Live Q&A - Buying at Auctions, Mail Houses, Picking a Property Management Company, and Selecting a Target Market
Manage episode 326861977 series 2570043
Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Facebook Live Question and Answer sessions. I just started doing these live forums in April and they are going so well and I am getting such great feedback and questions, I thought I would share them here on the podcast. Especially for those people that are unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more! Some of the questions have been very real estate specific, but others have been general business questions, like asking about overcoming fear in order to get started and how to successfully scale. I have also received more personal questions like how I decided real estate investing was right for me and the steps I took to get my business off the ground.
This presentation is the live Q&A that I did the week of April 13th and each Thursday we will offer you another chance to take advantage of listening to the answers to our guests’ fabulous and compelling questions! Don’t miss this new episode of the Just Start Real Estate Podcast!
“For a house flipper, you want there to be 250,000+ households in your market.”
“Do you hunt where there are 10 deer or 1000 deer?”
“When you are looking for markets, you need to straddle the line between small enough that it is not overly competitive but still big enough that it has plenty of deals and buyers.”
“If I were looking to break into a new market right now, it would be a secondary market.”
“Do not print out your marketing letters and send them yourself.”
“How do you build your business so that you are not doing activities that you could literally pay someone $5 an hour to do?”
“I recommend postcards for marketing.”
“By doing that, you are making a living by undercutting another investor. I don’t love it.”
“The worst thing about being a contractor is getting sucked into doing the work yourself.”
“Your time as the investor and business owner is much better spent raising money and finding deals.”
“You should not just use a property management company someone told you about. You should interview them just as you would with filling a position in your company.”
“This is not charity. This is business.”