Live Q&A - Breaking Into Multifamily and Finding a Partner, Off-Market Seller-Financed Deals, Earnest Money Requirements, and Hiring for Values
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 January 12th 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:
“It is a short-sighted statement to say you need a partner to have credibility. You only need to do one or two deals to have credibility.”
“Partnerships can be very tricky.”
“Instead of bringing on a partner, invest in coaching or mentorship.”
“We don’t typically give earnest money deposits to the seller when we are doing wholesale deals.”
“Find someone to fund your EMD if it is a smoking deal.”
“You need to do a good job of listening to the sellers and truly empathizing with what they are going through.”
“You have to find out from them why selling their house to you is a better solution than putting it on the MLS.”
“When hiring, many times companies will trade a good culture fit for a particular skill set.”
“I almost had a full-out mutiny in my company when I hired purely for skills and not a good company culture fit.”
Links:
Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months
