EP 376 - Should You Take Your Real Estate Business National or Stay Local?

What did you think of todays show??We’re making a major change to our real estate business — and it might surprise you. After years of managing both local and national operations, we’ve learned which business model brings more profitability and less risk.In this episode, find out how we’re scaling down while boosting profits and what downsizing could mean for our future. We discuss the pros and cons of running a local versus national real estate business, how each has impacted our bottom line, and why we’re enjoying working in our business again. Hear why we’re making this bold shift and consider rethinking your own strategy!Topics discussed:Why we’re changing our business model (1:24)Pros and cons of running a national real estate business (5:30)The benefits of operating in local markets (7:44)How profitability and risk changes as you scale (10:51)The best way to leverage your business to build wealth (20:31)Managing cash flow in your business (22:15)When to stop delegating and get back to working (24:02)Don’t trust these real estate gurus (27:15)Preparing for the next real estate upswing (31:52)Learn more about the Collecting Keys SCALE Community! https://collectingkeys.com/scale/Check out the FREE Collecting Keys “Invest Anywhere” Guide to learn how to find deals in ANY MARKET Completely virtually (this is how we scaled to over a dozen markets)!https://instantinvestor.collectingkeys.com/invest-anywhereFollow us on Instagram!https://www.instagram.com/collectingkeyspodcast/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/https://www.instagram.com/dylan_does_dealsThis episode was produced by Podcast Boutique https://www.podcastboutique.com