The Justin Spaulding Show

On today's episode I discuss how I am choosing where our office location will be and how do we plan on how much staff we will need and when we will need them by, talk about a day in my life and about early rising, where we find the "100 deals" to then buy just 1 or 2 of them,

Today I continue off of the last episode and go more in depth on how we started it plus, I take questions from the audience on starting up a business.

On today's episode I talk about why and how we started Prime Painters and why we made it different than other contracting companies based on my experience with contractors in the apartment industry. Why I chose to chase and try to scale to $1,000,000 of revenue in year 1 and how we will continue to grow from there to a $3,000,000; $5,000,000+ revenue company over the next couple of years.

On today's episode I go though how many deals we look at each week, my opinions on the single family market, using agents vs going directly to seller, target IRR for new deals, my thoughts on private money, red flags to look for when talking with brokers and sellers, generating funds for the next deal while closing a current one.

On today's episode I talk about one of our employees buying a 7 unit apartment property, when and why I bought a negative cash flow producing property, how we do our projections and financial modeling for new deals, how we review our progress and financials and I go step by step through our projection model and actual financials for a property we have had for a few years.

On today's episode I talk about if you have $1,000,000 cash why you should still use other people's money as well when doing deals, budgeting for operating expenses in real estate and business, estimating repairs and maintenance, payroll and future real estate taxes of a new property, the softwares we use in our businesses, and we even bring in a guest who was watching on Instagram live.

In today's episode I talk about if real estate prices are overpriced or just higher than they were a few years ago, how to and how we exit deals, picking mentors, what I would do differently in my first real estate deals, my process for finding off market multifamily buildings, and how first time buyers should go about buying real estate.

On today's episode I talk about doing a $100,000,000 deal, I draw out how seller financing works and different ways on how a capital stack can be put together, tax strategies to keep more money working for you, getting investors, not worrying about some of the smaller details too soon, building businesses while having interpersonal issues.

On today's show we talk about why I did not need a degree to do what I am doing today, gathering a deal pipeline and connecting with brokers, thoughts on flipping houses, NNN properties, doing deals in California, why everyone should join direct sales or MLM.

My 5 steps for success, finish college or dropout, starting in real estate, thoughts on Donald Trump's books, the future of school and education, thoughts on AirBnB, duplexes vs other properties.

In this episode we discuss the benefits of consistently making cold calls and how it can impact long term revenues of a company; all the tax benefits that real estate provides; the emergence of DogeCoin; and wow, how crazy is it that Reddit made AMC and Gamestop break charts and records!

In this episode we have our first guest and we discuss and debate what we each believe are the top 10 things that 18 years should know about money. And actually, I believe that these 10 things are things that ALL PEOPLE should know about and implement towards money. Completely different mindset than you will hear from 99.99% of people - but that is what it takes to make it into the top 1%; .5% and .1%.

In this episode we talk about all the different financing options that are out there for not only real estate, but also for businesses that you may be looking to buy. We discuss waterfall structures and how, for being the managing member (aka general partner, operating partner) you can get compensated very well based on performance which also then makes it easier to raise investment dollars from other investors. We also make a prediction on this weekends Packer game (GO PACK GO!).

In this episode we touch on Elon Musk becoming the worlds richest person; the great things, the bad things, the headaches of value add real estate, and business partnerships. PS - stop thinking you have to do things alone. No great company has ever been a solopreneur. It takes people and ALL SORTS of partnership!

In this episode we discuss my top 5 business books, in depth details on how loan approvals work for beginners and for those who are more advanced real estate/business investors. Many people have no clue of the actual value of their business, so we also go into conversation about why, how and how often to evaluate your business or a business you are looking at buying.

The premier of The Justin Spaulding Show. We take over a dozen questions from our audience.Included topics:-Taxes and best practices to pay little tax-The setup of our private equity company-Why I started a Painting Company-The current state of investment real estate-How I have hired and grown our team-Investor payout percentages-Contacting property and business owners-Passive income tips while in college-Structure of my personal daily scheduleClick here to get my book, "The Sure Thing".Please subscribe to the podcast. We stream our podcasts live weekly on my YouTube channel.Feel free to join me and my journey to 50,000 apartment units:My Site: https://justinspaulding.com/Instagram: https://www.instagram.com/justinspaul...LinkedIn: https://www.linkedin.com/in/spaulding...Spaulding Group: https://www.spauldinggroup.com/Prime Painters: https://www.prime-painters.com/Facebook: https://www.facebook.com/jmspaulding23Instagram: https://www.instagram.com/justinspaul...TikTok: https://www.tiktok.com/@justinspaulding_SHOW LESS