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The BetterLife Podcast: Wealth | Real Estate Investing | Life
This Predictable Investment Strategy Makes Her $50k per Home | Stephanie Betters
Nov 22, 2024
In this session, Stephanie Betters, a seasoned real estate investor known for her expertise in building and selling single-family homes, shares her journey of earning $50K per house. She discusses her focus on affordable homes for first-time buyers and the effectiveness of her build-to-sell model. Explore her strategies for managing over 50 new builds annually, enhancing profitability, and navigating market challenges. Stephanie also highlights the importance of efficient systems and innovative CRM tools in maximizing returns.
25:14
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Quick takeaways
- Delegating tasks to virtual assistants significantly enhances productivity, enabling investors to focus on scaling their businesses and personal lives.
- Focusing on building affordable single-family homes allows for a predictable profit model of $40,000 to $50,000 per house, minimizing risks associated with flips.
Deep dives
Importance of Delegation in Real Estate
Emphasizing the significance of delegation, a real estate investor reflects on the challenges faced when managing multiple roles within the business. Initially overwhelmed by tasks such as acquisition and property management, the transition to hiring a virtual assistant proved transformative. This change allowed for a greater focus on scaling the business and increased family time, highlighting that sharing responsibilities can lead to more effective operations. By centralizing efforts and leveraging external talent, investors can achieve more than when trying to manage everything alone.
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Listen to the best highlights from the podcasts you love and dive into the full episode