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When it comes to the world of flipping, competition can be fierce. How can you not just survive and thrive in this cutthroat industry?
Rodel and Gina Johnson are an exceptional couple who have achieved above-average earnings in the highly competitive market of real estate flipping. They have been investing in the Atlanta, Georgia area for years and have created a mutually beneficial situation for both themselves and their sellers.
In this episode, Rodel and Gina reveal their secret to making a lasting first impression. They share how they have successfully cultivated business relationships with people and make their flipping business work through the years even amidst the recent economic situation.
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What you will learn from this episode for 23 minutes:
Resources:
Topics Covered:
01:02 - How this couple forged a path in real estate
03:29 - Investment strategy they are focusing now
06:59 - Finding motivated sellers and creating mutually beneficial situation with them
08:29 - The role each one plays in their real estate business
11:42 - What makes flipping more beneficial than buy-and-hold
12:50 - Circumstances where they've helped sellers the most while earning more
16:01 - Is the high interest rates affecting flipping and renovations?
18:03 - What sets them apart from their competitors
20:40 - The compound effect of goodwill
21:17 - What do they look forward to doing in their real estate business
Key Takeaways:
"It's building rapport with the seller, talking to off market properties and sellers." - Rodel Johnson
"We've found, the people we use as contractors, they're also real estate investors, and our real estate agent is also an investor. We've kind of leveraged them as well in the work that we've been doing." - Rodel Johnson
"The fix and flips big benefits is that you're in the renovation pretty quickly and you're out pretty quickly." - Rodel Johnson
"It's about relationship-building, it's about knowing that we're dealing with people, that people need help in certain areas when it comes to real estate. And as a physician, I'm always in an area of service. So we bring that to the table when we're dealing with prospects who might have a property." - Gina Johnson
"We don't want to cut corners; we want to do it with all of the resources we have." - Gina Johnson
"We rely on our strengths. I'm not going to go and talk to a seller, I let Rodel do it because he knows how to talk the numbers. But for me, it might be that I pick out the design of how we're going to renovate. That's just our personality and that's why people come back to us because of the way that we are." - Gina Johnson
Connect with Rodel and Gina Johnson:
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