On this episode we talk with John Delia, the owner and manager of over 15 units. John talks about his experience growing up in a real estate house hold, working with his father and becoming a developer himself.
Key Points –
Teaching helps you learn twice
If you take too long to pick things up you will spend a lot of time in the same place
I’m bullish on purchasing power in secondary markets
I’m looking for units and rent roll
Cash and hustle led me to more money
Your business model has to adapt to your growth
You have to be contrarian because that’s where the opportunities are
When everyone is hating on something that is when you buy in
Eight years ago they called me crazy, now I’m a LEGEND
I don’t value money
There are levels of participation in real estate
I can flip to an investor and an investor can flip to retail and the retail can flip to the height of the market
People without money need money, people with money look for other things
If you are trying to build a legacy you can’t be concerned with short term
Bad money can ruin good deals
Books Mentioned –
Letters to Shareholders, Warren Buffet
John can be found here:
Facebook: https://www.facebook.com/sunshinedelia
Instagram: instagram.com/johndelia
Twitter: twitter.com/johndelia
Johns book: https://www.amazon.com/Life-Liberty-Property-John-Delia-ebook/dp/B075JN2D4P