Listen "Managing Properties: From DIY to Outsourcing | Blendi Muriqi & Don Spafford"
Episode Synopsis
Summary:In this episode, Don Spafford shares how he went from corporate finance to investing in RV campgrounds and build-to-rent communities. He talks about creating passive income, scaling a real estate business, and finding unique opportunities for high returns. Don also dives into building a team and the importance of staying open to new ideas.Takeaways:Focus on creating passive income streams and achieving financial freedom through real estate investing.Don't wait for the perfect deal; find something that is good enough to start with and take action.Build a network and find partners who complement your skills and share your goals.Be open to new opportunities and continuously learn and adapt in the real estate industry.Manage properties yourself initially to gain experience and understanding, but be open to outsourcing as you scale.Enjoy the process and find joy in talking to investors and sharing your knowledge and insights. RV campgrounds offer high cash flow and the potential for double-digit cash-on-cash returns.RV campgrounds have multiple income streams and can be scaled as a business.Proximity to popular camping areas can provide a steady user base for RV campgrounds.RV campgrounds can be a viable investment option for those who want to invest in something they enjoy.Finding great deals and diversifying investments in different types of properties and businesses is important.Stay tuned for more episodes!Apple Podcasts | Spotify | LinkedIn | Instagram | Facebook | Youtube | Twitter | Delegate.co
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