Justin Fautsch, a vibrant force in the real estate realm, joins Sam on Probate Notes and unfolds his fascinating transition from the medical device industry into co-founding Vimvi Real Estate.

With a journey that started at the University of Iowa and led to the bustling streets of Los Angeles, Justin reveals his passion for leadership and entrepreneurship. Alongside his business partner, Mark MacFarlane, Justin shares the story behind the name Vimvi, which embodies energy and a sense of direction, and explains their unique choice of a hummingbird logo to symbolize their dynamic approach. Gain insight into the challenges and triumphs that accompany the pursuit of financial stability and personal fulfillment across shifting professional landscapes.

The exploration doesn't stop at Justin's story. Sam and Justin navigate the specialized niche of trust and probate real estate in Los Angeles and Riverside counties, examining the strategic edge that a partnership with legal expertise offers in this field. By honing in on sell-side transactions, Justin explains how time is managed and operations are scaled, even as California's competitive market poses challenges for the buy-side. We reflect on the intricate dance of wealth formation and preservation, underscoring the value of empathy in facilitating the transfer of wealth through real estate. Inspired by popular real estate principles, Sam and Justin emphasize the importance of laser-focused efforts, time management, and consistent follow-up to achieve success in this demanding arena.

The episode delves further into the complexities of real estate transactions and estate sales, particularly in the contexts of probate and trusts. Justin shares the typical commission structures and the potential impact of sellers’ decisions on buyer broker commissions. Sam and Justin dissect the nuances of preparing properties for sale, often cluttered or in disrepair, highlighting Vimvi's expertise in handling such challenges with care and respect.

From tackling sentimental items to coordinating estate sales, Sam and Justin’s conversation provides practical insights into navigating the intricate world of California real estate, demystifying the myths perpetuated by reality TV, and offering guidance on successful property investments.

In this episode, you will hear:

• Transition from medical devices to real estate entrepreneurship with Justin Fautsch
• Co-founding Vimvi Real Estate and the significance of its name and logo
• Specialization in trust and probate real estate in Los Angeles and Riverside counties
• Strategies for managing sell-side transactions and scaling operations
• Challenges and opportunities in California's competitive real estate market
• Insights into real estate transactions, estate sales, and commission structures
• Advice on property renovation, flipping, and navigating California's laws

Resources from this Episode

www.vimvi.com

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Episode Credits

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