BTM159: Vertical Integration? How To Grow Your Real Estate Business Profitably with Colin Douthit

Currently managing over 300 units after only being in real estate for three years, it’s clear that Colin Douthit, today’s guest, knows how to invest and how to do it well.

He realized early on that he needed to be far more profitable to create the life he wanted so he took a hard look at his business and portfolio to understand what was working and what wasn’t in hopes that he could do more of the former.

The end result came in the form of a brand new business. Since Colin had managed his own units efficiently in the prior months, he had the expertise and manpower to vertically integrate his business – coming out on the other end with two businesses.

Colin has a construction company that followed the same model and is constantly looking for ways to become more profitable by systematically building a network of businesses that compliment each other. In today’s episode, we discuss exactly how this can translate to your endeavors.

Links Mentioned in Today’s Episode:

Colin’s Website

Recommended Book:

Atlas Shrugged by Ayn Rand

Listen to this books for free with Audible!

Lifestyle Design App:

Everlance: Mileage Tracking

BTM134: Start From Scratch Property Management with Jim Murray

Over the past ten years, Jim’s multifamily real estate investments have blossomed into a successful property management company. To date Jim manages over 700 units and as an investor himself, specifically caters to real estate investors.

On today’s episode, we discover the interworking of Jim’s business and we teach you how you can get started with your own management company without having a whole lot to work with.

 

Key Points From This Episode:

  • How to achieve financial, location and time freedom
  • Without any experience, you too can be a property manager
  • How Jim grew to manage over 700 units
  • The numbers and how much you make as a PM
  • The responsibilities of a property management company

 

Links Mentioned in Today’s Episode:

Jim’s Website

Recommended Book:

The Wealthy Gardener

Listen to this books for free with Audible!

Lifestyle Design App:

Calendly Scheduling Software

BTM Newbies Guide

BTM128: International Airline Pilot Builds Property Management Empire with Steve Rozenberg

Steve is an international commercial Airline Pilot who turned investor after the shock of 9/11 turned his airline career world upside down and the “safe-secure” job was anything but that. This is when he realized he needed to be in control of his own destiny. Since then he has owned dozens rental properties as well as apartment complexes, he has also flipped and wholesaled hundreds of properties.

In the beginning, he failed miserably as a landlord due to terrible tenants, worse neighborhoods and zero structure. It took him years, but with the help and guidance of mentors and coaches they have figured out how to leverage each other’s strengths to successfully build a multi-million dollar property management business

 

Key Points From This Episode:

  • How 9/11 changed Steve’s life as a pilot for the better
  • How Steve travels to Australia twice a month
  • The power of social media in your business
  • Low income, high cashflow properties
  • Scalability, Marketability and Opportunity and why they’re key
  • How to manage 1000 properties

 

Links Mentioned in Today’s Episode:

Steve’s Website

Daray’s Instagram

Before The Millions Facebook Group

Recommended Book:

10x Rule by Grant Cardone

Listen to this books for free!

Lifestyle Design App:

Evernote

BTM 41: Is Your Primary Home An Asset or Liability with Apartment Investor Joseph Gozlan

Is your home an asset or liability? Find out on today’s show.

We had the pleasure of interviewing multifamily investment specialist, Joseph Gozlan. In our conversation, we learn more about multifamily properties, the pitfalls of single family investing, and how individuals can participate in multifamily investments with their retirement dollars.

Joseph, the founder of EBG Acquisitions. Leading group acquisitions of over $10MM in real estate and providing asset management services to a portfolio of 156 units and growing. Joseph has over 17 years of experience in the software industry, 12 of which working for publicly traded companies such as GameStop and JCPenney which enhanced his business acumen, analytical skills and “big picture” perspective, all skills that he leverages in his real estate business.

We spend a good amount of our conversation explaining how and why you may want to view your primary home in a different light..

You don’t want to miss this one!

 

Links mentioned in the show:

EBG Acquisitions

The One Thing

Profit First

2 Free Books Today on Audible

One on One Coaching with Daray

 

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