Has anyone ever told you “I wish I started when I was younger…”? Do you want to start investing, but you’re not sure how? Should you invest in rental properties, or go into wholesaling and flips? Or do you just want to know more about marketing?
In today’s episode of Passion for Real Estate Investments, co-owner of Ozarks House Buyers, Andrew Newlon, discusses the importance of listening, learning, and teamwork. From rehabbing houses to going full-time in investing in 2015, Andrew and his team have been solving problems and steadily growing their business.
Prior to buying their first property in 2013, Andrew and his best friend, Josh, spent their spare time rehabbing rental properties for local landlords. They decided to purchase four properties after being told to start investing at a young age. After rehabbing and refinancing these properties into rentals, they decided to learn wholesaling in order to go full-time. In 2015, Andrew and Josh quit their jobs and became full-time investors, and have grown their business to having closed around 80 deals in 2019.
Their growth has been steady ever since.
Andrew tells us the realization they had about acquiring wealth in real estate, and the difficulties they face operating in a smaller market. What are his views on the ideal CRM? And what is his plan for if the market suddenly dropped?
We learn the importance of building a team, and the challenge to not getting distracted by the shiny objects. How does Andrew navigate the industry when there is no instruction manual? What is his marketing strategy for wholesaling, rentals, and flips?
If you’re interested in learning about real estate investment as a tool to reach your goal, or you’re facing growing pains in your business and you want to hear what you can do to ease the process, be sure to listen to his episode.
Highlights of the Interview:
- “Take action now, perfect it later.”
- Andrew’s journey into investment started because he followed advice from people who had experience.
- If they burnt their ships, they would be forced to be successful.
- Do not be afraid to hustle.
- Whatever CRM system you choose, make sure you’re committed to it. If you can’t measure, you can’t manage.
- It’s not about how you can fix it, but sometimes who can fix it for you.
- You need to put systems in place so that you can step away and focus on growing the business.
About Andrew Newlon
Andrew and his business partner, Josh Hutter, bought their first rental property in Springfield, MO in 2013. Prior to that, they were rehabbing houses for local landlords. They continued to tell them that they needed to start investing at a young age. They bought 4 properties, rehabbed them themselves at night and on the weekends, and refinanced them into rentals. After the fourth one, they decided to learn wholesaling in order to go full time. Their theory was if they “burnt the ships” (didn’t have any more income) that we would be forced to be successful. With the little excess funds from their last refinance, they quit their jobs and went full time in late 2015. Since then, they have built a small team that closed 80+ deals in 2019. They are in two markets and focus on wholesaling, retail flips, and rental properties.
To learn more about Andrew and his business partner Josh, you can visit their their two websites: ozarkshousebuyers.com and 806housebuyers.com. You can also stayed connected with them on Facebook and Instagram