24. Going all in with Trent Werner

Westside Investors Network

ABOUT TRENT WERNER

Trent is a Real Estate Broker, Investor, and Portfolio Facilitator. In Trent's professional career he strives to help as many people as possible create wealth through real estate and wants to help his clients achieve financial independence. He is also a Co-Host of the Desk Talk Podcast that focuses on business, personal development, and ALL things real estate. Outside of his career, Trent coaches a high school baseball team, has an amazing wife and enjoys playing golf whenever possible.

THIS TOPIC IN A NUTSHELL:

[01:23] His career background

[02:37] How he got started in Real Estate and Investing

[04:40] Major life event that altered his life perspective

[09:35] First project: Buying a Duplex

[10:52] Starting a rental portfolio

[11:38] Opportunities to partner with some people to buy more real estate

[12:46] Benefits of buying Duplex compared to Single Family homes

[15:43] Process on closing the deal

[17:25] Takeaways from first few projects

[18:32] Using hard money loan to finance the property

[19:07] Rewards that you get from serving tenants

[20:18] Finding value-add properties through MLS

[22:02] Negotiation process on buying a condo

[23:54] Key to success on doing his last 3 deals

[27:34] Using an offsite professional to become more efficient

[29:31] What is an offsite professional and how they can help you

[30:40] Biggest learning curve and challenges on Coaching

[33:10] Using technology (Loom video) to train team members

[35:31] Advice to his younger self

[36:20] First Entrepreneurial Endeavor

[37:43] How Formal and Informal training shaped his journey

[39:20] The Deal that got away

KEY QUOTES:

[07:47] When someone goes through a traumatic experience, it alters their perspective on life. It forces them to understand life at a deeper level. Going and hanging out with your friends is always a fun time but doing something more with your life is even cooler, in my opinion.

[19:10] I had tenants who were thanking me because they feel like the property was not taken care of by the previous owners. So now I understand the reward that you get outside of the financial piece and just being able to get a 120-year-old building back to what it should be and it was even more rewarding than fixing and saving money on contractors, that sort of thing.

[23:58] I think the key to the success of deals that I have done is just taking action and not getting stuck on analyzing a bunch of deals. It’s okay to fail and I try to learn everything I can from them and take that on the next deal. The ability to not be afraid of making mistakes and understand that mistakes are going to be made is something that helped me grow in the last 2 or 3 years.

SUMMARY OF BUSINESS

Trent has been a Real Estate Broker in Oregon for three years and Washington for two years. He has an ownership interest in six rental units and is in the process of flipping a condo in Southwest Portland. Over the last three years in real estate, he has increased sales business by 40% on average year over year while doubling his investment portfolio in the same time frame.

ABOUT THE WESTSIDE INVESTORS NETWORK

The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.

The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.

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You may contact Trent Werner via:

Email: [e-mail]

LinkedIn: https://www.linkedin.com/in/trent-werner-6a8b40ab/

Portfolio: https://www.trentwerner.com/

Podcast: https://desktalkpodcast.buzzsprout.com/

Social Media:

▪ Facebook: https://www.facebook.com/TJWRealEstate

▪ IG: https://www.instagram.com/realtortrentw/

▪ Podcast: https://www.instagram.com/desktalkpodcast/

CONNECT WITH US
For more information about investing with AJ and Chris:
· Uptown Syndication | https://www.uptownsyndication.com/
· LinkedIn | https://www.linkedin.com/company/71673294/admin/

For information on Portland Property Management:
· Uptown Properties | http://www....