Scaling Fast, Selling, and Scaling Again with Ryan Bodin - Member Spotlight Episode 168
Ryan was born and raised in Lake Charles, LA. He currently resides in New Orleans, LA with his wife Jennifer and their three children. Ryan is a real estate broker & he currently buys, sells, renovates, and manages apartment buildings. He currently has 9 apartment buildings throughout Louisiana and Texas and 40-50 employees in his business. Highlights of the Episode: 01:01 - Introduction of the guest 02:37 - How to scale to a big portfolio in a short period of time 05:25 - Pivoting from multifamily to retail 06:55 - Management structure 07:44 - Having enough deal flow with 1031 09:37 - What is being bought 10:25 - What to look for in the retail sector 11:47 - What to look for specifically in the asset 12:37 - What do in place leases look like 13:38 - Different between a triple net lease and gross lease 14:54 - A common thing in a triple net lease where responsibility is needed 16:48 - How to find the deals that someone locally hasn’t taken yet 21:50 - What a seller wants from a buyer 23:42 - What communities do to help and support growth 25:30 - Cultivating a mindset 27:25 - Life outside of work 33:06 - Good debt is an asset and what to offload 36:04 - Percentage made on horizontal income 41:59 - Closing remarks Quotes: “The guarantee or the assurance, the close, is more valuable than the price.” - Ryan Bodin Connect with our growing community: Facebook: https://www.facebook.com/gobundance LinkedIn: https://www.linkedin.com/company/gobundancegbl/ YouTube: https://www.youtube.com/user/GoBundance Twitter: https://twitter.com/GoBundance Subscribe to our GoBundance Podcast: Soundcloud: https://soundcloud.com/gobundance-podcast Apple: https://podcasts.apple.com/.../gobundance.../id1110145229 Stitcher: https://www.stitcher.com/show/grab-life-big-podcast Not a millionaire yet but want to be a part of our ecosystem? Check out EMERGE by GoBundance. Enroll Today! https://www.gobundance.com/emerge