Profiting in a Competitive Real Estate Market
This month we had Nhan Lam guest speaking on: How to Profit in a Competitive Real Estate Market. Nhan is a true entrepreneur who owns and operates several successful businesses. As the son of a family who escaped communist Vietnam in the 1970s, he was conditioned to never be complacent. His parents taught him to never take the freedoms we have in America for granted and that he should always give his best in everything he does. He has a Master’s Degree in Aerospace Engineering, and he achieved great success in Corporate America. However, despite his high salary, he knew that his job would not help him achieve the goals that he desired, which were to retire his parents, be a stay-at-home parent, and have the true freedoms that were meant for every American (the freedom of choice).
He continually sought out business opportunities in his spare time and became successful in several of them on a part-time basis but realize that his passion was in real estate. In 2011, he decided to attend a Real Estate Rehabbing Bootcamp. From there, he applied what he learned to building a sustainable real estate business while he was still working on his full-time job. Within 2 years, he replaced his full-time income and left his job.
He is a father to 5 children and the thing that he enjoys the most is his ability to be flexible to the needs of his family. Since going full time, he averages 12 to 15 deals per year which includes Rehabs, Wholesales, and Rentals and has also started a Real Estate Investing Education company to help students get started. As of 2022, he has trained almost 1,000 students face to face or virtually through his bootcamp trainings and mentoring programs and is proud to say that the success rate of his students are well above industry average. He contributes this success to his commitment to provide a customized business plan for students based on the skills they have today and not commit them to long-term learning that may lead to nowhere. He believes that the measure of success is not by how much money you make, but instead by how many people you have helped along the way to achieve the same success.
Watch the Recorded Meetup Here
What is the Harrisonburg Investors Network?
The Harrisonburg Real Estate Investors network is a group of experienced investors, agents, lenders, attorneys, insurance brokers, contractors, and real estate newbies looking to grow their business. They focus on real estate investing ranging from residential to multifamily investments and active to passive real estate investing. Their goal is to establish a community of real estate professionals, both amateur and experienced, that creates the network and environment to grow everyone’s business. Check out their Facebook page or join their Meetup group to get more information about upcoming meetings!