In this debut episode of the Collecting Keys Real Estate Investing Podcast, we talk a bit about what we do as real estate investors, the challenges we encounter, and the lessons we learn in a typical week. We also share our goals and intentions of Collecting Keys and what we hope to share with you in future episodes.

Tune in to learn how real estate investors differ from real estate agents, how labor shortages are impacting home renovation costs, and why we invest in traditional rentals rather than single family rentals. Plus, we shed light on the luckiest deal we’ve ever closed and the dangers of picking the wrong contractors!

Key Points From This Episode:

• The goals and intentions of Collecting Keys. [00:45]
• Recapping October and this week & Comparing the scale of our contracts. [01:40]
• Mike shares his concerns with a mobile home seller & The ethics of executing foreclosures. [03:22]
• How we execute deals as real estate investors & Why we’re different from realtors. [06:37]
• Daniel talks about his short-term rental renovation and picking the right contractor. [11:15]
• How labor shortages are impacting investors and home renovation costs. [13:19]
• Why we invest in traditional rentals and student rentals & Issues with renting single family homes. [17:40]
• The oddest, luckiest deal we’ve ever closed. [22:31]
• Lesson learned from last week: How do we better pre-screen the leads we get from our marketing efforts? [24:41]
• Lesson learned from last week: Be willing to say “no” to what’s not worth your time. [26:57]
• Lesson learned from last week: Sometimes end buyers can be shady! So be upfront. [27:32]
• It’s likely you’re going to come across skittish individuals with trust issues. [31:50]

Tweetables:

“That’s what we do, we match a solution that’s mutually beneficial… We have so many levers we can pull. The better you get at this business, the more levers you learn how to pull. It’s unlimited.”— Dan Austin [0:07:28]

“You’ve got to be in the game to win anything.” — Dan Austin [0:23:31]

“People need to keep in mind: whenever you listen to any media, especially the ones that are trying to sell you success or easy money… the numbers that they give you I guarantee are super inflated.” —Michael DeHaan [0:24:05]

1Check out the FREE Collecting Keys “Sub To Transactions” Master Class!

https://collectingkeys.com/subto

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Download the FREE 5-Step Guide To Generating Off Market Leads here: https://collectingkeys.com/resources/

If you are interested in learning from Dan and Mike to receive coaching and learn how they built their business, head to https://collectingkeys.com/keyscon-2023/ and see if you are a good fit for the mastermind group!

Collecting Keys Podcast Resources:

https://collectingkeys.com/

https://www.instagram.com/collectingkeyspodcast/

https://www.instantinvestorprogram.com/

https://www.instagram.com/mike_invests/

https://www.instagram.com/investormandan/