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In the Trenches: Real-World Strategies for Real Estate Success with Andrew Postell
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In our engaging conversation with Andrew Postell, an experienced real estate investor, we unpack the strategies that have served him over two decades in the industry. Andrew enlightens us about his journey, which began with observing a family member owning a handful of properties and has grown into a portfolio of 15 properties with two more under contract. He shares his preference for part-time investing and his decision to outsource the management of his properties, stressing that real estate is part of his long-term planning.
Andrew further shares invaluable insights into his approach to investing, highlighting the importance of asking lenders the right questions when seeking flexible financing. He encourages even average individuals to explore real estate investing but emphasizes the need to have the right expectations. He also talks about his transition from real estate investing to the mortgage business, proving that diversification within the industry can yield great rewards.
The episode wraps up with Andrew sharing his experience of investing in the Dallas-Fort Worth area, where he has been able to build a network of reliable partners. He explains how investing in your local area can be beneficial as it allows for a more hands-on approach and a better understanding of the market. He emphasizes the significance of cash flow versus appreciation in real estate, advising listeners to keep learning, networking, and sharing knowledge to become successful investors. Listen in to learn from Andrew's wealth of knowledge and experience in real estate investing.
(0:00:00) - Real Estate Investing Strategies and Journeys
(0:12:35) - Important Questions for Real Estate Investors
(0:24:35) - Real Estate Investment and Geographic Concentration
(0:38:10) - Cash Flow vs. Appreciation in Real Estate
About Andrew Postell:
Andrew Postell has over 20 years of real estate investing experience, is consistently ranked in the Top 1% of all Loan Officers in the US, and might be known to enjoy a concert or two. Andrew lives in Fort Worth, Texas with his wife Teresa and their dogs Pheobe and Finnigan.
https://www.linkedin.com/in/andrewpostell/
https://www.facebook.com/andrew.postell/
https://www.instagram.com/drewp4vp/
Real Estate Investing, Andrew Postell, Long-Term Planning, Flexible Financing, Dallas-Fort Worth Area, Cash Flow, Appreciation, Networking, Wholesalers, Median Price Point, Facebook Groups, Learning, Sharing Knowledge
@hackingrepod
38 episodes
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