April 10, 2024

#75 Unlocking Profit Potential: Joint Ventures and Partnering in Real Estate

1 hour 4 minutes

SUMMARY: In this conversation, Trent Ellingford shares his journey from residential real estate to commercial real estate wholesaling. He discusses the challenges and benefits of commercial real estate, the lessons he learned from the market crash, and the importance of making decisions and taking action. Trent also highlights the scalability of commercial real estate and the opportunities available in the current market. In this conversation, Trent Ellingford discusses the benefits of joint ventures and partnering deals in the real estate industry. He emphasizes the importance of focusing on specific asset types, such as RV parks, and explains the potential for profit in these areas. Trent also shares his experience in cherry-picking the best deals and the value of learning from mistakes. He highlights the opportunities available through his deal partnership program and encourages listeners to think bigger and surround themselves with successful individuals.

SOCIAL MEDIA:

TikTok 👉 https://www.tiktok.com/@cleverinvestor

YouTube 👉 Clever Investor - YouTube

FB 👉 https://www.facebook.com/codysperber/

IG 👉 https://www.instagram.com/cleverinvestor/

Connect With Trent Ellingford:

IG 👉https://www.instagram.com/trentellingford/?hl=en

YouTube 👉 https://www.youtube.com/channel/UCoz7obstfrtTRJ8p9IvpiVQ

💥HIGHLIGHTS:

Commercial real estate offers higher returns and less competition compared to residential real estate.

Transitioning from residential to commercial real estate requires learning a new language and understanding the larger dollar amounts involved.

The market crash and personal challenges can be opportunities for growth and learning.

Making a decision and taking action are crucial for achieving success in real estate.

Commercial real estate wholesaling allows for scalability and the potential for larger profits.

The current market presents opportunities in certain asset types, such as multifamily and distressed properties. Joint ventures and partnering deals can be profitable and provide opportunities for learning and growth.

Focusing on specific asset types, such as RV parks, can lead to success in the real estate industry.

Cherry-picking the best deals and negotiating creative terms, like seller financing, can maximize profits.

Learning from mistakes and persisting through challenges are essential for long-term success in real estate.

⏰TIMESTAMPS:

00:00 - Introduction and Background

02:20 - Shift from Residential to Commercial Real Estate

07:04 - Challenges and Benefits of Commercial Real Estate

10:54 - Lessons Learned from Market Crash and Career Transition

25:14 - First Big Commercial Deal

29:03 - Scaling a Commercial Real Estate Business

32:21 - Joint Ventures and Partnering Deals

36:06 - Focus on Specific Asset Types

37:31 - Opportunities in RV Parks

38:01 - Cherry Picking Deals

40:26 - Partnership and Closing a Big Deal

46:29 - Learning from Mistakes

49:52 - Working with Trent

55:27 - The Slow and Fast Pace of Success

58:48 - Consistency and Persistence

01:02:08 - Sharing Expertise and Thinking Bigger

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By Cody Sperber

310310 ratings