Episode 16 Part 2: What Nobody Tells You About Investing In Real Estate (Until It’s Too Late) with Jeff Thibodeau Part 2

Episode 16 Part 2: What Nobody Tells You About Investing In Real Estate (Until It’s Too Late) with Jeff Thibodeau
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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. 

Connect with Jeff Thibodeau

Website

LinkedIn

Facebook

Instagram

YouTube

Connect with Sharran:

Website

LinkedIn

Facebook

Instagram

Twitter

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