Who among us has not remained in a bad situation we knew we should have gotten out of, but didn’t. Maybe it was a job that made you absolutely miserable or an abusive or unfulfilling relationship. While the situation might have been terrible, the pain was not severe enough for you to make a change, so you went on with your situation comfortably miserable.

That’s often the way our financial lives work. We hate not feeling secure, worry about the future, or feel that there is never enough, but too often we’ve become comfortable with our financial discontent. The pain is not sufficient enough to make the necessary changes. Instead, we complain loudly but do nothing.

To help break the pattern, focus on your “why.” Why is financial freedom important to you? Perhaps you desire a stable financial future for your children. Maybe you’d like to be in a position to give freely to your Church or favorite organization. Whatever it is, your “why” will provide you with the driving incentive to improve your financial situation.

2. We don’t believe we can do it.

“If you think you can do it, or you think you can’t do it, You are right.” – Henry Ford

Real estate investor. That’s what other people do.
Entrepreneur. Not me.
Investing in stocks. That’s a sucker’s bet.

These are beliefs many of us subconsciously absorbed growing up. Entrepreneurship, real estate investing or purchasing mutual funds were things other people did. Instead, we were told that if we studied or worked hard we’d eventually land a well-paying job, our ticket to financial freedom.

As a result, it’s hard for us to see ourselves doing anything other than our 9 to 5. Change your mindset, however, and you’ll change the size of your bank account.  Whatever you believe, you achieve. Believe you’re capable of starting your own business or investing in real estate and you’ll accomplish it.

If you’re having trouble changing your mindset, start hanging around people who are doing what you’d like to do. Join forums, online meet-ups or real world clubs and organizations. Even consider befriending possible mentors in your area of interest. Find a local real estate investor who might be willing to take you underneath their wing or local entrepreneur who might be willing to explain their business to you.

3. We’re afraid to take risks.

You’d like to step out of your comfort zone, take the leap and create money producing assets that’ll power you toward real financial freedom, but you’re afraid. It’s natural to feel this way. What if I start my side hustle and fail? What if the stock market crashes?

Unfortunately, if you never take risks you’ll never reap the rewards. Even doing nothing is a risk in and of itself. But here is the reassuring thing; risk can be diminished with knowledge. The more you know about your endeavor the less risky it will be.

If you, for instance, understand that low-cost index funds are one of the safest and best returning investments over the long haul, you’ll be less likely to chase the “latest and greatest” stock idea. If you understand the importance of cash flow when evaluating rental property you’ll avoid bad deals and secure a profitable income producing property.

Your success is dependent on the education you give yourself. Are you willing to read ten or more books on real estate investing? Are you willing to listen to investing podcasts during your commute to work? Would you even be willing to take a class or two on starting your own business at the local community college? Those that invest in their self-education reduce their risks and reap the financial rewards.

4. We tell ourselves we don’t have the time.

It’s easy to convince yourself that you don’t have time to pursue money producing assets. Between work, family and everything else in life, it seems like we hardly have time to breath. But consider that, according to Nielsens, the average American spends more than five hours a day watching television. That’s more than 77 days per year.

It’s simply a matter of choice. We have the time. It’s how we use it that counts. Building your side-hustle, learning to invest in mutual funds, or starting your real-estate investing career will bring far greater dividends than watching Empire or wasting time on Facebook.

Reaching beyond your comfort zone to achieve financial success is never easy. But, as financial guru Dave Ramsey suggests, if you’re willing to live today like no one else, you’ll have the financial ability to live tomorrow like no one else. The choice is yours.

BMWK, Are you ready to overcome your wealth building roadblocks?

About the author

Alonzo Peters wrote 298 articles on this blog.

Alonzo Peters is founder of, a personal finance website dedicated to helping Black America achieve financial independence.


like what you're reading?

Start Shopping!


Facebook Wordpress