How would you navigate the turbulent waters of the real estate industry and come out not just surviving, but thriving? Today, we share the microphone with Kevin Shippy, co-founder of the behemoth that is Two Guys Take On Real Estate. With a portfolio boasting over 700 rental properties and 600 flips, Kevin invites us into the engine room of their operation, revealing how they've scaled their business, found the right partners, and achieved financial freedom.
This episode isn't just about wins, though. Kevin gets real about the chaos of their first decade in the industry and the challenges they've had to overcome. From dealing with non-paying tenants to making snap decisions to fill vacancies, it's a raw look into the journey these guys have taken. We also get a taste of their unique property acquisition process - complete with squatters and surprise occupants! It's a wild ride and a masterclass in resilience.
As we round things off, we dive into the nitty-gritty of real estate auctions, partnerships, and the balancing act required to keep things running smoothly. Kevin shares invaluable tips on how to navigate differing perspectives for a successful partnership. Plus, we explore the importance of understanding the responsibilities of a property owner, the potential of acquiring properties at auction, and why different mindsets are the secret sauce to success. Whether you're a seasoned investor or just starting out, prepare to walk away with a wealth of insights into the real estate investing world.
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