Imagine Wealth Without Risk: Recent Episodes
Ted Thomas
Ted Thomas, best-selling author and publisher is best known as America’s Tax Lien Certificate and Tax Deed Authority. Thomas has sat for more than 200 radio and TV interviews, most recently on ABC, CBS, NBC and Fox and he has been recognized in Newsweek, USA Today and the Wall Street Journal. Ted Thomas is the go-to guy when people want to discover how to invest in secure government certificates that pay 16% and 18%.
Ted Thomas organization is the single largest Source of Tax Lien Certificate & Tax Deed Informational Products in the World...To Help You... We are knowledge brokers and we provide financial solutions in many forms.
Bill Beddoes, who started as a student more than 12 years ago, is now a coach and spends time guiding and discussing his unique strategies at tax defaulted auctions. When I say unique… Bill Beddoes is a maverick, he has purchased over 60 properties using credit cards and unlike most sellers who use brokers to help sell, Bill sells the properties himself saving thousands in commissions and he uses a 100-year-old system of Contract For Deed sometimes called a Contract Of Sale, even called a Land Contract, Listen in… I am sure you will want to learn the process.
What You Will Learn In This Episode:
- How would you find the deposit for online bidding, ($200 or 5% whichever is greater), if you don’t know the final bid?
- Do you have 2 years to redeem your property in Illinois?
- What happens if the homeowner claims bankruptcy?
- Is making friends with the people at the county office is a good idea?
- How much money should you save for marketing the property with a limited budget?
- Tips in buying in Georgia
Mitch Stephen has been a self-employed RE investor for 20+ years. His real estate investing career started at the age of 23 when he read “Nothing Down” by Robert Allen.
REAL ESTATE INVESTOR:
Mitch, together with his wife, Tommi, and his daughter, Shannon purchased their fair share of local houses. Their company, Independence Day, Inc., has bought and sold over 1,500 properties in and about San Antonio, Tx since 1996. This company specializes in buying distressed properties with OPM and selling those properties with Owner Financing.
Gary is the author of “The Book on Vancouver Real Estate” and the owner of Vancouver’s Top Real Estate Youtube Channel www.VancouverRealEstateTV.com.
As an award-winning REALTOR®, Gary helps affluent individuals build short term wealth through buy and flip strategies and helps them build long term wealth with buy and hold and various cash flow generation strategies.
Known for his creative, unconventional and outside of the box marketing methods, he is paving the way for a new standard in the industry.
His goal has always been to add massive value through educating and consulting with his clients for the purpose of building lifetime client relationships.
Stacy Tuschl is a 3rd generation entrepreneur who started her first business at the age of 18 in her parents' backyard and turned that company into a 7 figure business she still runs today. Besides running her 2 performing arts academies in Milwaukee, Wisconsin, Stacy has also been building her real estate portfolio and has been a landlord for over a decade. She is a marketing strategist, bestselling author, and the creator of Foot Traffic Podcast & Community where she helps small business owners get more customers through the door and more profit in their pocket! She is a mom of 2 little girls and married to her husband Kent.
Mitch Stephen has been a self-employed RE investor for 20+ years. His real estate investing career started at the age of 23 when he read “Nothing Down” by Robert Allen.
REAL ESTATE INVESTOR:
Mitch, together with his wife, Tommi, and his daughter, Shannon purchased their fair share of local houses. Their company, Independence Day, Inc., has bought and sold over 1,500 properties in and about San Antonio, Tx since 1996. This company specializes in buying distressed properties with OPM and selling those properties with Owner Financing.
Cash4Houses.NET (Buying Site)
Homes2Go.NET (Selling Site)
MoatNoteServicing.com (Note Servicing)
STORAGE FACILITY OWNER:
The Stephen family built wealth by purchasing very affordable homes, selling them for double the cost, and owner financing the sale by creating a note to their buyer. In 1991 the family made plans to keep their wealth and create “Forever Money” by acquiring Self-Storage and Boat Storage facilities primarily around Canyon Lake where they live in Texas. They started with 13 boat storages around the lake, and the storage business has grown to over 1,100 storage doors in 16 locations:
CanyonLakeStorage.com
FlourBluffStorage.com
RockportFultonBoatStorage.com
AUTHOR:
Mitch is the author 3 books:
MY LIFE & 1,000 HOUSES:
Failing Forward to Financial Freedom
MY LIFE & 1,000 HOUSES:
200+ Ways to Find Bargain Properties
MY LIFE & 1,000 HOUSES:
The Art of Owner Financing
For more info about these books go to 1000houses.com/the-book
EDUCATOR:
Mitch offers Online Education, Group Coaching, and Full-on Mentorships as it relates to all the aspects of Owner Financing.
