JF70: Over 40 Years of Real Estate Investing Lessons in Under 30 Minutes

<p class="MsoNoSpacing">A life’s worth of lessons is jam-packed in today’s episode with our Best Ever guest. From crashing in burning to building a business back up again with only a couple thousand dollars. Deal syndication, overcoming paralyzing terror, flipping, urban rehab projects, deal structure with investors and so much more is discussed. Let’s go! </p> <p class="MsoNoSpacing">Tweetable quote:</p> <p class="MsoNoSpacing"> </p> <p class="MsoNoSpacing">Following your dreams without a viable Plan B is foolhardy.</p> <p class="MsoNoSpacing"> </p> <p class="MsoNoSpacing">Phillip Elmes’s real estate background:</p> <p class="MsoNoSpacing"> </p> <p class="MsoNoSpacing" style= "margin-left: .5in; text-indent: -.25in; mso-list: l0 level1 lfo1;"> <!-- [if !supportLists]-->-<span style= "font-stretch: normal; font-size: 7pt; font-family: 'Times New Roman';">       </span> <!--[endif]-->Founder of NDP (Neighborhood Development Partners)</p> <p class="MsoNoSpacing" style= "margin-left: 1.0in; text-indent: -.25in; mso-list: l0 level2 lfo1;"> <!-- [if !supportLists]--><span style= "font-family: 'Courier New'; mso-fareast-font-family: 'Courier New';">o<span style="font-stretch: normal; font-size: 7pt; font-family: 'Times New Roman';">  </span></span> <!--[endif]-->Buying, improving and reselling homes in Chicago’s south side inner city neighborhoods</p> <p class="MsoNoSpacing" style= "margin-left: .5in; text-indent: -.25in; mso-list: l0 level1 lfo1;"> <!-- [if !supportLists]-->-<span style= "font-stretch: normal; font-size: 7pt; font-family: 'Times New Roman';">       </span> <!--[endif]-->Licensed broker since 1973 – been in real estate over 40 years</p> <p class="MsoNoSpacing" style= "margin-left: .5in; text-indent: -.25in; mso-list: l0 level1 lfo1;"> <!-- [if !supportLists]-->-<span style= "font-stretch: normal; font-size: 7pt; font-family: 'Times New Roman';">       </span> <!--[endif]-->Active in real estate since then as both a broker and developer of residential and commercial real estate</p> <p class="MsoNoSpacin