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Join us as we talk to Forrest McGhee, a successful real estate investor who has been self-employed for 16 years and investing in real estate for the past nine years. Forrest shares his strategies for doing deals, focusing on what matters most to the other party in the transactions and how to benefit them while growing his reputation as a well-regarded real estate investor. He discusses the importance of having a professional team and systems in place to remain competitive in today's highly competitive market, effective marketing that can be converted into workable deals, being involved with masterminds and communities that can help to strengthen a business, and the importance of having a lawyer on their side.\xa0\n\xa0\nTune in now to learn valuable insights from Forrest's experience as an experienced real estate investor.\n\xa0\n[00:01 - 07:31] Opening Segment\nIntroducing Forrest to the show\nHe shares his experience of operating a profitable real estate transaction business in today's highly competitive market\nHis company CVA Homes LLC has been doing real estate since 2014, and they are a direct-to-seller home solution provider\n\xa0\n[07:32 - 13:28] How to Stand Out in a Highly Competitive Real Estate Market\nThe importance of focusing on benefiting the sellers and solving their problem\nHigher level of professionalism in the business\nGetting better with marketing and training the sales team\n\xa0\n[13:29 - 24:39] Forrest's First Deal and Lessons Learned\nHow delegating tasks to others can save time\nBusiness is like a sports team: they need to be willing to upgrade\nThe importance of understanding dollars and cents when investing in real estate\nHolding costs, bad decision costs, and acquisition costs all need to be taken into account\n\xa0\n[24:40 - 31:43] Closing Segment\nBest investment: investment of time with Forrest's wife\nWorst investment: buying his primary residence in Woodbridge\nThe most important lesson learned: don't stop\n\nQuotes:\n\xa0\n"Business is to win. And if that person isn't performing, it's your duty. It's your business to find somebody that will." - Forrest McGhee\n\xa0\n"As a contractor, you don't have one boss. You have 20 bosses or 30 bosses." - Forrest McGhee\n\xa0\n"You're either going to learn with your money, or you're going learn with your time." - Forrest McGhee\n\nConnect with Forrest!\nWebsite: www.ForrestMcGhee.com\xa0\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/\n\xa0\nTrack your rental property's finances with Stessa. Go to www.escapingwallstreet.com.\n\xa0\nJoin our Passive Investor Club to access passive commercial real estate investment opportunities.\n\xa0\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.