John Crutchfield shares his experience and insights on owning hundreds of rental properties. The session covers key strategies for acquiring, funding, and managing rental properties. John explains the BRRRR strategy, shares his criteria for good deals, and emphasizes the importance of treating property investment like a business. He discusses marketinga techniques, the role of virtual assistants, and the significance of making quality deals over high volumes. Additionally, John provides practical advice on what to avoid when searching for deals and highlights the best ways to secure properties through buyer-first strategies.
Episode Timeline:
00:00 Introduction to Owning Rental Properties
01:23 My Journey in Real Estate Investing
02:05 Understanding the Burr Strategy
03:17 Defining a Good Deal
06:47 Treating Deal Finding as a Business
14:01 Effective Marketing Strategies
18:05 Choosing a Consistent Strategy
18:16 Networking and Social Media Strategies
18:46 Effective Communication with Sellers
19:01 Identifying Seller Motivation
19:40 Overestimating Repairs and Timelines
20:42 Real-Life Seller Example
22:46 Positioning Yourself as the Buyer
23:17 Making Offers that Solve Problems
24:39 Utilizing Virtual Assistants
25:59 Finding and Using Lists
26:44 How Not to Find Deals
31:45 Making Enough Offers
32:29 Bonus: Finding the Buyer First
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