36. 5 Skills You Need to Know Before Real Estate Investing for Beginners

Send us Fan MailWhat skills do you actually need to become a real estate investor?In this episode of Real Estate Chisme, Violeta and Lindsay break down the essential skills every aspiring real estate investor should focus on before buying their first rental property. From choosing an investment strategy and understanding cash flow to building a reliable team and managing fear-driven decisions, they share practical lessons they've learned throughout their own investing journeys.Lindsay explains why real estate investing starts with clarity and strategy, helping listeners understand the different paths available, including house hacking, long-term rentals, short-term rentals, multifamily properties, and out-of-state investing. She discusses the importance of defining your goals, understanding your risk tolerance, and creating a plan that aligns with your lifestyle and financial objectives.Meanwhile, Violeta shares real-world examples from her latest rental property rehab, including uncovering termite damage during renovations, managing unexpected expenses, and learning how to make confident decisions without letting fear take over. She discusses the mindset shifts that helped her navigate financial anxiety, perfectionism, and the realities of owning and improving investment properties.Together, they emphasize that successful real estate investing isn't about knowing everything before you start—it's about developing the right skills over time, asking good questions, and taking action despite uncertainty.They also discuss:• Choosing the right real estate investment strategy for your goals • Understanding cash flow, expenses, vacancies, repairs, and CapEx • How to analyze rental property deals without being a math expert • Building a team of lenders, agents, inspectors, contractors, and property managers • Asking better questions during inspections and due diligence • The importance of understanding your "why" before investing • Managing fear, financial anxiety, and decision-making as a new investor • Handling unexpected renovation surprises and property issues • Creating must-have vs. nice-to-have repair lists • Why no deal is better than a bad deal • Learning to balance risk, opportunity, and long-term wealth building • Developing the confidence to take action as a beginner investorThis episode is a practical guide for aspiring investors who want to get started in real estate but feel overwhelmed by everything they think they need to know. Violeta and Lindsay remind listeners that you don't need to be an expert to begin—you simply need to be teachable, willing to learn, and ready to take the next step.Tune in for an encouraging conversation packed with beginner-friendly investing advice, mindset shifts, and actionable lessons to help you build wealth through real estate with confidence.Support the showJoin my Latina Real Estate Investors Community (FREE)https://www.skool.com/real-estate-jefas-9075/aboutGet my FREE Real Estate Investing Starter Kit https://moneychisme.kit.com/rei-starter-kitProperty Management made easy with RentRedihttps://app.rentredi.com/signUp/AOK400?utm_medium=copylink&utm_campaign=referralShareManage Your Funds with BASELANE Bankinghttps://invite.baselane.com/Violeta84614Follow us on Social Mediahttps://www.instagram.com/money_chisme/https://www.instagram.com/lindoesinvesting/Disclaimer:We are not financial advisors. The information contained in this video is for entertainment purposes only. Please consult a licensed professional before making any financial decisions. Affiliate links: I may earn a small commission when you click on the links at no additional cost to you. This helps me provide you with free content, like this podcast! You can read my full disclaimer here: ...