Real Estate Rookie 4 Properties in 4 Years and Saving $40K on ONE Deal by Doing This w/Joe Schmitt
Aug 19, 2024
Joe Schmitt, an ambitious real estate investor, shares his journey of building a portfolio of four properties in just four years. He reveals how he creatively found extra income streams, tackled home renovations, and leveraged technology like AI to negotiate a $40,000 discount on a deal. Joe emphasizes the importance of visiting new markets before investing, using Accessory Dwelling Units (ADUs) to boost cash flow, and navigating the complexities of out-of-state investments. His insights will inspire rookies looking to thrive in today’s competitive housing market.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8 9
Intro
00:00 • 2min
Navigating Home Renovations and Contractor Management
01:57 • 2min
Transforming Properties for Profit
03:32 • 8min
Leveraging HELOC for Renovations
11:37 • 7min
From ADU to Out-of-State Investments
18:38 • 6min
The Importance of In-Person Property Visits for New Investors
24:40 • 2min
From Local to Out-of-State: An Investor's Journey
26:25 • 8min
AI in Real Estate Negotiations
34:36 • 6min
Engaging with Real Estate Community and Learning from Experience
40:47 • 3min