“Even if you are still working a day job, you can still do this on the side and should do this on the side until you have a pipeline.”
In this episode of Profit First for REI podcast, we interviewed David Randolph. He is a real estate investor best known for his highly profitable success in the Short Sales arena.
He has one of the best systems that gets people real results. Now, he wants to share it with you!
Listen as you will learn great lessons: ways of buying properties, getting into real estate, and how to do short-sale deals. Enjoy the show!
Key Takeaways:
[00:46] Introducing David Randolph
[02:28] Focusing on short sales[
09:07] The pitfalls of short sales
[10:54] How long is the cash conversion cycle?
[16:10] The team size on short-sales
[20:12] Right way to run a business
[26:00] “I would've sought expert help in the education field earlier.”
[27:12] Connect with David Randolph
Quotes:
[08:22] “You want to run a business? You want to make money? Short sales is one way to make a lot of money.”
[13:48] “Anybody in the United States can negotiate a short sale with the bank. Anybody, with the exceptions of California and Florida…”
[21:19] “When you are making a lot of money, you don't need a lot of money to live off of. So why should you be making it and paying taxes? Why don't you do these deals in your retirement account vehicles?”
Connect with David:
Website: https://thedavidrandolph.com/
Tired of living deal to deal?
If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. – David
