Anson Young – Real Finds Podcast #1

We are lucky to have you on the Real Finds Podcast today, Anson Young. Anson is a real estate agent and investor based in Denver with experience performing fix and flips, wholesale, long-term holds, and direct-to-seller marketing. He wrote a book for Bigger Pockets, Finding and Funding Great Deals. The podcast discusses his love for music, why he chose real estate, how to find great deals, stoicism, and the future of funding great deals.

Timestamps

0:00:11- Anson Young: From Music to Real Estate

0:02:29- The Importance of Music in Anson’s Life

0:04:22- How to Enter the Real Estate Market: A Conversation with Anson Young

0:09:12- How to Find a Great Real Estate Deal?

0:10:52- The Primary Factor That’s Driving a Potential Site Selection

0:15:17- The Advantages of Developing New Properties

0:17:09- The Benefits of Short-Term and Long-Term Property Investment

0:18:49- The Impact of Rising Interest Rates on Real Estate Financing

0:22:35- The Impact of Low-Interest Rates on the Housing Market

0:27:19- Anson Young on the Benefits of House Hacking and Mass Timber Development

0:31:38- The Benefits of Holding vs. Flipping Real Estate Assets

0:33:25- Stoicism And Business

0:35:31- Anson Young of Anson Property Group on the Real Finds Podcast

Transcript

Anson Young: From Music to Real Estate

0:00:11 Gordon Lamphere: Hi. I’m Gordon Lamphere with the real Finds Podcast. Real Finds Podcast interviews key entrepreneurs, scientists, and activists shaping the real estate industry and, as a result, our world. In today’s episode, we’ll be talking to Anson Young from the Anson Property Group, Bigger Pockets, and the author of Finding and Funding Great Deals, the Hands-On Guide to Acquiring Real Estate in Any Market.

0:00:35 Gordon Lamphere: We’ll discuss the makings of a great deal flipping versus the BRRR investing method and the rapidly evolving finance environment. Hey, everyone. We have on the podcast today Anson. He’s one of the unique voices in real estate who’s both an author and an investor, s well as he’s done a great job of simplifying a lot of the real estate game for folks who are just starting. Anson, thank you for hopping on the podcast today.

0:01:07 Anson Young: Thanks for having me. This is great. I appreciate that.

0:01:10 Gordon Lamphere: So, Anson, can you tell a little bit about yourself to somebody who might not have read your book or not be familiar?

0:01:17 Anson Young: Of course. I’m a real estate agent and investor based out of Denver. I’ve done a lot of residential real estate on both sides, the agent side and the investor side, fix and flips, wholesale some burs long-term holds, and have a lot of experience in REO short sales. Direct-to-seller marketing is kind of our bread and butter over here. And also wrote a book for Bigger Pockets called Finding and Funding Great Deals and have been super lucky to have been able to do that as well.

0:01:57 Gordon Lamphere: Yeah, anytime Bigger Pockets attaches to anybody in the real estate business, that’s always a checkmark of somebody being a pretty knowledgeable investor. Before we get into your real estate background, I think what’s curious is you have a background in music.

The Importance of Music in Anson’s Life

0:02:17 Anson Young: That’s correct, I do. I’ve been playing music since I was 13 or so when my dad gave me a guitar that he had. I’m not a Steve, I shredding God, or anything like that, but I’ve been lucky enough to, at certain times in my career, have basically been a semi-professional musician in certain circles. And, yeah, that creative outlet is a huge part of who I am. And so if it’s not music, I’ve dived into video this last two years, and I enjoy that process just as much as I make music.

0:03:00 Anson Young: So, yeah, it is a unique thing. Yeah.

0:03:03 Gordon Lamphere: And Anthony, that’s the reason why I asked because I think in my time in investing and in real estate, one of the things I’ve noticed is individuals that come from a musical background give them a very unique, both creative and mathematical approach to the world. And I think it’s important that our listeners know that you have that mental aptitude. Besides that, are you still into the hardcore music life?

