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The Best Ever CRE Show

JF2539: 100% Returns in 35 Months with Jimmy Edwards #SkillsetSunday

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7996 Ratings

🗓️ 15 August 2021

⏱️ 31 minutes

🧾️ Download transcript

Summary

Jimmy Edwards just closed his first full cycle deal in his college town, giving 100% returns in just 35 months. Today we’re getting down to the numbers and learning his exact step-by-step process for successful rehabbing and rebranding. Jimmy shares what he told investors when he found out how poor conditions actually were, 6 key things he did to let the community know there’s new ownership, and how he knew it was time to sell.  Jimmy Edwards Real Estate Background:  Previous episode: JF1421 Just closed on first full cycle deal - 2x multiple in 35 months, purchased at 50% occupancy, decreased to 38% occupancy, sold at 92% Full time multifamily investor Invested in 570 units Purchased, rehabbed, and successfully sold over 100 SFRs Based in Dallas, TX Say hi to him at: www.HighFiveMultifamily.com   Click here to know more about our sponsors: Real Estate CFO Services | ThinkMultifamily.com/coaching | Rent Redi | Rentify 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.

0:23.0

InvestHERCON is not just another real estate conference.

0:27.0

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. That's Invest Her, H-E-R-K-D-K-G-G-G-O-K-G-G-O-G-O-G-O-G-O-G-O-G-O-G-T-O-TO-G-T, and use the code 100 best ever to get $100 off your ticket.

1:05.0

It was really important on that deal to have a company that understands turning units fast and

1:12.0

construction and managing contractors and all that stuff

1:14.8

having the right construction management arm some property management companies

1:19.1

don't deal with that.

1:20.1

Quick disclaimer the views and opinions expressed in this podcast are provided for informational purposes only

1:25.7

and should not be construed as an offer to buy or sell any securities or to make or consider

1:31.2

any investment or course of action.

1:33.4

For more information go to best ever show.com.

1:36.8

I want to introduce to Ash Patel.

1:38.8

He's a full-time commercial real estate investor.

1:41.0

He's going to be doing the interview today and a lot of them moving

1:44.4

forward I'm still going to be doing interviews just not as many and he is going to

1:48.8

ask tough questions well still building rapport that way it's not awkward.

...

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