John Casmon joins Jerome Myers on the Myers Methods Presents Multifamily Missteps Podcast to discuss the missteps associated with partnerships. We learn why he decided to leaving fixing and flipping behind and how we went from a duplex to controlling over 90,000,000 in multifamily real estate. John shares how he had a deal go bad because of a lack of respect in the partnership. We hear what motivated him to be an advertising executive and why he left that career behind.
John believes that respect is a non-negotiable.
In this week's show we learn about:
– the importance of harnessing your transferable skills
– how to expand your investor database past your friends and family
– why you have to have cushion in your estimates
– when you should trust your gut
– the similarities between a partnership and a marriage
– what happens when only the lender makes money
– how emotional drain can have more impact than financial
– the importance of being able to adjust when your plan derails
– why you shouldn't let your budget dictate who you work with
If you are interested in getting more multifamily investing education go to www.myersmethods.com
