May 23, 2023
In this engaging episode of the Wheelbarrow Profits Podcast, Vincent Gethings, a veteran real estate investor and entrepreneur, shares his insightful journey and valuable lessons learned in the world of real estate. Vincent outlines how he built his successful investment portfolio while balancing his duties in the military. He highlights the importance of building strong teams and the pitfalls of spreading investments too widely.
Gethings also delves into how he manages assets, the significance of a 'return on effort' mindset, and the importance of focusing on local markets before considering out-of-state investments. As he shares his experience of owning and managing properties across multiple states, Vincent cautions against the difficulties and complexities this can entail. He emphasizes the benefits of going "a mile deep" in one or two chosen markets rather than a "mile wide."
Vince also shares his exciting upcoming plans including scaling up his franchise, restructuring his entire portfolio for higher quality product in more focused markets, and hosting the upcoming Hawaii Millionaire Mindset Conference on the Big Island of Hawaii.
If you're interested in multifamily real estate and want to learn from someone who's successfully navigating the industry, this episode is a must-watch!
Chapter Highlights:
00:00 - Intro
01:02 - Vince Gethings, Why Multifamily?
06:08 - Next Steps in Vince Gethings Journey
08:48 - Before Education what Problems Did Vince Have?
11:48 - The Decision to Change Careers
15:45 - What Were the Challenges Changing Careers
20:17 - Vince Describes Asset Accumulation and His Journey To
Entrepreneurship
25:11 - Gino Bulletpoints Vince's Comments
33:51 - Vince's Advice for Professionals Looking to get into
Multifamily
35:16 - What Does Vince Gethings Future Look Like and Where Can We
Reach Vince?
36:38 - Gino's Wrap Up.
Guests Info:
Email - vincent@tricityequity.com
Event Website - https://hawaii-millenniummindset.com
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