Ep 499: Developement In Phoenix With Jared Vidales

In this episode of the Podcast, host Daniel Martinez welcomes guest Jared, a Dallas native now residing in Phoenix, Arizona. Jared shares his journey from working in the corporate world as an engineer to becoming a real estate investor and developer. He recounts his early days in real estate, starting in 2014, buying homes to flip funded by his early Bitcoin investments. Jared details his transition into wholesaling after realizing the potential for making money with less risk and his progression into real estate development. He discusses his current projects, including a 16 townhome development in Mesa, Arizona, and his strategies for building a successful real estate portfolio. Jared highlights the importance of collaboration in the Arizona real estate market and shares insights on the evolving landscape, including challenges like water availability and the competitive land acquisition environment. Jared's Transition from Corporate to Real Estate (01:12-01:35) Jared recounts his initial leap from working as an engineer to entering the real estate world, motivated by a desire for more autonomy and the allure of real estate investment. The Move to Wholesaling and the Realization of Its Benefits (01:41-02:20) Discussing his shift from flipping homes to wholesaling, Jared shares an epiphany about the advantages of wholesaling, including lower risk and similar profit margins, sparked by his early investments in Bitcoin. Importance of Community and Collaboration in Real Estate Success (04:17-04:46) Highlighting a key to his success, Jared talks about the critical role of collaboration and community in the highly competitive Arizona real estate market, emphasizing the shared success among peers. Adventures in Development: From Land Acquisition to Townhome Projects (13:50-14:03) Jared details his foray into real estate development, specifically mentioning a project involving the construction of 16 townhomes in Mesa, Arizona, and the challenges and rewards of this new venture.

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