Live Q&A - Doing Deals in Smaller Markets, How to Build a Team, My Disposition Process, and My Biggest Investing Mistake

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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 March 16th 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!

Notable Quotes:

“This isn’t supposed to be a break even business.”

“A short-term rental property in a northern state can be either feast or famine.”

“The reason you do short-term rentals is that generally they have a much higher rate of return.”

“One big mistake was rushing into a deal and not taking enough time to analyze the numbers.”

“Make sure you do the due diligence on every property you are considering buying.”

“When you are starting out, I think it is a great idea to start in secondary markets rather than metro areas.”

“Secondary markets are great because there is less competition.”

“Try to find a way to solve the seller’s problem through real estate.”

“Having a good company culture is probably more important for a small company.”

“If you don’t start with a good company culture with your first hire, you will just be building a fire of bad culture that is going to burn out of control and consume your business.”

Links:

7 Figure Investor

7 Figure Flipping

Return on Investments

Just Start Real Estate

JSRE on Facebook

Mike on Facebook

Mike on Instagram

Mike on LinkedIn

Mike on Twitter

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