Ryan and Max, land business partners, share insights on partnering, time management, and running multiple businesses together. They discuss their background, competitive nature, and understanding each other's strengths. Topics like building a cryptocurrency trading app, customer support challenges, and an efficient mailing strategy for real estate acquisition are also covered.
Effective communication, accountability, and setting deadlines are crucial for a successful partnership in real estate investing.
Automation and efficient systems play a vital role in managing time and scaling a real estate investing business.
Deep dives
Overview of the Podcast Episode
In this episode of the REI Conversion Podcast, the host, Jesse Kwong, interviews special guests Ryan and Max, founders of priced.com. The focus of the discussion is on time management, partnerships, and running a scalable real estate investing business. The episode is packed with insights and strategies for automating and streamlining various aspects of the business, including land investing. The episode is brought to you by REI Pebble, a platform for managing land investing businesses. Through their conversation, the guests share their personal journey, the challenges they faced, and how they built a successful partnership that leverages their individual strengths. They discuss the importance of communication, goal-setting, and holding each other accountable. They also highlight the significance of using tools like priced.com to automate processes related to data analysis, mailing campaigns, and property valuation. Overall, this episode provides valuable advice and practical tips for real estate investors looking to optimize their businesses and achieve their investing goals.
Time Management and Partnerships
Ryan and Max, the founders of priced.com, share their experience of balancing their real estate investing business with their full-time roles in the Air Force. They discuss the challenges of time management, emphasizing the need for efficient systems and automation. They highlight the importance of partnerships and finding a compatible business partner who shares the same goals, values, and work ethic. They share their own journey of partnering up, starting with a fun project and gradually formalizing their partnership as they realized their compatibility and complementary skills. They stress the significance of effective communication, accountability, and setting and meeting deadlines as essential practices for a successful partnership.
Automating Land Investing Processes
Ryan and Max discuss the key aspects of land investing and how they leveraged their technical skills to automate various processes. They explain how they developed priced.com to address the manual steps involved in the land acquisition and marketing process. They highlight the features of priced.com, such as its data analysis capabilities, streamlined mailing campaign management, and comprehensive property valuation tools. They also discuss the advantages of outsourcing tasks like due diligence and property selling to real estate agents, allowing them to focus on scaling their business and reducing workload. They emphasize the importance of scalability, efficiency, and leverage in real estate investing.
Achieving Success in Real Estate Investing
Ryan and Max candidly share the realities of real estate investing and the hard work and dedication required for success. They caution against the misconceptions and glamorous image often associated with real estate investing. They stress the importance of perseverance, continuous learning, and adapting to change. They acknowledge that success takes time and highlight the importance of aligning goals and setting realistic expectations. They encourage aspiring real estate investors to focus on building efficient systems, leveraging technology, and embracing a long-term, disciplined approach to achieve sustainable success.
Ryan and Max are land business partners (and also run Prycd.com) have been through starting up several businesses together and have a few insights to share if you're thinking of starting a land business with a partner.
Both growing up with each other, both having a competitive side, and both being in the airforce - they have learn to understand each other's strengths.
Listen as these 2 share their stories, insights, and how they are currently managing a full time job, time zone differences, and running 2 businesses together!
Listen to this episode:
types of land Sarah deals with
why she uses signs to sell
other offline strategies while she's visiting her properties
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