In this episode of the Texas Real Estate & Finance Podcast, I sit down with real estate investor and property manager Conrad Jackson to explore the world of alternative revenue streams and investment opportunities within the real estate industry.
The key moments in this episode are:
00:00:15 - Introduction,
00:01:34 - Importance of Diversification,
00:04:05 - Making Money in Real Estate,
00:07:40 - Conrad's Journey in Real Estate Investments,
00:09:33 - Investing in Real Estate Today,
00:13:22 - Seller Financing Education,
00:14:19 - Legality and Trust in Seller Financing,
00:15:42 - Seller Financing as Income for Lenders,
00:17:03 - Relationship with Hard Money Lenders,
00:20:28 - Flexibility of Hard Money Lenders,
00:25:42 - Investing in Real Estate,
00:26:30 - Learning from Mistakes,
00:27:22 - The Cost of Education,
00:28:05 - Long-Term Perspective,
00:29:28 - Leveraging Real Estate Knowledge,
00:38:02 - Housing Vouchers and Property Eligibility,
00:39:10 - Flexibility of Housing Vouchers,
00:39:56 - Rent Coverage with Housing Vouchers,
00:41:00 - Benefits of Housing Vouchers for Tenants,
00:42:35 - Property Management and Building Systems,
00:51:37 - Starting in Real Estate with Private Money,
00:53:36 - The Power of Communication in Business,
00:56:11 - The Importance of Focus and Specialization,
00:57:28 - Exploring Different Real Estate Opportunities,
00:58:58 - Using YouTube to Establish an Online Presence,
01:03:38 - Consistency and Commitment in Podcasting,
01:05:19 - Patience and Persistence in Content Creation,
01:08:04 - Balancing Work and Family Time,
01:08:59 - The Benefits of Coaching Kids,
01:12:34 - Adjusting to New Responsibilities,
01:16:13 - Enjoying Life and Planning Ahead,
01:17:19 - Streamlining Communication and System Selection,
01:19:57 - Living on the Calendar,
01:19:57 - The Importance of Planning,
01:21:34 - Starting in Real Estate Investing,
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Consider diversifying your income: Explore avenues beyond traditional buying and selling in the real estate market. Look for opportunities in property management, real estate development, investing, and other wealth-building opportunities that the industry offers.
Look for off-market deals: Take advantage of negotiating power in off-market deals that are not listed on the MLS or popular real estate platforms. These deals can offer potential investment opportunities.
Join a network of real estate professionals: Connect with leading professionals in the real estate space to stay informed and innovative. Seek out spotlight interviews with top-tier agents and learn from their experiences and insights.
Consider investing in rental properties: Look for investment properties that can generate cash flow through renting. Start by buying and holding properties, and consider rehabbing them to increase their value over time.
Explore new construction opportunities: Instead of relying solely on brokering deals, consider becoming your own builder and exploring opportunities in
