In this longer conversation, we sit down with Troy Good, a seasoned real estate investor, educator, mentor, speaker, and owner of a contracting business in Berks County, PA. With over 30 years of experience in real estate investing, Troy shares invaluable insights into his investment journey, focusing primarily on Berks and Schuylkill counties, including areas like Reading, Boyertown, Bechtelsville, Shennandoah, and more. Delving into why he chooses these specific locations, Troy sheds light on the nuances of investing for cash flow versus appreciation. What does it take to succeed as an investor? Troy breaks it down, emphasizing his preference for investing in properties catering to "D" tenants, as opposed to higher-end areas. He offers practical advice for agents looking to thrive while working with investors like himself, drawing from his own experiences managing properties both independently and in partnerships. Speaking of partnerships, Troy shares candid insights into the complexities that come with shared ownership, whether it's his investment company with his two sons or properties with other individuals. From navigating differences in vision to maintaining accountability, he highlights the essential ingredients for successful partnerships in real estate. Ultimately, this conversation underscores the importance of accountability in driving success in real estate investing. Troy's journey serves as a testament to the power of dedication, strategic decision-making, and a relentless focus on the bottom line. Tune in for an episode packed with actionable advice and wisdom for both seasoned investors and newcomers alike!
Whether you are a homeowner who needs work done, a real estate investor who wants to get connected or you just love real estate content -You can find Troy on Instagram at @troy_l_good @goodcontractingllc or @goodfamilyinvestorsllc