In this episode of the Get After It podcast, host Clay Velarde and Jonathan Velarde welcome Gideon Spencer, a successful real estate investor specializing in boutique hotels. Gideon shares his journey of prioritizing freedom in his career, the importance of team building, and creative financing strategies. He discusses the significance of understanding market demographics and the role of local knowledge in real estate investments. Gideon also reflects on his experience with a tech startup and emphasizes the value of community in building a strong team. The conversation concludes with recommended books for aspiring real estate investors.

Takeaways

Prioritizing freedom can lead to greater success.

Commercial real estate is accessible to everyone.

Creative financing can make complex deals work.

Building a strong team is essential for success.

Understanding market demographics is crucial for targeting.

Local knowledge can significantly impact investment success.

Bigger deals can lead to easier management and better returns.

Persistence and grit are key in real estate investing.

Community and networking can help find the right partners.

Investing in what you love can lead to a fulfilling career.

Chapters

00:00 Introduction to Gideon Spencer and His Journey

03:27 Prioritizing Freedom in Career Choices

06:05 Entering the Boutique Hotel Market

09:15 Navigating Off-Market Deals and Broker Relationships

12:14 Creative Financing Strategies for Real Estate

15:25 Renovation Plans and Market Positioning

18:16 The Importance of Local Presence in Real Estate

21:16 Scaling Through Partnerships and Teamwork

24:17 Balancing Active and Passive Income Streams

27:51 Navigating the Transition from W-2 to Entrepreneurship

28:52 The Journey of a Tech Startup

35:37 Building a Team for Success

37:28 The Importance of Networking and Collaboration

44:36 Finding Work-Life Balance in Entrepreneurship

48:33 Recommended Reads for Aspiring Entrepreneurs

Keywords

real estate, boutique hotels, seller financing, team building, market demographics, work-life balance, tech startup, investment strategies, property management, creative financing

Join Jonathan Velarde, founder of Parking Pros, as he discusses the history of Parking Pros and the daily grind of owning a valet parking & shuttle service.

Takeaways

Jonathan Velarde shares his military background and transition to entrepreneurship.

Parking Pros was founded to create a unique valet parking experience.

The company faced challenges during its first year due to COVID-19.

In 2021, Parking Pros achieved nearly a million in revenue.

The company services a wide range of events across Southern California.

Shuttle services are a key part of their offerings, especially for weddings.

Scaling the business involves expanding to new locations and partnerships.

Employee satisfaction is crucial for providing excellent customer service.

Marketing strategies include SEO and quick response times to inquiries.

The future vision includes acquiring more ongoing locations and expanding services.

Chapters

00:00 Introduction and Background

03:10 Starting Parking Pros

06:05 Service Offerings and Event Management

09:23 Scaling the Business

12:14 Marketing Strategies and Vision

15:07 Employee Care and Company Culture

18:24 Future Goals and Closing Remarks

In this conversation, Kassidy Warren shares his journey from the corporate world to real estate investing, highlighting the challenges of burnout and the importance of teamwork in managing boutique hotels. He discusses the concept of the 'velocity of money' in real estate, emphasizing the benefits of leverage, appreciation, and tax advantages. Cassidy also stresses the significance of networking, personal development, and maintaining a balance between personal and professional life. He outlines his ambitious goals for 2025, aiming to own $500 million in real estate and create unique, experiential properties.

Chapters

00:00 Introduction to Entrepreneurial Journeys

02:17 Transitioning from Corporate to Real Estate

06:20 Navigating Burnout in Short-Term Rentals

09:41 The Future of Airbnb: Surviving Models

11:21 Scaling Up: The Shift to Boutique Hotels

14:36 Sourcing Hotel Deals: Persistence is Key

18:28 Understanding the Velocity of Money

20:58 Understanding 401k and Tax Benefits

22:26 The Power of Cost Segregation and Depreciation

23:24 The Velocity of Money Strategy

24:45 Building Partnerships in Real Estate

25:43 Adding Value and Networking Effectively

26:58 The Importance of Following Up

28:36 Real Estate as a People Business

29:56 Balancing Personal and Professional Life

34:13 Managing Burnout and Building a Support System

39:11 Goals for 2025: Reach and Reputation

Taylor Johnson Joins the Velarde Brothers and discuss how she stays so consistent in her real estate sales, while maintaining a healthy lifestyle full of the things she loves to do! She is a business person at heart with a passion for traveling the world and providing value to others.

Connect with her

Instagram @taylorsellsstaug

The boys discuss their beginnings in real estate investing and how they have grown since. From lessons learned the hard way to serious wins during the COVID Era.

Clay & Jonny Discuss starting their Valet company during COVID ERA, Scaling the business quickly & being effective operators from clear across the country!

Banter on Bettering our bodies!