Podcast summary and Notes on "good deal"

Good Deal

DJ Lucid sits down with Raleigh based band, Good Deal, to talk about their upcoming EP release and performances. Tune in to hear their unreleased song, "Circles."

Off the Record

enJanuary 19, 2024

good deal

Building a Real Estate Empire: Mathew Pezon's Journey from Rookie Investor to Property Mogul

Welcome back to the Inner Edison podcast! In this episode, we have a very special guest joining us - Mathew Pezon, a real estate investor and entrepreneur. Mathew shares his journey in the industry, from starting out during a forgiving time in the market to navigating the challenges of today's competitive landscape. We'll hear about his strategies for finding good deals, the advantages of multi-family properties, and his plans for future investments. But that's not all! Mathew also shares his incredible experience of learning Spanish, immersing himself in the language, and how it has influenced his personal and professional life. Plus, we dive into the nuances of the real estate market across different regions, including Mathew's Pennsylvania area and Ed's Modesto neighborhood. So sit back, relax, and get ready to be inspired by Mathew Pezon's story on the Inner Edison Podcast.

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Inner Edison Podcast by Ed Parcaut

enNovember 08, 2023

real estate investing

language immersion

competition

financial sustainability

girlfriend

What Makes A Good Real Estate Deal?

Good deals get you closer to your goal. On that point, what makes a good deal will depend on what your goals are.

It's all about perspective.

Steve and I are focused on income replacement, which means conventional methods for estimating real estate opportunities don't apply. They're outdated.

So, what are our options?

In today's real estate industry, you can often hear people advocate "going with your gut" or "following your instincts."

But replacing your income requires security and long term success. Merely going with your gut won't cut it - it's too risky.

What you need is a predictable system that will allow you to mitigate risk and increase potential return.

For us, that system is founded in safe, conservative, single-family property investments. But there's a lot more to it!

We need to take into account characteristics like location, structural repair requirements, affordability...

There's a lot of factors to consider, and we're going to go through all of them in today's episode.

We're going to talk about our own, Done For You definition of a good real estate deal that has helped us guide every single one of our client’s real estate investments and create wins across the board.

Tune in to learn more!

Key Takeaways:

How do you tell if something is a good deal? (2:59)
Steve's mind-blowing story illustrating the importance of perspective (5:17)
How does perspective tie into estimating real estate investment opportunities? (11:39)
How we determine if something qualifies as a good deal (14:21)
Why is flipping houses more complicated than it seems? (16:18)
The characteristics of a good deal (19:42)
Taking a closer look at the numbers (22:33)
Discussing the affordability factor (26:19)
Having a reliable system instead of relying on gut feelings (28:59)
Doing business the right way (and creating wins across the board) (30:48)
Summarizing what makes a good deal (34:47)

Additional Resources: