Getting a head start in property investing through referrals can set up investors for long-term success. Too often, however, many are unaware of what works best for getting referrals from clients.
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In today’s episode, Matthew Ablakan, founder and owner of Millennial’s Choice Group of Companies, shares valuable tips on how to successfully get referrals from his investors. Plus, he shares how he started young in the industry at only 19, and his pieces of financial literacy advice.
Key Points From This Episode:
- How did Matthew start in the real estate industry at 19?
- What did he learn from his mentors?
- His best piece of advice to Gen Z.
- The biggest challenges in his business.
- The best way to gain referrals.
- The habits earned him high returns.
- The metrics he uses to track his professional and personal success.
- How does he give back to the community?
“90 to 95% of our business is based on repeat and referrals. So we really invest a lot back into our clients.”
“We host many different events throughout the year with our clients, and we are very good at asking for a referral, or asking them to bring somebody with them.”
“Budgeting, having the right goals, having the right mindset, that’s what I would say is one of the few of the keys to success.”
“Because real estate offers a utility that stocks and crypto do not, there is a utility with real estate, it’s a place to live, a place to congregate, a place to work.”
“Just imagine what that supply crunch is gonna look like in three or four years because we’re not building fast enough. And it’s going to become even more lucrative in three to four years.”
“It’s about getting people to really understand what’s going on in the market, what’s going on with interest rates, and why this is happening.”
“I’m an investor, I want to know what’s going on. I want to know what strategy to take you.”
“I like asking questions. I’m not somebody who shies away from asking people that have done something I want to do questions and investing in those people.”
“I think one of the best ways somebody can learn and save years of experience off of their own lives, but also their business is by learning from other people’s mistakes.”
About Matthew Ablakan
Matthew Ablakan is the founder and owner of Millennial’s Choice Group of Companies. During his college years, he worked as a part-time cook, waiter, and restaurant manager to finance his university tuition. His first venture into real estate began when he purchased a pre-construction condominium at 19 all on his own.
Matthew earned a bachelor’s degree in education, an honorary degree in law and society, a real estate broker license, a mortgage broker license, and a life insurance agent license. In his spare time, he shares his knowledge of financial literacy with students.
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