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What Makes a GOOD OPERATOR?

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Manage episode 463597304 series 3637816
Content provided by Joel Kadlec and Justin Foster. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Joel Kadlec and Justin Foster or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In another awesome conversation, we talk about the intricacies of flipping houses and the importance of viewing oneself as an operator in the real estate space. We strongly highlight the significance of effective delegation, communication with contractors, and aligning incentives to ensure successful projects. Lastly, we discuss the necessity of defining a 'buy box' to streamline investment decisions and as a bonus, (watch the video to know where it is!) a story of a personal experience to illustrate the lessons learned in the flipping process.

CHAPTERS: 00:00 Let's talk more about flipping 02:00 Why being a Good Operator matters? 05:07 Effective Delegation and Team Management 06:40 Communication: The Backbone of Successful Projects 09:27 Aligning Incentives for Better Outcomes 14:47 Step 0 is Defining Your Buy Box 20:32 CAUTION: Stay Away from Shiny Objects! 22:47 Learning from Experience and Mentorship

IMPORTANT LINKS: ▶JOIN THE FB GROUP! https://www.facebook.com/groups/fundfliprepeat ▶Your Buy Box Checklist: https://docs.google.com/document/d/10VT8WObh2cwy3cD9C5yMg5PKrMmAGZEhp7rUwzrDKJI/edit?tab=t.0

  continue reading

15 episodes

Artwork
iconShare
 
Manage episode 463597304 series 3637816
Content provided by Joel Kadlec and Justin Foster. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Joel Kadlec and Justin Foster or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In another awesome conversation, we talk about the intricacies of flipping houses and the importance of viewing oneself as an operator in the real estate space. We strongly highlight the significance of effective delegation, communication with contractors, and aligning incentives to ensure successful projects. Lastly, we discuss the necessity of defining a 'buy box' to streamline investment decisions and as a bonus, (watch the video to know where it is!) a story of a personal experience to illustrate the lessons learned in the flipping process.

CHAPTERS: 00:00 Let's talk more about flipping 02:00 Why being a Good Operator matters? 05:07 Effective Delegation and Team Management 06:40 Communication: The Backbone of Successful Projects 09:27 Aligning Incentives for Better Outcomes 14:47 Step 0 is Defining Your Buy Box 20:32 CAUTION: Stay Away from Shiny Objects! 22:47 Learning from Experience and Mentorship

IMPORTANT LINKS: ▶JOIN THE FB GROUP! https://www.facebook.com/groups/fundfliprepeat ▶Your Buy Box Checklist: https://docs.google.com/document/d/10VT8WObh2cwy3cD9C5yMg5PKrMmAGZEhp7rUwzrDKJI/edit?tab=t.0

  continue reading

15 episodes

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