263 - Rental Property Prosperity with John Blackburn

Rental Property Prosperity with John Blackburn   In this episode of REIGN, Jen Josey hosts real estate expert John Blackburn who shares his journey and insights in the real estate world. John talks about his early days in real estate, how he leveraged educational resources like Fortune Builders, and the significance of overcoming initial setbacks. The discussion extends to the key strategies for real estate investing, including the importance of staying educated on market trends, forming a solid network, and making consistent offers. John also sheds light on the benefits of investing in rental properties outside one's local area, tips for avoiding over-renovation, and how to maximize returns with smart property management strategies. With engaging anecdotes and practical advice, this episode is a treasure trove for both new and seasoned real estate investors.   00:00 Introduction to REIGN and Host Jen Josey 01:01 Today's Topic: Staying Educated on Market Trends 02:51 Introducing Guest John Blackburn 04:45 John Blackburn's Real Estate Journey 07:55 The Importance of Coaching in Real Estate 11:50 Investing in Rental Properties: Strategies and Misconceptions 18:21 Hot Markets and the 1% Rule 20:58 The Power of One Rental Property 25:05 First Steps to Acquiring a Rental Property 25:42 Top Three Steps for Real Estate Success 26:18 Setting and Achieving KPIs 26:50 First Property Success Story 27:50 Importance of Making Offers 28:53 Exploring Different Real Estate Strategies 30:21 Common Mistakes by New Investors 32:31 Staying Motivated in Real Estate 34:33 The Reward of Student Success 36:10 How to Get Started with Rental Property Pro 37:59 Final Thoughts and Advice