21. You're Failing at Real Estate Because You Learned the Wrong Lesson

Work with Jimmy & the Vreeland Capital Team to build a 20-Unit Portfolio that will get you the equivalent of a retirement account 3X faster with a third of the capital. Visit https://tinyurl.com/mainstreetpatriot-getstarted - - - - - - - Summary In this episode, Jimmy and Jake discuss the concept of 'resulting' in investment decisions, emphasizing that a good outcome does not necessarily indicate a good decision-making process. He shares personal anecdotes from his real estate experiences, highlighting the importance of having a structured buying criteria and a long-term investment plan. The conversation also touches on the pitfalls of chasing short-term results and the necessity of discipline in building wealth over time. takeaways Resulting means judging decisions based on outcomes rather than the decision-making process. Good results can come from poor decisions, and vice versa. Having a structured buying criteria is essential for successful investing. Investors should focus on long-term planning rather than short-term gains. Real estate investments require patience, as time can resolve many issues. Chasing trends can lead to poor investment choices. A solid investment plan helps mitigate risks and improve decision-making. Investors need to learn from their mistakes to refine their strategies. Passive investors must have a clear plan to succeed in the market. Luck is often a result of being prepared for opportunities. Chapters 00:00 Understanding Resulting in Investment Decisions 03:29 Lessons from Real Estate Mistakes 06:55 The Role of Passive Investors 10:07 The Importance of a Buying Criteria 14:49 Long-Term Planning vs. Short-Term Results About Jimmy Vreeland Jimmy graduated from the United States Military Academy at West Point, spent 5 years as an Army Ranger, and deployed three times twice to Iraq and once to Afghanistan. On his last deployment, he read Rich Dad Poor Dad by Robert Kiyosaki which led him down the path of real estate investing. As his own portfolio grew, eventually he started a real estate investing business.  Since 2018 his team at Vreeland Capital has supplied over 100 houses a year to high performing, passive investors who want to work with his team and his team is now managing over 800 houses. Get in touch with Jimmy and his team at www.jimmyvreeland.com/getstartedinrealestate More about Jimmy Website: www.jimmyvreeland.com Linkedin: www.linkedin.com/in/jimmy-vreeland Instagram: www.instagram.com/jimmyvreeland Facebook: www.facebook.com/JimmyVreeland Youtube: www.youtube.com/@JimmyVreelandC >>>>>>Get free access to the private Ranger Real Estate facebook group<<<<<< RATE & REVIEW this episode on Apple and Spotify. SHARE this episode with someone. SUBSCRIBE so you don’t miss out on any new episodes!