Newsletter: August 5th, 2024

Aug 5 / Real Estate Investing School

Tip of the Week

Have an Exit Strategy

One should never buy a property without having multiple exit strategies. Take flipping for example. If you're just starting out or don't have a ton of extra capital, you want to mitigate your risk factors by buying properties that have good enough numbers to be a rental as well.If you're buying flips and the market tanks, but the property would be even or negative cash flow when rented out then you're most likely going to lose tens of thousands of dollars.

Flipping starter homes that are in the price ranges that can be rented out for solid cash flow every month allows you to either build wealth by keeping them as rentals or mitigate your risks when things go sideways.

Real Estate Investing School Podcast

179. Boutique Hotel Secrets from Blake Dailey

  • Blake Daley shares his journey from managing a single Airbnb to owning and operating a 130-unit boutique hotel across four states.
  • The discussion highlights the importance of modernizing hotel operations to maximize revenue and profitability in the boutique hotel industry.
  • Blake emphasizes the value of balancing intense work with personal life, especially during significant life transitions like leaving the military and starting a family.

Click Here to Listen to Episode #179

180. REAL DEAL: The Path to a $100k+ Pay Day with Morgan Broderick

  • Morgan and her husband secured a four-bedroom, two-bath property in Carbon County, Utah, after several price drops and negotiations.
  • They plan to invest $20,000 in rehab, aiming to sell the property by October with a potential profit of nearly $100,000.
  • Their success is attributed to persistence, networking, and creative funding solutions, including family support for financing.
Click Here to Listen to Episode #180

Coach Spotlight

Coach Jaden Connor

About Jaden
Jaden Conner is a licensed real estate agent and investor in Utah. He grew up in Logan, UT and graduated from Utah State with a double major in finance, and management information systems as well as a minor in real estate. Upon graduating from USU he went and worked for a wholesale company for the last 4 years where they specialize in finding off-market investment properties and has helped facilitate over 500 transactions here in Utah.

He is currently house hacking in Draper and loves helping other people buy investment properties, especially his students at REIS. When he is not building up his rental portfolio or helping others acquire rentals or flips, he enjoys spending time skiing, playing/watching sports, hanging out with his wife, his bernedoodle Alfie and friends and family.

Recent Accomplishments

  • Raised $5mm & helped acquire his first 65 lot development in Driggs, ID
  • Acquired his first commercial building in Ogden, Ut.
  • Acquired 2 seller finance deals in UT. 

Weekly Live Classes

This Week's Class

Come on Tuesday, August 12th at 12:00pm (MST) to set yourself up for success, and learn how to squash your fears in this REI Performance Coaching Class with Mindset Coach Andrew Devlin. 

Click Here to Learn More About This Class

Last Week's Class

Watch last week's class with Coach Chase and Coach Bailey where you'll learn about multiple different strategies and find the best strategy for you to get started and scale quickly!

Click Here to Watch