0:03:33 Gordon Lamphere: At one point in my life, I was a big fan of Korn, Metallica, Allison chains, all those classics. Do you still throw it down every once in a while?

0:03:45 Anson Young: Yeah. One thing I like to do in my spare time is going to shows, so we’ll go to six to twelve shows a year and have a lot of fun. And so you’re like the old guy at the show, so you’re not in the mosh pit or anything, but you’re enjoying bands that you’ve discovered or that you used to really had a connection with at some time in your past, and you’re there to enjoy still that music that’s still coming out. Because some of these guys are my age, and they’re still making a full-time living touring, which is amazing.

How to Enter the Real Estate Market

0:04:22 Gordon Lamphere: It is amazing. So there’s another amazing thing beyond your book: going out and starting two businesses, Anson Property Group and Anson Publishing. What inspired you to kind of take that leap of faith and start those businesses?

0:04:41 Anson Young: Yeah, the Property Group was a product of starting to do fixes and flips, and I needed a tax vehicle or a vehicle to kind of just shove expenses into. My wife has worked for a CPA for over 20 years, so from minute one, they’re basically like, you need an LLC or some structure to run this business under. So that was a very early decision. I think maybe the first property I ever bought was in my name, and then after that was under the company, and so thankfully, nothing wild has happened with it, and it’s been a good vehicle for that. And then it was kind of the same thing for publishing when I wrote the book, and Bigger Pockets is like, hey, who do we send these checks to?

0:05:35 Anson Young: Is it your name, or is it an LLC? And… I go; I guess I better create a new LLC for this. And then under that, I also do any publishing or media. And so if I’m getting paid for speaking, or if I’m getting paid for sponsorship for my Meetup Group, it all goes through that company structure.

0:06:01 Gordon Lamphere: So, let’s take a step back. Why real estate? Because look, there are so many places where you can put your creative outlets and web design; you can go down the list. Right. Why real estate?

0:06:16 Anson Young: I was in it for four or five years. I went to one year of college and decided that I had no idea what I wanted to do. Kind of fell into a job in it. I thought I was going to do that long-term. My dad was in it, all my friends were in it, and I enjoyed it. I mean, it was something I was good at and, for the most part, had fun in. And then I got laid off as everybody else did in 2003.

0:06:48 Anson Young: And then I had to decide, like, okay, my dad survived a ton of rounds of layoffs throughout his 30-year career. And… All of my friends got laid off, and they’re all scrambling to find jobs. And I was like; I don’t like that idea of this being out of my hands. And so, at the same time, my wife and I were moving down to Phoenix for two years to be closer to my brother and their new family. They just had a daughter.

0:07:18 Anson Young: And so I was like, hey, right before I left, a friend handed me rich dad, poor dad, and was like, I read this book. You should check it out. I was like, yeah, okay. I kind of dismissed it a little bit, but I read it on the way down to Phoenix when I wasn’t driving the moving truck when it was my wife’s turn to drive. And I read through the entire thing on the way down there, and I was like, new city, new me.

0:07:42 Anson Young: This could be something that can answer all my questions and all of my concerns about corporate life and do I want to go back into it. At this point, I’m too sunk in to do anything else. But the initial thought was to have control over my income, have control over my day. I’ve run my businesses as, like, a lifestyle business for a long time. I can go to the soccer games and pick up my son from school every day, and I’m not working 80 hours a week and just trying to stack as much money as possible.

0:08:21 Anson Young: I just have freedom in my day. And real estate is one of the best mechanisms for that. Many of those things speak to me and where I was and still am. And now and then, I reevaluate, like, is there anything else I could do? And I don’t think I’m qualified to do anything besides exactly what I’m doing right now.

How to Find a Great Real Estate Deal?

0:08:45 Gordon Lamphere: So real estate is certainly a great vehicle to create much more of a lifestyle I think most people want to live. The big question is how you enter the real estate market, right? And the biggest way you enter is by putting a deal together, right? So you have a book finding and funding great deals. And so what makes a great deal?

