#29 with Anson Young: The BiggerPockets OG is here and Always Taking Consistent Action
Millennial Millionaire Real Estate Podcast
English - June 18, 2020 19:38 - 1 hour - 169 MB - ★★★★★ - 56 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, Jonathan Farber interviews Anson Young on his path to building a business in flipping. Anson is renowned for his methods of focusing his efforts on a business model that worked for him and turning it into a successful operation while remaining committed to his goal of helping his community. In this episode we delve into topics like choosing a business model, managing a wide inventory of properties, lead generation, and more!
Top Takeaways:
How to pick a business model - 14:00 - 20:10
Look at the opportunities in your surroundings
Use your network to find where you can fill others’ needs and vice versa
Find a risk profile that works for you
Find a way to contribute to what you care about - community improvement
Once you find something that works for you, scale
Be ready to adapt as the market changes
As you build experience, see where you can pivot to keep adding value
Managing different types of properties - 27:15 - 29:40
If it can be flipped, usually do so - most profitable
Unable to flip due to cost, historical district, etc. then wholesale
If beneficial to the seller, put it on the market - be realistic
Having more options to offer a seller can capture more leads and help more people
How to find real estate and generate leads - 31:15 - 46:00
Networking - the more connections you have the more opportunities you will find
Referrals - by keeping in touch with agents, you can help someone that might find themself in a tough spot
Direct to the seller - the more touches you make the more business you will drive
Start your own event - generates instant credibility
Driving for dollars - driving your target neighborhoods gets you familiar with who you’re trying to represent and allows you to target your direct marketing
How to bring value to Anson Young:
Local boots on the ground to help establish new markets in areas friendly to cash flow
Being willing to learn, to do the work, and develop new business opportunities
Resources:
Book by Anson Young: Finding and Funding Great Deals: The hands-on guide to acquiring real estate in any market.
Social Links:
BiggerPockets Profile: www.biggerpockets.com/users/anson
LinkedIn Profile: https://www.linkedin.com/in/ansonyoung/
Instagram Profile: https://www.instagram.com/younganson/?hl=en
Company Website: https://ansonpropertygroup.wordpress.com
Connect with the host, Jonathan Farber Here!
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
Facebook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29