Mitch’s personal expertise includes; Raising Private Money, Finding Bargain Properties, Negotiating Favorable Terms, Dealing with Renovations and Contractors, Selling Houses, Selling Notes with little to NO Discount, and helping others deal with the every day throws of life in business. He is very familiar with Dodd-Frank, RMLOs, S.A.F.E. Act, Texas Property Code, Truth -in-Lending, R.E.S.P.A. and the legal options available in the owner finance domain. 1000Houses.com
Mitch forged the creation of a mass texting software, LiveComm.com to help solve problems that arise when you get numerous calls from bandit signs advertising Owner Financed Houses. http://LiveComm.com
Crystal Leigh is a dedicated Sales Professional with over 12 years of experience. Licensed as a Realtor since 2009, Crystal has experience in the commercial, investment and residential areas of real estate. Crystal has built her business by forming long-lasting relationships with her clients, providing diligent and analytical service, which she honed during her days in residential real estate. Crystal Leigh is skilled in research, comparative market analysis, sales presentation, contract negotiations, marketing and other services associated with the real estate transaction through closing. Crystal continually exceeds customer expectations with 90% of business coming from referrals. She also created an optimal email program and listing syndication for her listings resulting in a 30% faster closing rate. Crystal earned a BBA in Marketing from the University of Miami- Coral Gables where she was actively involved in the campus’ chapter of the American Marketing Association.
Frank Rolfe has been an investor in mobile home parks for almost two decades and has owned and operated hundreds of mobile home parks during that time. He is currently ranked, with his partner Dave Reynolds, as the 5th largest mobile home park owner in the U.S., with over 250 communities spread out over 25 states. But it all began with one mobile home park, Glenhaven, in Dallas, Texas. "When I bought Glenhaven, I had absolutely no idea what I was doing or how a mobile home park worked. If I had, I would have never bought that park, as it saddled me with a master-metered gas and electric system - two of the biggest challenges a mobile home park owner can face - and a tenant base that was straight out of COPs. We had carnival workers, hookers, the absolute dregs of society. It even had a wrestling ring in the back. A few years later, I had unbelievably turned that dump into a nice, quiet, family community, with a neighborhood feel and kids riding bicycles down the streets. Another five years later, the park was worth around $1 million more than I had paid for it." With his success with Glenhaven, Frank continued to buy more mobile home parks, focusing on parks that had good locations but were terribly managed.
Frank has always believed that mobile home parks are all about "affordable housing". "Beginning with Glenhaven, I noticed that a mobile home park - when properly managed - offers a significantly better quality of life than a comparably priced apartment. Nobody likes to have neighbors banging on their walls and ceilings, or the lack of a yard or nearby parking - or just the lack of a neighborhood "feel". It occurred to me that I could have my phone ringing off the hook if I could deliver an affordable detached dwelling with a yard that was safe, clean and respectable. That's what I delivered at Glenhaven, and that's what I've been doing ever since."
Along the way, Frank began writing about the industry, and his books, coupled with those of his partner Dave Reynolds, evolved into a course and boot camp on mobile home park investing that has become the leader in this niche of commercial real estate. "Dave and I have trained hundreds of investors on how to properly buy and operate a mobile home park, 100% based on our real-life experiences in the hundreds of parks we have owned and performed due diligence on. It gives us great satisfaction when people tell us about the mobile home park that they have purchased and how well it's going. We really wished that someone had given us some direction when we began - it would have saved us a lot of money and stress. But I guess it all worked out pretty well in the end."
Frank lives in a small town in Missouri with his wife and daughter. He is very active in community affairs, being a member of the Lions Club, the school board, and Chairman of the Landmarks Commission. He holds an A.B. in Economics from Stanford University.
Paul Castillo, from Utah, is a Successful Student who started his journey with no real estate experience and began doing “fixer—uppers” early on. He then discovered Ted’s program and started investing in Tax Lien Certificates and Tax Defaulted Properties. Listen to part two to discover what kinds of mistakes to avoid in the tax lien and deed business and what Paul's BEST deal that he's ever done. Could produce $50,000 of income a year? Listen and found out how Paul did it!