0:09:12 Anson Young: A great deal is, and it’s kind of subjective because everybody has a different business model. They have different budgets; they have different goals. And so a great deal is something that meets your metrics in your formulas of whatever your business formulas are. If you’re a fix and flipper, they fall within your 80% or 70% rule or however you use them. And then something that falls under your time budget kind of falls in all your buckets. So if it’s like a good deal money-wise, but it’s going to require you to work 100 hours a week, that may not be a good deal for you, even though the money is great and the money’s there.

0:09:58 Anson Young: And likewise, there are deals where you don’t make a lot of money for reasons outside of your control, but you learned a lot through that, and you’re actively making sure that you’re not falling into those mistakes again. So I would also consider that a great deal because those lessons sometimes don’t come for free. But ideally, you’re making money, using your time, budget, and within your business model.

0:10:29 Anson Young: And so it sounds kind of generic, but it is very subjective of what a great deal is, and it’s just going to hit all of the things that are going on in your life.

The Primary Factor That’s Driving a Potential Site Selection

0:10:39 Gordon Lamphere: So addressing that, all the things are going on in your life. You’re trying to select a deal. Let’s say you’ve narrowed down to kind of your asset class or what you want to get involved with, right? What’s the primary factor that’s driving a potential site selection? So this could be an existing site, or maybe you’re looking on the development side. What is it that you look at?

0:11:07 Anson Young: I like looking at things with a good amount of upside and potential and forcing equity. It kind of just has to be there. I could go buy a $ 100-a-door cash flow deal, but that doesn’t excite me by any scratch. And I can buy that for retail price. I can go find a turnkey provider and have a safe place to park money. And that doesn’t excite me at all. I’d rather have an opportunity to help a homeowner or whoever I’m working with on the other side of that deal and then make a win-win where I’m helping them. And then it’s also fitting my metrics of what we’re doing.

0:11:55 Anson Young: A lot of that is forest equity, which is having a house or a site where there’s a lot of fix-up needed or the existing home is not meeting it’s not meeting its full potential. It could be a 600-square-foot house on a lot that could build three, a triplex, or something like that. And that single home isn’t filling a lot of need, but now we can go in and sell it to a developer or eventually develop it ourselves into the maximum potential for that lot.

0:12:36 Anson Young: And I like those kinds of deals just because they’re creative. You’re dealing with a lot of numbers, and you’re fixing up schedules, and what is this going to look like? What is this going to look like money-wise? What is the project just going to look like at the end? And I like all of those aspects of those deals. And so I go hunt down, run-down houses or lots and houses that have zoning that’s utilized, and I think that’s just where my head’s at when it comes to that.

0:13:10 Gordon Lamphere: You touched on developing and buying an existing asset. So for many of our listeners and a lot of the followers that I talk to regularly, many are wondering, should I consider developing a project? And as somebody who works for a development group right on the commercial side, office, industrial, et cetera.

0:13:35 Anson Young: Nice.

0:13:36 Gordon Lamphere: Could you touch on some of the project challenges? Because I think there are a lot of myths about how easy development can be.

0:13:45 Anson Young: Sometimes, I can’t speak much to the commercial development side because I still am pretty entrenched in residential. But residential development has a lot of exciting things that go into it. And one of the things is knowing the insides and outs and having a good relationship with an architect who knows exactly what could be put on lots. And so if you have a good relationship with an outside source like that, I don’t know, I can give somebody a lot in the zoning, and I don’t know exact setbacks. I don’t know a lot of those things.

0:14:26 Anson Young: But I’ve teamed up and kind of offloaded my brain to the person who knows that and can turn around and say, hey, here’s the maximum potential of this lot. And then that way, I have the most information possible when I go back to that homeowner, I’m going to negotiate or I’m putting it under contract. Maybe we’re catching something that our competition isn’t. And especially when zoning changes, like Denver, had a big zoning kind of redistribution, and now ADUs are allowable in many places that’s an accessory dwelling unit and a lot of just zoning changes.

