Lesson Realized: Put money into Actual Property for Infinite Alternative

Troy Palmquist talks to Eric Gedalje to learn how he went from bussing tables to investing in over 20 properties.

In June Funding Properties and Second Properties Month right here in Inman. We’ll discover the whole lot together with prime investor insights, the most recent on Airbnb and Vrbo, and wonderful locations rising as investor sizzling spots throughout the nation.

Lake Havasu staff chief Eric Gedalje started his skilled journey with desk strolling. After placing his entrepreneurial spirit to work, he ended up specializing in a number of developments, invested in over 20 funding properties and is now the proprietor of the #1 actual property group in Mohave County, Arizona.

Watch the video above to take a look at his interview with Troy Palmquist, then learn on to be taught extra about Gedalje’s finest recommendation for each new and veteran brokers.


Identify: Eric Gedalje

Title: The proprietor of the staff

Expertise: 11 years

Location: Lake Havasu

Brokerage title: eXp Realty

Ranges: No. 1 in Lake Havasu, No. 1 in Mohave County

Crew: Gedalje group

Transaction sides: 511 in 2023

Gross sales quantity: $228 million by 2023


What is the greatest lesson you’ve got discovered about actual property?

That by investing in actual property, it will probably open the doorways to countless alternatives. I discovered this about investing at a really younger age.

What would you inform a brand new agent earlier than they begin the enterprise?

Ensure you’re partnering with a robust staff within the market and loads of sources to supply to make sure a fast begin.

What do only a few brokers know that may make their lives simpler?

This enterprise just isn’t occurring; it is all about constructing lasting relationships that may eradicate any opposition that comes into the enterprise.

In the event you may do anything apart from actual property, what would it not be?

If I wasn’t in actual property, I might be a serial entrepreneur as I initially began as an investor relatively than a salesman.

Inform us a narrative about your memorable buy

I closed a deal that began with an inventory I had for a purchaser, who wanted to promote his home. Nice purchasers, plenty of connections, plenty of events concerned. All events have been totally glad and even ended up closing early.

Troy Palmquist is eXp California’s director of development. Comply with him on Instagram or join with him on LinkedIn.



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