Building Relationships to Maximize Profits in Real Estate Investing | John Gafford
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The Science of Flipping podcast features host Justin Colby and special guest John Gafford, a prominent figure in the real estate industry, particularly in Las Vegas. They discuss the significant growth and development in Las Vegas over the past decade, emphasizing the unique opportunities in the area due to limitations on urban sprawl and the increasing trend of redevelopment and gentrification in older neighborhoods. Gafford also highlights his personal involvement in real estate, owning Simply Vegas Real Estate and a personal team of 15 agents, as well as a vertically integrated Rocket Mortgage Brokerage and a large title company. The conversation delves into the relationship between investors and realtors, addressing the need for better communication and collaboration, and the importance of valuing the time of agents. They emphasize the importance of providing realtors with the upside in deals, such as offering a revenue share on assignment deals and providing the listing for rehab flips. The discussion also touches on the impact of Privy on the real estate industry, highlighting the challenges faced by teams due to the increasing number of investors seeking fix and flip opportunities. They discuss the speaker's expertise in team building and leadership, emphasizing the importance of understanding individuals' strengths and aligning them with suitable roles. The conversation provides insights into team dynamics and the strategic approach to real estate investment in the thriving Vegas market. The speakers express a keen interest in exploring opportunities in the Vegas market, reflecting a shared enthusiasm for the town's potential. The conversation concludes with mutual expressions of appreciation and enthusiasm, including a shared cheer for the Knights. The exchange reflects a positive and supportive relationship between the two individuals, with a focus on future endeavors and the speaker's upcoming book release.
The Science of Flipping podcast features host Justin Colby and special guest John Gafford, a promine