291: How to Build a Business That Helps Find Deals Before Anyone Else with Neal Collins
08.09.2018 - By BiggerPockets Real Estate Podcast
Are you struggling with finding deals in today’s market, where the best properties go fast? On today’s show, we interview Neal Collins, an investor in the red hot Portland Oregon who has figured out a way to find deals before anyone else even sees them! Neal shares the brilliant strategy he’s created to build a world where the best deals find him.
In this show, you’ll learn how Neal was able to find a 4-plex to house hacked—and how he made an additional $8-10k a month, as well as how he built a property management company and real estate brokerage (hint: he created an army of deal finders that get paid to make him money and find him deals) where he does none of the work but reaps all of the profits, and his brilliant, simple strategy for raising private money than anyone can replicate (he really hits the nail on the head with this one).
If you’re looking for a solid, profitable, and step-by-step process to make money and build wealth with real estate, you won’t want to miss how Neal did just that!
In This Episode We Cover:Neal’s journey to real estate investingHow he accidentally got into seller financingThe importance of being able to pivot and change investment strategiesThe kinds of properties he looks forHis thoughts on Airbnb and short-term rentals in generalHow he got into managing other people’s propertiesHis experiences managing 200 units and owning a brokerageThree things every investor looks for: returns, security, and customer serviceAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBrandon’s InstagramDavid’s InstagramGoBundanceAirbnbProperly (App)BiggerPockets Youtube ChannelBe a Guest on the PodcastBooks Mentioned in this ShowLong-Distance Real Estate Investing by David GreeneConfessions of a Real Estate Entrepreneur by James A. RandelShoe Dog by Phil KnightFire Round QuestionsHow do you reset for your next short term rental guests?What “extra” amenities do you provide to make the stay special?I wanted to know if anyone has a solution for reducing the time it takes to get through turning over linens in your short term rentals?I’ve read that some experts present themselves to tenants as the property manager, not the landlord.Tweetable Topics:“They talk about the numbers, but they are not talking about the work.” (Tweet This!)“You have to leverage other people’s time and experience or build systems so that you can leverage your own time to do that.” (Tweet This!)“The deals are not going to come to you. If you’re not consistently swinging the bat, you’re not going to hit the ball.” (Tweet This!)Connect with NealNeal’s BiggerPockets ProfileNeals Company WebsiteEmail NealNeal’s LinkedIn ProfileNeal’s Facebook ProfileNeal’s Company Instagram Profile