Real estate investing has often been associated with the concept of ‘Mailbox Money,’ the concept of having a continuous stream of passive income without having to work for it; rather having your money work for you. Sound appealing? As real estate entrepreneurs, we are constantly sourcing those very opportunities that create that passive revenue stream for ourselves and our investing partners.
Our special guest on today’s episode is Yeadon Smith, Owner and Real Estate Broker at Live Oak Real Estate. Live Oak Real Estate is boutique brokerage in South Carolina that serves both residential and commercial clients in real estate. He is also the Founder of Live Oak Rental Properties Property Management and Live Oak Capital Funds and is an active investor who leverages creative financing structures and equity structures with his investors to create the ideal investment opportunity for him and his investing partners. Yeadon’s investing strategy is centered around a systematic and analytical approach to acquisitions to produce great risk adjusted returns.
In this episode, we cover:
How Yeadon found his entry into real estate investing?
Utilizing creative financing to create opportunities.
Identifying the right investment opportunities.
What’s the exit strategy?
Targeting “Mom and Pop” owned businesss.
Yeadon’s systems he’s implemented in his business to help him scale and grow.
Tune in today as Yeadon covers all of these informative topics and much more in this information packed episode!
The Final Four:
1. What do you like to do for your continued education to further your investing?
Yeadon: “I’m a huge fan of audiobooks, a huge fan of podcasts. I listen to them when I run, usually. Sometimes it just cranks up my music and goes for it. Conferences, masterminds, you know, if you’re the smartest person in the room, you need to change rooms. You’ve got to change rooms.”
2. Who’s been the biggest inspiration for you and your success thus far?
Yeadon: “Biggest inspiration really is three men. One is my dad. A huge motivation for me and in my career, but then in specific real estate and multifamily, my cousin Janet. And then Tim Bratz, seen him, his story, listening to him. His belief bled over into me like, Oh, I can do this.”
3. What advice would you’d give to the listeners to help them grow their businesses?
Yeadon: “This is work. It’s a huge amount of work. There is no such thing as an overnight success. Go to conferences. Build relationships with successful operators.”
4. How can the listeners learn more about and connect with you?
Yeadon:
Facebook: Live Oak Investment
