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RealEstateInvesting.com Podcast: Real Estate Investing | Passive Investment | Investor Strategies

The real estate investing podcast where we talk real world rei strategies for success, building wealth and achieving financial freedom with experienced investors who share the best advice for epic success without the get rich bs. Listen as guests share their formulas for successful real estate investing and how you can do more deals and increase your profits. Gain insight into what works in today’s market with real world actionable advice to take your real estate investing to the next level. From advanced topics on multi-unit apartment buildings and commercial property investment, to the basics of getting started wholesaling a 1st deal and flipping houses. Rookies and newbies can learn to master the art of flipping houses with a 360 view from real life guys and gals doing dealz, while more experienced and advanced investors can learn through those who are crushing it in real estate investing. Even passive investors can learn more about how to grow their passive income & lifetime cash flow by building a rental empire of turnkey rental properties. Build wealth faster without ever having to pay taxes by keeping more profit in your pockets using a self-directed ira or 401k to invest tax free or tax deferred. Feel empowered to break past your mental limits and out of your comfort zone to gain the mastery of real estate investing. Learn the best strategies, tips and advice ever on wholesaling deals, managing rentals, farm equity and how to do bigger and better deals in your market. Best of all, avoid costly common mistakes by getting your education from other guys who are in the real world classroom and avoid the expensive real life seminars. Join America’s most recognizable website in Real Estate Investing each week to get the latest real estate news and business advice by subscribing to this podcast now.
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RealEstateInvesting.com Podcast: Real Estate Investing | Passive Investment | Investor Strategies
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Now displaying: March, 2019
Mar 14, 2019

James Wachob has scaled his investing business in Memphis Tennessee to having 78 team members and is rehabbing well over 200 houses a year, along with doing new construction.  His investing model is around providing turnkey rentals as well as doing some traditional wholesale deals and flips.  On the turnkey & property management side, his company manages over 1700 rental units for some 500+ investors.  He has built quite a large operation and there is a lot to be learned from what he has to say regardless of if you are a beginning investor or an experienced investor looking to scale your real estate investing business to the next level.

 

Key Takeaways

  1. Focus on one area of real estate investing and take action. Beginners should avoid shiny object syndrome and taking on too many ways to invest at one time.
  2. Place a dollar figure on one hour of work value for yourself, then, when you can afford it, hire-off to someone else everything that isn't worth your hourly rate.
  3. Build that team because that team is the only thing which will make you scale!

 

Resources & Books Mentioned

 

Topics Covered

  • How James got his start in real estate investing.
  • Cashing in on the downturn of 2008 by buying in-fill lots.
  • Key strategies for buying lots in the right neighborhoods.
  • How James saves money by systemizing & building new construction on a "fee basis".
  • Why wholesalers are not sending him as many houses as before.
  • How he has his team "driving for dollars".
  • The strategies he uses for direct mail, where he gets his lists and what he mails.
  • How leads get processed as they come in.
  • Estimating repairs.
  • How they present an offer to the seller and when.
  • Deciding the exit strategy and why the year the house was built plays a key part in the decision.
  • James' typical rehab budget.
  • How and why James has three sets of pre-determined product selections.
  • How James was able to scale the business.
  • What his team structure looks like in his department.
  • About using VAs (Virtual Assistants) when sourcing real estate deals.
  • Types of software his company is using.
  • James' advice on getting started in real estate investing.

 

Connect With James Wachob

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