The Advantages of Developing New Properties

0:15:01 Anson Young: So you used to be able to put ten units on a particular type of lot, and now it’s only like seven or something like that. And so knowing these things, and the other way, you used to be able to put three on a particular lot, and now you could put seven. And so those numbers change. I can buy properties, just face value, right off the market and still sell that to a developer because the numbers are still there, because now those numbers went from three to seven.

0:15:30 Anson Young: Knowing some of those things is a huge advantage. And especially if you ever want to wholesale deals to developers. Not a lot of developers are going off the market for deals. They just have a couple of agents that they work with, and it’s a bit inefficient because they’re only catching deals on the market. If you can go into a place that’s just been recently rezoned, there’s an excellent six-month opportunity there before people catch up to get those units under contract and sell them to developers who can make the most out of them.

0:16:07 Anson Young: On the actual pure development side, if you’re looking at fix and flip versus building or popping at the top of a house versus building is so much easier because you’re not dealing with existing infrastructure and trying to work around that. I’m not working with a 1910-built house and trying to build off of that structure in any way. I’m not trying to pop the top and deal with everything that’s happened in the last 110 years.

0:16:39 Anson Young: Building new is kind of you scrape the foundation, you have a whole just build up from the bottom, and it’s just so much easier and a lot less problems and surprises than flipping and popping the top and adding additions and stuff like that. So development on the retail side is easier than you think. But at the same time, there are just as many moving pieces, I’m sure, in commercial development.

The Benefits of Short-Term and Long-Term Property Investment

0:17:09 Gordon Lamphere: You’ve developed your property, right? Let’s say it’s been successful. You read Anson’s book, know what to do, and get to the point where things are in place. Are you typically a proponent of the long-term hold, or are you much more of a short three to five exit period kind of investor?

0:17:33 Anson Young: I’ve historically been the short investor, just like today’s money, and then move on. But I’ve been a bit more in the last probably a year and a half. I guess my mind has changed. I’ve had friends telling me just hold on to every project for years, and I haven’t listened to them. And I’m starting to listen to them about whether we’re fixing, flipping to hold, or building up. Development isn’t something that we’ve done yet, but it’s a huge upside. I have a lot of friends who are kind of in that space, and I see the pluses of that building out, turnkey for yourself, and then holding.

0:18:18 Anson Young: I’ve been on the short-term cash side, and now I’m shifting my mind slowly over to the long-term hold side.

The Impact of Rising Interest Rates on Real Estate Financing

0:18:29 Gordon Lamphere: So we’re talking short and long term. What will come up is a large portion of your book financing a deal, right? And when discussing deal financing, are you much more of a short or long-term deal financer?

0:18:49 Anson Young: And again, in the past, very much short. Private money loans and hard money loans that go for six months to a year trying to be in and out of the project as quickly as possible so that you can maximize your returns and you’re not holding on to 1214 percent Apr money, which gets expensive pretty quickly. But now, we have fully embraced the burr method. So buy, renovate, rent, refinance, repeat, and so on.

0:19:25 Anson Young: On the buy side, we are using hard money or private money, and then within two to six months, we are refinancing out to long-term DCSR or portfolio-type loans. And so we utilize both methods because on the purchase side, we have to be super fast, and we have to pay as close to cash as possible. And then, on the exit side, we can’t hold that money forever in cash flow. So then we have to convert that debt over to the long term.

0:20:00 Anson Young: And so we utilize both methods for the one property, which is a cool way to do it because we can close fast, we can close like cash, and then six months later we can be into a long-term debt service loan or portfolio loan just because those move too slowly on the purchase side. So we have to do both.

0:20:24 Gordon Lamphere: Look, the most successful investors are always nimble as the seas change, and you’re certainly a successful investor. Do you think that your change is too much more of a long-term hold method that has been primarily driven by the high-interest climate? And if so, can you touch on how high-interest rates change the world regarding real estate financing?

0:20:51 Anson Young: Yeah. My mindset shifted right at the beginning of 2022 when I started putting plans in motion to invest out of state to capture the most cash flow. The pandemic hit things a little up in the air, so my plans were delayed for at least nine months or more. So at the time, interest rates were still like wild low, inventory was super low, and competition was super high, so we’re still dealing with that climate. When I started into long-term, short-term has always been the same amount of money.

