Glennda Baker

Should You Still Be Investing in Real Estate? They Don't Want You to Know This About Buying A House

"Stop looking for somebody else to please you. Stop looking for somebody else to complete you. And stop looking for somebody else to give you a life that you can make yourself."

In this episode of The School of Greatness, Lewis sits down with Glennda Baker, a seasoned real estate expert with over 30 years of experience. They dive deep into the intricacies of real estate investment, focusing on how to create generational wealth through strategic property purchases. Glennda emphasizes the importance of buying property as soon as possible, even with minimal down payments, to avoid being sidelined by large institutional buyers. She shares invaluable advice on avoiding ego-driven purchases, the pitfalls of HOAs, and the significance of patience in wealth building. Glennda also discusses the critical soft skills needed in real estate, such as patience, and warns against being swayed by vanity. She opens up about her personal experiences, including past mistakes and the lessons learned from them, providing listeners with a candid and inspiring look at achieving financial freedom.

"Be patient and don't get caught up in your ego. Don't think about, 'Oh, I've got to have the most beautiful house.' You want the ugliest, nastiest house. Buy Grandma's house because it has integrity." @Glennda Baker

And now let’s jump into episode 1651 of The School of Greatness!

"Don't buy based on your ego. Buy based on what is the least expensive in the most expensive neighborhood. What you want to do is you want to buy, you want to get in at the least expensive. That way you have more room for equity." @Glennda Baker

Some Questions I Ask:

“What would you say are the three most important skills when it comes to building generational wealth that you’ve learned in the last 30 plus years?”
“Why do you think so many people psychologically want the shiny thing now versus the generational wealth later?”
“What wisdom can you share to someone today on whichever route they want to take on how to emotionally and mentally overcome the obstacles that may come their way?”
“What would you say are five things people should look for when finding a great deal or an investment in real estate?”
“What would you say are the three biggest lessons you learned about yourself and how to better yourself going through marriage and divorce three different times?”
“When did you really learn about how to manifest in your life? Was there a time or a season or a decade where you started to think a certain way when it came to either attracting the right clientele as a realtor or the right homes that you wanted to buy and invest in?”
“What do you wish you would have done differently around either the questions to ask, the infrastructure of how money is used and shared, or with each marriage that you’ve been in?”
“What advice would you give to someone in their twenties and thirties who are making between 70 and 120,000 a year, if they wanted to go all in on real estate for the next 30 years?”
“What do you think is going to be happening over the next few years in the housing market, especially with an election season coming up?”
“If you could give advice to someone who’s been stacking cash and is ready to get into real estate but doesn’t want to live in it with a roommate, what would you suggest they do with their savings?”

In this episode, you will learn:

How to strategically invest in real estate to build generational wealth.
The importance of avoiding ego-driven purchases and focusing on practical investments.
Why buying a property, even with minimal down payment, is crucial in today’s market.
Key soft skills for real estate success, including patience and avoiding distractions.
Glennda’s personal experiences and lessons learned in the real estate industry.
Plus much more…

Show Notes:

Summit tickets are ON SALE FOR 20% OFF!!! Get them before they sell out at lewishowes.com/tickets. Sale ends Thursday night, 8/8/2024 at midnight.

Connect with

Glennda Baker

Transcript of this Episode

Music Credits:

MUSIC CREDIT

Kaibu by Killercats

New book from NYT bestselling author Lewis Howes is now available!

New book from NYT bestselling author Lewis Howes is now available!

Summit of Greatness 2024 | September 13-14 | Los Angeles, CA

Glennda Baker

Should You Still Be Investing in Real Estate? They Don't Want You to Know This About Buying A House

"Stop looking for somebody else to please you. Stop looking for somebody else to complete you. And stop looking for somebody else to give you a life that you can make yourself."

"Be patient and don't get caught up in your ego. Don't think about, 'Oh, I've got to have the most beautiful house.' You want the ugliest, nastiest house. Buy Grandma's house because it has integrity." @Glennda Baker