Sep 10, 2019
Everyone wants a place to call home, even if they buy or own it. They still have the same desires, wants, and needs of a homeowner—community, safety, and someone who cares.
Today, I’m talking to Bruce Wuollet of Bakerson’s about how to create community, assets that improve areas, and make money. Bakerson’s focus is on Class C workforce housing (a.k.a. permanent renters).
Topics on Today’s Episode:
- Create community by quickly responding to and handling problems; treat tenants with dignity and respect; and be disciplined to take pride in property
- Raise Capital: Switching from friends and family to tapping into LinkedIn
- Find New Leads: Getting more deals and capital require wide network of friends/family and steady supply of new leads
- Teach and Share What You Know: Podcast platform promotes Bakerson’s story
- Where is wealth? How do you create wealth? Create passive income
- What's the difference between holding a property for 3 or 10 years? No one knows, so play the long game to create legacy wealth
- Job Well Done: Do what you said you would do when you said you would do it, the way you said you would do it
- Communication is Critical: If investors are happy and their equity is growing, you’re growing along with them; good or bad news, they just want news
Links and Resources Mentioned:
- Bruce Wuollet's Email
- Bakerson LLC
- Bruce Wuollet on LinkedIn
- Money Radio
- Fort Lowell Realty Property Management
- CALCAP
- Fannie Mae
- Freddie Mac
- Kahuna Investments
- Michael Blank
- Multifamily Legacy Podcast on YouTube
- Multifamily Legacy Podcast on Facebook
Quotes by Bruce Wuollet:
“Our focus is the permanent renter. The one who may never own a home and would like to live in one.”
“There's people that don't pay their bills...they got to go. (They) don’t fit our community. You're not taking care of what you're supposed to take care of.”
“You want a clean community. Just doing the right things right is really powerful.”
“You’re not going to grow without learning.”
Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes.