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Live Q&A - 70% Rule, Short Term Rental Automation, and How to Work with Contractors
Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Facebook Live Question and Answer sessions. I just started doing these live forums in April and they are going so well and I am getting such great feedback and questions, I thought I would share them here on the podcast. Especially for those people that are unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more! Some of the questions have been very real estate specific, but others have been general business questions, like asking about overcoming fear in order to get started and how to successfully scale. I have also received more personal questions like how I decided real estate investing was right for me and the steps I took to get my business off the ground.
This presentation is the live Q&A that I did the week of March 23rd and each Thursday we will offer you another chance to take advantage of listening to the answers to our guests’ fabulous and compelling questions! Don’t miss this new episode of the Just Start Real Estate Podcast!
Notable Quotes:
“You need to push on the pain point a little.”
“If a seller has motivation, it is another way of saying they have pain in their life and selling you their house is going to remove that pain.”
“You should always be trying to expedite everything you do.”
“If your short term rental tenant has nothing to complain about, you won’t be getting calls.”
“The reality is that right now contractors have more work than they know what to do with.”
“A lot of contractors have short term thinking.”
“With contractors, what is in your control is how you treat them.”
“Many times, contractors will grab the money at the expense of a relationship.”
“The 70% rule was designed to get you in the ballpark.”
“In this hot market, it is hard to make the 70% rule stick.”
Links:
7 Figure Investor
7 Figure Flipping
Return on Investments
Just Start Real Estate
JSRE on Facebook
Mike on Facebook
Mike on Instagram
Mike on LinkedIn
Mike on Twitter
Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months
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By Inspiring interviews with today's most successful real estate investors!
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Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Facebook Live Question and Answer sessions. I just started doing these live forums in April and they are going so well and I am getting such great feedback and questions, I thought I would share them here on the podcast. Especially for those people that are unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more! Some of the questions have been very real estate specific, but others have been general business questions, like asking about overcoming fear in order to get started and how to successfully scale. I have also received more personal questions like how I decided real estate investing was right for me and the steps I took to get my business off the ground.
This presentation is the live Q&A that I did the week of March 23rd and each Thursday we will offer you another chance to take advantage of listening to the answers to our guests’ fabulous and compelling questions! Don’t miss this new episode of the Just Start Real Estate Podcast!
Notable Quotes:
“You need to push on the pain point a little.”
“If a seller has motivation, it is another way of saying they have pain in their life and selling you their house is going to remove that pain.”
“You should always be trying to expedite everything you do.”
“If your short term rental tenant has nothing to complain about, you won’t be getting calls.”
“The reality is that right now contractors have more work than they know what to do with.”
“A lot of contractors have short term thinking.”
“With contractors, what is in your control is how you treat them.”
“Many times, contractors will grab the money at the expense of a relationship.”
“The 70% rule was designed to get you in the ballpark.”
“In this hot market, it is hard to make the 70% rule stick.”
Links:
7 Figure Investor
7 Figure Flipping
Return on Investments
Just Start Real Estate
JSRE on Facebook
Mike on Facebook
Mike on Instagram
Mike on LinkedIn
Mike on Twitter
Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months
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