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119: How to Build an Investor-Friendly Brokerage by Being an Investor with Jon Bombaci

119: How to Build an Investor-Friendly Brokerage by Being an Investor with Jon Bombaci

FromZen and the Art of Real Estate Investing


119: How to Build an Investor-Friendly Brokerage by Being an Investor with Jon Bombaci

FromZen and the Art of Real Estate Investing

ratings:
Length:
47 minutes
Released:
Mar 11, 2024
Format:
Podcast episode

Description

If you’re new to real estate investing, finding an agent specialized in helping investors can be a game-changer. They know the right questions to ask and can help guide you as you search for properties. On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with Jon Bombaci, founder of Candor Realty, powered by FourPoints Real Estate, in Massachusetts. Jon’s brokerage is focused on working with investors and has more than 30 investor-friendly agents on his team. He has decades of real estate investing and insurance experience behind him and has been involved in many real estate transactions on- and off-market. As they begin their conversation, Jonathan and Jon explore Jon’s first investing experience—a house hack—during his college days and the lessons he took away from it. Jon explains when he realized he wanted to go all in on real estate investing, what prompted him to open an investor-focused brokerage, and why you don’t necessarily need a real estate license as an investor. You’ll hear how he builds trust with investors and creates long-term relationships, the questions you should ask yourself before approaching an agent to buy properties, and how an investor mindset can help traditional buyers and sellers. Jonathan and Jon also discuss the role of meetup groups in investor education, why he spends almost nothing on marketing, and how you can start meetup groups and grow them. Having an agent at your side who understands real estate investors can be a powerful tool, and Jon Bombaci outlines the details you need to know in this episode. In this episode, you will hear: How Jon Bombaci began real estate investing with a house hack in college and the landlording lessons he learned The realization he came to after his father died and when he went all in on real estate investing Opening a brokerage and growing a team of 35 investor-focused agents What Jon tells people who want to get their real estate license to save on fees and when a license is a good idea Why he seldom represents himself in a transaction Building trust with investors and maintaining long relationships with them Jon’s decision not to have clients sign buyer agreements and the reasons behind it The questions new investors should ask themselves before going to an agent to buy properties Jon Bombaci’s meetup groups and why he requires new clients to attend one How having an investor mindset can help traditional buyers and sellers as well His rules for lowball offers and why you might not get the deal you think you’re getting Setting the expectations for house hackers and the properties Jon prefers Why he spends almost nothing on marketing, and what he relies on instead Starting meetups, hosting them consistently, and growing them Follow and Review: We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/119 to download it. Supporting Resources: Candor Realty website - candorealty.com Candor Realty on YouTube - www.youtube.com/@candorrealty2264 Find Candor Realty on Facebook - www.facebook.com/candorealtygroup?locale=es_LA Candor Realty on Instagram - www.instagram.com/candorealty Connect with Jon Bombaci on LinkedIn - www.linkedin.com/in/jonathanbombaci Simplified REI Meetup - www.facebook.com/simplifiedREImeetup Simplified REI Meetup on Instagram - www.instagram.com/simplifiedreimeetup Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene In
Released:
Mar 11, 2024
Format:
Podcast episode

Titles in the series (100)

What if you could learn from experienced real estate investors, find out what got them to where they are now, get insight into their daily habits, and take these insights to inspire your own growth? That’s what each episode of Zen and the Art of Real Estate Investing brings. Hosted by Jonathan Greene, a real estate investor for more than 30 years, as well as advisor and coach, the founder of Streamlined Properties and the Team Leader of Streamlined Properties On-Market, brokered by eXp Realty, every episode is an in-depth look at the mindful approach to real estate investing. If you are looking to start from scratch, get to the next level, or just for a straightforward and honest approach to real estate investing, Zen and the Art of Real Estate Investing is the free mentorship program you can take with you anywhere.