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489: How Are You Preparing to “Exit Rich” in Real Estate?

489: How Are You Preparing to “Exit Rich” in Real Estate?

FromBiggerPockets Real Estate Podcast


489: How Are You Preparing to “Exit Rich” in Real Estate?

FromBiggerPockets Real Estate Podcast

ratings:
Length:
81 minutes
Released:
Jul 25, 2021
Format:
Podcast episode

Description

Real estate is a business, but we often don’t think of it that way. A single-family home here, a duplex there, at the end of the day we’re just landlords, right? What if some large corporation or outside buyer wanted to buy your real estate business from you. Even better, what if you had such efficient systems in place that you could sell your business for 10x what you put into it. Sounds pretty sweet right?Today we talk to Michelle Seiler Tucker & Sharon Lechter, authors of Exit Rich and Rich Dad Poor Dad. Michelle and Sharon have spent years building and selling businesses and have defined the 6 Ps to a profitable exit. Their main critique of most business owners: start planning to scale efficiently TODAY.This can help you as a real estate investor start putting systems in place to grow your portfolio faster and with less work from you later on. If you’re willing to put in the upfront effort to start hiring right, systematizing, and opting for efficiency you most certainly will “exit rich”!In This Episode We Cover:What business owners do that costs them millions in company valuation The 6 Ps to a profitable (and stress-free) exitBuilding systems that allow your business to grow efficiently Focusing on company culture and having an employee liaisonWhy most business owners won’t let go of their “hands-on” roleHow a business is valued (and what you can do to boost your valuation)And So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelGoBundanceOpenDoor CapitalBrandon's BooksBiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneCherry Creek Lodge - Guests RanchExit Rich Website Click here to check the full show notes: https://www.biggerpockets.com/show489See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jul 25, 2021
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.