Mitigating risks to ensure the best possible ROI — are you a risk-taker or a cautious risk avoider? If you find yourself more on the cautious side, our episode today will give you a lot of encouragement. Our guest on today’s episode is DJ Hume. DJ purchased his first home at 22 years old and he quickly learned how to redo a bathroom and kitchen with no past experience.
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Over the next 4 years, he continued to purchase more single-family rentals before moving on to multifamily at the age of 26. He has since scaled his portfolio by partnering with like-minded people across the country. Tune in as we talk to DJ about his journey through the real estate business, how he tackled obstacles as a 22-year-old homeowner, the steps he took to scale his business, how he formed his team, and details about DJ’s project: Real Estate University. We also dive into how DJ implemented a de-risking process to mitigate his overall risk, and so much more, on today’s episode!
Key Points From This Episode:
- DJ shares more about his journey in real estate and why he switched to multi-family real estate.
- We talk about his first purchase and the roadblocks he encountered at age 22.
- The goal with his first purchase and how it changed over time.
- The pushbacks DJ had to endure as a 22-year-old homeowner.
- How he scaled up his real estate business to where he finds himself now.
- The steps he took to move from single-family to multi-family real estate.
- DJ talks more about the team he has in place and the process he has developed to help scale his business.
- How DJ learned to hire and who his first hire was.
- He shares the hardest part of his real estate journey: It’s a lot of work!
- Mitigating risks and preparing for a potential downturn: What’s the worst-case scenario?
- DJ’s predictions for the future of the real estate market over the next 6-12 months.
- Daily habits that contribute to DJ’s success.
- His best source for meeting new investors.
- How his mindset of “I will not lose” has contributed to his success.
- He shares more about Real Estate University and how he likes to give back.
[bctt tweet=”The way that I believe in hiring is I’m very transparent both with my investors, but I do the same thing with people that I hire, and I believe in, I need to first do the job to figure out the process. So, I’m a process-oriented person. I want to go through it personally, let’s find the bugs in the system. And then I want to say this is exactly what you’re getting into, I’m going to rely on you to be responsible for this, we’re going to make sure you hold accountable. — DJ Hume” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About DJ Hume
DJ purchased his first home at 22 years old where he learned how to redo a bathroom and kitchen with no past experience. Over the next 4 years, he continued to purchase more single-family rentals then moved to multifamily at 26. He has since scaled his portfolio by partnering with like-minded people across the country.
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