In this episode of the REsimpli podcast, Sharad Mehta interviews Brandon Cobb, a successful real estate investor and developer. Brandon shares his journey, from being unexpectedly fired from his job in medical device sales to transitioning into real estate. The shock of losing his job taught Brandon the hard lesson that loyalty to a corporation doesn't guarantee financial security. This experience spurred him into entrepreneurship, leading him to invest in real estate.
Initially, Brandon juggled various ventures, including an online course and motivational blog, but real estate became his focus after successfully flipping his first property within six months, making $30,000. However, his early years in real estate were tough, involving high stress, burnout, and financial strain. Despite these challenges, he persevered and expanded his business to focus on entry-level housing developments for first-time home buyers.
Brandon shares how his business, HBG Capital, transitioned from flipping homes to large-scale new construction projects, including a 75-home development. He emphasizes the importance of risk mitigation in real estate, particularly in managing capital and liquidity. He outlines six key strategies for mitigating risk, including having multiple exit strategies, controlling debt, building downside protection, and securing capital partners.
The conversation also delves into the importance of aligning personal values with business goals. Brandon highlights that real estate has enabled him to create unforgettable experiences with his family and loved ones, reinforcing his personal mission of living a life full of meaningful connections. He concludes by discussing his passion for cooking and biohacking, emphasizing the importance of maintaining health and balance while pursuing business success.
For those interested in learning more about Brandon’s strategies, he offers a free eBook on his website, which provides insights into the critical questions to ask before investing in real estate. His website is hbgcapital.net
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