Reed Goossens - Crazy Sh*t In Real Estate with Leigh Brown - Episode #171

Are you interesting in real estate investing? Reed Goossens, a
serial entrepreneur, real estate advisor, speaker, and author,
gives us some straight talk about what to consider when investing
in real estate. Listen in to learn the strategies he implemented
to improve cash flow, protect investments, and build his American
Dream.


Please subscribe to this podcast in iTunes or in the Podcasts App
on your phone. Never miss a beat from Leigh by visiting
leighbrown.com.


Time Stamped Show Notes:


00:50 – Introducing Reed, a serial entrepreneur, real estate
investment advisor, author, and public speaker

01:05 – Controls $150 million-worth of multi-family
commercial real estate; he left Australia to chase his American
dream seven years ago

02:40 – The barrier to entry is lower in the U.S. than in
Australia; he realized he needed to buy more low-income
properties to make more of a profit

04:05 – His strategy

04:30 – If he was going to be on the lower end of the market,
he needed a larger portfolio; his property manager was able to
manage the portfolio, not just one property

05:22 – Cash flow vs. equity advancement

06:45 – You can improve cash flow by upgrading units to get
more money and better tenants; always look for value-adds

07:45 – On how value-adds have changed

08:15 – They’ve changed across the country and are
sustainable; it’s important to lean into amenities as square
footage average lessens

09:00 – On deals, investors, and partners

09:30 – He works with partners and 3,200 different investors

09:55 – He finds investors through his podcast, connections,
and referrals; they have a partnership or share in particular
LLCs

11:30 – It’s important to ask better questions about
investment real estate; it’s got many legal implications and
complexities

12:45 – How to contact Reed: You can find his podcast, books,
and contact information on his website



3 Key Points


Know your attorney and tax advisor when getting into real
estate investing.

Consider cash flow and equity advancement.

Working with the right team will make you successful.



Credits


Audio Production by Chris Mottram

Show Notes provided by Melissa Valder