EP 15 – Top Tip to WIN in a Competitive Market

How do you compete with established real investors in a competitive market? Tune in to learn how! In this episode of the Collecting Keys Real Estate Investing Podcast, we share our top tips and tactics for investing in real estate and finding success in a competitive market. We also break down the first step to investing in real estate, how we coach and partner with new investors on their first deal, and why you need to determine the lifetime value of each relationship you’re building as an investor.

You’ll also gain insight into how we approach remodeling and designing rentals and flips, why timing and responsiveness are so important in landing deals, and 3 methods anyone can use to build wealth.

Key Points From This Episode:

• Is it worth marketing during the holidays? [01:18]
• What we’re working on right now & We got our second contract of the year! [01:47]
• How we partner with new investors on their first deal & What it’s like flipping old houses (100+ years old). [06:05]
• The first step to real estate investing for beginners. [10:07]
• Update on our current flip [11:36]
• How to WIN in a competitive real estate investing market. [12:32]
• What does a real estate investor’s work schedule look like? Is it flexible? [16:55]
• Should we start remote coaching for new real estate investors? [21:07]
• Why is it important to get leads quickly? [22:13]
• Is it hard to flip a house with no experience? Is wholesaling a better option for new investors? [23:42]
• 3 ways to build wealth. [26:41]
• Why you need to determine the lifetime value of the relationships you’re building. [29:00]
• Don’t be afraid to spend money to learn – like on mastermind groups. [31:34]

Tweetables:

“If you want to take this seriously and compete with the people that are already established, one of the easiest ways to remain more competitive… is being responsive and really jumping on when new opportunities come up and not procrastinating.” — Michael DeHaan [0:13:49]

“If you’re going to spend the money, have the systems in place to follow up and to be jumping on things immediately.” — Michael DeHaan [0:15:53]

“If you’re working in the real estate industry, you don’t work on a clock. You work when you’re customer, when your clients, when your sellers, when your buyers are working… If you can’t you’re going to miss quite a few opportunities.” — Dan Austin [0:16:59]