New Book by Spencer Chambers Explains Why Dating is Just Like Investing in Real Estate
NEWPORT BEACH, Calif., Feb. 1, 2018 /PRNewswire/ -- In his new book, Dating Your Investments, author and real estate expert Spencer Chambers explains how the common experience of dating and relationships conveys into understanding real estate investing. This raw and honest take gives would-be investors a familiar context to grasp real estate investing so they can seriously consider adding it to their portfolios of investments.
Chambers says, "If you can date, you can invest in real estate."
That's why in his book, Dating Your Investments, Chambers goes into detail, giving readers a lighthearted but thorough comparison of the similarities between dating and investing in real estate. It takes the different aspects of dating, from meeting new people to growing a family, and explains how these concepts can be easily applied to real estate investing, making this lucrative form of investing accessible to all.
Here's a small taste of what readers can expect in Chambers' book:
It all starts with reverse engineering life. Whether it be investing or dating, the goal must be decided first, then the process worked backwards from there. The process begins with what Chambers calls "the point of attraction", which is the moment a person first discovers an attraction to someone or something. In dating, the point of attraction takes the form of noticing an attractive person for the first time. With investing, the point of attraction is when a person realizes he can change his life through investing. This first thought is then followed by action.
Chambers calls the first actionable step "the process of exploration". This is when research happens. In the realm of relationships, researching means getting to know another person better by talking to them and spending time with them. Exploring compatibility allows a couple to determine what kind of relationship they want, if they want one at all.
Exploration in the world of real estate involves researching properties to determine compatibility. Compatibility in this sense means a potential investor must determine if he can afford a property and whether the property will work as a short-term or long-term investment. Once the end goal is determined, it's time to bring in a matchmaker, or a real estate broker, in terms of investment.
Chambers encourages investors to play the field when it comes to dating their investments. Much like there are different types of dating, there are also different types of real estate investment. Flipping a house, which is a short-term investment of about a year or so, can be compared to a romantic weekend or summer fling. On the other hand, investing in long-term rentals, such as apartment buildings, is much like marriage or another stable, long-term relationship.
When it comes to investments, playing the field involves diversifying and getting involved with many different types of investments. In addition to short-term investments, like wholesale deals, and long-term investments, such as residential housing portfolios, Chambers encourages investors to be a bit spontaneous. Like meeting someone in the line at Starbucks and striking up a conversation, referral investments are often unexpected, but they're worth adding to an investment plan. Diversifying and trying new things leads to success—in dating and investing.
The book, Dating Your Investments, is available on Amazon starting February 14, 2018. Pre-orders are being taken now.
About the Author
Spencer Chambers grew up learning about the real estate business from his parents, who operated several companies through which they built and sold a variety of properties. Chambers began helping out with his parents' business at a young age, and he has continued to learn more about the world of real estate through his various business ventures as an adult.
Chambers' current business, The Chambers Organization, operates three separate divisions: construction management, property sales brokerage, and a financial education program.
As he has gained experience in the industry, Chambers has discovered a lot of parallels between real estate investment and dating. He has come to believe that if you can date, you can invest. Dating is often complicated, yet everyday people manage to be successful in it all the time. By applying those same principles to the world of real estate investment, Chambers shows everyday people that successful investing is possible for everyone, no matter their age or experience.
Chambers can be reached at [email protected], @ceochambers on social media, or at SpencerChambers.com, where he offers investment advice and products for people of all walks of life.
Spencer Chambers
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SOURCE The Chambers Organization
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