On this week’s show we have a very real conversation with full-time, professional investor Austin Yeh who does it all: wholesales, flips, BRRR’s, negotiates his own cash for keys, podcaster, meetup host and it’s not all pretty.
Austin shares how he’s had to rebalance his portfolio, wholesaling market slow down, which are short-term problems as he’s successfully transitioned out of his corporate job in Feb 2022 to investing in Windsor, Sudbury, even downtown Toronto.
Austin shares how he got started networking at local investor groups, connecting with locals to build out his teams. We walk through the numbers of a couple deals and Austin doesn’t candy coat the challenges that come with buying ugly properties including a case of arson where his property was intentionally burnt down by criminals, the phone call his partner received from the police, the sleepless nights if the insurance would get paid out… How his target markets and properties have evolved over his career.
This is a very real, truth about real estate investing episode where problems are not always worth the profits. Hopefully you, my friend, one of our 17 listeners can takeaway how to improve upon your real estate business, leverage the lessons from this episode and the 300+ episodes before this one.
Please enjoy the show!