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6 Fresh Real Estate Education Tips from Warren Buffett

What’s Warren Buffett bullish on now?

What real estate education advice can be gained from Warren Buffett’s recent interview and press interactions?

Prior to this year’s annual Berkshire Hathaway meeting, Warren has delivered a wealth of lessons to investors. Real estate education is the key to success. Here are six important takeaways to consider:

1. Forget Precious Metals

Buffett cut straight through the hype, calling gold and silver extremely overvalued and highlighting the advantages of investments that offer more value and room for growth. We all know that the ‘Oracle of Omaha’ is extremely bullish on real estate education right now.

2. The Outlook is Great

Warren dismissed concerns about the greater economy and Euro crisis, telling investors to focus on five to 10 year outlooks for their own businesses. In other words, it all comes down to individual opportunities. Successful business practices will serve the greater good of the economy.

3. It’s About Building Businesses

Buffett’s success is directly associated with his principals of building businesses. This is something that many real estate education programs fail to deliver and investors often overlook. While flipping houses and aspirations of high volume transactions are great, failure to look at the bigger picture will prevent you from reaching your full potential. You’ll miss out on massive opportunities for building millions in brand equity.

4. Embrace Social Media

Warren finally joined Twitter. If he can do it at his ripe age, and deems it a smart move, no real estate investor has an excuse not to. Embracing social media has limitless potential and will help you realize yours.

5. Have an Exit Strategy

Announcing that a successor has been identified, Buffett teaches all real estate investors that having a clearly designed exit strategy is both smart and essential. This applies, not only to each property you invest in, but succession for your business empire and an estate plan. This is a smart strategy for any real estate investor.

6. Stop Holding Yourself Back

Warren’s recent engagement on women in the workplace, and prediction that they will increasingly dominate the higher ranks of the business world, shouldn’t be ignored. Perhaps more importantly, his comments hone in on how no one should allow their own limiting beliefs to hold them back from reaching the top.

 

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