Run a Profitable Gym Episode 159: Buying Assets With Joe Flanigan
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.
Don’t forget! Find out what stage of entrepreneurship you are in by taking the exclusive Two Brain test here: https://twobrainbusiness.com/test/ or schedule your free mentoring call by clicking here!
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?