Podcst
Why Strategic Partners Are the Key to Scaling Your Real Estate Portfolio | Stan Gendlin by Justin Colby

Why Strategic Partners Are the Key to Scaling Your Real Estate Portfolio | Stan Gendlin

from The Science of Flipping

by Justin Colby

Published: Fri Sep 06 2024

Show Notes

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In this episode, Stan Gendlin, a seasoned real estate investor, dives deep into his evolution from flipping homes to building a massive real estate portfolio, currently managing over 700 rental doors with a goal of reaching 10,000. He explains how he strategically mapped out his financial goals and created a simple, actionable plan by calculating the income he needed from rentals and working backward to determine the number of properties and flips required. Stan highlights the power of virtual real estate investing, revealing that most of his transactions were done remotely, proving that physical presence isnโ€™t always necessary to succeed.

He emphasizes the importance of building strategic partnerships, sharing how teaming up with specialists in construction and development helped him scale from a solopreneur doing 10 deals a year to running multiple businesses and completing hundreds of deals. One of the key takeaways is his method for raising private capital, making lenders feel comfortable through transparency and strong relationship-building. He also touches on the significant tax benefits available to high-income earners through cost segregation, particularly for those who want to invest in real estate without being directly involved.

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Connect with Stan!

Instagram - @stangen9

Facebook - https://www.facebook.com/stanislav.gendlin

Website - vanrockre.com

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Have a question? Ask me anything at https://www.askjustin.ai/

๐€๐›๐จ๐ฎ๐ญ๐‰๐ฎ๐ฌ๐ญ๐ข๐ง: After graduating from UCLA in 2003with an English degree, Justin went directly into business for himself. He has never had a W-2 job. In 2005he got into real estate by co-founding a brokerage in the Northern California area. Quickly he realized that being a realtor was not for him.

In 2007he got into real estate investing full time. 16 years later, Justin has flipped well over 2600properties, accumulated millions in rental properties, and is an active investor to this day.

His success in real estate led him to start The Science Of Flipping podcast and education company, where he has coached and mentored over one thousand aspiring and active investors.

He is a nationally recognized speaker and is on a mission to educate as many people as possible on becoming a successful dynamic real estate investor.

๐‘พ๐’‰๐’‚๐’•๐’•๐’‰๐’†๐‘ท๐’“๐’๐’”๐‘ฏ๐’‚๐’—๐’†๐‘ป๐’๐‘บ๐’‚๐’š๐‘จ๐’ƒ๐’๐’–๐’•๐‘ฑ๐’–๐’”๐’•๐’Š๐’:

โ€œJustin is one of the best trainers in this space. He really gives everything to his tribe.โ€ โ€“ Brent Daniels (TTP)

โ€œJustinโ€™s ability to connect with people and help them understand what he is teaching, is unparallelledโ€ โ€“ Kent Clothier (REWW)

โ€œWe have been in the trenches flipping homes in Phoenix for over a decade, he is one of the best to do it.โ€ โ€“ Sean Terry (Flip2Freedom)

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