All Forum Posts by: Jeffrey Holst

agree on the BRRR I just cringe when i see someone who has never rehabbed a home and thinks they can read a book and then build some team all the way across the country.. some will do ok others are going to get a serious lesson..

@Jeffrey Holst. The question is did listening to podcast numbers 150-310 stop you from putting it into practice and achieving your own goals?! I've definitely listened to over 100 myself and I found that to be incredibly educational, but also limiting my time and making it real easy to NOT be working on REI of that makes sense.

Off the cuff thoughts to follow. :)

1) Hasn't been updated in a while, but check this out. 

3) I'm usually a critic of Grant Cardone, but in the case of the notion that there's something wrong with him being a salesman... who here isn't in sales? You don't put those countertops in that rental because you're generous, you do it because you think it'll let you 'sell' a higher monthly rental 'price.' We can even get more meta than that; the folks running this very website sell monthly 'pro' subscriptions, so they're in sales too. Ever ask for a pay raise at a W2 salaried job? You're selling the value of your services. (Weird semi off topic rant incoming) Facebook recently decided that I'm a lawyer (wtf???), and now all my Facebook ads are about how to market and sell my legal services to more clients for my law firm (which doesn't exist). A takeaway for me has been that these "Sell your legal services to more clients! Click to find out more!" ads are 0% more sophisticated or fancy now that I'm (evidently) a "lawyer" selling my services than when Facebook thought I was various other things. Lawyers in private practice are salespersons too (they go out of business if not); and I'm guessing that if Facebook decided I was a doctor or dentist in private practice that there would again be the exact same sales-focused advertisements with very minor modifications compared to if Facebook thought I was selling cars or cell phones or insurance or "get rich quick in real estate" guru courses or (like Cardone) REITs and coaching. 

4) Honestly, from what I've seen, BRRRR is spoken about much more frequently than it's successfully executed. This could be due to supply/demand for skilled labor in the Bay Area, but mostly it looks like it's a game best played by general contractors (or others with access to cost effective below-retail-prices skilled and semi-skilled labor). That could be totally different in a market where skilled and semi-skilled labor sells (oh look that word again :P) for less than in my area.

9) This is true. I occasionally speak with someone demanding that I "justify" why they should devote all of their capital & time to investing in real estate when they get 45% CoC ROI on the Widget business they run, or they're an amazing stock picker and kill it picking stocks and timing the stock market. I have nothing to justify... If you're Warren Buffett or Bill Gates, or have some other high profit specialization that you're amazing at and have invested years in developing to a very high level, then doing that may very well be the best thing you can do with your time, way better than real estate, and I wish you the best of luck!

I can't express how much envy I have in regards to the feet of all the podcasts in one year. I attempted something similar last year and made it to about 50 over three months and then [enter excuse year]. Books are more my speed I guess because I can stack them on the shelf afterwards.