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b"In this episode, Dan Kennedy talks about strategies for investing in Santa Barbara, California, and how they are adding value to the properties there. He dives into how to add value to the properties, mitigating risks, and how to deal with local and state regulations. Dan talks in great detail how to not only effectively use these strategies but also how to navigate the market.\\n\\n[00:01 - 06:11] Opening Segment\\nDan shares about his background and how he started his investment shop\\nFocusing on buying stabilized and light value add industrial warehouse properties\\nStarted by buying and flipping single family homes\\n\\xa0\\n[06:12 - 13:02] Effective Strategies to Find Deals\\xa0\\nHaving representation close to your properties\\xa0\\nBecoming productive owners and taking care of tenants moving in\\xa0\\nBuilding trust with property managers to execute the business plans\\xa0\\n\\xa0\\n[13:03 - 18:18] Executing the Strategies\\nUtilizing a team that specializes in and permitting and processing\\xa0\\nCreating packages for architects to draw\\xa0\\nTiming the process as to when tenants should leave and getting permits\\xa0\\nNavigating the changing tides of the market\\n\\xa0\\n[18:18 - 26:52] Building Age and Renovating\\xa0\\nThere is a risk in buying an existing building\\xa0\\nFinding wiggle room so there is a higher return on investment\\nBuying multiple multifamily units\\xa0\\nPreparing for the cost and time to acquire permits\\n\\xa0\\n[26:53 - 34:22] Closing Segment\\nQuick break for our sponsors The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.\\xa0 Learn more about Personal Capital at escapingwallstreet.com\\xa0\\n\\nWhat is the best investment you've ever made other than your education?Multiple investments in Huntsville, Alabama\\xa0\\n\\n\\u2019s worst investments\\xa0Investing in a hard money loan in Texas\\xa0\\n\\nWhat is the most important lesson you\\u2019ve learned in business and investing?You don't get hurt by the deals you don't do\\n\\n\\nConnect with Dan Kennedy:\\nWebsite: https://www.drivencap.com/\\nSocial Media: LinkedIn\\nEmail: dan@drivencap.com\\n\\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\n\\xa0\\nTweetable Quotes:\\n\\u201cNot every deal that you do is gonna work out the way that you envision it, but not every deal that's put in front of you is a good deal either. So just tread carefully. \\u201d -\\xa0 Dan Kennedy"