795: Buy, Rehab, Rent, Refinance, Repeat: Become a Real Estate Investor So You Can Grab the Map with Johnoson Crutchfield

How hard is it to enter the real estate market? Real estate has always been a lucrative industry. Most people thought it has a high barrier of entry because of the preconceived notion that one needs to have money, connections, and persuasive power to kickstart. But that's where they are wrong!

Johnoson Crutchfield is the owner of Grab the Map LLC, a real estate company that focuses on acquiring and managing single-family and multi-family properties. He helps other investors find projects to invest in and provides mentoring and coaching to those getting started in real estate. He is also the host of Grab the Map Podcast. Today, John talks about his unique real estate investment strategy, which involves buying distressed properties, renovating them, and then refinancing to fund the next project.

Quotes

“If you look closely, real, unforced, authentic connections are all around you. Tap into them and worry less about those forced connections that never profit you anyway.” - Johnoson Crutchfield

“Real estate has changed my life. What it did, which actually goes along with my strategy, is it allowed somebody with absolutely no money and poor credit to become a multi-millionaire.” - Johnoson Crutchfield

“I'm trying to share what I'm learning so that there'll be other people also coming behind me doing a similar thing.” - Johnoson Crutchfield

Takeaways

03:24 Providing safe, clean, and affordable housing while creating jobs and supporting local businesses can be a rewarding aspect of real estate investment.

07:37 Buying distressed properties at a significant discount is crucial to leaving room for mistakes and unexpected costs when renovating and managing real estate investments.

10:45 Maintaining a positive mindset and drawing support from a network of experienced mentors can help entrepreneurs overcome challenges and stay motivated during difficult times.

13:33 Sharing knowledge and helping others get started in real estate investing can be a fulfilling way to grow a business and build a supportive community.

17:20 Seizing life's opportunities and not letting them pass by is an important life philosophy that can inspire people to take action and make the most of their one life.

Resources

Podcast: Play in new window | Download (Duration: 18:46 — 17.4MB) | Embed

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Filed in: Archive 4: 2020-2023 • Interview • Podcast • Real Estate

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