In this episode, Jonathan welcomes Mike Cossette, a seasoned real estate broker and investor based in Austin, Texas. Mike brings over 20 years of expertise in residential and commercial real estate, specializing in luxury homes, multifamily units, short-term rentals, small commercial properties, and portfolio growth strategies.
Gain invaluable insights into why obtaining a real estate license can be a significant advantage for investors, highlighting benefits such as commission savings, direct property access, and essential contract knowledge. Mike shares his personal journey of becoming an investor first during his college days through strategic property investments, including a memorable fraternity house that served as a powerful introduction to real estate profitability.
Jonathan and Mike delve into market timing versus market longevity, emphasizing the critical need for investors to continually adapt strategies to evolving market conditions. They discuss the opportunities currently available in smaller multifamily properties and why now could be the perfect time for such investments, especially considering seller financing options.
In this episode, you will hear:
- How obtaining a real estate license is highly beneficial for property investors.
- Mike’s journey from first property investment to becoming a real estate agent
- The importance of adaptability in changing market conditions.
- Insights on Airbnb’s early growth and house hacking strategies
- Strategic benefits of investing in small multifamily properties
- How creative investment opportunities can offer both high risks and rewards.
- How relationships are foundational to sustained success in real estate investing.
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Supporting Resources:
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