EP 258 – Should You Take Your Real Estate Business National or Stay Local?

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Show Notes

We’re making a major change to our real estate business — and it might surprise you. After years of managing both local and national operations, we’ve learned which business model brings more profitability and less risk.

In this episode, find out how we’re scaling down while boosting profits and what downsizing could mean for our future. We discuss the pros and cons of running a local versus national real estate business, how each has impacted our bottom line, and why we’re enjoying working in our business again. Hear why we’re making this bold shift and consider rethinking your own strategy!

 

Topics discussed:

  • Why we’re changing our business model (1:24)
  • Pros and cons of running a national real estate business (5:30)
  • The benefits of operating in local markets (7:44)
  • How profitability and risk changes as you scale (10:51)
  • The best way to leverage your business to build wealth (20:31)
  • Managing cash flow in your business (22:15)
  • When to stop delegating and get back to working (24:02)
  • Don’t trust these real estate gurus (27:15)
  • Preparing for the next real estate upswing (31:52)

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Links from the Episode

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

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If you’re an established investor with money to invest, but not the time, check out the Instant Investor PRO Program! https://collectingkeys.com/

Check out the Big Dan Energy shirt (and more!) in the Collecting Keys Merch Store: https://store.collectingkeys.com/

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:

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https://www.instantinvestorprogram.com/

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

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

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