Jun 22, 2022
This is part 2 of my conversation with Phil Capron, Phil Capron is a real estate investor who has learned a lot about the industry over the years. Phil learned that real estate was the wealth builder for him after purchasing his first home in 2010 using a VA loan while on active duty. He cut his teeth in the business as a real estate agent and by flipping properties in Coastal Virginia. He wrote his first book “Your VA Loan and How It Can Make You A Millionaire” in 2019, and in 2021 created the first 100% veteran-owned and operated fund backed by real estate First Capital.
In this episode, Phil discusses the importance of safety in people’s homes, no matter their class of asset. He feels an obligation as people in the real estate investing space to make sure their team goals are aligned and that their hearts are in it too. He expresses his concerns about the industry as it stands and how it can be challenging to provide a quality home to someone in a tough environment. He mentions that it is important for real estate investors to be aware of what areas may be more dangerous, so that they can take precautions when working in those areas. Listen in!
[00:01 - 09:09] The Importance of Providing Quality Security Measures
[09:10 - 15:43] Focus on Having Good Cash Flow That Are In A Good Neighborhood
[15:44 - 22:22] The Active Military Presence In Real Estate
[22:23 - 28:04] Closing Segment
Tweetable Quotes:
“We work in some rougher stuff and the intention of getting into rougher stuff is to work our butts off, to make it less rough.” – Phil Capron
“You get to pick the type of problems that you have in this life I believe… I've done a fair amount of fairly rough stuff on the flipping side and on the multi-family side and I find it rewarding.” – Phil Capron
Connect with Phil through his website at https://missionfirstcapital.com/
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