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04. David Oakley - Power of Entrepreneurial Spirit in Building a Real Estate Business Episode 4

04. David Oakley - Power of Entrepreneurial Spirit in Building a Real Estate Business

You may have heard how the housing market is in crisis right now, but what they’re not telling you is that there is still plenty of money to be made by investing in real estate. David Oakley is the founder and CEO of the Oakley Group, a property management firm that’s putting relationships first. David says he owes his success to his entrepreneurial spirit and his friends. Where would you be without the relationships in your life?

· 59:29

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▶️ A lot of people want to be entrepreneurs but don’t know how: when it all started and how David did it. 00:44
👦 Cutting grass and creating a yard-mowing company before junior high: thank you LayAway. 03:06
😎 The entrepreneurial spirit in a teenager: realizing you can make money and control your time. 05:44
🥅 David learned what rental property means and wanted to own one in high school. 06:38
👨‍🎓 Learning what his passion was with the help of professors: passion as a guiding principle. 9:59
👉 How Oakley Group was born. 14:30
🚪 Ways of getting into real estate: brokerage, property management, mortgages, and through being an analyst. 17:30
💎 You can do it: “If you find the deal, there's money out there that would love to pair up with you.” 19:29
💪 Surround yourself with people who are smarter than you are: hard work - academically and in business - always pays off. 23:50
2️⃣ Two lanes David chose for his business: buying value-add existing properties and construction development. 26:09
💸 Challenge is big when bakers start pulling back: the importance of building relationships. 34:50
🏗️ What’s going on in the home-building industry. 36:10
🔮 What is the future of housing? Modular homes and bringing affordable housing to the market is really critical.  42:41
🌪️ Building requirements for flood or tornado protection save housing: new patents and evolution. 46:30
🏘️ We're in a recession: interest rates are still extremely low, and there is a shortage of housing. 50:51
😇 It is hard to buy a first home but multifamily can help: more people are shifting towards rental.  53:12
✨ Never underestimate the power of an introduction. 58:35

Links
👉 Connect with David: www.linkedin.com/in/davidroakley
 🏘️ David’s Real Estate Company: www.oakleygroup.com
🖥️ Connect with Bruce:www.ontargetleading.com
🔗 Get in touch with Bruce: www.linkedin.com/in/dr-bruce-bright-1098339

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