0:21:36 Anson Young: The money gets easier when deals are hard to find. All of a sudden hard money lenders are down to 8% and throwing money at you, and then when deals are super easy to find, and obviously, the reverse happens, but yeah, when it comes to interest rates, we’ve been in both climates during our journey. In the long term, we’ve had to just retool some of our numbers to kind of just figure out okay; these 6% loans are now closer to 8%.

The Impact of Low-Interest Rates on the Housing Market

0:22:09 Anson Young: What does that look like for cash flow, and does everything still make sense? Can we save money on the purchase and force equity here? Can we still just burn our money out, move on to the next one, and still meet our numbers? And for the most part, those answers have been yes, there have been a few deals where it was a deal a year ago, and now it’s not at those same numbers. So we’re just trying to move around that climate nimbly.

0:22:40 Anson Young: I personally think, having been licensed and investing since 2006, that this kind of five 6% interest rate is probably more regular, and the two 3% was extraordinarily abnormal, and then where we’re at now is going to kind of calm down to a sustainable normal. If you lock in and refinance at two and a half percent, those people will not sell their homes anytime soon. We are running into a little bit of that as well.

0:23:12 Anson Young: So as an off-market buyer, we’re running into people who are like, hey, I refinanced 2021 at 2.8%, I am not moving ever. You run into people like that who are holding on to their excellent interest rates, but life happens, and people still need to sell for one reason or another. And so we’re catching those people still. But it is an exciting environment that has gone through, you know, the downturn of 2008, short sales, a huge run-up for ten years, and now we’re running into interest rate issues, but we still have low inventory.

0:23:54 Anson Young: So it’s driving it is weird. Prices should be coming down a lot, but they’re not. We’re in an exciting market, and it’s interesting to live through.

0:24:07 Gordon Lamphere: Yeah, I mean, we certainly had two historically abnormal markets back to back, right? You have the golden box period of loans that we had previously, and now we’re at a very illiquid market in many ways, so it’s no different in many of the other industries and folks we talk to on this podcast. It’s no different than folks in the manufactured home space and some of the folks we’re talking to in the commercial, industrial space.

0:24:33 Gordon Lamphere: So you’re telling a tale that’s out there. So on that note so we’re kind of in two very different spaces, and we’ve come from one that was a very historically abnormal space. Now more normal, but illiquid. What do you think? If you’re going out there, besides reading your book, what is the number one thing you would tell someone who wants to get into the residential investing space?

0:25:04 Anson Young: Depending on where you’re at in your life? My first suggestion is usually like if you’re young enough, and if your situation allows it, I think the house hacking method is probably the best way to enter into residential real estate. I’m mid forty, s, and I have a kid and dogs and am married. Nobody in my household will want to move into a duplex and rent out the other side. So I’m very aware of those things. Of course, that is my number one option.

0:25:43 Anson Young: But if you can’t, for whatever reason, you don’t want to do that, totally fine. I would suggest going into a project where it meets your goals, and it maximizes cash flow. Right now, a lot of that is buying a place in a very flexible market where you could either short-term or mid-term rent that property and maximize the cash flow that way and then obviously have good numbers to where if you have to fall back on a long term tenant, then the deal still works.

0:26:20 Anson Young: And so you’re not shooting the moon going for a short-term cash flow, and then the regulations change, and it doesn’t work as a rental or something like that. So you’re being savvy about where you’re buying and what those numbers look like to hedge your bets. And so if you want to short-term rent a property, the regulations change. Now you can use a midterm or room-by-room method, maximizing as much cash flow as possible.

0:26:49 Anson Young: Worst case scenario is that long-term rental should still have cash flow and be a safe investment. But I think that now it seems like there are more options than ever to have different plans to fall back on, so that your first investment or your 10th investment or your 100th investment is just a little bit safer than one method, a one exit strategy type thing. So that’s usually my second piece of advice. If you don’t want to have roommates or share your space with other people.

