Are you struggling to scale your real estate investing business? Feeling stuck in the weeds of day-to-day operations and unable to break through to the next level? In this eye-opening episode, we chat with Justin Oldham, a real estate investor from Tulsa, Oklahoma who is part of the Spark Equity Group.
Justin shares his incredible journey from being an aircraft mechanic to becoming a real estate entrepreneur closing 60-100 deals per year. The conversation dives deep into how Justin and his team are able to achieve such high volume, the key components of their team structure, and the mindset and systems that allow them to scale. Tune in to discover the strategies and tactics that are working for Justin and his team.
01:01 Justin Oldham's Background and Business Overview
01:57 Social Media and Networking Impact
04:35 Spark Equity Group and Business Operations
06:47 Justin's Journey Before Spark Homes
14:16 Team Structure and Roles
20:10 Exit Strategies and Market Adaptation
25:32 Cash Flow Management and Business Sustainability
27:21 Controlling Business Expenses
29:18 Marketing Strategies for Real Estate
31:49 Cold Calling and Lead Generation
34:50 Managing Overhead and Team Structure
41:07 Expanding to New Markets
47:41 Final Thoughts and Advice
Actionable Takeaways
Surround yourself with the right team members who are driven, ambitious, and aligned with your vision.
Set aggressive, measurable goals for your business and hold yourself accountable to them.
Focus on volume and scaling rather than maximizing profit per deal.
Leverage systems and processes like Traction to streamline your operations and drive consistent growth.
Key Quotes:
“If you're not aiming something, you're never going to hit it or even come close. So obviously, in single family, you have two options. In my opinion, it's either be a volume person or be a single operator, and you're doing those five flips."
“I don't really plan to steer my course away from this for a while. I would love to see this business become sustainable without me. You know, I haven't got it to that point where I feel comfortable where the famous quote, four hour workweek kind of thing, when it gets to that point.”
“I think, it'll free up that thinker's mindset. And I'll be able to do a little bit more planning, and what's next. I think for me, I'm I'm pretty happy where I'm at. I enjoy what I do, single family. It's fun. It's bread and butter."
Links Mentioned:
Spark Equity Group: https://www.facebook.com/SparkEquityGroup/
Facebook: https://www.facebook.com/justin.oldham.5
Instagram: https://www.instagram.com/justinoldham_/
If you are interested investing in real estate and make connections, shoot an email [email protected]. Read on some of our blogpost http://grabthemap.com/.