Brian Humphrey, a full-time real estate investor, shares his journey and experiences in the real estate industry. He started with a fixer-upper property that he inherited and eventually sold it for a profit. Brian talks about how he transitioned from working a regular job to becoming a full-time investor. He emphasizes the importance of eliminating debt and using private money to scale his business. Brian also discusses the challenges of delegating tasks and building a team. He shares his biggest failure, which was a flip that resulted in a loss, and the lessons he learned from it. Brian Humphrey shares insights on analyzing real estate deals and the importance of surrounding yourself with like-minded individuals. He emphasizes the need to consider factors beyond the purchase price and rehab costs, such as interest, resale, contingencies, and expenses like contractors and real estate agents. Brian also discusses the lessons he learned from a deal that went wrong, including the importance of having a dining room and addressing water issues in the basement. He highlights the value of networking and mentorship in his journey as a real estate investor.
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