0:27:19 Gordon Lamphere: Hey, look, that’s excellent advice. I think it’s rare when you’re young to have that much freedom, and certainly, we should all take advantage of it when we’re young.

0:27:30 Anson Young: Right.

0:27:31 Gordon Lamphere: We’re a little older. There’s a wife and kids, and maybe your mother-in-law lives upstairs, and you can’t have that same level of freedom. So you have to try different strategies. And sadly, we’re moving on to our final four questions.

0:27:47 Anson Young: All right, so.

0:27:50 Gordon Lamphere: They’Re good ones, but we’ll have to have you on for more advice, maybe going forward.

0:27:56 Anson Young: Absolutely.

Anson Young on the Benefits of House Hacking and Mass Timber Development

0:27:58 Gordon Lamphere: Question number one, which we ask everyone, is ten years from now, what do you think will have changed the most about the commercial real estate industry?

0:28:07 Anson Young: So for commercial, I have two things in mind, even though I’m not a commercial guy, so take that with a grain of salt.

0:28:16 Gordon Lamphere: I consider residential folks doing development and multifamily commercial as well.

0:28:21 Anson Young: All right, I appreciate that. I’m in the club. The first one is like; there’s a lot of initiative right now to turn office space into residential. And so I know Denver just released a report on what that looks like for our downtown corridor of how much office could be converted to residential because at least here locally, and I know in many other markets it is the same, we have a shortage of housing units.

0:28:52 Anson Young: And at one time, we had like 50,000 people moving to Denver, more than we had housing units built. There are a lot of reasons for that. I think that could be very interesting, where you maybe have a play or an opportunity to get in front of that and maybe buy office while it’s down and then be able to flip that into residential that’s up. That could be an exciting thing. And then another interesting thing that just kind of bounces around in my head with people that I’m talking to is the mass timber movement and a lot of development being looked at for the sustainability of mass timber. And if you’re building something under eight stories or six stories. How you can still do that without concrete and steel, it’s very interesting to me for many reasons.

0:29:50 Anson Young: Aesthetically, of course, it’s just different. It looks cool. But that’s also moving down to, I know, guys building ADUs out of mass timber so that this prefab timber development could be very interesting for smaller-scale projects. We’ll see a lot more of that as maybe administrations. And I know the Forest Service is heavily involved in offering grants and subsidies to developers who are building sustainably.

0:30:28 Anson Young: That to me, could be very interesting and something that I’m looking myself into. In ten years, we’ll see more projects that don’t just look like concrete and steel. And are built in a different way that’s maybe a little bit more sustainable.

0:30:45 Gordon Lamphere: Yeah, I agree with you. There will be a fundamental shift towards more prefabricated homes and offices. And if I were investing in something now, that certainly would be a good option. So, instead of thinking of the future, let’s return to the past. You’ve had a tremendously successful real estate career. But let’s say you could travel back in time. And tell yourself, say, young Anson, this is what you should be doing and what you should change going forward.

The Benefits of Holding vs. Flipping Real Estate Assets

0:31:22 Gordon Lamphere: What would be your tidbit of advice?

0:31:24 Anson Young: That would be two things. One would be a house hack. I think that we could have gotten kind of a big jump start on buy and holds if we started there. When I started, I had been married for three years, and we had a ton of flexibility. We could have bought a Fourplex in Denver for $300,000 or something like that. And now they’re worth, of course, 900 million or more. So I’d say, hey, slow down.

0:31:59 Anson Young: Buy something permanent that will cover your monthly expenses. And then when you’re ready to move on to that family home or whatever, you now have a four-unit asset that’s doing something for you. That would have been my first suggestion. Second would be to hold, kind of like the friends that I’ve been talking to for a long time. They’re just like hold as much as possible, especially many of the projects we flipped in 2008 through 2011.

0:32:34 Anson Young: Just that kind of equity cushion alone by now would be a huge net worth changer. And so I think every flipper I talk to gets to a certain point where they go; I wish I held everything. And of course, you may not be able to hold everything, but you could have certainly held a lot more than you did. So that would be my advice to Young Anson for sure.

