Real Estate

347: Real Estate Wholesaling: Build Wealth, Be Creative, and Make the Right Deal with Abhi Golhar

July 5, 2017

Abhi Golhar is a managing partner with the Atlanta real estate investment firm Summit & Crowne. He's also the host of the Real Estate Deal Talk podcast.

Whether you're looking to up your game with real estate, or you have disposable income and are looking to grow your money, Abhi is here to tell you that you can get more creative with real estate. You aren't stuck choosing between flipping or renting. There are many options available to you based on your personality.

For example, Abhi recommends real estate wholesaling, where you gather leads (from knocking on doors and stand-up signs) and perform research on viable properties and their sellers (homeowners), then create a contract and sell that information to a buyer (investor). That's just one of the many creative real estate cashflow ideas Abhi has to share with us today.

Quotes:                                                                                                                                   

“Don't be told what your investment strategy should be. Understand your investing personality.” – Abhi Golhar

“Too many times, I see pros in the space fall out of love with real estate for two reasons: one, they haven't crossed the hump of scaling a business, and two, they've created a job for themselves instead of a real estate business.” – Abhi Golhar

“Work on the business, not in the business. Too often, people don't work on the business and get caught working too much in the business.” – Abhi Golhar

Takeaways:

04:28 Understand your personal investing personality and choose a real estate strategy that matches your goals, whether it's flipping, rental income, or wholesaling.

07:46 Build a real estate business, not just a job by focusing on systems, technology, and team building instead of getting stuck in daily operational tasks.

10:57 Develop relationships and build trust in local communities to generate consistent real estate investment leads.

17:48 Explore creative deal-finding methods like checking probate records, door-to-door networking, and targeting underdeveloped land for potential high-profit opportunities.

22:12 Diversify real estate investments across different strategies: 40% flipping/developing, 40% cash-flowing assets, and 20% in commercial real estate to protect against market corrections.

Resources

296: Create a Great Customer Experience, Build an Environment Where People Love to Work, and Solve a Real Problem for Lasting Change with Kenneth Bator

April 25, 2017

Kenneth Bator from BTCINC.net says that you should align your brand, culture, and strategy for maximum results. Pay attention to the little details that your customers love, that keep you consistent and removes your decisions. Write and implement service standards. For example, you may always show up 15 minutes to meetings, greet customers in a certain way, or respond to calls and emails within 3 hours.

Also, ask yourself: 1. Who do I want to serve, and 2. What problem do I want to solve?

Quotes:                                                                                                                                   

“People aren't buying products and services. They're buying solutions to their problems.” – Kenneth Bator

“If you're going to put a service standard on paper, you darn well better have the resources and the wherewithal to adhere to it.” – Kenneth Bator

“If you're the smartest guy in the room, you're probably in the wrong room.” – Kenneth Bator

Takeaways:

04:47 Create a consistent, detailed customer experience that goes beyond just delivering a product or service.

05:18 Write down clear service standards to remove decision-making friction and ensure team consistency.

14:57 Focus on solving specific problems for a well-defined target audience rather than trying to serve everyone.

16:53 Understand that customers buy solutions to their problems, not just products or services.

22:03 Regularly review and adjust your business standards and offerings to maintain brand alignment.

114: The Business of Great Ideas, Real Estate, Charity, and an Eco-Friendly Cause with Mayer Dahan

August 12, 2016
mayer-dahan

Everyone has great ideas, but what matters is taking action! Mayer Dahan from Prime Five Homes and The Dream Builder's Project tells us how he's innovated in the real estate space to create luxury, eco-friendly homes while also championing a great cause in the Los Angeles County area.

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