In today's episode, Brian and John talk about the beginning of their partnership, how they came to know each other, how their partnership was formalized, what it’s like starting their own real estate venture and a lot more. Tune in to know what their goals are for 2018 and why rental properties are a big part of their plans.
Comment below and let us know what you think about today's episode and don't forget to rate us on iTunes!
This Episode is Sponsored by
Core Rentals offers full service, residential property management in Columbus, Ohio and surrounding areas. They are equipped to handle single-family and multi-family homes. Visit CoreRentalsOhio.com today to have the day-to-day operations of your rental property handled by professionals.
Covered Topics:
- Podcast Introduction
- Hosts Background and Story
- Goals for 2018
- Using rental properties for long-term cash flow
Show Notes:
00:01 – Introduction to the podcast
00:39 – Brian’s experience moving to Columbus and meeting John
01:41 – John’s life in Columbus
02:16 – Formalizing their partnership
04:06 – Wholesaling and flipping houses in 2014 and 2015
04:27 – Brian and John’s shared goal
05:03 – Why they decided to buy rental properties
07:14 – One issue they had in the properties
08:26 – Hiring their first employees
11:24 – Flipping, selling, and acquiring houses in 2017
12:28 – Hiring more employees and moving to a larger office
14:04 – 2018 Goals: Buy 80 rental units & flip 40
14:44 – Buying rental properties for long-term cash flow
16:46 – Deciding to be aggressive
19:17 – Acquiring credit line with real estate investing companies
20:26 – Brian and John shares why they created this podcast
Josh’s Tip of the Week: When negotiating over the phone before seeing a property, make sure to give a price range to the seller
Topic Takeaways
- Be intentional in making decisions in business.
- Selling everything you buy will not gain you wealth, just profits.
Tweetable Quotes
“The goal here is not to keep working for the rest of our lives, the goal is to create some sort of a solution that eventually we’re taking an income when we’re not working.” (Tweet This!)
“We realized we’re not going to build any sort of wealth selling everything we buy.” (Tweet This!)
