Real Estate Investing Podcast David Ono

Too many beginner real estate investors push all their chips in the middle and bet that they can become huge rehabbers or wholesalers. They pass up deals that would turn into rentals because they say the profits are too slow. They don’t like making a couple hundred bucks of profit per month. They’d rather have big chunk profits like $30,000 or $40,000 or more per deal. If they never do a deal though before going back to the 9-5 job, was it worth it?

This wholesale case study was a flip we did during a down market. It had potential as both a rehab flip and a rental. Even though we sold it as a wholesale property before the rehab started, we used rehab knowledge to mold the deal both on the buying and selling side.

We cover a case study of the very first real estate investment deal we ever did. This deal was years in the making and came with a lot of mistakes. If you’re thinking about starting your investing career, listen to what all was involved before we finally got our start. If we can do it, so can you. This was a deal we bought, rehabbed, rented, refinanced, and repeated.

Real estate investors drop the ball when they speak with sellers and fail to build rapport, don’t explain how their process works, and don’t do what they say they’ll do. Even still, those investors are better than the ones who don’t even answer the phone and never call back! We also cover how a real estate investor can improve their odds of buying a house by taking a lead the proper way. Follow us on Facebook @GreaterKCRealEstate, Twitter @DavidOno