Show notes
Whether you're new to the world of real estate or have been around for a while, you'll find this episode helpful. Yonah is joined by fellow real estate investor, Charlie Wessel. They discuss how he got started in the industry, his tips for starting out, and some of the common mistakes new investors make. They also talk about how to assess a property's potential and how to put together a winning investment strategy. By the end of this episode, confident you'll have all the information you need to get started in real estate investing and start making your dreams a reality.[00:01 - 05:49] Opening SegmentYonah and charlie discuss the need for a mentor when he was starting out in business.Charlie advises listeners to be transparent and honest with investors, even when things are going bad, in order to keep them invested in your business.[05:50 - 22:15] Winning Strategies for Beginning InvestorsIt’s important to look for other partners for your deals. Work with people you know and trust.Practice the principle of "maximizing returns". Looking for deals that have a high potential for returns, even if this means investing in a deal with a higher riskInvestors may be resistant to new investment opportunities, but continue to pursue them nonetheless.[22:17 - 28:36] THE FINAL FOURWhat's the worst job that you ever had?Selling pools and hot tubs in highschoolWhat's a book you've read that has given you a paradigm shift?Who Not HowWhat is a skill or talent that you would like to learn?Woodworking What does success mean to you?Having the time to spend with familyConnect with CharlieWebsite: https://www.cordellcapital.com/Instagram: @cordellcapitalLinkedin: https://www.linkedin.com/in/charlie-wessel-a50b1a15a/Facebook: https://www.facebook.com/CordellCapitalLEAVE A 5-STAR REVIEW by clicking this link. WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform. Tweetable Quotes:“Success [is] having the time to be with my family” - Charlie Wessel“I’m addicted to cost-segregation” - Yonah Weiss“Version one is better than version none” - Charlie WesselSupport the show