Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

E140: Producing Year One Profits - Spencer Hilligoss

E140: Producing Year One Profits - Spencer Hilligoss

FromThe Investor Mindset - Name Your Number Show [$]


E140: Producing Year One Profits - Spencer Hilligoss

FromThe Investor Mindset - Name Your Number Show [$]

ratings:
Length:
43 minutes
Released:
Aug 13, 2020
Format:
Podcast episode

Description

KEY TAKEAWAYS1. Passive is not always completely void of work... you still need to maintain a business model. 2. The most important rule to start with is: Look at the track record and values of your potential investors and managers. 3. Find someone to manage the deal that has been through a brutally challenging entrepreneurship challenge. This means they will respect your capital more. 4. Look for a partner that can help understand and find deals. 5. Before you invest you want to research: 1. Population growth in the city 2. Migration trends 3. Job supply and growth 4. Crime rate trend6. Look at the year on cash flow. Is the deal going to be able to produce operational profitability in the first year?7. You don't have to start as an active investor... you can start by investing with an operator, learning from them, and then moving into actually being active yourself.8. LIMFACTS - there's 3 limiting factors for every potential investor: Time. Capital. Expertise. Once you identify these limiting factors, you can decide which investing strategy is right for you.   LINKShttps://www.madisoninvesting.co/https://www.instagram.com/spencer_hilligosshttps://www.facebook.com/MadisonInvestinghttps://twitter.com/spencehilligosshttps://www.linkedin.com/in/shilligoss/
Released:
Aug 13, 2020
Format:
Podcast episode

Titles in the series (100)

What does it take to succeed when others fail? We explore the stories on Investing that you don’t often hear: The trials and challenges that lead to success and the Mindset it takes to make it. We’ll learn from some of the best investors and entrepreneurs, learning through fire-walking their experiences so we can each setup up our game and be our best self. We focus 80% on the motivation & mindset that leads to success, and 20% on the investing strategies & tactics that get us there. About The Host: Steven Pesavento Real Estate Investors & Entrepreneur has always been obsessed with understanding how we can think better, how we can be better and how we can do better. He fought against those limiting beliefs, that held him back and jumped in to Real Estate with no experience. By modeling the mindset & actions of leaders he looked up to, his Real Estate investing his business exploded, buying 150 houses in his first two years, over $22 Million in real estate transactions. Personal development for real estate investors. Model the top real estate investors, house flippers, multifamily syndicators, wholesalers and landlords. We invite guests from all industries to share their mindset with our incredible community. Join the insider club at: https://TheInvestorMindset.com IG @Investormindset https://Facebook.com/theinvestormindset