What does it take to start a $80 million-a-year real estate business? Marc Rousso of JayMarc Homes knows the answer first-hand, and he shares how to start a real estate company with huge profit potential in this video.
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JayMarc Homes wasn’t Marc’s first business. He’s started from scratch twice. His first business was a DJ company that he grew and sold. He invested the profits from that sale into real estate and realized he has a passion for buying and selling properties. This experience paved the way to starting a construction business. Twelve years later, it’s grown to a phenomenal level.
Not only did Marc build a real estate company startup from scratch, he did it in the middle of a real estate recession. He’ll share what challenges he faced growing a business in that economic climate and how he overcame them. Raising capital is another common obstacle when starting a real estate management company, and we’ll hear how Marc managed his finances early on to achieve smart, consistent growth.
The team Marc built for his business was another big part of his success. He’s created an entrepreneurial culture in his company, and he’ll discuss how he instills that in his team and why that helps JayMarc Homes succeed. We’ll also learn what servant leadership means, why it’s an effective approach, and how to achieve it in a business in any industry.
If you’re considering a small business in construction or real estate, you’ll definitely want to hear Marc’s advice before you take that leap! And make sure to check out our other interviews with business owners in the construction industry:
Timestamps: 00:00 - START 00:49 - Meeting Marc 02:49 - Touring house to be demolished 03:35 - Why demolish properties? 04:38 - Tools and systems 05:26 - Demolishing the house 06:31 - New build job site 07:24 - Challenges of starting the business 10:18 - Tour of new home 12:35 - Visiting JayMarc offices 13:36 - Real estate cycles 15:35 - Goal setting and the manifestation 17:23 - Fan blitz 18:17 - Lessons from failure 19:22 - Marketing his homes 21:18 - Choosing a niche 22:18 - Time to profitability 23:12 - Average revenue 24:20 - Growing revenue 24:58 - Finding investors 25:34 - Necessary skills 27:07 - Employees and hiring 27:53 - Finding properties 29:20 - Company culture 31:24 - New home design process 32:26 - Custom home design process 33:23 - Goals for growth 35:24 - Awards 37:03 - Webinar series 38:58 - Outro