057: From Local Government to Real Estate Investing with Perry Keenan

Imagine stepping into an exciting world of real estate investing, guided by the lessons learned from seasoned entrepreneur, and former mayor, Perry Keenan. Now, picture navigating this vibrant landscape using insights gained from unique experiences, from flipping houses to dealing with tricky tenants and managing a mobile home park. Sounds intriguing, doesn't it?

Join Jonathan on a fascinating journey as he unravels the many aspects of property investment with Perry Keenan of Keenan & Associates. Perry sheds light on the often-overlooked actual costs of flipping houses and the importance of having reliable contractors on standby. He also shares how TV shows have dramatically altered people's perceptions of real estate investing. Discover how partnerships and collaborations can lead to great strides in the real estate world as Perry recounts his own experience under contract for a mobile home park in Alabama. Jonathan and Perry also unpack the Power of 10, a concept introduced by Johnny Lindahl that has changed how Perry and his wife approach the rental game.

As Jonathan wraps up his chat with Perry, we explore the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat), which Perry and his wife used to their advantage when purchasing and refinancing a mobile home park. Perry also introduces his innovative idea of the “reverse burr” strategy, a game changer that can lead to a substantial windfall.

Whether you're a budding real estate investor or a seasoned pro looking to shake things up, this episode promises to provide a wealth of knowledge.

In this episode, you will hear:

Perry Keenan's introduction to real estate investing, which was sparked by an invitation to a conference, and his first successful foray and how that ignited a passion that led to flipping houses and navigating the complexities of property partnerships
The reality of real estate investing, the need to have contractors on standby, the hidden costs of flipping a house, and how TV has skewed the perception of the industry
Perry's venture into contract negotiations for a mobile home park in Alabama that highlights the importance of partnerships in real estate
His insights on problem-solving in real estate investing and a challenging tenant situation he successfully resolved
Perry Keenan's introduction to real estate investing, which was sparked by an invitation to a conference, and his first successful foray and how that ignited a passion that led to flipping houses and navigating the complexities of property partnerships
The reality of real estate investing, the need to have contractors on standby, the hidden costs of flipping a house, and how TV has skewed the perception of the industry
Perry's venture into contract negotiations for a mobile home park in Alabama that highlights the importance of partnerships in real estate
His insights on problem-solving in real estate investing and a challenging tenant situation he successfully resolved
The concept of the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat) in real estate and how Perry and his wife utilized it to buy and refinance a mobile home park
Perry’s innovative “Reverse BRRRR” strategy and the management of costs for vacant or repair-needing properties using income from other properties

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