13 Jan The Wisdom Of Real Estate Investing
Proverbs 24:3-4 (ESV) “By wisdom a house is built, and by understanding it is established; by knowledge the rooms are filled with all precious and pleasant riches.” The book of James tells us that every good gift comes from above. Well, the ability to create wealth and bless others is certainly a gift. It is my belief that God has established systems in the earth for creating wealth, and my favorite is the wisdom of real estate investing.
“By wisdom a house is built”
God gives wisdom and revelation for the wealth-building methods that are best for each individual. Psalm 127:1 (ESV) says: “Unless the Lord builds the house, those who build it labor in vain.”
I remember the exact moment when the lightbulb went off in my head. In my younger years, I was the head of an organization that hosted a major conference. By major, I mean that there were several private jets on the runway! When the conference was over, two of the guys who flew on their own planes joined me in the Colorado hot springs for some rest and relaxation. As we stood in the hot water, one of the men said something that alarmed me greatly.
“Billy, if I didn’t have my job, I’d be broke in 90 days. I would literally be out on the street.” I was shocked because this man– a man who flew in on his company’s private jet– was someone I aspired to be like professionally. I realized that people needed a better way to sustain wealth for themselves and others— including me. Shortly after that, I dove deeper into real estate investing.
If you’re reading this, chances are that you are seeking God’s wisdom on how to metaphorically build a house (or houses) through real estate investing. God is no respecter of persons. What He does for someone, He’ll do for another. If He can do it for Becky and me, He can do it for you!
“And by understanding it is established;”
Understanding comes by doing. You must get in the game of real estate and apply these teachings if you want to acquire understanding. Waiting too long to invest is one of the biggest mistakes I see people make in real estate investing. If you start sooner rather than later, you are able to increase your wealth even more because you will gain more assets, get the benefit of income, as well as the growth and appreciation of those assets. The Rule of 72 states that at 20 percent interest, your money would double every five years. So, the sooner you get involved, the better—the longer you hold your assets, the more your net worth and income stream can grow.
‘Established’ is defined as achieving permanent acceptance or recognition. Properties aren’t just buildings anymore— they are established. Whether you live in them, you share them with loved ones, or you rent them out, they can be vessels for sharing the love of God through growing fellowship and finances.
“By knowledge the rooms are filled with all precious and pleasant riches.”
That’s a nice image, isn’t it? Rooms full of decor, color, and value. The continual pursuit of knowledge is the KEY to sustainable wealth. Proverbs 15:22 (NKJV) says “Without counsel, plans go awry, but in the multitude of counselors they are established.” You must ask questions and build connections!
A big mistake I see newcomers make is not obtaining a professional opinion on everything— especially property values. When you receive information, name sure that you verify and get everything in writing. If it’s not in writing, it doesn’t count.
Another way to gain knowledge is through investing in the resources on our site, as well as pre-ordering my new book ‘Strategic Real Estate Investing’ (on sale for a limited time). You can do so HERE. And, be on the lookout for information on our Real Estate Investment Workshop coming in March!