#195 with John Cohen: Scaling to 4,000 Units Through 27 deals For Part 2
Millennial Millionaire Real Estate Podcast
English - March 17, 2021 18:59 - 52 minutes - 96.9 MB - ★★★★★ - 56 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, Jonathan Farber brings back John Cohen for his second episode on his path from bringing his tax expertise to his real estate start to having held over a total of 4,000 units through 27 deals. John is an experienced multitalented investor based in New York. In this episode, we delve into topics like: balancing risk and aggressive deals, what first steps to take in real estate, looking towards opportunities post-pandemic, and more!
Top Takeaways:
Drawing the line between making an aggressive deal and keeping yourself safe - 11:45 - 17:30
There will always be a few who take it to a truly careless level of risk
Stay forward thinking and include future economic changes in your underwriting
The more aware you stay of the financial trends, the better you can ride that line
Starting over in real estate today - 19:00 - 21:45
The number one thing you can do is build yourself a mentor relationship by providing value
Put your financial gain on the back burner and soak up as much as you can
If you can do the things no one wants to do better than anyone else, you’ve become irreplaceable
Preparing for real estate in the post-pandemic world - 28:00 - 32:15
Consider whether you really need an office as your biggest fixed expense
Being able to be in the same room as your colleagues doesn’t mean you need to go back to that
Consider what that amount could be put towards that would bring you more revenue
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