35 min listen
JF3361: Best Ever Roundtable: Lessons Learned from our Best and Worst Deals Pt. 1
JF3361: Best Ever Roundtable: Lessons Learned from our Best and Worst Deals Pt. 1
ratings:
Length:
30 minutes
Released:
Nov 17, 2023
Format:
Podcast episode
Description
Commercial real estate experts Slocomb Reed, Ash Patel, and Joe Cornwell share their best and worst experiences in real estate investing. They offer valuable insights, lessons, and strategies that every investor should consider. Key Takeaways: The Importance of Reserves: Slocomb Reed discusses the necessity of having sufficient reserves in real estate deals, especially when working with inherited tenant bases or C-class properties. He highlights the importance of staying disciplined and not compromising on the quality of contractors to avoid costly mistakes. Staying True to Your "Why": Joe Cornwell delves into the challenge of managing capital and the temptation to rush into new deals. He emphasizes the need to focus on your "why" in real estate investing, staying patient, and not letting idle cash dictate investment decisions. Lessons for All Investors: Ash Patel shares invaluable advice for real estate investors. He stresses the importance of comfortable idling large sums of cash, finding partners or selling deals if necessary, and understanding your "why" to maintain focus and purpose in your real estate journey. Sponsors BV Captial BAM Capital Rentec Direct
Released:
Nov 17, 2023
Format:
Podcast episode
Titles in the series (100)
JF 10: Ignore the Crazy Talk and Follow Your Vision: Lisa Phillips buys homes for 30k or less. Thats her model and despite all the people who said she was crazy buying at that price point in suspect neighborhoods, she followed her vision and continues to reap the rewards. by Best Real Estate Investing Advice Ever