6: What is Pad Splitting? Plus How to Use it to Strengthen Your Investment Portfolio
January 10, 20248: Leveraging Social Media In Real Estate with Shane Burgman | Foundation & Family Podcast
January 25, 2024Welcome to Foundation and Family, The Erica Diaz Show, where real estate wisdom meets family life. In today’s episode, I have the opportunity to interview Ross McArthur, a local and national investor who owns Follow the Deal Investments. Ross shares his journey from being a midwest kid to venturing into sales, moving across the country, and eventually finding his passion for entrepreneurship and real estate. We discuss his experiences working for a Fortune 500 company, witnessing the growth of a business from 10 to 80 employees, and ultimately deciding to embark on his own real estate journey.
🏠 Want to Find Your Dream Home in Central Florida? https://ericadiazteam.com
👏More About Guest Ross McArthur: https://followthedeal.com
Ross takes us through his initial steps in real estate, starting with small multifamily properties in the Midwest. He shares valuable insights into the decision-making process, financing strategies, and the importance of learning from podcasts, books, and audiobooks during the learning phase. We explore the challenges and successes of his early investments, including the decision to invest in the Midwest due to lower entry costs.
As the conversation unfolds, Ross delves into the transition from corporate America to full-time real estate investing. He explains the importance of scaling, leveraging resources like 401(k) loans, and the role of third-party property management. Ross also discusses his foray into house flipping, the lessons learned from the first flip, and how he built a successful flipping business with a reliable crew.
Join us on Foundation and Family for insightful conversations, real-life experiences, and expert advice on navigating the intersection of real estate and family life. Whether you’re a seasoned investor or just starting, there’s something valuable for everyone in this podcast. Let’s build homes and nurture hearts together.
WATCH NEXT (OR SAVE FOR LATER)
Episode 5 Rate Buy Downs: https://youtu.be/Hl_9XrqlAF0?si=hZ9f2cQCH3ewPvib
Episode 6 What is Pad Splitting?: https://www.youtube.com/watch?v=ddUSVqGTOaI
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