Welcome to a new episode of Get Creative! I'm your host, Justin Tuminowski, and today we're diving into the world of creative finance with a very special guest, Reed Clanahan. Reed brings a wealth of stories, knowledge, and wisdom, especially in real estate. Today, we'll explore his journey from wellness trainer to real estate mogul, how he switched from traditional real estate roles to innovative investment strategies, and his tips for securing and managing profitable deals. If you're ready to get off the sidelines and make your mark in the industry, this episode is for you!
Highlights:
"The only way to really be in real estate, in my opinion, is to find ways to get equity, to actually own the properties."
"We're buying a few properties every single month for co-living."
"Equity comes and equity goes, but the cash will always flow."
"If you think you're in real estate, you need to have equity, you need to have assets, and you need to be buying."
Timestamps:
00:00 - Introduction: Meet Reed Clanahan
01:23 - Reed’s Background and Journey into Real Estate
04:21 - First Major Real Estate Breakthrough
05:00 - Expanding Real Estate Ventures in Texas
07:14 - Insights on Real Estate Investment and Strategy
09:04 - Utilizing Technology in Real Estate
11:30 - Detailed Breakdown of a Successful Deal
14:20 - The Importance of Equity in Real Estate Deals
17:15 - Discussing the Business Side of Real Estate Investments
20:00 - How to Maximize Returns from Property Investments
22:53 - Strategy for Identifying and Acquiring Profitable Properties
25:00 - Reed’s Future Plans and Advice for Aspiring Investors
26:20 - Closing Remarks and How to Connect with Reed
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