Paul Castillo, from Utah, is a Successful Student who started his journey with no real estate experience and began doing “fixer—uppers” early on. He then discovered Ted’s program and started investing in Tax Lien Certificates and Tax Defaulted Properties. Listen to the first part, of this two-part podcast to discover how Paul got started with Over the Counter (OTC) tax liens, leading into investing in Tax Defaulted properties in Washington state ONLINE FROM HOME.
What You Will Learn:
- Meet Paul Castillo
- How Successful Student Paul Castillo started with zero real estate experience.
- How Paul did “fixer-upper” properties before investing in Tax Liens and Tax Deeds.
- Paul Castillo did majority of his work ONLINE, FROM HOME.
- How discovering Ted Thomas program changed his life.
- Paul’s journey with tax lien certificates and tax defaulted properties.
Resources from Ted Thomas:
- Website: tedthomas.com
- Website: tedthomaspodcast.com
- Email: info@tedthomas.com
Dave M. Lukas is a serial entrepreneur, best-selling author, investor, and Founder of the Misfit Entrepreneur Podcast. His companies have been on the Entrepreneur 365 and INC 5000 List multiple times. He has been featured on radio, TV, and many top trade publications and web such as Forbes, INC, Yahoo! Finance, BTN, BTE, and others.
His is the author of the amazon best-seller “The Ten Year Career, The Fast Track to Retiring Young, Wealthy and Fulfilled.” The book is a culmination of 5 years of dedicated research into the mindset and habits of high performers, and gives the reader the missing links and path to greater success and fulfillment.
Dave founded the Misfit Entrepreneur, a weekly podcast devoted to giving the audience incredibly useful and unique insight from the world's top entrepreneurs and highest performers with a focus on their non-traditional methods for achieving success, their Misfit side. In less than a year, the show grew it’s footprint to over 70 countries and reaching over 60,000 per month.
Dave is also the co-founder of the GROW.THRIVE.REVIVE event and an accomplished investor in real estate and stock investing. Through his 12 Minute Trading System, Dave has mentored and trained thousands of students worldwide. He has spoken extensively in front of a wide array of organizations from many of the Fortune 500 to top Universities and Trade Groups with an emphasis on teaching individuals the strategies to reach their true potential and deliver exponential results.
He lives with his wife and daughter in Columbus, Ohio.
What You Will Learn:
- Dave’s journey as an entrepreneur (starting from the age of 5)
- GRASP Technologies
- Tips to becoming a good entrepreneur
- How to grow your business
Resources from Ted Thomas:
- Website: tedthomas.com
- Website: tedthomaspodcast.com
- Email: info@tedthomas.com
- Video: Your 6 Minute Tutorial On Tax Lien Certificates
- Video: Your 6 Minute Tutorial On Tax Deed Investing
- Case Study: A Case Study On Tax Deed Investing
Resources from Dave Lukas:
- www.MisfitEntrepreneur.com
- www.12MinuteTrading.com
- www.TheTenYearCareer.com
- www.GraspTech.com
- www.GrowThriveRevive.com
- The Options Profit Planner System
After a devastating divorce and bankruptcy, this single mother of two rebuilt her life through real estate. In the process, Dixie Decker accidentally stumbled upon a unique method for buying and profiting in real estate without using any of her own money or credit.
In just three years, she mastered the process, building her net worth to over $5,000,000 and $100,000 per month in positive cash flow! Today her cash flow machine runs practically on AUTOPILOT, so she can focus on her family, growing investments, and helping others succeed.
What You Will Learn:
- Investing in student housing and how it helped Dixie quit her day job
- How Dixie ensures that she continues to get paid without having to evict students
- Dixie’s journey from a terrible divorce to becoming the “Queen of Student Housing”
- What Dixie did to rent out 37 houses in one year
- Dixie’s effective use of wholesaling and lease options
- Strategies and qualities needed to conquer obstacles, especially as a woman in business
- The importance of having a mentor
Resources from Ted Thomas:
- Website: tedthomas.com
- Website: tedthomaspodcast.com
- Email: info@tedthomas.com
- Video: Your 6 Minute Tutorial On Tax Lien Certificates
- Video: Your 6 Minute Tutorial On Tax Deed Investing
- Case Study: A Case Study On Tax Deed Investing
Resources from Dixie Decker:
- Website: www.dixiedecker.com
- Phone: (417) 651-5100
- YouTube: https://www.youtube.com/channel/UCCUSGt5rDIgsXUsvu5onLmQ
- Instagram: https://www.instagram.com/queenofstudenthousing/
After a devastating divorce and bankruptcy, this single mother of two rebuilt her life through real estate. In the process, Dixie Decker accidentally stumbled upon a unique method for buying and profiting in real estate without using any of her own money or credit.
In just three years, she mastered the process, building her net worth to over $5,000,000 and $100,000 per month in positive cash flow! Today her cash flow machine runs practically on AUTOPILOT, so she can focus on her family, growing investments, and helping others succeed.
What You Will Learn:
- Investing in student housing and how it helped Dixie quit her day job
- How Dixie ensures that she continues to get paid without having to evict students
- Dixie’s journey from a terrible divorce to becoming the “Queen of Student Housing”
- What Dixie did to rent out 37 houses in one year
- Dixie’s effective use of wholesaling and lease options
- Strategies and qualities needed to conquer obstacles, especially as a woman in business
- The importance of having a mentor
Resources from Ted Thomas:
- Website: www.tedthomas.com
- Website: www.tedthomaspodcast.com
- Email: info@tedthomas.com
- Video: Your 6 Minute Tutorial On Tax Lien Certificates
- Video: Your 6 Minute Tutorial On Tax Deed Investing
- Case Study: A Case Study On Tax Deed Investing
Resources from Dixie Decker:
- Website: www.dixiedecker.com
- Phone: (417) 651-5100
- YouTube: https://www.youtube.com/channel/UCCUSGt5rDIgsXUsvu5onLmQ
- Instagram: https://www.instagram.com/queenofstudenthousing/
Molly Grubb is the founder of Grubb Wealth, a premier personal CFO firm that helps business owners free up their resources so they can build their dynasty. Grubb Wealth is designed to help business owners realize their purpose and scale their businesses using very targeted and proprietary methods to optimize results.
Mollys is working toward her goal of helping 10,000 business owners gain more control over their personal and professional lives. She has been a featured speaker and presenter at many professional organizations and business groups. Molly is an author of Build Your Dynasty, a book catered to freeing up wealth within a business.
When Molly is not busy connecting with her audiences and serving clients, she loves spending time with her large family. She is a die-hard Buckeye fan. Molly is also a cycling enthusiast leading her group of almost 400 fellow cyclists called Chicks Gone Cycling.
What You Will Learn:
- What Molly learned about building dynasties when her family lost everything
- How being a woman has impacted Molly’s journey into the CFO consulting world
- The things Molly can do for you to help build your dynasty and save yourself time
- Why women need to give themselves permission to be successful
- Why your business is a “mirror to your soul” and what that means
- The importance of making sacrifices to find true happiness for yourself
- Molly’s best advice for being strong and running a business when adversity strikes
Resources from Ted Thomas:
- Website: www.tedthomas.com
- Website: www.tedthomaspodcast.com
- Email: info@tedthomas.com
- Video: Your 6 Minute Tutorial On Tax Lien Certificates
- Video: Your 6 Minute Tutorial On Tax Deed Investing
- Case Study: A Case Study On Tax Deed Investing
Resources from Molly Grubb:
- Book: www.BuildYourDynastyBook.com/Ted
- Website: https://grubbwealth.com/
- Website: https://mollygrubb.com/
Kemener Whalen, CFO at BlackRock Construction, uses his passion, energy, and analytical mindset to bring tremendous value to people, projects, and companies on a daily basis. He particularly enjoys helping people recognize and achieve their true potential. Kemener’s experiences in commercial finance, collaboratively working to grow and manage a nearly $100 million portfolio, serve as a tremendous asset for both investors and investments.
Kemener lives in Essex, Vermont with his beautiful wife, daughter, and son. When not furthering the vision of BlackRock Construction, he spends time with his family and enjoys picturesque Lake Champlain.
