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    How Marck's Companies Have Flipped Over 1,600 Homes featured on The Wholesale to Millions Podcast

    enApril 22, 2022
    Mistake FREE Real Estate With Marck de Lautour
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    About this Episode

    There comes a time when tables turn. A host becomes a guest, and a guest becomes a host. Today, I get to be a guest on King Khang’s podcast. Khang will be interviewing me, intending to understand my real estate journey.

    Khang and I are members of the Collective Genius  Mastermind, and we are both immigrants to the country. My real estate journey started when I was pursuing my MBA. I flipped a house and thought it would be a great path to follow. So far, I’m glad I chose the right path.

    In this episode, we’ll talk about how I started in real estate, built a team, work-life balance, how I survived a recession, and Airbnb’s, among other interesting topics. 

     Grab a notebook and pen. You might need to take some notes.

    Key Talking Points of the Episode:

    [02:23] Where is my origin?

    [02:57] How I started as an entrepreneur

    [06:13] How I flipped my first house

    [09:57] How to build a team

    [12:59] When do you know you are ready to start hiring people?

    [14:20] How many hours a day did I work when I started?

    [16:08] Work-life balance

    [21:01] Why do I think celebrity couples don’t work out?

    [23:53] How was the 2008 recession?

    [27:45] How you can protect yourself as a fix and flip in case there is another recession

    [29:43] How much reserve should you have when fixing and flipping property?

    [32:00] My take on the current real estate market

    [35:28] Single-family versus multifamily

    [37:19] My thoughts on Airbnb

    [42:34] Where I’m I doing my business at?

    [43:49] The upcoming The Multimillionaire Club

    Quotes from the Episode:

    “If your pocket is not deep enough doesn’t mean other people don’t have a deep pocket.”

    “For every rental property that you own, you should have $3,000 in reserves, in my opinion.”

    “The first thing that happens in a real estate downturn is that the ability to borrow money dries up quickly for those that are not well supported.”

    “Anyone who aspires to be best in class, they throw work-life balance out the door.”

    “For every two or three wholesale deals you do, you’ve got to start holding on to one.”

    “Don’t compare your success or progress level with someone else’s. Because we all learn differently.”

    Recent Episodes from Mistake FREE Real Estate With Marck de Lautour

    What Makes the Current Real Estate Market Different from the 2008 Recession with Jimmy Vreeland

    What Makes the Current Real Estate Market Different from the 2008 Recession with Jimmy Vreeland

    Every quarter, my good friend Jimmy Vreeland and I sit down and talk about our experience in Collective Genius, a mastermind we are both a part of. In this episode, Jimmy and I are going to discuss what we learned from the presentations in the event, our biggest takeaways, and how we’re preparing our businesses for what’s coming.

     

    Listen now to learn what happened during the last Collective Genius event and the golden nuggets we’ve picked up while we were there!

     

    Key Talking Points of the Episode

     

    00:00 Introduction

    01:43 How does Collective Genius help us give back?

    03:26 What are our biggest takeaways from the event?

    06:53 What makes this recession different from 2008?

    08:46 Where do we stand on inflation rates today?

    12:44 How is inflation crushing the middle class?

    14:38 How can real estate investing set you up for the future?

    17:34 What is the greatest threat to every investor’s portfolio?

    21:31 What does real estate value appreciation look like today?

    23:32 Why should people take advantage of Fannie Mae loans?

    26:42 What is happening in the new construction market today?

    31:16 What are we experiencing in the turnkey market today?

     

    Quotables

     

    “The government hasn’t curbed their spending, they’re not doing to make energy more accessible, so that’s gonna stay expensive.”

     

    “Kiyosaki went on Oprah in 1990, everybody knows about this! They just don’t get involved, they don’t get started.”

     

    “Strategic and systematically buy assets so that when there is the next disaster and the fed does blast lower rates, then you refi everything out.”

     

    “Like I’d always say, real estate doubles in value every 20-30 years, I think I’m gonna stop saying 30 because consistently, we are seeing real estate double in value every 20 years.”

     

    “If you’re gonna buy and hold these assets forever, for long-term, then the smartest thing you can do is lock in a 30-year fixed to get these things paid off.”

     

    “Most home builders have not been aggressively scaling and growing based on what they fear could be a downturn.”

     

    “Quite frankly, I think that inventory is still so shallow, especially in the big cities that are experiencing massive population growth.”

     

    Links

     

    Book: Principles for Dealing with the Changing World Order

    https://www.amazon.com/changing-world-order-nations-succeed-ebook/dp/b0881y73yg

     

    Mistake FREE Real Estate With Marck de Lautour
    enApril 06, 2023
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