Real Estate Investing

Jason and Chris are talking about the evolution of people’s reading lists. Looking back on their own experiences post-college, they’ve broken it down into the four categories. First, what they call their “beginner” books – the tried and true books on “how to be an adult.” Next, industry related books, for them these were books related to the real estate industry. Then, general business and entrepreneurial books on subjects like hiring and managing employees, business growth, and marketing. Finally, books on personal growth, for Jason and Chris, these are the “black belt” topics authored by people like Warren Buffett and Tony Robbins about finances, health, and other important topics to lead a well rounded life.

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Private Money Minute #6: Out Market Your Competition by Real Estate Investing

Private Money Minute #5: When to Flip or Buy and Hold Properties by Real Estate Investing

Private Money Minute #4: Marketing 0.0 by Real Estate Investing

Chris and Jason are talking to Joshua Davidson from Chop Dawg today. Josh uses a lot of different words to explain what his company does–incubator, development firm, company launcher, tech advisers. Bottom line, he is a true entrepreneur, and believes entrepreneurship is something you either have or you don’t, it’s a natural talent. He sold his first website at age 14, and has been developing, marketing, and helping “catapult” startups ever since. Check it out!

Private Money Minute #3: Passive vs Active Investing - Understand Your Role by Real Estate Investing

Private Money Minute #2: Creating Real Estate Partnerships by Real Estate Investing

Jason discusses several ways to get funding for your real estate investments and the pros and cons of each source.

Chris and Jason break down the two worlds of real estate–the investor side, and the homeowner side. First, they discuss the fact that it is in investors’ best interest to understand consumers and the type of financing provided by banks, since 90-95% of real estate transactions are primary residence deals. All the rules, regulations and licensing are based around homeowner real estate sales, and banks’ interest rates affect resale. Then, they talk about why realtors should pay attention to what investors are doing because not only are they great at marketing and renovating properties, but their finished homes drive up prices in their market. Chris and Jason believe it is beneficial to agents to work with investors. Whichever side of the real estate market you are on, they emphasize that you should understand the industry as a whole to make your business the best it can be.

Do you have a big exciting business goal? Do you know exactly what it is and how you want to execute it? The way you answer these questions depends on your background and your business, but there are some important basic things to start with. Jason and Chris discuss each of these things you must do before jumping into a big project. First, you have to set up a database, or CRM of all your contacts. Next, you have to learn and understand marketing–you must become an expert. Finally, you have to prepare for the project, mentally and actually.

Jason Balin’s guest on this episode is entrepreneur and radio personality Glenn Younes. Glenn became an entrepreneur about a year ago after a career in media, which included a pre-show for the Baltimore Ravens and his own show on Sirius SM Radio, for many years. Glenn first talks about how his desire to become an entrepreneur had built for years, and how the status quo didn’t work for him—-he believes in advancement. Then he and Jason discuss the three key moments of entrepreneurship: 1) Having the courage to take the plunge; 2) Getting to a place where your business is making money and is stable; 3) Arriving at a point where your business is thriving so much that money can be invested in other ventures—where you can go after bigger fish.

Every time you hear successful people talk about their success, they call themselves “lucky.” Chris and Jason talk about harnessing the power of luck through picking yourself up when something doesn’t go the right way, trying again, and always staying positive. They believe there is a formula behind so-called luck and that anyone is capable of being a lucky person if he or she is looking at the positive and seeing where opportunity lies.

There are three reports you need to know to run a successful real estate investment business–a Marketing Conversion Report, a Cash Balance Per Property Report, and a Return on Investment Per Property Report. On this #theREI360show, Chris and Jason discuss each of these reports in detail and explain why you need to know these key numbers.

Chris and Jason talk about why it is important to decide what you will do with a property before you buy. You need to make the right decision for you based on your personal resources, the property, and the area. Whether you plan to flip the property or hold on to it as a rental, you should have a game plan before the acquisition.

On this episode, Chris and Jason discuss why self awareness is important in the real estate business. They talk about why knowing your abilities, your strengths, and your personality type are vital to having a successful business and prevent you from wasting your time and efforts on areas in which you do not thrive.

Chris and Jason talk about out marketing your competition so that you don’t have to compete based on price. They discuss why marketing to build a relationship and educate your potential clients who may not know very much about your industry is important and why price doesn’t matter in many cases.

Chris and Jason talk about the top six things to think about when starting a business. They discuss the fact that these rules apply to any entrepreneur and hope that people in industries other than real estate do not discount this information, as it is universal.

In this episode of #theREI360show, Chris and Jason discuss what does and doesn’t work when going into a business partnership. They give excellent tips to have a successful partnership based on their own experience working together for almost ten years.

In this week’s episode of #theREI360show, Chris Haddon talks about the benefits of travel and getting away from your normal everyday routine. He talks about how a change of scenery can help you have a different perspective and come up with new ideas.