The Real enTREpreneur™ Podcast

Avoiding Bad Deals: How to Focus on High-Quality Real Estate Investments | Ep 29

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Hey there, it's Alex Coffman, the host of The Real enTREpreneur™ Podcast! In this episode, I sit down with Elliott Elias from Elias Holdings to share insider insights from our recent weekly meeting. Elliott has been a significant part of TRE and a partner of ours for several years, and our discussions are always packed with valuable strategies and real-world experiences.

Here's what you can expect in this episode:

  1. Strategic Focus on Quality Assets:

    • We discuss the transition from smaller, single-family investments to larger, higher-quality assets for sustainable cash flow and long-term growth. Learn why avoiding "shitty properties" is crucial and how to focus on financially viable investments with potential for appreciation.

    • Operational Excellence:

      • Managing an RV resort offers unique insights into property management. We dive into the specifics of overseeing on-site staff, maintaining property standards, and ensuring tenant satisfaction. Discover the importance of structured KPIs and regular reporting mechanisms.

      • Investment and Cash Flow Management:

        • Elliott and I cover financial strategies to ensure continuous cash flow. Hear about our experience increasing rent by 30% at our RV park, paired with significant improvements to the park's amenities to boost revenue and enhance property value.

        • Team Alignment and Vision:

          • Learn the importance of having a clear vision and ensuring team alignment. We discuss the transition from smaller deals to larger, more profitable ones and the need for buy-in from all stakeholders. Understand the emotional and logical reasons behind strategic shifts.

          • Real-World Challenges and Solutions:

            • Elliott shares his experiences with less-than-ideal business partners and navigating complex negotiations. These real-world examples provide invaluable lessons in resilience and strategic thinking.

              • This episode underscores the importance of strategic planning, operational rigor, and team alignment in real estate investment. Whether you're just starting out or looking to scale your portfolio, these insights are invaluable.

              Don't miss out on this insightful discussion! Watch the full episode and discover how to apply these strategies to your own real estate investments.

              August 13th Bootcamp: https://treuniversity.com/1deal


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              The Real enTREpreneur™ PodcastBy Alex Coffman
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