#36 with Sean Williams: You know the Out of State Investor is Serious When They Pronounce Louisville Correctly

Millennial Millionaire Real Estate Podcast

English - July 14, 2020 21:37 - 1 hour - 143 MB - ★★★★★ - 56 ratings
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Previous Episode: #35 with Mark Ainley: Scaling to 1,000 Doors Under Property Management and The Process Guy

Next Episode: #37 with Pancham Gupta: Scaling a Real Estate Portfolio to 32 Million and Investing in Yourself

In this episode, Jonathan Farber interviews Sean Williams on his journey from dropping out of college to securing a major investment for his first BRRR on an apartment complex. Sean is a Louisville, KY, broker experienced in first time home buyers and sellers, all the way up to high-end properties and investors dealing in rentals, rehabs, and wholesale deals. In this episode, we break down topics like: building relationships in real estate, coronavirus market strategies, out of state investing, and more!

Top Takeaways:

How to build relationships and find investors - 24:10 - 33:00

Anyone you meet doing business could be an investor, so get to know people

Adding value by channeling deals builds goodwill

Opportunities arise when there are mutual benefits to a partnership

Show legitimate interest and be open to conversation

Strategy in the time of coronavirus - 35:30 - 38:15

New opportunities can pop up anywhere, so having some capital available is useful

Doubling down when everyone else is selling puts you in a strong position

Stashing more away when refinancing creates a reserve for capital expenditures

How to invest out of state - 42:00 - 46:20

Do your homework - learn the market you’re entering if you want to be taken seriously