Work to Learn, Not to Earn on Your First Deal with Phil Capron

Welcome to the Real Estate (Un) Success podcast where our host, Cody Lewis talks to people from the real estate community, sharing real stories about their struggles, pains, and even losses during their own real estate journey. In this episode, Phil Capron talks about how he learned a hard lesson on, “working to learn before working to earn”.

 

 

 

Phil served honorably as a Naval Special Warfare Combatant Craft Crewman, where he spent his days jumping out of planes, shooting, and manning the radios on the small fast boats that take Navy SEALs and other Special Operations personnel to and from their missions in non-permissive or denied areas of the world.

 

 

 

During his time in service, Phil realized that real estate was something he had a passion for and could help others, so he committed to pursuing it further. He took a real estate license course while still in the Navy and upon separation in 2012, immediately went to work selling his military buddies' homes as they transferred to and from Virginia. In 2019, Phil penned his first book "Your VA Loan: and How It Can Make You a Millionaire" in an effort to educate more military members and veterans about real estate.

 

 

 

 

Key Takeaways

 

• Even if you’re working with your best friend or a family member, write up an agreement and set the expectations.
• Mitigate your risks, early on, especially if you’re new.
• If you’re working on you first flip or your first renovation project, add a little to cushion the end of you budget and schedule. For a startup or someone new, 10% may be an appropriate cushion.

 

 

 

 

 

 

Thanks for listening to The Real Estate (Un)Success Stories podcast.  Help someone hear the challenges we went through so they can avoid the same mistake by sharing this episode or listen to our previous episodes. Please don’t forget to leave a review and 5-star rating on your favorite podcasting platform.

 

 

 

 

Vendue Capital is on the Web and, you can connect with our host, Cody Lewis on LinkedIn.

 

 

 

Production services for The Real Estate (Un)Success Stories podcast are provided by Downtown Podcasting. To start a conversation on how you can have a podcast, simply send an email to info@downtownpodcasting.com.