Investing in Real Estate While Overseas - The Real Estate Syndication Show Podcast
In this episode, we share that we found an opportunity in real estate when the Covid-19 pandemic hit in 2020. Since then, we have done everything online/virtually. We also talk about the challenges of investing in real estate while living abroad and how we overcame those. Through time blocking, due diligence, and discipline, along with having the right mentor, chnages everything.
Key Points From This Episode:
Michael and Suzy talk about their first deal – how did they find it?
How the Covid-19 pandemic created an opportunity for Michael and Suzy to start investing in real estate?
Michael and Suzy elaborate on the things they did to be able to seal their first real estate deal while overseas.
Michael and Suzy’s tips on how to be successful in time blocking – be disciplined with your time, allocate the correct amount of time that is needed and figuring out you’re your green zone is.
The biggest thing that had to happen when Michael and Suzy are sealing their first deal – finding a mentor.
When do you know that you found the right mentor fit for you?
Michael and Suzy share the challenges they face while doing their first deal.
Michael and Suzy detail the business plan they have when they are closing their first deal.
How did Michael and Suzy raise the money for their first deal?
Michael and Suzy share how they generated 600 calls in four months to raise money for their first deal.
The things that helped Michael and Suzy nurture their relationships with investors.
What would Michael and Suzy have done differently knowing what they know now?
How do Michael and Suzy prepare for a downturn?
Michael and Suzy’s predictions in the real estate market over the next six to twelve months.
The daily habits that helped Michael and Suzy achieve success.
Michael and Suzy’s best source for meeting new investors right now.
The number one thing that contributed to Michael and Suzy’s success.
How do Michael and Suzy like to give back?
How did Michael and Suzy find the meet-up they are attending?
Memorable Moments!
“I think the biggest thing is, you just have to be disciplined with your time. Like your time is the most valuable resource and people tend to waste that more than anything.” [0:06:13]
“Give yourself the correct amount of time that is needed.” [0:06:39]
“Another thing is figuring out when your green zone is. And what I mean by that is like when you are at the peak of your creativity, so if that’s in the morning, then I would try to time block some of your most prioritized times in the morning.” [0:07:03]
“The driver behind our success was probably finding a mentor that was in the specific market in the specific submarkets that we were looking at, and he had assets in that area.” [0:08:13]
“If you don’t see yourself, and your mentor shares in the next X number of years, then that’s not the right mentor for you.” [0:09:33]
Listen above or however, you choose to listen to podcasts! There is so much to learn in multifamily investing, it is never-ending but always so valuable. Please do not hesitate to reach out.
Until next time...
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