How Do You CHOOSE the Properties You INVEST In?

There's an ass for every seat. A major mistake a lot of us make, including myself, is that we'll shy away from properties that we would not live in.

One thing you said, Zach, about interesting marketing that surprised me too was, I mean, obviously being a country property 2 miles down a dirt road, I thought that was an issue for people. And surprisingly enough, You know, people like that and they, they like— so just getting down that dirt road and doing all that, I was like, hey, do you have a GPS? Do you have the— like, no, we got it handled, you know. So that was— I don't know, that was, that was a learning point for me and my perspective on, on the people looking at the home.

Yeah, and the people that are interested in buying in that area, right, are used to that type of environment. So, um, one of our students used to say— one of our members, I should say— used to say, uh, there's an ass for every seat. So you can't— a major mistake a lot of us make, including myself, is that we'll shy away from properties that we would not live in. And that's, that's a big mistake for us to do it because the property that you wouldn't live in could be somebody's dream home.

Right.

So you still have to approach the deal. And if the deal financially makes sense, then structure the deal and do what Kyle's doing right now, which is he made it contingent. So I know he's doing some extra work, and who knows if this if this property doesn't sell, Kyle's got a lot of learning, right? That he was able to gather from it. This is what's beautiful about the business: you get to learn and make money at the same time, which is usually not the same in in it was usually not possible in most industries. So you get to learn, and so then if Kyle does sell this property, like even if Kyle didn't want to live there, he took it as an opportunity. Don't, especially when you're first getting started, don't discount an opportunity. Take advantage of it, make it contingent, learn through the process. And if it sells, amazing, and you get to make money from it. If it doesn't, that's okay too. You just learned, and then you just keep going from there. Uh, go ahead, Laura.

Yeah, um, 2 questions. So where, where'd you find it? Like, what was the original source? And then I love Mike Krupa's question, what would you do differently if you had to start it all over again? So I'm pulling Mike in. So what was the source, and what would you do differently?

Um, the source was expired. He had it on the market. He tried to sell and, and, and they weren't able to sell. Um, currently is be more right, because when you're new, you're timid, you're, you know, you just, you're nervous. And I think what I learned is just be more direct, you know, but in a helpful way of like, hey, you need to do this, this, this, and this if you're going to make this thing If we're gonna sell this thing, you know, just be straight with them up front, you know, and just from the shape that it was in in the beginning of having that conversation right away, 'cause, you know, we're just, we're wasting time if you're not having that conversation and, you know, it doesn't benefit them or me.

Yeah, that's great. It sounds like you added a lot of value in your bringing in your firefighter experience and all that. So that's really awesome.

Yeah, and and I think what's been helpful helpful too. Like you're saying, Zach, if it if it sells, like he tried to put on the market that didn't work. But now, like I kind of feel like it's almost like a friend in the in the pocket for him, right? I'm not just a guy that's looking to sell his home, but I you know I let him know what was going on. I've been working with him and going the extra mile for him. So I think once we get this thing cleaned up. We'll have enough traction on this that, like I said, it may not hit the $500,000 mark, but we can sell it and we'll move it for him.