Real Estate Team OSTap into the collective wisdom of our podcast guests. Get answers to your questions. Click "Voice" to talk to Team Bot!

He borrowed $2,000,000

Name: He borrowed $2,000,000
Uploaded: 2023-10-27T22:48:35+00:00
Duration: 56 s
Channel: Real Estate Team OS
Description: A short monologue from a Real Estate Team OS YouTube video (Oct 27, 2023) where the speaker discusses difficulty recruiting agents in a tough market and…

27 Oct 2023 · 1 min

Watch on YouTube

0:56

A short monologue from a Real Estate Team OS YouTube video (Oct 27, 2023) where the speaker discusses difficulty recruiting agents in a tough market and expresses intent to pursue business deals with struggling agents. The speaker recounts buying one house per month in 2011 by borrowing $2,000,000 using other people's money, stating that this strategy transformed his family's finances and urging listeners to seek opportunities in current market conditions.

Chapters

Yes, it's really expensive and hard to recruit agents, and so if you can do it by business dealings, I'm kind of obsessed with it, to be honest with you, and I sincerely hope that nobody leaves the business during this hard market. However, I think logic tells me that there's going to be a lot of people that don't make it through, and we are primed to be a good partner to them and strike business deals with them that are profitable for them and for us. No different than in 2011. I knew low rates and low home prices were not going to happen soon, so I bought one house a month with other people's money. I wasn't rich. I borrowed $2 million. But my family changed financially forever as a result of that. So you've got to take the market conditions and look for that opportunity.