1,000+ Real Estate Deals: Lessons from Greg Yuter of Home Cash Guys · Investor Fuel Real Estate Show · Radar

Lessons From Market Cycles2:30 – 4:50

Greg YuterGuest

2:30

And

Mike HambrightHost

2:31

the last few years, let's not forget that.

Mike HambrightHost

2:33

So what are some of the lessons learned that you can share with just riding the ups and downs, right? There's a lot of wisdom that happens when you're going through, certainly the downs, like it's not fun.

Mike HambrightHost

2:44

But I think once you get to it, like there's some people that ride the up and all they've ever known is up.

Mike HambrightHost

2:49

And then when there's a down, they quit and they move on to something else, right? And it's like, well, whatever else you get into is also gonna have ups and downs and it's gonna get hard too.

Mike HambrightHost

2:57

So if you just keep jumping into the next thing, the next thing, the next thing, you never really build up a kind of tough skin.

Mike HambrightHost

3:03

You never build up like principles that can help you whether the next downturn or things like that.

Mike HambrightHost

3:08

And so there's a lot of lessons learned.

Mike HambrightHost

3:09

What are some of your key lessons you'd say you've learned from just riding the market cycles, if you will?

Greg YuterGuest

3:14

You know, it just, as you mentioned, you got to focus on one thing.

Greg YuterGuest

3:17

And now for years I got involved and it was doing rehabs and then it was rentals and then it was other aspects within there.

Greg YuterGuest

3:23

But, you know, at the end of the day, when you concentrate all your energy on And I like to say, you know, where focus goes, energy flows is when things start to come up.

Greg YuterGuest

3:31

So you're going to have to, I think with any business, you're going to have to understand that there's going to be dark days and great days.

Greg YuterGuest

3:36

But being persistent, just figuring out what the next challenge is as they come and seeing it through, because there's a why behind it.

Greg YuterGuest

3:44

Why am I doing this? And that actually is going to, I think, push you and pull you.

Greg YuterGuest

3:49

through those difficult times, which there will be.

Greg YuterGuest

3:51

Yeah.

Mike HambrightHost

3:52

And I think you start to learn, too, that whenever there's a down cycle or a downtime or something bad happens, there's always a silver lining there, too, right? You don't know what it is right away, but it's like there's always some positive.

Mike HambrightHost

4:04

I mean, probably almost always some positive that comes out of it.

Mike HambrightHost

4:07

It could be that your competition went to the sidelines.

Mike HambrightHost

4:09

It could be a major competitor left the business.

Mike HambrightHost

4:12

It could be just the mindset of sellers is like they're more reasonable in terms of negotiating and a lot of those things, right?

Greg YuterGuest

4:18

Absolutely.

Greg YuterGuest

4:18

There's tons of, there's always lessons to be learned.

Greg YuterGuest

4:20

You know, when the blood's in the street, as they say, right, there's opportunities, right? So just kind of figure out, hey, what's working, what's not working, reinvent.