Learn From Trial And Error And Getting Better At It with Rob Beeman

Nov 28, 2022

Rob Beeman, a former decade-long flipper, lender, and REIknowledge.com Brand Ambassador, along with other willing seasoned contributors, utilize this media platform to share with others, at no cost to them, this information that can hopefully save time, save money, reduce mistakes, and create opportunities for their real estate investing activities. They say that knowledge is power. Imagine how much more can be accomplished if you knew what others that have already accomplished you seek to know, and most importantly, are willing to share it. 

 

In this episode, Rob shares his experience and knowledge of real estate investing. He stresses the importance of having multiple properties in your portfolio in order to be prepared for any situation and advises listeners to focus on what matters to women when looking at properties. He shares his experience of learning how to find and purchase properties in the off-market, concentrating on finding properties that are in good condition, for a reasonable price, and through relationships with real estate agents that specialize in working with investors. To learn more about Rob and his work, listeners can visit his website!

 

[00:01 - 08:45] How To Find Off-Market Properties

• Rob shares how he started out flipping houses and found that real estate allowed him to do it part-time and still run his other business
• It’s important to have multiple properties in your portfolio so that you have options if something goes wrong    

 

[08:46 - 20:20] Learn From Trial And Error And Getting Better At It

• He learned how to find deals and properties by trial and error, and he got better at finding off-market transactions
• He learned that there are different types of realtors
• It is important to have relationships with realtors in order to find deals
• Wholesalers can also be a good way to find deals, as they are often advertising in online forums and on Craigslist
• Networking events and letting people know she’s interested in buying or selling properties
• She uses flyers, door hangers, and networking to find properties
• Buying properties that are outside her comfort zone to increase her chances of success
• How to work backward to figure out what the purchase price for a property should be based on its ARV

 

[20:21 - 21:24] Closing Segment

• He advises listeners to negotiate with contractors, which is a whole different level of negotiation
• To learn more about Rob, listeners can visit his website!

 

Tweetable Quotes:

“What I need to find out from you is what's the key number for you? What's that hot button for you? And the only way I can find that out, truly find it out, is to get you to spill it out without thinking about it.” – Rob Beeman

 

“You have to choose where you want to invest. And for me, that was always a comfort zone of travel time. And am I comfortable there when I'm there.” – Rob Beeman

 

Connect with Rob through his: 

Website: https://www.reiknowledge.com/

LinkedIn: Rob Beeman

 

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306.

Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.

To learn more about me, visit my LinkedIn profile, and connect with me.