Real Estate Investor Magazine South Africa December - January 2014 | Page 12

MASTER INVESTOR
requires a long-term view and perseverance: it
is a marathon, not a sprint.
W hen Hulet f irst started look ing into
propert y investment after being inspired
by Rich Dad, Poor Dad, he thought he was
the only person in Memphis interested in
real estate investing. But he followed Robert
Kiyosaki’s advice to ‘be around people that
you want to be like’, ie if you want to be a
millionaire, hang out with millionaires,
otherwise you most likely will never be one!
It was only when Hulet attended his f irst
property investment meeting and saw more
than 300 like-minded people who wanted to
invest in real estate, that his world started to
change.
Hulet built his businesses with a great team of
people that has put together a turnkey investment
opportunity in the Memphis market. “Real estate
investing is a team sport, not an individual sport,”
says Hulet. “The right team is a huge part of an
investor’s success and contributes to building
wealth for other investors in real estate investing.”

Hulet’s first goal was to buy enough real estate to
replace his $130 000 corporate salary, which took
him six months. After leaving his corporate job,
he found other investors willing to pay him to find
great deals on suitable properties and to oversee
the ongoing management. He was already doing
this for himself and was able to develop business
lines to help other investors.
Hulet has some sage advice for first-time
investors. “Like there are two certainties in life
- death and taxes; there are two certainties in
owning real estate - vacancies and maintenance.
The key is having a portfolio to spread this risk.”
Hulet says that he made mistakes, but see these
as his biggest property lessons and invaluable
experience he can now share with others: “I could
tell some horror stories of failing simply because I
did not to adhere to my principles. That cost me a
lot of money! Although there are more than 300
ways to make money in real estate, I implement
six, because it is important to stick with what I am
successful at.”

RESOURCES

HULET’S 10 SUCCESS TIPS FOR
INVESTING IN PROPERTY
Change your mindset: if you own
1 investment property, you own a business
- and you must manage it like a business.

2

Understand the numbers: $0.00 + $0.00=
$0.00!

3

Surround yourself with successful real
estate investors as mentors.

4

Develop a knowledgeable team.

5

Build “money” relationships whether with
a bank or an investor with cash.

6

If you don’t manage your properties
yourself, make sure you manage the
property management company.

7

Write your 1, 5 and 10-year goals down
NOW! A goal not written down is a dream.
Stop dreaming! Take action!

8

Do your due diligence while avoiding
analysis paralysis.

9

Avoid the naysayers.

10

Never, ever quit!

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Toyah Gawne [phone]