Ep14: 3 Things That Can Kill Your Real Estate Business - Marco Kozlowski
Big Fat Real Estate Checks
Marco Kozlowski
5 • 957 Ratings
🗓️ 14 October 2020
⏱️ 34 minutes
🧾️ Download transcript
Summary
Real estate investing is often seen as a risky endeavour, this holds true especially when you are ill prepared. However, with the right preparation and knowledge you can navigate these shallow waters with ease. In this episode, we cover 3 main things an investor should be aware of and the pitfalls they need to watch out for.
WHAT YOU’LL LEARN FROM THIS EPISODE
- How to buy below wholesale.
- Why it's important in real estate to buy things at the best possible price?
- Your management is your connection to your whole business.
- How bad management could affect your business?
- How to minimize risk with management teams?
- How to manage your management team?
- Do not self manage properties due to one bad experience with property managers.
- Be proactive, not reactive when something goes wrong.
- How to protect your asset properly?
- Buying property in your name is the worst way to protect it.
- Try to protect your assets from the very beginning.
RESOURCES FROM THIS EPISODE
Click here for the free quick start course "Get Deals By Tuesday" Masterclass.
CONNECT WITH US
- Email: [email protected]
- Website: https://marcokozlowski.com
- Facebook: https://www.facebook.com/realmarcokozlowski/
- Instagram: https://www.instagram.com/marco.kozlowski/
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Buying a property in your own name is the worst way to do it. You don't want to do that. |
| 0:03.4 | For multiple reasons. If you own an asset in your own name, if you own your house in your name and you own your car in your name, |
| 0:10.1 | the cars in your name, you're responsible, if your house is, for example, paid for, the person could sue you and you could lose your house. |
| 0:18.5 | Welcome to the big fat real estate checks podcast with Marco Kislowski where we help investors like you |
| 0:26.1 | get the knowledge and skills you need to replace your J-O-B with passive cash flow for life. |
| 0:33.0 | Hey Marco here, I really wanted to share with you our earlier |
| 0:37.1 | podcasts that we created. |
| 0:39.0 | Now our mics were not the best, but the content was really strong. |
| 0:43.5 | And I know you will learn a lot. |
| 0:46.3 | We had an absolute blast recording this and I know you're absolutely going to love it as much |
| 0:51.4 | as we loved recording it. This extremely content-rich |
| 0:54.8 | information will not only give you the edge in your real estate investing |
| 0:59.3 | business but in everyday life. enjoy. Hey guys, on this episode, we're going to discuss the three things that will absolutely |
| 1:07.8 | destroy you, kill you, and really fuck you. |
| 1:10.8 | The only word in the English language that can really describe what can happen if you do not do or do one of these things. |
| 1:20.0 | Anyway, these are the three things that are completely fuck you if you aren't careful. |
| 1:23.2 | That's kind of... In real estate. Yes, in real estate. |
| 1:27.4 | Specifically... Not in life in general, there's more than three things. Yes, but in real estate if you screw one of these three up, then you're kind of fucked. |
| 1:34.0 | So number one is buying it incorrectly. |
| 1:37.5 | So most dangerous one. |
| 1:40.0 | Absolutely, and it's one that I think most get into is they don't buy below wholesale |
| 1:44.9 | you again you want to go over Costco shops if you want to open up your own |
... |
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