BTM159: Vertical Integration? How To Grow Your Real Estate Business Profitably with Colin Douthit
Currently managing over 300 units after only being in real estate for three years, it’s clear that Colin Douthit, today's guest, knows how to invest and how to do it well.
He realized early on that he needed to be far more profitable to create the life he wanted so he took a hard look at his business and portfolio to understand what was working and what wasn't in hopes that he could do more of the former.
The end result came in the form of a brand new business. Since Colin had managed his own units efficiently in the prior months, he had the expertise and manpower to vertically integrate his business - coming out on the other end with two businesses.
Colin has a construction company that followed the same model and is constantly looking for ways to become more profitable by systematically building a network of businesses that compliment each other. In today's episode, we discuss exactly how this can translate to your endeavors.