{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"How Marck's Companies Have Flipped Over 1,600 Homes featured on The Wholesale to Millions Podcast","description":"There comes a time when tables turn. A host becomes a guest, and a guest becomes a host. Today, I get to be a guest on King Khang\u2019s podcast. Khang will be interviewing me, intending to understand my real estate journey. Khang and I are members of the Collective Genius  Mastermind, and we are both immigrants to the country. My real estate journey started when I was pursuing my MBA. I flipped a house and thought it would be a great path to follow. So far, I\u2019m glad I chose the right path. In this episode, we\u2019ll talk about how I started in real estate, built a team, work-life balance, how I survived a recession, and Airbnb\u2019s, among other interesting topics.   Grab a notebook and pen. You might need to take some notes. Key Talking Points of the Episode: [02:23] Where is my origin? [02:57] How I started as an entrepreneur [06:13] How I flipped my first house [09:57] How to build a team [12:59] When do you know you are ready to start hiring people? [14:20] How many hours a day did I work when I started? [16:08] Work-life balance [21:01] Why do I think celebrity couples don\u2019t work out? [23:53] How was the 2008 recession? [27:45] How you can protect yourself as a fix and flip in case there is another recession [29:43] How much reserve should you have when fixing and flipping property? [32:00] My take on the current real estate market [35:28] Single-family versus multifamily [37:19] My thoughts on Airbnb [42:34] Where I\u2019m I doing my business at? [43:49] The upcoming The Multimillionaire Club Quotes from the Episode: \u201cIf your pocket is not deep enough doesn\u2019t mean other people don\u2019t have a deep pocket.\u201d \u201cFor every rental property that you own, you should have $3,000 in reserves, in my opinion.\u201d \u201cThe first thing that happens in a real estate downturn is that the ability to borrow money dries up quickly for those that are not well supported.\u201d \u201cAnyone who aspires to be best in class, they throw work-life balance out the door.\u201d \u201cFor every two or three wholesale deals you do, you\u2019ve got to start holding on to one.\u201d \u201cDon\u2019t compare your success or progress level with someone else\u2019s. Because we all learn differently.\u201d ","author_name":"Mistake FREE Real Estate With Marck de Lautour","author_url":"http:\/\/sbdhousing.libsyn.com\/website","html":"