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

The Bruce Bright Breakdown

▶️ 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