Episode 159: Buying Assets With Joe Flanigan
On this episode, we take a step in a different direction. Joe Flanigan joins us to talk about what to do once you get to a point where you are ready to buy other business assets and grow your wealth. We specifically focus on buying multifamily apartment buildings and gain a better understanding of the risks and rewards of investing in real estate. Join us in this exciting episode!
Joe Flanigan is from Houston, Texas, where he owns District H CrossFit. Joe started CrossFit in 2005 and spent five years studying the methodology behind the fitness program before he got into coaching. As a coach, he specializes in weightlifting and helping others achieve their fitness goals. In addition to owning a gym and his passion for fitness, Joe loves real estate and has been involved in the real estate market for many years now.
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Links:
https://districthsf.com/?fbclid=IwAR1AlN11S7GLJayP1_qsgOnxqlsiPZydLmyS_daFZeoupHTUiqVjiIJHJj4
https://www.linkedin.com/in/joseph-flanigan-529337a/
Timeline:
2:08 – Introduction to Buying Assets with Joe Flanigan.
6:30 – What lead Joe to buying apartment complexes and other real estates.
9:15 – The first step to investing in real estate once you have enough cash.
11:18 – The importance of risk level when investing in real estate.
13:45 – How to get started investing in multifamily real estate?
18:23 – What is the best way to determine your net worth.
20:26 – How to search for the right property to invest in?
24:34 – What are the critical numbers to perform due diligence on.
30:34 – How to find the right investors for big investment projects?
33:10 – Distributing profit to passive investors and active investors.
37:49 – How long does it take to close a typical real estate deal?