Lessons from a pro hockey player for scaling your real estate business
The SFR Show - En podcast af Roofstock
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Bob Lachance is a former professional hockey player who dived right into real estate investing with no experience. He took a leap of faith, by asking an investor if they needed help and from there, his story began. He shares a valuable lesson from a mistake he made along the way that cost him $150,000 in one day. Bob is a good example of why you keep pushing forward, taking every mistake as a lesson, and staying open-minded to discover what you will be good at. Today, Bob shares his transition story from becoming a professional hockey player to a real estate business owner and how you can grow your business using virtual assistants and getting your time back. Episode Link: https://revaglobal.com/ --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals. Michael: What's going on everyone? Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum, and today I'm joined by Bob Lachance, who is the CEO and founder of REVA GLOBAL, and Bob's gonna be talking to us today about what it is a VA can do for your business, and why you might want to think about actually hiring one. So let's get into it. Bob, what's going on, man, thank you so much for taking the time coming on with me, I appreciate you. Bob: Michael, thanks for having me. Appreciate it! Michael: Oh my god, so a pleasure. So I know a little bit about your background. We were chatting here before we hit record. But for anyone who is not familiar with you, if you can give us the quick and dirty who you are, where you come from, and what is it that you do in real estate today? Bob: Sounds good to second rundown and, uh, you and I, we you and I know each other a bit. So you and I have a lot in common actually, I started this thing might not be in common. But I started you know, I played freshman hockey for eight years. Prior to that went to Boston University for four years, and then played near my last four years actually playing hockey, I played in Europe. That was a pretty good run and then as soon as it started coming to an end, I had my first child and my wife was staying at home with him. So I figured you know what, I don't have really too much either to accomplish in my, in my planning career. So you know, I know a lot of people go through this, where they're looking at becoming a real estate investor, from one industry to the next and I know it's a very challenging time for a lot of people. So I know exactly what you went through. This was me back in 2004, to where you had to make an adjustment and really, you know, jump in, in a different industry, that's what I did. So I jumped into real estate investing back in 2004, start investing, my first deal was a fix and flip drove around neighborhoods, I know you have a lot of a lot of newer investors. So what you teach is farming areas, I did the same thing. So I drove around neighborhoods, I looked at properties that were dilapidated overgrown grass roof that needs to be done the whole nine yards. So I would call on literally I would go home, I would skip trace every single individual. So I write down a list of properties and a lot of what you teach, and write down a list of properties and go on to 401.com, which was a skip Tracing Service back then, you know, you have white pages, you have a lot of different services now and I literally would go home after I'd skip chairs, and I call them and say, Hey, I saw your property located at 123 Main Street. I'm looking to purchase properties. I'm a real estate investor in your area. Do you have anything for sale as your