Troy Palmquist talks with Eric Gedalje to learn how he went from bussing tables to investing in additional than 20 properties.
June is Funding Properties and Second Properties Month right here at Inman. We’ll discover every thing together with high investor insights, the most recent at Airbnb and Vrbo, and the stunning locales rising as investor sizzling spots throughout the nation.
Lake Havasu staff chief Eric Gedalje began out on his skilled journey bussing tables. After placing his entrepreneurial drive to work, he ended up completely representing a number of developments, invested in additional than 20 funding properties and is now proprietor of the No. 1 actual property group in Mohave County, Arizona.
Watch the video above to take a look at his dialog with Troy Palmquist, then learn on to study extra about Gedalje’s greatest recommendation for each new and veteran brokers.
Identify: Eric Gedalje
Title: Workforce proprietor
Expertise: 11 years
Location: Lake Havasu
Brokerage identify: eXp Realty
Rankings: No. 1 in Lake Havasu, No. 1 in Mohave County
Workforce: The Gedalje Group
Transaction sides: 511 in 2023
Gross sales quantity: $228 million in 2023
What’s one massive lesson you’ve discovered in actual property?
That by investing in actual property, it could possibly open doorways to limitless alternatives. I discovered this by investing at a really younger age.
What would you inform a brand new agent earlier than they begin out within the enterprise?
Be sure you accomplice with a staff that has a robust presence within the market in addition to an abundance of sources to supply to make sure a fast begin.
What do too few brokers know that might make their lives simpler?
This enterprise is just not transactional; it’s all about constructing an eternal relationship that may beat out any objections that come to enterprise.
For those who might do something apart from actual property, what wouldn’t it be?
If I wasn’t in actual property, I’d be a serial entrepreneur as I initially began as an investor slightly than a salesman.
Inform us a narrative about your most memorable transaction
I quintuple-ended a deal that started off with an inventory through which I had a purchaser for, who wanted to promote his home. Nice purchasers, a number of coordinating, a number of events concerned. All events had been absolutely glad and even ended up closing early.
