Is Real Estate Investing for You?

Jan 10, 2017 | News

Is Real Estate Investing for You?

Businessman T. Harv Eker, known for his theories on wealth management, describes a triangle with three important financial foundations – RK, RV, RY.

The three acronyms stand for “Right Knowledge,” “Right Vehicle,” and “Right You.”

The basic premise of the triangle is that to be successful, a person must possess the financial education (knowledge), an appropriate system to earn a profit (vehicle), and an accurate assessment of their strengths and weaknesses (you).

The RK, RV, RY triangle points out that investors must have the right information, be able to capitalize on opportunities, and “know thyself.”

Applying the RK, RV, RY Triangle

Alpha attempts to use these same principles when we assist our clients.

Using the Right Knowledge

Whether you learn to invest on your own or build a team of professionals around you, having the right financial education is paramount.

There is no such thing as wasted knowledge, so get out there and learn all that you can!

A great place to start is with books, such as “Rich Dad Poor Dad” by Robert Kiyosaki or through online forums

Article: The Top 20 Real Estate Investing Blogs

However, the best resource is most likely an experienced counselor who can show you the ropes.

Accessing the Right Vehicle

Here at Alpha, we believe real estate investments are one of the most exciting and rewarding ways to invest.

Real estate investing has many perks:

  • It is the only investment that banks will lend money on. Try that with stocks or bonds!
  • Investment property is the only vehicle that has insurance in case the value disappears from things like fire, theft, or a natural disaster.
  • Real estate is a tangible commodity that is needed in every market. Real estate can rise in market value, forced appreciation, as well as provide a healthy return on investment (cash flow) if managed properly.

Resource: Learn even more about financing on the BiggerPockets Blog

So yeah, we think rental real estate is a great investment vehicle. We could talk all day about real estate (and already do), but—more importantly—we want to make sure that real estate investments is the right vehicle for you.

Understanding the Right You

At Alpha, we want to work with you, because—no matter the investment value—the mindset of the investor is key.

We can help you to find, assess, acquire and place tenants for your new property. But to begin, we simply want to meet you – drop us a line at info@alphapropertysc.com to make an introduction, we would love to see how our team can best assist you!

We don’t recommend borrowing someone else’s “perfect” real estate strategy. Instead, by working together, we can develop an investment strategy that best suits you and your goals.

Article: Is Your Mindset the Key to Rental Property Investing Success? – Cash Flow Diaries

Conclusion

Applying the RK, RV, RY triangle is simple once you have the three bases covered.

Investing takes time, preparation, planning and patience. This is why we work to set our clients up for success by using the Right Knowledge, Right Vehicle and understanding the Right You.

In the end, our primary objective is to understand where you are now, where you want to be in the future, and how our abilities can help you achieve your goals moving forward.

We would love to hear from you!

So, have you ever heard of the RK, RV, RY triangle before?
Which corner of the triangle do you think is most important?
Can this investment theory relate to other areas of life?

Feel free to comment below!

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