RealPropPro Podcast Ep 09 - Kevin Lee | May 15, 2025

15/05/2025 1h 0min Episodio 9

Listen "RealPropPro Podcast Ep 09 - Kevin Lee | May 15, 2025"

Episode Synopsis

SummaryIn this conversation, Kevin Lee and Ian Dietler discuss their experiences in the real estate market, particularly focusing on overcoming limiting beliefs about investing in California. They share insights on how they proved the effectiveness of their investment model and the realization that there are always buyers in the market, regardless of initial perceptions about property prices.TakeawaysYou have to prove to yourself that the model works.Limiting beliefs can hinder investment opportunities.California's housing market is perceived as expensive.Investing out of state can seem more appealing.There are always buyers in the real estate market.Understanding local market dynamics is crucial.Cash flow properties can be found in various locations.Real estate investment requires a mindset shift.Belief in the model is essential for success.Investing in your local market can yield unexpected results.Chapters00:00 Introduction to Real Prop Pro Podcast01:18 Kevin Lee's Background and Early Life04:04 Education and Parental Influence06:58 Transitioning from Stability to Entrepreneurship10:05 First Steps in Real Estate: Virtual Wholesaling12:07 The Decision to Quit the Day Job15:17 First Deal in Wholesaling18:15 Finding Buyers and Building Partnerships21:13 Expanding Strategies in Real Estate Investing21:44 Understanding Buyer Preferences in Real Estate24:12 Monetizing Every Deal: Creative Financing Strategies27:05 Creating Passive Income Through Real Estate30:55 Transitioning from Wholesaling to Fix and Flipping32:46 Risks and Rewards of Fix and Flipping39:38 Expanding into Senior Care Facilities and Short-Term Rentals44:33 Understanding the BRRRR Strategy45:18 The Evolution of Short-Term Rentals47:31 Navigating Market Changes and Competition48:49 Mindset for Real Estate Success49:11 Essential Reads for Real Estate Investors53:45 Networking and Learning Opportunities59:06 Building a Sustainable Real Estate Business59:46 New Chapter