{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Episode 105: The Advantages of Starting a Business During the Great Recession \u2013 with Drew Homola","description":"Remember when Lehman Brothers failed? It marked the climax of the subprime mortgage crisis and prolonged \u2018The Great Recession\u2019, which was the steepest economic decline in the U.S. since the Great Depression back in the 1930\u2019s. It led to credit freezing, foreclosures skyrocketing, and left the overall market pretty bitter and sour on real estate. The date was September 15, 2008. That\u2019s when Drew Homola jumped into the game and started his home building company! Was he crazy? Or crazy like a fox? Here\u2019s a sample of what we discuss: \uf0b7 The advantages of starting a business during a downturn. \uf0b7 His biggest money management mistake\u2026 and what he\u2019s doing instead \uf0b7 A little-known, almost accidental real estate investing strategy that made him $70k \u2026 in just a few short months! \uf0b7 The pros and cons of having a license as a real estate investor\/builder. \uf0b7 Tips on how to vet and find a reliable and trustworthy contactor (from a contractor!). \uf0b7 Practical insights on how to implement effective cash flow management and controls. \uf0b7 The biggest challenges in ground-up construction (and how to mitigate them). \uf0b7 Much, much more!! More about Drew Homola: Drew Homola started as a home builder and general contractor during the depths of the Great Recession. Through the years he had built houses for other people, but soon realized he needed to start owning real estate in order to attain true financial security. And that\u2019s exactly what he\u2019s done! He currently owns First Choice Builders, First Choice Real Estate, and First Choice Capital. His primary focus these days is acquiring and developing assets through First Choice Capital, as he\u2019s been able to create systems and recruit great employees who run the day-to-day operations of First Choice Builders and First Choice Real Estate. For contact info, visit our website www.InstantInvestorPodcast.com\/episodes and type in the search bar: Drew Homola ","author_name":"&lt;b&gt;Instant Investor Podcast&lt;\/b&gt;&lt;br&gt; &lt;i&gt;  (Formerly: The M.O.R.E. Podcast)&lt;\/i&gt;","author_url":"http:\/\/themore.libsyn.com\/website","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/32744812\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/176866767"}