Real estate is a relationship-based business. As you establish more relationships within the industry, your job continues to get easier and today’s guest, Jay Simpson, is a prime example of that. With the help of his mentor, he has successfully flipped two houses and already turned one into a rental property.
The primary reason he got into real estate was because he wanted the time to be actively part of his daughter’s life — a freedom his W-2 didn’t allow. His ability to cultivate meaningful relationships is the reason he has been able to find so much success as a real estate agent and investor. Jay heavily emphasizes the role his mentor plays in his real estate career, especially given that when he was new to the industry, he needed someone to show him what the classroom couldn’t. His genuine nature got him his first sale, his first flip, and a continued relationship with his lenders.
Real estate has allowed him to not only free up his time but enjoy the time he has freed up, which to a family man like himself, is the dream. Investing is about more than building wealth, it’s about learning the value of time, especially because you can never get it back.
In This Episode We Cover
Getting your real estate license and how it can be the first step to investing
Working for a broker and what that means for your career as an agent
House flipping and the signs that indicate a great potential flip
How to estimate rehab costs as a first timer
The importance of a detailed scope of work and its benefits
The importance of being genuine and authentic with everyone you encounter
And So Much More!
Links from the Show
Real Estate Rookie Youtube Channel
Ashley's Instagram
Tony's Instagram
Real Estate Rookie FaceBook Group
Rookie Podcast 55: Combining House Hacking and Live in Flips with Tyler Madden
BiggerPockets Podcast
Zillow
Lowe's
16Personalities
Tony Robbins Website
BiggerPockets Bookstore
MLS
Apartments.com
Cozy
Buildium
rentredi
appfolio
BiggerPockets Forums
BiggerPockets Conference
Check the full show notes here: https://www.biggerpockets.com/rookie135
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