#101 with Jay Hinrichs: Getting his Real Estate License at 18 to Growing a Real Estate Empire Across the Country

Millennial Millionaire Real Estate Podcast

English - October 23, 2020 18:25 - 46 minutes - 86 MB - ★★★★★ - 56 ratings
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Previous Episode: #100 with Jonathan Farber: What I have Learned From 100 Podcast Episodes

Next Episode: #102: How to Wholesale or Flip Any Home & Working a W-2 Job

In this episode, Jonathan Farber interviews Jay Hinrichs on his road from getting his real estate license at 18 to growing a real estate empire across the country. Jay, based in Portland, Oregon, is a property expert who has worn as many hats as there are niches. In this episode, we break down topics like: how to start a real estate career, coronavirus opportunities, beginning investor mistakes, and more!

Top Takeaways:

Starting your real estate career from nothing - 31:00 - 35:00

Never rely on a single income stream

Use the wholesaling model to buy low and sell high

If you buy at or close to the median house price in a market you start off safer

Growing markets amid a pandemic - 35:15 - 39:00

Commercial and retail property is going to struggle at first

This means small commercial will be a smart buy in the near future

As the economy crunches homeowners, rescuing mortgages may pick up again

Biggest mistakes of beginner investors - 39:30 - 41:30

Analysis paralysis is consistently one of the biggest things holding people back

Focusing on the biggest possible return from day one isn’t likely to work