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Ep 45 - Built In Cash Flow Is King In Today’s Real Estate Market with Jeremiah Boucher
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In this episode, together with Jeremiah Boucher we discussed the shifting landscape of real estate investing. With wholesaling drying up and flips becoming riskier, it's time to pivot and get creative. We talked about the importance of getting licensed to save on broker fees and finding new ways to generate income.
But here's the key: be patient! Don't rush into investments just yet. Opportunities are on the horizon and we need to focus on our core strategies. As leaders, it's crucial to guide our teams and stay grounded, even amidst the chaos.
When it comes to the macro picture, let's not get caught up in the doom and gloom. Instead, let's focus on the interest rates, consumer spending, and industry trends. Look to the leaders in your field and see what they're doing. Learn from them and adapt your approach accordingly.
Remember, it's about staying informed and staying focused on what truly matters. So put your head down, keep working, and get ready for those wave of opportunities!
Episode Highlights
- Wholesaling and flipping in real estate are becoming more challenging due to drying up of wholesaling and buyer pool concerns.
- Consider pivoting to getting licensed to save on broker fees and be able to list properties for sellers.
- Don't quit your job if you're doing real estate, especially in the current market with high interest rates and uncertain yields (00:01:27)
- Be patient and wait for the wave of opportunities that will come.
- Focus on a core strategy and allocate resources accordingly.
- Leadership is about clarity and guiding the team towards the overall goal.
- Don't get caught up in macroeconomic gloom, focus on day-to-day work.
- Understand the importance of adapting to the macro environment, especially regarding interest rates.
- Follow the big players in the industry to gain insight into consumer spending patterns.
- Pay attention to macro trends and challenges in the industry, but focus on fundamental aspects of the business.
Connect with Marty!
Website
https://www.webuyhomesroc.com/
https://www.facebook.com/mjgrizzanti
YouTube
Connect with Jeremiah Boucher
https://www.linkedin.com/in/jeremiah-boucher/?trk=public_profile_browsemap
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