In this episode, Dr. John Crutchfield delves into the gritty truth of scaling a real estate portfolio, exploring the challenges and rewards that come with expanding your investment holdings. He shares personal anecdotes and insights gained from his own journey, shedding light on the complexities and pitfalls of growing a real estate business. Through candid discussions and real-life examples, listeners will gain valuable perspectives on navigating the highs and lows of scaling their own portfolios.
[00:48] Dr. John discusses the hurdles encountered by real estate investors when expanding their portfolio. He begins with a story about an investor, managing 20 units, who endeavors to scale up, recounting the difficulties encountered with inspectors and contractors along the way.
[02:35] Dr. John discusses the loss of control that often accompanies scaling, highlighting how managing multiple properties introduces new complexities and unforeseen issues.
[03:49] Dr. John emphasizes the challenges of scaling a large real estate portfolio, including managing systems and accountability, stressing the need for investors to hold themselves and others responsible for meeting deadlines and promises.
[07:48] Reflecting on past setbacks, Dr. John shares anecdotes of dealing with property damage and insurance claims, illustrating the resilience required to overcome obstacles in the real estate industry.
[09:15] Dr. John emphasizes the challenges of scaling a portfolio or starting something new, but highlights the freedom and opportunities that come with it.
[10:40] Dr. John encourages viewers to find communities and people who will support and motivate them to keep pushing forward.
Mentioned in this podcast:
https://www.facebook.com/groups/wealthinrealestate
Connect with Johnoson Crutchfield for coaching sessions at https://www.linkedin.com/in/grabthemap
If you are interested investing in real estate and make connections, shoot an email [email protected]. Read on some of our blogpost http://grabthemapllc.com/