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The Best Ever CRE Show

JF2036: Coronavirus vs AirBnBs With Joseph Prillaman

The Best Ever CRE Show

Best Ever CRE

Entrepreneurship, Investing, Business

4.7996 Ratings

🗓️ 30 March 2020

⏱️ 20 minutes

🧾️ Download transcript

Summary

Joe started off selling industrial equipment before going into real estate investing. In two short years, he grew his real estate portfolio to eleven units doing very well and now he is dealing with the novel coronavirus. Five of Joe’s eleven units are AirBnB’s, and in this unique epidemic, he is projected to lose a major part of his revenue if the coronavirus continues through the summer. Joe shares how he is preparing to survive this epidemic as a real estate investor.  Joe Prillaman Real Estate Background: 2 years of real estate investing experience  Currently has 11 units, 5 Airbnb’s, and 6 single-family homes From Carolina Beach, North Carolina Say hi to him at www.anchoredinvesting.com Best Ever Book: Ego is The Enemy           Best Ever Tweet: “We try to find out what we can reduce right now and any additional revenue streams we can find” - Joe Prillaman Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Did you know that within a decade women will hold $30 trillion in investable assets?

0:05.3

Yet somehow only 19% of women reported feeling confident in selecting investments that align

0:11.0

with their long-term goals. Our friends at Invest Her are out to change. that and it's happening June 2nd through the 4th in Austin, Texas.

0:23.7

InvestHircon is not just another real estate conference.

0:27.1

It's a transformational experience focused on real estate investing,

0:31.0

business strategies, and self-care tactics, all designed to help women take

0:35.5

control of their financial futures. Gain the knowledge and skills you need to grow

0:40.0

your portfolio and build a sustainable business all while connecting with over 500 women who are playing at the same level.

0:48.0

To learn more and to get your tickets, visit InvestHERCON.com today and use the code 100 best ever to get $100 off your ticket.

0:56.6

That's Invest Her, H-E-R-K-D-K-G-K-G-G-O-K-G-K-K-K-K-K-K-O-K-Kom,

1:00.6

Promo-Kod 100 best ever to get $100 off your ticket.

1:05.0

Your reputation will always proceed you in this business and tell everyone you know what you're doing.

1:10.3

It's all about being consistent and that includes being consistent with your emergency funds.

1:16.4

Make sure you have them.

1:17.4

If you're a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities in order to

1:26.0

qualify the sponsor in order to qualify the market that the property is in, then go to

1:32.0

best ever passive investor.com. My team and I created this site just for you so that there is a free resource available to you to learn about the questions to ask the things to think through

1:45.0

prior to investing in deals. So go to Best Ever Passive Investor.com

1:51.0

it's a free resource for you that was made just for you.

1:54.8

Best ever listeners today's guest is being interviewed by Theo Hicks. You know Theo

1:58.9

he's with us every Friday on follow-along Friday. You going to get a lot of value from this

2:03.8

conversation so with that being said let's get going.

...

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