Property Profits Real Estate Podcast
Business:Investing
Want to delve into a fascinating concept of creating once and generating a lifetime of benefit?
Daniel Hogenbirk owns a group of companies that work synergistically with one another in the Real Estate and Construction Industry. Daniel together with his partner acquired his first company in 2018, continuously seeking improvement and by adding seasoned professionals and experienced coaches to their team, has been able to consistently improve, pivot, and expand his business.
In this episode, Daniel shares how to create wealth that gives you financial freedom for a lifetime in the realm of real estate.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you will learn from this episode for 18 minutes:
Resources:
Topics Covered:
00:41 - Handling landscaping business and doing real estate on the side before going full time
05:38 - From duplex deals, BRRRR to land deals
07:08 - Plans in the pipeline to continue growing the business
10:01 - Ways of funding his deals
11:10 - The rate of returns for their investors
11:50 - What the ownership structure looks like for them and the partners
12:51 - Their unfair advantage when it comes to gaining partners
13:23 - More marketing ideas to get investors on board without chasing them
16:15 - Talking about numbers in their current joint venture projects
Key Takeaways:
"We want to build and hold because I like that idea of getting paid forever from the work that you do." - Daniel Hogenbirk
"From the money side, it started for a number of years with just our own money and money from the business as well. After about three years where we were fairly successful doing that, we had some friends and family invest in our business. As we've gone further, we've had a few professionals that have worked with us as well that have started giving us first and second mortgages in order to keep going. And we have a few people now that are interested in joint ventures with this as well." - Daniel Hogenbirk
“I think that's going to be one of our advantages when we start to look more actively for partners is, we do have a lot of it in-house and because of that as well, typically we can do things a little bit more economically than others.” - Daniel Hogenbirk
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