Listen "The Power of Partnering to Scale Your Net Worth"
Episode Synopsis
Ep 04 - How do you make the most out of your exit? In this episode of the Share The Wealth Show, Nicole welcomes guest John Casmon, who shares his journey from working as a W2 corporate employee to becoming an apartment investor. John discusses how he became interested in real estate and how he went from starting out with two properties to owning over a thousand units. John Casmon is a real estate entrepreneur, and he's partnered with Disney professionals to invest in over a hundred million dollars worth of apartments. He also actively is a multi-family investors and he consults them to help them start and grow their business. Have you read Rich Dad, Poor Dad? I would think so like most of the listeners that you have, he explains that, “It helped me think about money differently. You should work a job for skills, not just a salary.” And when you think about that, He was working in corporate America doing advertising and marketing. He remembers when his company shut down, how anxious everybody in the company was. He remembered feeling powerless and he watched a lot of my colleagues lose their jobs. They had multiple rounds of layoffs and one person had been there 22 years and they had planned on being there until they retired.This is an episode chocked full of gems information that you really need to know! ________________________________ FREE Discovery call for The Microfamily Investing Accelerator https://calendly.com/noirvest/microfamilymavericks ________________________________ [00:01 - 05:36] Who is John Casmon? Transition from working in an office to an investor Surrounding yourself with the right people Making things achievable and attainable for yourself How to scale and grow Saving money to open up different possibilities Saving money to buy property [05:51 - 08:47] Thinking About Money Differently Getting inspired from a book The importance of real estate Working for a job to get skills and not a salary The importance of Real estate Seeking out to invest in real estate [08:50 - 13:20] Networking As A Key To Build Portfolios Connecting with people through Networking events Building relationships to understand how to bring on investors Being responsible with your own money Being able to invest with your own money The commitment to give time and energy to find and analyze deals Get them under contract Manage those deals Operate those deals [15:56 - 19:51] You Want to Make Sure That You Control The Exit Transitioning in the corporate area to learning real estate Shifting your mindset with real estate to doing it on your own Understanding that every investment has risks How do you mitigate those risks? Diversifying your investments Protecting the equity that you’ve created Key Quotes “You want to make sure that you control the exit. You want to sell when it makes sense for you to sell.” - John Casmon “You have to have nuances to your approach and put the plan together based on that market. Those are the things you're looking at, to understand the market and then finally, you want to make sure that you understand the deal and you want to understand where the business plan is.” - John Casmon “Syndication at its simplest level is just group investing – It's a group of people that come together, pool capital together, so you can go out and buy a property.” - John Casmon Connect with John on
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