Real Estate Agents & Investors Going Broke!

In this episode, we discuss the financial struggles facing real estate agents and investors in the current market downturn. We delve into the impact of reduced transactions, the challenges of maintaining income in a tough economy, and strategies to stay afloat. With insights from top 1% agent Beth Traversal and the three amigos, we explore the future of the real estate industry and how professionals can prepare for the changing landscape. Tune in to learn about the shifts in the market, the importance of marketing, and why having a solid financial plan is crucial for weathering the storm. [00:00:00] Introduction to the topic: Real estate agents and investors facing financial difficulties. [00:00:43] Discussion on the declining number of real estate agents and the impact on the industry. [00:01:10] Beth Traversal's insights on the shift from hobbyist agents to full-time professionals. [00:02:56] The importance of maintaining marketing efforts to stay top of mind and capture market share. [00:04:24] The end of easy money in real estate and the need for true operators to do the work. [00:05:39] Matt's perspective on the reduction in real estate teams and the comparison to the Great Recession. [00:07:21] Dan's explanation of the general public's misunderstanding of the real estate market and the distinction between agents and investors. [00:08:52] The impact of high-pressure sales tactics and the need for investors to remain focused and cautious. [00:10:05] The importance of becoming a specialist and leveraging social media to build a personal brand and authority. [00:14:23] Closing thoughts on the importance of preparing for recessions, building a financial cushion, and seizing opportunities in downturns. Beth Traversal Group One Rental at a Time Lumberjack Landlord (Matt's Channel) Dion Talk Financial Freedom (Dan's Channel) Thank you for joining us in this insightful discussion on the current challenges facing real estate agents and investors. If you found this episode valuable, please rate, follow, share, and leave a review. Your feedback helps us continue to provide relevant and helpful content. Stay prepared, stay informed, and remember that opportunities abound even in tough times. See you next time! 📖 BUY One Rental at a Time https://amzn.to/3jt3JFx 📣 Audible Version Here https://amzn.to/3jtLDTQ OR 🏆 Buy 15 Conversations with Real Estate Millionaires https://amzn.to/3JwEsVm Dion from Dion Talk is Narrator!!! NOW ON AUDIBLE https://www.audible.com/pd/B0BDPSZW3Y/?source_code=AUDFPWS0223189MWT-BK-ACX0-322007&ref=acx_bty_BK_ACX0_322007_rh_us 📸 INSTAGRAM: Please follow. Daily original content! https://www.instagram.com/onerentalatatime/ 📬 (MUST JOIN!) PRIVATE Facebook Group: One Rental at a Time Works This is a VERY private group that is only available to my students of "How to Get Started One Rental at a Time" In the group, you will be around hundreds of other students all doing the work. Please introduce yourself when you join! JOIN HERE: https://bit.ly/3tEQhRm TEACHABLE COURSES: Join the THOUSANDS of students changing their financial future with DAILY execution! 💎 How to Get Started One Rental at a Time: This course is changing lives! Investors focus and do the daily work required to learn their market and only do GOOD Deals. JOIN HERE: https://bit.ly/3uDrkHq 💸 Get Money Right: This course is about making you the CFO of your money. It shows you how choices can keep you poor or set you free. It highlights your Financial Health Score and provides a monthly budget to help you track spending. JOIN HERE: https://bit.ly/3wbN9yr 📲 MENTORING OPTION: I built my courses to run without me but some folks find themselves in interesting situations and they want to ask questions directly. So after much thought I have created this option that includes one “30 Minute Mentoring” session that can be used at students request. JOIN HERE: https://bit.ly/3hivsc5 ✍️ FREE COURSE: I put together a Free Course so people can get to know me a little more and have fun getting started with no cost. JOIN HERE: https://bit.ly/3hdMbgK 📣AUDIOBOOK: https://amzn.to/3jtLDTQ PLEASE LEAVE 5 Stars! *** Tag me on IG with a book selfie! 🧢 MERCH: I have created some fun merchandise designed by my daughter. Check out Merch Page here: https://one-rental-at-a-time.myshopify.com/