Tying your earning potential to an hourly wage keeps you on a leash. Leslie Awasom’s great job in medicine became a W2 jail cell when he realized that. But shifting out of a W2 job and losing that steady paycheck was a huge change for him. Learn about how he’s doing it with his partner Tenny Tolofari in the Maryland metro area.
Wholesaling lease options have a place in the entire lifecycle of the investor. Do you need some quick cash for a bigger, better deal? Lease options are a quick way to make money for other real estate ventures that you’re looking at. Joe McCall from Real Estate Investing Mastery shares how to use lease options to become a transaction engineer with creative financing.
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Be a positive influence and do some good in the world by connecting with compassion. David Wood, a life coach, and performance expert shares three ways you can truly see the people around you. By asking questions that are truly interesting, you can help your team, your family, and your customers feel like they matter. And people who matter love doing business with you.
Even if you hire a property management company, you still need to keep an eye on your operations. As the owner of the Ohio Landlord Association, I talk to a lot of landlords about how to maximize their investments. My 6 Dos and 6 Don’ts for property management will protect you from being surprised by a failing apartment building.
Data beats guts all day, says Neal Bawa from Multi-Family University. As the reigning mad scientist of multi-family, Neal uses data to predict trends and make safe secure investments. Your gut feeling may tell you to invest in your backyard, but does your city have the fundamentals in place to weather a recession?
When you’ve finally decided to scale up, what position should you hire for first? The first crucial hire sets the stage for the next, and then the next, until you’ve got a team that can run smoothly without your oversight. Lee Kearney has built up a team that can run without him, and he tested it when he was diagnosed with COVID-19 this spring. Since then, he and his team have had to pivot and prepare for what’s coming next in the real estate market.
Finding the perfect multi-family deal takes some time, a little bit of homework, and a lot of elbow grease. Remodeling without a reliable contractor could be a disaster that destroys your deal and causes your investors to run far away from you. Multi-family investor and contractor Jorge Abreu straddles both of these worlds, and he has some great advice to help you find the right contractor and make sure your CapEx is done correctly.
Filling up your day with tons of tasks doesn’t leave you with enough time to think those “big picture” thoughts. Stop telling yourself that no one can do the task like you can, and clear off your to-do list by outsourcing your tasks. Genecia Alluora from Soul Rich Woman teaches women entrepreneurs how to get into a zone of genius and today she talks with me about how business leaders can amplify their message and their business.
Once you hear Tenny Tolofari’s story, you’ll be inspired to put away your excuses and get to work building your real estate business. With a focus on relationship building, Tenny and his partner Leslie have acquired hundreds of units in just a little over a year. And instead of slowing down in the pandemic, Tenny’s unique perspective has allowed him to pause, reflect, and face this new challenge head on.