What You Will Learn:
- Important things Kemener has done and learned to help BlackRock become one of the U.S.’s fastest growing companies
- Leveraging market scarcity to your advantage and how low competition can benefit your business
- Being rich versus being wealthy and Kemener’s views on wealth building
- How Kemener matches and targets his investors to ensure they are getting exactly what they want out of their investments
- Utilizing capital and cash to invest in and construct properties
- The challenges of permitting in a small state
- Kemener’s investment philosophy and how it benefits him
- BlackRock’s value proposition and best practices for bringing value to its customers
Resources from Kemener Whalen:
- Website: http://www.blackrockus.com/
Dr. Deborah K. Ekstrom is the founder and CEO of Deluge Beau, a media company dedicated to educating and providing women with actionable resources for every aspect of wealth building, including wealth building principles, personal presence, and “how to make your life work so that you can work.”
Her media company is an encore career following more than 30 years of managing her own medical practice revolving around aesthetics and plastic surgery. Her philosophies, practices, and strategies are curated from years of study and implementation and fully encompass all aspects of making a woman rich and successful in an increasingly complex world.
What You Will Learn:
- Action steps we can all take to start building wealth today
- How Deborah can help all kinds of people build wealth and enrich their lives
- What we can do to encourage women to assert themselves into business and balance out the world and the workforce
- How women can protect themselves
- Why women need to have a plan to be strong and independent throughout life
- Ways to plan out your life and find the answer to the question: “What do I want to do when I grow up?”
- Deborah’s best advice to women trying to advance in the workplace and in life
Resources from Ted Thomas:
- Website: www.tedthomas.com
- Website: www.tedthomaspodcast.com
- Email: info@tedthomas.com
- Video: Your 6 Minute Tutorial On Tax Lien Certificates
- Video: Your 6 Minute Tutorial On Tax Deed Investing
- Case Study: A Case Study On Tax Deed Investing
Resources from Deborah Ekstrom:
- Deborah’s Podcast: https://delugebeau.com/
- Instagram: https://www.instagram.com/delugebeau/?hl=en
Craig Cody is a Certified Public Accountant, Certified Tax Coach, Business Owner and Former New York City Police Officer with 17 years experience on the force. As a Certified Tax Coach, Craig belongs to a select group of tax practitioners throughout the country who undergo extensive training and continued education on various tax planning techniques and strategies to become and remain certified. Craig has just written his third book: “The 12 Biggest Tax Mistakes That Cost Dentists Thousands”.
What You Will Learn:
- The importance of establishing what type of business entity you are running to ensure you’re keeping more of your money
- Overlooked tax deductions you can leverage to save even more of your money
- How you can hire your family (including your kids!) and what to do with the money they’ll make
- What qualified business income is and how to use it to write off an additional 20% of your income
- My personal story of the trouble I had with the IRS and how I handled it
- What Craig can do for you and how he does it
- Features of proper CPA-business owner relationships
Resources from Ted Thomas:
- Website: www.tedthomas.com
- Website: www.tedthomaspodcast.com
- Email: info@tedthomas.com
- Video: Your 6 Minute Tutorial On Tax Lien Certificates
- Video: Your 6 Minute Tutorial On Tax Deed Investing
- Case Study: A Case Study On Tax Deed Investing
Resources from Craig Cody:
- Website: http://craigcodyandcompany.com/
- Book: http://craigcodyandcompany.com/imaginewealth
- Podcast: https://craigcodyandcompany.com/podcast/
- Email: craig@ccodycpa.com
Adam Hergenrother is the founder and CEO of Adam Hergenrother Companies, which includes KW Vermont, Hergenrother Realty Group, BlackRock Construction, Adam Hergenrother Training, and Adam Hergenrother Foundation. Adam has grown these companies into a $1 billion organization by creating a culture where personal growth and work-life integration come first.
Adam thrives on taking on physical challenges including Bikram yoga, hiking, Ironman races, white-water rafting, skiing, and more. He fuels his mind and spirit with 40 minutes a day of meditation and spends as much time as possible outdoors with his family and friends.
All of this is simple, but not easy. Life is hard. Business building is hard. There are daily struggles to overcome. It’s about finding the gift in all of life’s experiences and understanding that you have the power to unleash joy!
Adam lives in South Burlington, Vermont, with his wife, Sarah, and three children, Sienna, Asher, and Madelyn.
