Blake Johnson, PharmD, and Zac Hendricks return to the YFP Real Estate Investing Podcast to discuss their investment strategy and how they manage risk in a changing real estate market by returning to the fundamentals.
Key Points From This Episode
- A welcome back to Blake and Zac.
- An overview of the guests, their careers, and their real estate background.
- Looking at the changes in the market over the last year and how to adjust your strategies.
- Blake’s endless energy and inability to stop buying properties.
- The importance of building a relationship with wholesalers.
- The difference between buying something off the MLS with the realtor or working with a wholesaler.
- Strategies Blake and Zac have used to handle the increase in interest rates.
- The effects of price appreciation on Blake and Zac’s rentals.
- Power that lies in running your own numbers and running your own race.
- Predicting and dealing with the rising costs of rehabbing a house and potential supply chain issues.
- Why you should always shop around to decrease maintenance costs.
- A brief look at how to run a cash flow equation.
- Blake and Zac’s prediction of the market change over the next six to eight months.
- Advice for new investors.
Links Mentioned in Today’s Episode
- YFP Real Estate Investing 03: Running the Rental Numbers with Blake and Zac
- Your Financial Pharmacist Podcast
- Baker’s Dirty Dozen: Principles for Financial Independence by Joe Baker, MBA with Lindsey Jordan Baker
- Smith Family Pharmacy
- Email Blake Johnson: blake@smithfamilypharmacy.com
- Follow Zac Hendricks on Instagram: @hendricks_remodeling
- YFP Real Estate Investing
- Join the YFP Real Estate Investing Facebook Group
- Your Financial Pharmacist Disclaimer and Disclosures