0:32:58 Gordon Lamphere: Look, there’s. Certainly, a lot of flippers feel that way. And there’s certainly also a lot of holders that sometimes wish they exited. We live in a world where the grass is always greener, right?

0:33:11 Anson Young: Always.

Stoicism And Business

0:33:12 Gordon Lamphere: In terms of green pastures, one of the most important things to look for is ways we can learn. And I’m a big fan of readers and a reader myself. What would you say besides your book, of course, is the book that influenced your career the most?

0:33:35 Anson Young: My origin story is fundamental for real estate reading. Rich dad, poor dad. I feel like that’s a classic. Yeah, it’s a classic, but I’m not going to like that’s not going to be my number one recommendation. I think it’s a great gateway drug to real estate, for lack of a better word. But one of my favorite books that I’ve ever read. And it’s applied so much to my life, real estate, or my business, and life is the Obstacle is the Way by Ryan Holiday.

0:34:09 Anson Young: So I’m going to recommend a stoicism book for business. But I feel like, especially when things are changing and shifting, having that kind of right mindset so that you’re not emotionally reacting to the insanity around you has been an excellent grounding. I call it an operating system. And I overwrote many things that weren’t serving me with philosophy from the book. Like, the challenge is the journey.

0:34:44 Anson Young: The things that you overcome are the vital part. The lessons that you learn through that are the crucial part. And then being able to act and not react to everything. And so if interest rates are falling and your retail real estate business is dying because buyers don’t want to buy and sellers are unreasonable. It can be easy to spiral. You can spiral and tank your business. You can make rash and wrong decisions. You can get depressed about the current state of the market. Or you can have tools inside your brain to help you overcome those things. And see things a little bit more rationally and objectively, I guess.

0:35:31 Gordon Lamphere: Look, there’s a reason why meditations by Marcus Aurelius. Right? Is it still a bestseller, even, what is it, 2000 years?

0:35:41 Anson Young: After a long time.

Influencers to Follow

0:35:46 Gordon Lamphere: The last question we always ask is the next person in the world we should reach out to. So is there someone who has influenced you that we should reach out to and have on the podcast?

0:36:01 Anson Young: Yeah. I have run a local networking group in Denver for the last ten years. So, I have an excellent opportunity to meet hundreds of investors every month, which is beneficial. One of my friends here in Denver, Nick Cooley. He’s been doing pretty good stuff with development out of state and many things inside of Denver of his kind of burr portfolio. He was buying; he was holding all the Denver stuff that I was flipping.

0:36:47 Anson Young: And so he has a really good mind around those things. He’s just doing cool stuff, and he’s a good friend. I think he could be an excellent asset to your listeners on the things he’s doing inside of development and inside of residential holding.

0:37:07 Gordon Lamphere: Well, we’ll have to get his contact information from I’ll get it.

0:37:10 Anson Young: To you, no problem.

How To Get In Contact

0:37:12 Gordon Lamphere: But besides his contact information. What’s the best way for somebody who’s listening to the podcast and wants to reach out and get some information about you or Anson Property Group? Sure. Where’s the best place to reach you?

0:37:26 Anson Young: I think I always point people back to Bigger Pockets, so if you go to BiggerPockets. Comuseranson, you’ll find me. You can send me a DM through there. If you don’t want to do that, you can find me on Instagram, at @younganson on YouTube or on Facebook. I’m in both of those places as well. But yeah, reach out, send me a DM, send me a message and see how we can help each other. If you need any questions, just let me know.

0:37:55 Gordon Lamphere: Anson, thank you so much. We learned a lot, and I appreciate you taking the time. I’m sure our listeners are grateful as well. Thanks, Anson, and have a good one.

0:38:06 Anson Young: You too. All right.

0:38:09 Gordon Lamphere: Thanks again to Anson Young. We appreciate the insights we shared today. And if you enjoyed the podcast, we would genuinely appreciate a five-star rating on YouTube. You can follow us on YouTube, Spotify, or wherever you get your podcast. I’m Gordon Lamp, here with the real Finds podcast. Thank you for listening.