In this episode Andrew and Michelle candidly share their experiences in the world of real estate, highlighting both their best and worst deals.

They begin by recounting their most successful project, the Glenwood property, discussing the seamless renovation, quick sale, and its significance as their first full-time investment after leaving their day jobs. The hosts also delve into the changing landscape of the real estate market.

They then candidly share the lessons learned from their worst deal, the Margrave property, emphasizing the importance of evaluating properties meticulously and the significance of market timing.

Listeners gain valuable insights into the highs and lows of real estate investing and the valuable lessons learned along the way, making this episode an educational and engaging listen for anyone interested in real estate investment.

• Introduction:

  • The episode is part of the R e I Deal Finders podcast, focused on helping listeners find real estate deals and discussing strategies.
  • Hosts Andrew and Michelle introduce themselves and their topic for the day: sharing their best and worst real estate deals.

• Best Deal - Glenwood:

  • Andrew and Michelle discuss their best real estate deal, Glenwood, which they began in 2019.
  • Highlights of the deal include a smooth renovation, adding value by improving the property, and selling it quickly with an over-asking offer.
  • They reflect on how this deal marked a significant milestone as it was their first flip after transitioning to full-time real estate investing.

• Discussion on Real Estate Market Landscape:

  • The hosts discuss how the real estate market landscape has evolved, including changes in competition, renovation strategies, and the importance of landscaping.

• Andrew's Best Deal - Their Office Property:

  • Andrew highlights their office property as one of his best deals due to its versatility and multiple purposes.
  • The property serves as their office space, has tenants below, and is an investment that aligns with their long-term strategy.

• Worst Deal - Margrave:

  • The hosts dive into discussing their worst real estate deal, Margrave.
  • They describe the property's potential and its challenges, such as multiple additions, outdated features, and a problematic staircase.
  • The deal took unexpected turns and ended up being a lesson in evaluating properties and understanding market dynamics.

• Takeaways from Worst Deals:

  • Andrew and Michelle emphasize the importance of learning from their mistakes and how it shaped their business decisions.
  • They touch on their shift away from traditional wholesaling towards the installment method for acquiring properties.

• Conclusion and Looking Forward:

  • The hosts conclude by encouraging listeners to pick their real estate partners wisely and emphasize the value of experience and learning from mistakes.
  • They mention their resources available at dealfindersclub.com/resources for further education and tools.

• Closing Remarks:

  • Andrew and Michelle thank the listeners for tuning in and express their willingness to help answer any questions.
  • They invite listeners to check out dealfinderdata.com for real estate data needs.