In this episode of the REsimpli podcast, Sharad Mehta interviews Thomas DeMoss, a seasoned real estate investor with over 20 years of experience. Thomas shares his journey, from starting with a single-family rental in Chattanooga to building a diverse real estate portfolio. Inspired by the classic "Rich Dad Poor Dad," Thomas began his investing career while working a full-time job. Over the years, he transitioned from a buy-and-hold strategy to focusing more on wholesaling, all while navigating a rapidly changing market. He explains how adapting to the effects of COVID-19 and rising interest rates led him to streamline operations and focus on high-margin wholesale deals.
Thomas also emphasizes the importance of trust and credibility in real estate. He shares how transparent communication and a commitment to providing value have been key to his success, especially when dealing with distressed sellers. Overcoming ethical dilemmas around assignment fees, he learned that success goes beyond money—it's about genuinely helping people. He also highlights how real estate has enabled him to prioritize his family and achieve a healthy work-life balance.
To connect with Thomas DeMoss and learn more about his approach to real estate investing, you can find him on social media through Chattanooga Property Solutions. Be sure to check out his profiles on Facebook and Instagram for insights and updates on his real estate journey.
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