Discover the essential strategy for avoiding costly rental property mistakes with Dan Erb from Strand Capital LLC! As an accomplished real estate investor, Dan shares his invaluable insights into the world of single-family home investments. Learn how he transitioned from a career in banking to building a successful investment portfolio, focusing on markets like Indianapolis, Chattanooga, and Birmingham.

Key Takeaways:

• Strategic renovations and partnerships with local professionals.
• Importance of patience and market research for optimal returns.
• Navigating Section 8 and multifamily assets for a diversified approach.
• Building generational wealth through smart real estate investment strategy.

Connect with Dan on LinkedIn to explore more about his innovative approach to real estate investing!

🔔 Subscribe to the REI Mastermind Network Podcast for more expert interviews and actionable tips for real estate success.

👍 Like this video if you found it helpful and **share** it with your real estate investing friends.

Join the conversation and support the show to empower your journey in real estate. Remember, "The best investment on Earth is Earth." Start building your legacy today!

CHAPTERS:

00:00 - Intro

00:54 - How Dan Got Started in Real Estate

01:51 - How Dan Finds Properties to Buy

04:31 - Where Dan Buys Properties

07:00 - What Returns Dan Looks For When Buying Properties

09:03 - How Dan Adds Value to Properties

11:11 - How Dan Expands to New Markets

14:15 - Minimum Cash Flow Requirements

16:27 - Finding a Good Property Manager

20:13 - Lessons from Financial Background

22:57 - Importance of an Exit Strategy

24:14 - Goals for Strand Capital

26:15 - Topics We Wish We Covered

28:23 - Common Lies Real Estate Investors Tell

28:45 - Advice for Younger Self

29:10 - Time-Saving Strategies in Real Estate

29:50 - Recommended Books for Investors

RealDealCRM.com

RealDealCRM is your Real Estate Investing Virtual Assistant. A Real Estate Investing CRM for Real Estate Investors created by Real Estate Investors. SMS, Stealth Voicemails, Phone, Voicemail, Funnels, and AUTOMATION in a single platform! Check out more details at RealDealCRM.com

LIKE • SHARE • JOIN • REVIEW

• Website
• Join the REI Mastermind Network on Locals!
• Apple Podcasts
• Google Podcasts
• YouTube
• Spotify
• Stitcher
• Deezer
• Facebook
• Twitter
• Instagram

SUPPORT THE SHOW!

• Self Managing Your Rental Properties? Get 6 months of RentRedi for $1! Click this link!
• If you are new to Wealthfront, and open a Cash Account, you'll get a 0.50% APY boost for 3 months.
• Open an Automated Index Investing Account or Automated Bond Portfolio, you'll earn $5,000 managed for free.
• Get $10 and Reduce Your Business Costs by Shopping at AppSumo • https://bit.ly/reiappsumo
• Get $10 Towards Your First Purchase at Drop • https://drop.com/?referer=3DC729

"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - Jack