The Power of Design in Real Estate Investing

Our guests Diana Ossa and Josh Dobken are architects, designers, and real estate investors. Diana works for an award-winning architecture firm in Seattle, focusing on large multifamily housing projects. Josh works for an international firm in Kansas City, specializing in sporting venues and large-scale projects.

 

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Summary: Diana and Josh share their journey of transitioning from their careers in architecture to becoming real estate investors. They discuss the importance of delayed gratification and taking action in order to achieve financial freedom. They also emphasize the value of building a core team and being present in the market where you invest. Diana and Josh highlight the role of design in their investment strategy and how it can add value to properties. They also talk about their experience with different rental strategies, including long-term, midterm, and short-term rentals.

Key Takeaways:

• Delayed gratification is crucial for long-term success in real estate investing.
• Building a core team is essential for success, but it doesn't have to happen before buying your first property.
• Choose a market where you can be present and build a team, even if it means relocating.
• Design can add value to properties and attract better tenants.
• Diversifying rental strategies, such as long-term, mid-term, and short-term rentals, can provide stability and maximize cash flow.

Quotes:

• "Taking action is more important than waiting for the perfect conditions." - Diana Ossa
• "Failure is just another way of figuring out how to succeed." - Josh Dobken
• "Have a good attitude and enjoy the process of learning and growing." - Diana Ossa

Diana and Josh discuss their real estate investment journey, emphasizing the importance of delayed gratification and taking action. They highlight the value of building a core team and being present in the market where you invest. Design plays a significant role in their investment strategy, adding value to properties and attracting better tenants. They also share their experience with different rental strategies, including long-term, midterm, and short-term rentals, and the benefits of diversifying rental options for stability and cash flow.

Diana and Josh stress the significance of delayed gratification in achieving long-term success in real estate investing. They believe that taking action is more important than waiting for the perfect conditions. Building a core team is essential for success, but it doesn't have to happen before buying your first property. They advise choosing a market where you can be present and build a team, even if it means relocating.

Design is a key factor in Diana and Josh's investment strategy. They believe that design can add value to properties and attract better tenants. They discuss their experience with different rental strategies, including long-term, midterm, and short-term rentals. They emphasize the benefits of diversifying rental options to provide stability and maximize cash flow.

Diana shares the importance of having a good attitude and enjoying the process of learning and growing. She believes that failure is just another way of figuring out how to succeed. Josh's superpower is relationship building and networking, while Diana's superpower is discipline and organization. They recommend the book "The Gap and The Gain" and the podcast “The Game w/ Alex Hormozi”. Connect with them on Instagram at @di.fi