EP 148: Proven Strategies for Scaling Your Property Investments and Maximizing Profits with Wyatt Simon
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Former basketball player turned real estate investor, Wyatt Simon, delves into his journey from leveraging a line of credit to build his portfolio using the BRRRR strategy to navigating the multifamily market's challenges and returning to single-family investments. He shares insights into creating multiple revenue streams from single deals through vertical integration and highlights his philosophy on property management and coaching aspiring investors.
This episode is packed with practical advice and inspiring stories that will motivate anyone looking to scale their real estate endeavors - don’t miss out on the valuable lessons Wyatt has to share!
Key takeaways to listen to:
- Leveraging a line of credit to scale a real estate portfolio using the BRRRR strategy.
- Partnering with title companies, creating hard money lending firms, and having a real estate license to maximize deal profits.
- Navigating the transition from single-family to multifamily investments and back.
- Setting up direct-to-seller systems to find off-market deals and ensure a steady deal flow.
- Coaching others on how to build and scale their real estate portfolios without substantial upfront capital.
About Wyatt Simon
Washed-up basketball player turned investor, Wyatt Simon, owns and operates a $20M+ vertically integrated real estate portfolio and has mastered the BRRRR strategy. Wyatt helps students take control of their financial future by utilizing real estate. He is a member of Citylight Church, and the author of "Your First 100 Doors: A Real Estate Investor's Guide to Scaling a Rental Portfolio."
He is an industry expert in multifamily real estate and Co-founded Full Circle Real Estate, a real estate acquisitions company. In 4 years of focused investing Wyatt became financially free at the age of 27. Featured in the Jake and Gino movers and Shakers podcast, The Healthy Investor Podcast,and Success Science, Wyatt has helped investors internationally accelerate to their goals through real estate.
He specializes in market research, due-diligence, strategic planning, project development and execution. Wyatt has surrounded himself with coaches and mentors to help him get to the next level. This includes Jake Stenziano and Gino Barbaro who have over 1,500 apartment units, who also aid as his mentors and advisors.
Resources Mentioned:
- Ram Multifamily Bookkeeping and Consulting - https://www.linkedin.com/in/monica-windham-470837253/
Connect with Wyatt Simon:
- LinkedIn - https://www.linkedin.com/in/wyatt-simon/
- Facebook - https://www.facebook.com/wyatt.simon
- Instagram - https://www.in
To connect with Randal and learn more about passive investing, visit www.ridgelineig.com and follow our social media pages below!
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157 episodes