48. Actor turned Real estate Investor with Brad Blumenthal

Description

ABOUT BRAD BLUMENTHAL

Brad Blumenthal is an actor, writer on TV and films and has been on different business ventures like jewelry, clothing, music, and real estate. Some of Brad's movies are Volcano, Hook, and Pulp fiction. He started getting into the real estate biz when one of his friends invited him over to check on a house for sale and ended up buying the house for himself. He kept on buying more properties and did flipping and development mostly.

THIS TOPIC IN A NUTSHELL:

[01:36] His career background

[02:50] How he got into real estate

[03:35] Buying his first deal

[06:00] Getting into different business ventures

[07:25 His Entrepreneurial experience

[08:57] His Hollywood experience and acting gig when starting out

[10:25] How he was cast in Spielberg film

[12:00] His first role as an actor

[14:06] Learning more on acting biz and growth as an actor

[17:30] Lessons from the first few deals

[17:59] Escrow assistance on real estate investments

[19:01] Best time to make an offer in buying properties

[20:55] How to find subs and manage contractor

[25:03] Giving timeline for contractors

[26:50] Monitoring progress of work done on renovation and flips

[28:11] Finding the best litigator to protect your investments

[29:37] Advice to his 25-year-old self

[31:05] His First Entrepreneurial Endeavor

[33:42] Formal and Informal Training that shaped his journey

[35:57] His biggest mistake and what he learned from it

[41:02] Best way to reach out to Brad

KEY QUOTES:

[07:55] I’m more of a street-smart guy and so I go by Mark Twain’s favorite quote “I never let schooling interfere with my education.” I’ve learned the hard way, unfortunately, I make my mistakes by doing and not by reading and I just throw myself into it and see what happens.

[21:02] I do not recommend trying to do the house yourself with you being the general contractor, like what I did in the beginning. That to me is a huge mistake, if some subcontractors screwed up, you’re screwed, as opposed to if you have a contractor the odds and everything else falls onto the contractor. I think having a general contractor even on a small gig is important.

[25:35] When you set a timeline and specific deadline for contractors, you’ve got to be careful and be much more hands-on if you take that approach to make sure that the work being done is quality and they’re not cutting corners with materials.

[34:51] On buying real estate:

If there is an opportunity there, you go for it. When you’re at it, as long as I’m at it, It was never ever a question to me whether I was gonna make money on a project. I won’t buy a property unless I know I would double my money.

ABOUT THE WESTSIDE INVESTORS NETWORK

The Westside Investors Network, is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.

The Westside Investors Network strives to bring knowledge and education to the real estate professional that is seeking to gain more freedom in their life. The host's AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visitwww.uptownpm.com. If you are interested in investing in multifamily syndication, please visitwww.uptownsyndication.com.

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CONNECT WITH BRAD:

Email: maxbradly@mac.com

Website: https://bradactor.com

LinkedIn: https://www.linkedin.com/in/brad-blumenthal-5b550ba/

Facebook:https://www.facebook.com/brad.blumenthal1

Instagram: https://www.instagram.com/maxbradly12/

Youtube: https://www.youtube.com/user/maxbradly/videos

CONNECT WITH US

For more information about investing with AJ and Chris:

· Uptown Syndication |https://www.uptownsyndication.com/

· LinkedIn |https://www.linkedin.com/company/71673294/admin/

For information on Portland Property Management: