Ian Horowitz, experienced RE investing business owner, shares insights on his journey in various types of real estate investing, the lack of control in stock market investing, and the importance of surrounding yourself with the right people. He discusses societal pressures, building a team, and the transition to self-storage investing. Delegation and the benefits of mastermind groups are also highlighted.
Positive thinking and taking risks are essential for success in real estate investing.
Building a strong team and delegating tasks leads to improved work-life balance and increased business opportunities.
Transitioning from single-family houses to commercial real estate and self-storage can diversify and expand real estate portfolios.
Deep dives
Moving from Real Estate Hobby to Full-Time Business
Ian Horowitz shares his journey from starting in real estate investing as a side hobby to transitioning it into a full-time business. He explains how his motivation and positive thinking played a major role in his success, along with hiring the right team members, such as his business partner and operations manager. Ian emphasizes the importance of taking risks and being willing to swing the bat in order to achieve success in real estate. He also highlights the impact of quitting his job and dedicating his full attention to growing his real estate portfolio, leading to improved work-life balance and more time with his family.
The Power of Delegating and Building a Team
Ian discusses the importance of building a team and delegating tasks to employees in order to achieve growth and success in real estate. He believes that having the right team members in place allows for increased bandwidth and the ability to take on more business opportunities. Ian explains that rather than having a personal assistant, he relies on his team to handle various tasks and responsibilities, allowing him to focus on high-level business operations and strategic decision-making. He emphasizes that having a strong team enables him to balance work and personal life more effectively.
The Journey from Real Estate Hobbyist to Full-Time Business Owner
Ian Horowitz shares his personal journey of transitioning from a hobbyist real estate investor to a full-time business owner. He highlights the role of motivation and positive thinking in his success and emphasizes the importance of taking risks and being proactive in pursuing opportunities. Ian also discusses the significant impact of quitting his job and dedicating himself to growing his real estate portfolio, leading to improved work-life balance and more quality time with his family. He credits hiring the right team members and delegating tasks for enhancing efficiency and expanding his business operations.
Transitioning from Single-Family Houses to Commercial Real Estate
The podcast episode discusses how the hosts successfully transitioned from focusing on single-family houses to commercial real estate. They highlight their proficiency in single-family houses, including renovation, project management, hiring, and financing. This expertise allowed them to build a portfolio of 100 houses and expand into small commercial properties. In 2019, when they faced market challenges, they decided to shift their focus to operations and explore new opportunities in commercial real estate.
Exploring Self-Storage as a New Asset Class
The hosts explain how they ventured into the self-storage industry. After attending events and researching different asset classes, they were captivated by the potential of self-storage. They realized its scalability and the opportunity to diversify their market beyond Baltimore, Maryland. The hosts were attracted to self-storage due to the ease of understanding the business model, the ability to build new facilities, and the flexibility it provided to expand their real estate portfolio. This pivot into self-storage allowed them to explore new profit centers and broaden their wealth-building strategies.
You don't want to miss this episode as Ian Horowitz gives us a peak behind the scenes of his RE Investing business and his journey over the past decade. He shares a ton of insights, opinions and actionable items that everyone can take away whether you're an experienced RE Investor, new investor, entrepreneur, or just someone looking for improvement.
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