Aug. 1, 2022

145 | Doug Donia | Real Estate For Dummies...Like Us :)


Show Summary: 

Have you considered getting into rental real estate but don’t know where to start?  Or maybe you are just thinking about making a change and trying a new career path?  Either way, our show today is for you!  

Our guest today is Doug Donia from New Branch Real Estate Advisors in North Carolina.

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Intro:

We start the show with Doug giving some background dirt on what Gary was like as a kid.  Gary quickly tries to redirect the conversation to start the actual show!

Guest Intro:

After spending 20+ years at Staples, Inc., working in Supply Chain Management and Logistics, Doug took the plunge!  He quit his job and started a new career as a self-employed Real Estate Broker and Investor.

After many years as a Broker for a small firm in his hometown, learning everything that he could about the industry, he worked to create a new Commercial Real Estate and Property Management Firm in which he remains a Partner today.  They currently have eight fantastic agents, admin support staff, and one dedicated Property Manager.  With growth each year, this experience has been one of the most rewarding of his life.

Doug personally invests in both Residential and Commercial Real Estate and encourages others to do so at every chance he gets! 

Doug is married with two children and a cat (Little Dude). He enjoys spending time with his family, metal working in his garage, hiking, and enjoying nature.

Oh, and he’s Gary's older and wiser brother....  :)

Topics Discusses & Questions Answered:

  • State of the current real estate market and where it is heading.
  • Why real estate is “better” than other investments.
  • Who should invest in real estate?
  • How do you get started in real estate investing?
  • What type of property is best for a new investor?
  • What are the ways you can make money in real estate?
  • How to use leverage to your advantage?
  • The 1% rule for cap rate.
  • How to find a good tenant?
  • How to set your rent price?\
  • What is BRRRR?

Resources:

Thanks for listening!

Doug Donia Profile Photo

Doug Donia

CEO/Partner/Broker

After spending 20+ years at Staples, Inc., working in Supply Chain Management and Logistics, I took the plunge! I quit my job and started a new career as a self employed Real Estate Broker and Investor.

After many years as a Broker for a small firm in my home town, learning everything that I could about the industry, I worked to create a new Commercial Real Estate and Property Management Firm of which I remain a Partner in today. We currently have eight fantastic agents, admin support staff and one dedicated Property Manager. With growth each year, this experience has been one of the most rewarding of my life.

I personally invest in both Residential and Commercial Real Estate and encourage others to do so at every chance that I get!

Married with two children and a cat (Little Dude), this I enjoy being able to spend time with my family, metal working in my garage, hiking and enjoying nature.

Oh, and I'm Gary's older and wiser brother.... :)