What You Will Learn:
- Adam’s weight loss journey, which ended with him 100 pounds lighter and completely changed as an individual
- Why you should stop living your life in “boxes” if you want to find happiness and fulfillment
- The ethos of Adam’s companies, which includes practices for personal growth for a large portion of his 450-employee team
- Trends in the real estate market that Adam sees and the repercussions of those trends
- Utilizing both business and real estate for constant cash flow from both ends
- Why it’s more important to hire the right people than to be the best business owner
- Adam’s recommended readings for leadership and spiritual growth
Resources from Ted Thomas:
- Website: www.tedthomas.com
- Website: www.tedthomaspodcast.com
- Email: info@tedthomas.com
- Video: Your 6 Minute Tutorial On Tax Lien Certificates
- Video: Your 6 Minute Tutorial On Tax Deed Investing
- Case Study: A Case Study On Tax Deed Investing
Resources from Adam Hergenrother:
- Video: https://www.youtube.com/watch?v=cZYgw9Yo3f8
- Website: www.adamhergenrother.com
- Adam’s book: https://www.amazon.com/Founder-Force-Multiplier-Adam-Hergenrother/dp/0578439891/ref=sr_1_1?crid=D2G9Z8WBNMUF&keywords=the+founder+and+the+force+multiplier&qid=1564761647&s=books&sprefix=The+founder+and+the+%2Caudible%2C159&sr=1-1
Doug Pereyda started his career as a Silicon Valley engineer, transitioning from aerospace (Lockheed) to major Internet companies (PayPal, Netflix) as the region redefined itself through rapid change and growth. Doug received his real estate brokerage license in 2003 after his role as Executive Vice President, Chief Technology & Information Officer at LoanCity, Inc. ($7B in annual production) and began investing in single and multi-family real estate, mainly in the Southeast portion of the USA.
He currently owns a 73-unit apartment complex in Warner Robins, GA, and has invested in many other multifamily projects while finishing up his Silicon Valley executive career, which spans over three decades. Two years ago, Doug transitioned to real estate investing full time and continues to grow his diverse holdings in real estate through multiple investment channels.
Doug has enjoyed teaching students as a guest lecturer at Santa Clara University where he obtained his MBA in 1993 and has served on the MBA Alumni Board at the University. He is also a private pilot and the chairman of a private foundation that supports disadvantaged youth.
Alma Elizalde started her career as a retail store manager for AT&T Wireless more than two decades ago, transitioning from retail to healthcare in the pharmaceutical industry (Reliant, Alcon and Amarin). Alma received her real estate experience as CEO of Aidwithhouses LLC, where she conducted multiple real estate transactions in the Bay Area averaging returns of $75K on flips and 16% cash on leased properties. Alma has also successfully been a note investor with 100% return in less than a year in the Bay Area.
Alma is passively invested in multi-family deals in the Dallas Fort-Worth area and has retained a duplex in the Bay Area after selling off her other rental properties. She has a network of physicians in the Bay Area as part of her passive investor team.
Alma enjoys running, spinning, gardening, singing and reading. She has completed four Aids Foundation marathons, raising an average of $4K each. She is a monthly contributor to Bay Area Rescue Mission, Children International and Christ the Light Cathedral.
What You Will Learn About:
- The benefits of tax liens and deeds for buying and selling properties quickly
- The quick and dirty bonuses of buying low, selling low, and getting out of a property as soon as you can
- How Doug has handled bad investments and course-corrected when things haven’t gone his way
- Alma and Doug’s most important lessons for aspiring investors regarding flipping, managing risk, and more
- Why you should ALWAYS go and see the property before making any decisions about it
- The differences between online and in-person auctions for property
- Stories on determining your asking price, minimum, and maximum offers
- Maintaining discipline to avoid overbidding on properties
Resources from Ted Thomas:
- Website: www.tedthomas.com
- Website: www.tedthomaspodcast.com
- Email: info@tedthomas.com
- Video: Your 6 Minute Tutorial On Tax Lien Certificates
- Video: Your 6 Minute Tutorial On Tax Deed Investing
- Case Study: A Case Study On Tax Deed Investing
Resources from Doug and Alma:
- Doug’s LinkedIn: https://www.linkedin.com/in/dougpereyda
- Alma’s LinkedIn: https://www.linkedin.com/in/alma-elizalde-58330363
Roger Salam is an award-winning inspirational speaker, mentor, best-selling author, real estate investor & global Mastermind leader. The National Academy of Best-Selling Authors awarded him the “Thought Leader of the Year” award. He has delivered over 10,000 professional talks in North & Central America, the Middle East, Europe & Asia. He’s a graduate of UCLA. He’s got 3 lovely daughters and is most passionate about empowering people to be their best selves!
