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Real estate is a market sought after by so many, and for good reason: If done right, its returns will pay you back tenfold. However, many people’s dreams end there, whether due to a lack of money, knowledge, or confidence. In this episode of Business School, Sharran sits down with Jeff Thibodeau to ask the essential questions for anyone wanting to enter the real estate game. Buying your first property may seem impossible right now, but if you play the long game and stay committed, your vision will begin to form—brick by brick.
“Most good real estate deals are understanding one or two simple equations.”
– Jeff Thibodeau
In this Episode:
– One simple scenario that will make real estate seem less intimidating
– The concrete steps to enter the real estate game and transform your money into equity
– How to find and work with your ideal advisor
– The creative ways to overcome money troubles and make your first investment, and then another one
– How to build a support group critical to your success
What Nobody Tells You About Investing In Real Estate (Until It's Too Late) with Jeff Thibodeau Part 2
Click here to listen to this episode
Click here to visit the episode page on Sharran's podcast page
Sharran continues his conversation with Jeff Thibodeau, a modern real estate broker and investor, about how anyone can get into the real estate game. In this episode, they cover the traits of a good investor, how to get in and out of a deal properly, and how you can find deals where no one else will. Study hard, but then go work harder; do what others won’t so that, in the future, you can do what others can’t.
“If you can find stuff that other people are completely overlooking, then there’s deals everywhere.”
– Jeff Thibodeau
In This Episode:
– A recurring mistake that even the smartest people make
– The importance of the “buy box”
– The role of interest rates
– How to plan for any future
– What to look for in an investor
– How and when to implement your “exit strategy”
Here are the key strategies:
‣ The secret method to find stuff that people are completely overlooking so you can have unlimited deal flow for yourself
‣ Why you should have a “buy box”, how it will save you from a whole lot of pain, and more importantly the simple way to put it together without having to use a spreadsheet
‣ The “investor blind spot” that is a recurring mistake most investors make over and over again (and how to spot it, even if you can’t avoid it)
‣ Why real estate is not just about buying homes and renting them out, or just flipping a random house… and how you can use the philosophy to plan for literally “any future” (provided that you have the understanding of this one concept)
‣ If you are going to partner up with someone, then you need a framework on how to pick that partner. Specifically, how to look for a savvy investor and what are the red flags to be aware of.
‣ Among everything else that is a moving part, how to evaluate interest rates in a real estate investment and more importantly, what to do with the numbers don’t pencil for you.
‣ Finally, everyone talks about having a bulletproof plan to enter and exit an investment. We know the famous Mike Tyson quote, “Everyone has a plan until you get punched in the face”. That maybe the financial crisis, that maybe low rates at 0% or super high interest rates at 21%, that maybe the Oil Crisis, or that maybe a global pandemic… but how do you still build an “exit strategy” that makes you sleep well at night.
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