#43 with Rob Bergeron: Finding off Market Deals and Working With Out of State Investors to Buy Cash Flowing Assets

Millennial Millionaire Real Estate Podcast

English - August 04, 2020 17:39 - 1 hour - 168 MB - ★★★★★ - 56 ratings
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Previous Episode: #42 with Ben Kogut: Scale Your Syndication Portfolio to $225M and Effective Strategies to Raise Capital

Next Episode: #44 with David Krulac: Scaling to 1000 Real Estate Transactions and Making 8 Figures Over the Course of His Career

In this episode, Jonathan Farber interviews Robert Bergeron on his road from leaving an unfulfilling job in sales to developing a thriving real estate community around his area. Rob is a Louisville, Kentucky based Realtor who specializes in finding off-market deals and working with out-of-state investors to buy cash-flowing assets. In this episode, we break down topics like investing out-of-state, maximizing renovation value, adding value, and more!

Top Takeaways:

How to start investing out-of-state - 27:45 - 36:30

Evaluate industry in the market you’re looking at

Figure out what type of construction is happening; if it’s not on new land, expect appreciation

Figure out if you’re looking for cash flow or equity, and match the market to your asset type

How to renovate to maximize ARV - 36:45 - 38:45

Remote investing and renovation books have detailed descriptions of the best improvements

The goal is to get the property to the point that it won’t have to be updated for several years

Go for the simplest acceptable option

How to stay in front of mind while adding value - 54:45 - 1:00:30

Providing direct value without asking any in return builds goodwill

Meeting directly with clients makes them feel valued