The real estate is a very high-risk, high reward business. Proper knowledge in how things work. In this episode of Grab the Map, Javier Hinojo talks about his humble beginnings on real estate, what he did to learn most of the knowledge he knows and how he does his business nowadays.
[1:57] Javier talks about how he started in the real estate business six and a half years ago. He mentions how a mastermind from 2 years ago inspired him to do more with his business. He ended up getting 696 doors within 2 years.
[4:16] He explains how hanging out and talking to people who does more business than him helped him out with getting more business too.
[5:23] Putting yourself out there and connecting with people will help you get what you need.
[7:20] Javier talks about not having met people yet who made it while doing real estate on the side apart from their full-time job.
[9:57] Javier says that if you want to do something, why wait? Why waste the opportunity to start immediately? That what you should do need to depend on what you believe you can do
[11:19] Investors with lots of experience who coach people who want to learn about the business forget to teach the very basics and fail to mention the simplest stuff because they believe they're way beyond it. Unfortunately, that doesn't apply to beginners, and you will be confused with everything, Javier says. He also mentions that you really do have to spend less time with your family if you really want to become successful and quoted “If you can't get in the room, serve water”, implying to throw yourself out there and meet more people because he believes that that's the key to networking and building confidence.
[14:22] Javier talks about his decision-making process in his deals. He says that he has five checkboxes and that if it checks at least 3 boxes then he's absolutely going to buy it. No emotional attachment.
[15:31] Javier answers the question about a favorite project he's done lately. He reminisces about buying a unit building in Houma, Louisiana where they made a very good profit and things have been looking good so far.
[18:39] His wife wasn't involved a lot in multifamily just in single family, Javier says. Nowadays though, she has been staying at home with the kids because she likes it, which Javier says he is fine with.
[20:56] Javier mentions how the biggest thing for him is the people he gets to network with. The connections and friends he made through it is very cool to him.
[24:23] The two things Javier want to leave with is the first step: that you should believe in yourself that you can do it in the first place. Another is to hang out with the right crowd. Once you do these two things then you are good to go.
[25:08] Javier talks about meetup events in Raleigh and Cancun.
Connect with Javier Hinojo on Instagram https://www.instagram.com/javierhinojojr, on Facebook https://www.facebook.com/JavierHinojoJr or through his website https://javierhinojo.com