In this episode of the Be Someone podcast, Michael Hong interviews Brandon Rickman, a successful real estate investor from Atlanta, Georgia. Brandon shares his journey from starting in construction to flipping houses and wholesaling. He discusses the importance of finding good deals, hiring contractors, and managing projects effectively. The conversation also covers the transition to self-storage investments, funding strategies, and the significance of understanding future land use maps. Brandon emphasizes the value of partnerships and the potential for generational wealth in real estate.
Takeaways
Brandon started in real estate through his father's construction background.
His first deal took three months and $15,000 in marketing costs.
Finding a good deal is crucial; everything else follows.
Hiring contractors is essential for efficiency and profitability.
Managing contractor expectations can prevent project delays.
Remote investing can be facilitated with technology like cameras and Wi-Fi.
Self-storage investments offer long-term returns and less management hassle.
Future land use maps can guide investment decisions.
Partnerships with experienced investors can accelerate learning and success.
Business is fundamentally about building relationships.
Chapters
00:00 Introduction to Brandon Rickman and His Journey
02:02 First Deal and Marketing Strategies
04:29 Transitioning from Flipping to Wholesaling
05:46 The Importance of Hiring Contractors
08:06 Vetting Contractors and Managing Projects
10:38 Contractor Agreements and Expectations
13:29 Managing Job Sites Effectively
15:40 Downtime and Work Schedules for Contractors
18:44 Remote Investing and Technology in Real Estate
21:45 Shifts in the Short-Term Rental Market
23:11 Exploring Self-Storage Investments
26:06 Navigating Large Investments in Self-Storage
32:09 Understanding Future Land Use Maps
37:20 Building Relationships with REITs
40:17 The Future of Self-Storage Development
44:11 Life-Changing Books and Personal Growth
48:06 Giving Back to the Community
How to Get in Touch with Brandon Rickman:
TheFlipGenius.com
YouTube: www.youtube.com/@theflipgenius
Facebook: Brandon Rickman
Instagram: brandonrickman08
TikTok: brandonrickman08
If you want to talk about deals or if you have deals in Houston area, DM Michael Hoang on his Instagram: @michaelbesomeone or shoot him a message at
832-301-9672 (text first before calling)
#realestaterookie #realestateleads #wholesalerealestate #wholesalingrealestate #flippingmastery