Navigating Real Estate Successfully in Today's Economy - Douglas Beck #5301
Summary: Are you trying to be successful in real estate? In this episode, Douglas Beck shares his insights into the real estate market and valuable experiences that are relevant to those looking to grow within this market. It\u2019s a tough time to try and do wholesale flips and fixing, but buying and holding will allow you to invest and build your portfolio. Tune in to hear more from myself and Beck on how you can navigate real estate in the current economy Highlights: -Douglas Beck started out in corporate IT and procurement, and then got into real estate -He was always looking for a way to exit the corporate world, because it didn\u2019t align with the entrepreneurial spirit he grew up around and possessed himself -We discuss how to make money in the current market\u2014it\u2019s hard to do wholesale flips right now -Beck\u2019s company primarily focuses on renovation projects right now -Flipping and fixing is a business, but buying and holding is an investment -It\u2019s a good idea to build up a good portfolio if you want to be successful in real estate -If you\u2019re buying right now, inflation could help you; interest rates are low -Hedge funds are buying all over the place -Follow the surges in activity\u2014especially companies buying in bulk Useful Links: Financial Survival Network Douglas Beck