Move beyond land flipping into creating mailbox money. Mark Podolsky’s unique approach to investing in raw, rural land yields a consistent stream of income. In addition to not dealing with tenants, rodents, or evictions, investing in raw land means you can go anywhere in the country and run your business from your home office. Don’t miss Mark’s offer just for our listeners at the end of the podcast.
Real Estate Investing
Being resourceful is one of the top characteristics of a successful entrepreneur. On his way to building micro-units, Scott Choppin from Urban Pacific found instead a building model that fits in an unrealized niche. Pivoting to address this undersupply, Scott’s been able to keep his company busy even as projects across California have slowed down.
Institutional loans have come to a screeching halt while banks wait for a sign of the direction this economy is going to go in. Even crowdfunding platforms have slowed down as it seems like everyone’s holding their breath. There are going to be some amazing deals on the marketplace in the next six to eighteen months, but your ability to access private money is going to be crucial to your success.
You’re going to hear a lot of misleading terms that supposedly demonstrate where the housing market is going in the next year. I set the record straight today about what home sale units really vreflect, and what you should actually focus your attention on.
Let more potential investors get to know you without filling up every appointment on your calendar. Digital marketing can help you find your perfect investor who is pre-qualified to invest with you before you even pick up the phone to talk with them. Dr. Gower from the Gower Crowd talks about what digital marketing looks like for real estate investing, and how you can build a better funnel for your audience.
How you frame the opportunities in the real estate market right now is incredibly important because your mindset is going to determine whether you run toward those opportunities or hide from them. Rod Khleif and I talk about how the impact of the Coronavirus is different from 2008, and how educating yourself, networking, and feeling gratitude can reorient yourself for the market shift that’s coming.
Even in these unprecedented times, there are still some rules and laws that protect landlords’ investments. The CARES Act directly impacts real estate and small businesses, so I talk with my personal real estate lawyer David Streeter about the protections being written into the law to protect and preserve the relationships between tenants, landlords, and banks.
Wearing the two hats of Realtor and real estate investor is paying off for many of the brokers in Travis Tomlinson’s real estate office. He talks about some of the benefits and limitations of this arrangement, and why he recommends it for all of his new agents. He describes his “driving for dollars” marketing strategy, and the results it’s yielding for him.