The Secret Sauce to Owning Mass Amounts of Single Family Units

Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

Wealthy Investor - Real Estate Investing, Real estate, Build Wealth, Faith Based

Wholesaling Real Estate, Rental Property, Real Estate Investing, Investing, Business, Real Estate, Flipping Houses

2.5 • 884 Ratings

🗓️ 25 January 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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0:00.0	I was interviewing Chris Crone and if you don't do you know a lot about Chris Crone no no yeah
0:04.8	6500 units rental units all single family he has he has a plane he has like 400 businesses. He's like a freaking monster. Yeah. I don't understand people like that. How do you get to that level? Yeah. 64 hundred
0:20.3	single family units. Yeah. I just don't understand. There's got to be like some
0:25.1	secrets also. I'll explain to you right now. So I asked him I was like I was
0:29.2	like Chris what's like the best coaching for like CEOs and COs? And he was like he got pretty excited.
0:38.6	He was like, did you go to high school wanting to be a CEO or C.O. I was like no. He's like did you dream about that as a
0:46.3	as a little boy that you wanted to be C. Oh I was like no he's like so then why are you asking me what's the best coaching?
0:54.2	I was like, I don't know.
0:56.9	Hoping you got an awesome answer here for me?
0:59.4	I was like, I don't know, because I'm trying to get better.
1:01.6	He was like, what you should be asking is how do you
1:04.2	recruit a C. O. O. O. Okay. Because once you recruit a CEO and a C. O. Then you
1:11.6	don't have to work anymore and you could sit back and only deal with them
1:15.5	instead of all these other people. Yeah. And he was like the way to pay a CEO is they get a base. Okay. So let's say you're making 100K a month, for example.
1:25.6	Yeah, you get a $15,000 base on that and then if you increase it to let's say 150 you get 25% of that plus your base if you increase
1:37.3	a 200 then you get 50% of that plus your base so incentivizing them on growth yeah not salary yeah a
1:47.0	C. O are they're supposed to be incentivized by the net and more stable, you know?
1:54.2	Yeah, I mean that's huge thinking about it like that.
1:56.6	And actually it's funny because I was just that Alex's thing in Maui last week and Brandon Turner was
2:00.8	there and he was talking about almost that exact thing because you see these people that have just like grown like a rock ship like in a very short period of time and that's exactly what it was like the four different stages of business and how you grow into that you start as like the DIY guy you know you're
2:15.2	doing everything and then you turn into the project manager and at the end of the day you
2:19.5	want to be that architect who's like sitting back a couple layers and just designing the business and
	...

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