In this episode of the Be Someone Podcast, Michael Hoang and Jeremy Davis discuss Jeremy's transformative journey from being a paramedic to a successful real estate investor. They explore the challenges faced in the real estate market, the importance of direct-to-seller marketing, and the power of creative financing. Jeremy shares his experiences with private money partners and hard money lenders, emphasizing the significance of building relationships and networking in the industry. The conversation highlights actionable strategies for aspiring investors and the evolving landscape of real estate investment. In this conversation, Jeremy Davis shares his insights on private money lending, the value of hard money lenders, and the risks associated with private money. He discusses the regulatory changes affecting cold calling and marketing strategies, emphasizing the shift towards inbound marketing. Jeremy also highlights the importance of KPIs for success in real estate, the dynamics of closing deals, and the significance of filing memos. He reflects on the emotional income derived from helping others and shares impactful books that have influenced his journey. Finally, he invites the audience to join his community and collaborate on creative deals.
TAKEAWAYS:
The people you surround yourself with can change your life.
Transitioning from a stable job to real estate can be daunting but rewarding.
Creative finance opens doors to opportunities that traditional methods may not.
Direct-to-seller marketing is crucial for finding the best deals.
Building relationships in real estate can lead to significant advantages.
Understanding the market dynamics is essential for success in real estate.
Private money partnerships can be beneficial but require careful structuring.
Hard money lenders can provide quick funding but come with their own set of challenges.
Networking and community involvement can enhance your real estate journey.
Always be prepared to adapt your strategies based on market conditions. Private money lending can be risky without proper security.
Hard money lenders provide valuable oversight for new investors.
High returns promised by private money lenders often come with risks.
Regulatory changes have made cold calling and SMS marketing more challenging.
Inbound marketing strategies are becoming more popular than cold calling.
Niche data can still yield successful leads for new investors.
CHAPTERS:
00:00 From Paramedic to Real Estate Entrepreneur
06:23 The Impact of COVID-19 on Career Choices
12:23 Navigating the Real Estate Market: Challenges and Strategies
18:22 Direct to Seller Marketing: A Game Changer
24:24 First Deal: Lessons from Gary, Indiana
29:03 Navigating Property Ownership Challenges
30:12 Scaling Through Marketing Investments
31:11 Transitioning to Coaching and Ethical Considerations
33:14 Building Relationships for Deal Flow
36:32 Creative Financing Strategies in Real Estate
40:41 Understanding Private Money Partnerships
54:17 Adapting to New Regulations in Cold Calling
58:13 Shifting Marketing Strategies: From Outbound to Inbound
01:04:33 Maximizing PPC for Real Estate Success
01:05:23 Understanding KPIs for New Investors
01:07:17 Scaling Marketing Budgets Effectively
01:09:14 Evaluating Lead Generation Strategies
01:11:06 Key Performance Indicators in Real Estate
01:12:37 Navigating Seller Relationships and Contracts
01:14:54 The Importance of Filing Memos
01:18:00 Finding End Buyers in Real Estate
01:21:14 The Emotional Impact of Real Estate
01:27:13 Books That Transform Your Business
01:31:50 Giving Back to the Community
How to Get in touched with Jeremy Davis:
The RePlay community on Discord
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)