Ep #247: Preparing Your RE Investment Business For the Next Recession -- with Lee Kearney

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

Reit, Consultant, Syndication, Seniorliving, Retail, Kevinbupprealestate, Acquisitions, Realestate, Selfstorage, Donaldtrump, Assistedliving, Apartmentinvesting, Flow, Shoppingcenter, Kevinbupp, Coach, Investing, Kevinbuppflorida, Foreclosure, Realestateinvesting, Cashflowinvesting, Office, Business, Entrepreneur, Cashflow, Commercial, Real, Industrial, Education, Mergers, Trainer, Shortsale, Millionaire, Investments, Privatelending, Legacywealth, Funding, Podcast, Multifamily, Broker, Estate, Apartments, Commercialrealestate, Experts, Mobilehomeparks, Cash, Privatemoney, Valueadd, Hedgefund, Robertkiyosaki, Defaultedpaper

4.9 • 675 Ratings

🗓️ 24 September 2019

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode of the Real Estate Investing for Cash Flow podcast, Kevin brings in real estate expert, Lee Kearney. Lee’s business is primarily in single family residences and he’s one of the nation’s most active and successful investors. He is known to be a master at scaling real estate businesses.

In the podcast, Lee talks about how he got started in real estate. He tells the story of how he recovered from the financial crash and what he learned from it. Kevin talks about the importance of laying down processes and implementing management strategies for maximum returns.

Lee explains how he scaled his real estate business and how his team conducts and manages in-state and out-of-state deals successfully. Kevin and Lee discuss single family and commercial real estate with Lee sharing some marketing strategies and explains how to find opportunities in the market. They also discuss Lee’s prediction of an imminent downturn. Lee shares his philosophies on hiring employees.

QUOTES:

“I recommend to everyone out there, don’t start off trying to rehab houses out of your own market.”

“I learned a lot of things from the way institutions approach business, I’ve tried to institutionalize my business and I think that’s what makes us different.”

“Rather than chasing assets, I’m chasing sellers.”

“So I’m seeing a lot of new operators come in to the business and I think they’re over leveraged.”

“I focus on three things: systems, processes and people. All three are important.”

HIGHLIGHTS:

8:36 Lee’s background and his start in real estate

15:51 Businesses processes and strategies

18:06 Out-of-state deals and scaling the business

24:01 Marketing strategies in single family and commercial real estate

30:15 Lee’s predictions

36:21 Hiring and attracting new talent

Recommended Resources:

Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com
Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.
Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them click here
www.housingalerts.com
www.flipyourincome.com

Review and Subscribe

Transcript

Click on a timestamp to play from that location

0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.4	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.2	Get ready to celebrate because Kevin Bup has spent 14 years successfully making it happen.
0:21.7	This is the Real Estate Investing for Cash Flow podcast.
0:25.2	Now, here's Kevin Bup.
0:31.6	Hey guys, Kevin Bup here and I want to welcome you to another episode of the Real
0:35.4	Estate Investing for Cashflow podcast.
0:37.4	We're missions to help you build and maintain massive amounts of cash flow through income producing real estate investments.
0:44.1	Now, our guest for this week's show is real estate expert Lee Carney.
0:47.6	Now, Lee is one of the nation's most active and successful single-family real estate investors,
0:52.7	having flipped over 7,000 houses in the last
0:55.7	decade, totaling over $500 million in value. Now, additionally, Lee is also involved in many
1:02.3	different commercial projects and has become known as a master at scaling real estate businesses,
1:07.4	which is one of the many topics that we'll be covering in our interview today.
1:11.2	Now, Lee is also known as the leading expert in understanding and leveraging real estate market
1:16.2	cycles.
1:17.1	Now, on today's show, we're going to discuss how Lee is preparing his investments in overall
1:21.3	business strategies for the inevitable future recession.
1:25.1	And so with that, guys, I'm super excited to get on to the show with Lee,
1:27.9	but before we do, just have a few quick housekeeping items I like to run through, starting
1:31.9	off with the personal best. Last week, I had the honor of speaking at the North Star Real
1:36.3	Estate Conference up in Minneapolis. Now, there were some awesome networking opportunities,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Kevin Bupp, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Kevin Bupp and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.