Navigating the business world, especially the real estate market, can be quite an obstacle course. But could it prove that success often comes from passion, ambition, and making calculated risks?
Join us on Average Joe Finances as our guest Adit Shah shares his journey on how he began by working for free as a property developer and learn the ropes of the industry.
In this episode:
*The significance of networking and relationship-building in the real estate business, which can play a fundamental role in future operations.
*How an unconventional approach to entering the real estate industry demonstrates that success often comes from taking unique and unexpected paths.
*The need for careful consideration of market conditions and the importance of resilience when facing unexpected challenges in the real estate industry.
*How joining a mastermind or a community of like-minded individuals is recommended for guidance and opportunities, showcasing the significance of continuous learning and mentorship in the real estate journey.
*And so much more!
Key Moments:
00:01:08 - Transition from Military to Civilian Life
00:01:43 - Entry into Real Estate and Initial Experiences
00:02:02 - Journey to Becoming a Real Estate Developer
00:02:19 - Strategy to Learn and Break into the Industry
00:03:07 - First Development Projects and Expansion
00:03:22 - Founding of Tempest 22 and Housebender
00:03:54 - Experience Working for Free and Learning the Trade
00:06:29 - Adit's Transition to Leading His Own Business
00:15:33 - Adit's Move to Colombia and Managing Business Remotely
00:16:44 - Approach to Building a Solid Team
00:22:08 - Strategy for Keeping Expenses Low and Utilizing Military Benefits
00:23:53 - Starting Tempest 22 and Real Estate Development
00:23:59 - Criteria for Selecting Development Lots
00:24:42 - Building a Portfolio and Scaling Up
00:25:30 - Creating Housing for Specific Demographics
00:26:43 - The Art of Real Estate Development
00:27:33 - Identifying Ideal Parcels for Development
00:28:40 - The Strategy for Acquiring Properties
00:29:13 - Challenges of Managing Development from Abroad
00:31:54 - The Motivation Behind Real Estate Development
Find Adit Shah on:
Websites: www.housebender.com and www. tempest22.com
Instagram: https://www.instagram.com/housebender/
LinkedIn: https://www.linkedin.com/in/adit-shah-197623167/
Average Joe Finances®
All of our social media links and more: https://averagejoefinances.com/links
About Mike: https://mikecavaggioni.com
Show Notes add-on continued here: https://averagejoefinances.com/show-notes/
*DISCLAIMER* https://averagejoefinances.com/disclaimer
See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes
