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In this episode of the Real Estate Heavyweights podcast, Ashton Hines and Tavis Westbrook interview Joel Miller, a seasoned real estate investor and author of 'Build Real Estate Wealth.' Joel shares his extensive journey in real estate, from his early days as a DJ to becoming a successful landlord and hard money lender. He emphasizes the importance of education, bookkeeping, and tenant selection in building a successful real estate portfolio. The conversation also touches on adapting to market changes and the challenges of short-term rentals, providing valuable insights for both new and experienced investors. takeaways
  • Joel Miller has been a real estate investor since 1978.
  • He wrote his book with his son in mind as a guide.
  • Bookkeeping is crucial for real estate success.
  • A good deal is a good deal, regardless of market conditions.
  • Education is key to navigating the real estate landscape.
  • Tenant selection can make or break a rental business.
  • Building relationships with banks is essential for funding.
  • Short-term rentals can be more work than expected.
  • Real estate can be a side income while maintaining a job.
  • Networking with local investor associations is beneficial.
titles
  • Building Wealth Through Real Estate
  • Navigating the Rental Property Landscape
Sound Bites
  • "This is how I do it."
  • "The book is a go-to reference."
  • "A good deal is a good deal."
Chapters 00:00Introduction to Real Estate Heavyweights Podcast 02:51Joel Miller's Journey in Real Estate 05:38The Importance of Bookkeeping in Real Estate 08:32Early Influences and Career Path 11:28Transitioning from DJ to Real Estate Investor 14:04Building a Comprehensive Real Estate Guide 17:00Navigating Financial Statements and Banking Relationships 19:36The Evolution of Record Keeping in Real Estate 22:30Common Pitfalls in Real Estate Investing 25:05Best Practices for Successful Real Estate Investment 28:18Wealth Building Through Real Estate 29:39The Evolution of Real Estate Investment 31:42Navigating Economic Cycles in Real Estate 35:27Long-Term vs Short-Term Rentals 39:43Tenant Screening Tips and Best Practices 45:47Connecting with Joel Miller and His Book https://www.joelmillerbooks.com/ https://www.youtube.com/@TheRealEstateHeavyweights
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100 episodes