What You Will Learn:
- What Roger did to rebuild his life when the stock market crashed in 1999
- How having a mentor saved Roger from despair when he lost everything
- Roger’s rags to riches story that led to him doing Mastermind talks around the world (and even at sea!)
- The incredible experience of attending one of Roger’s “Mastermind at Sea” sessions and how people have benefited
- Why Americans struggle to find success in their own country
- A lesson on complaining and gratitude and how changing your perspective can change your life
- What being worldly and traveling the globe has done to greatly impact Roger’s successes
Resources from Ted Thomas:
- Website: www.tedthomas.com
- Website: www.tedthomaspodcast.com
- Email: info@tedthomas.com
- Video: Your 6 Minute Tutorial On Tax Lien Certificates
- Video: Your 6 Minute Tutorial On Tax Deed Investing
- Case Study: A Case Study On Tax Deed Investing
Resources from Roger Salam:
- Roger’s Websites: www.InternationalWinnersCircle.com
- www.rogersalam.com
- Roger’s Mastermind at Sea Program: www.mastermindatsea.com
- Roger’s Email: roger@rogersalam.com
Sharon Spano helps high-level leaders transform how they think, adapt, and respond in complex business environments. As a Behavioral Strategist with a Ph.D. in Human and Organizational Systems, Sharon leads her clients through specific research-based practices that empower them to embody their highest potential in business and in life.
“While there are many ways that we go about this process of change, the ultimate goal is to empower my clients to view their life and business through a systemic lens. Once they learn to embody this level of knowledge, I find that everything else accelerates, but it does so in a way that allows for more focus, balance, freedom, and purpose. These leaders are then keenly positioned to dramatically grow their businesses and still enjoy life along the way.”
Sharon is also the author of The Pursuit of Time and Money: Step into Radical Abundance and Discover the Secret to a Meaningful and Prosperous Life (2017). She also hosts the weekly podcast, The Other Side of Potential, which focuses on how C-Suite executives integrate the complexity of business with their own quest for a meaningful and prosperous life.
What You Will Learn:
- How to overcome the mental challenges that budding entrepreneurs face
- How to identify your workplace persona and adjust your approach to new business ventures
- Identifying scarcity thinking and its root cause
- How to navigate scarcity thinking to achieve forward progress
- Systemic mapping as a concept and the 3 major retreats
- How your ancestors and past experiences shape the way you approach business opportunities
- Changing your perspective on retirement and finding purpose in your work
- How to get Sharon Spano’s book, The Pursuit of Time and Money
Resources from Ted Thomas:
- Website: www.tedthomas.com
- Website: www.tedthomaspodcast.com
- Email: info@tedthomas.com
- Video: Your 6 Minute Tutorial On Tax Lien Certificates
- Video: Your 6 Minute Tutorial On Tax Deed Investing
- Case Study: A Case Study On Tax Deed Investing
Resources from Sharon Spano:
- Website: www.SharonSpano.com
- Facebook: @Sharon.Spano.1
- Twitter: @SharonSpano
- Book: https://thetimemoneybook.com/
- Email: Sharon@SharonSpano.com
For the past 34 years, Ben Baker has worked as a professional writer, newspaper editor, and publisher with multiple books in print. He has written for clients in 38 countries. He specializes in writing press releases, white papers and general articles about tax liens, business and the outdoors. He has also served as a prison minister counseling men who have been charged with substance abuse-related crimes, helping them find their way out of the troubles they have found themselves in. He can be reached through www.BakerBrosPR.com.
What You Will Learn:
- Ben discusses his work as a writer, newspaper editor, and prison minister. He shares why he decided to become a minister for substance abuse offenders and he explains why he felt it important to get involved in their lives.
- Ben shares why he initially got involved in tax liens and tax deeds due to the big profits available. He shares how tax auctions work in his home state of Georgia, and he explains why you get a minimum 20% return on your investments there.
- Ben relates the story of attending his first auction and watching one auction winner’s purchase redeem at the auction, earning him 20% on his investment within 45 minutes of his purchase.
- Ben explains why there is a tax auction going on all the time somewhere in the country, with auctions being held on the first Tuesday of each month across the state of Georgia.
- Ben shares how he purchased a 3000 square foot two-story home at tax auction just four blocks away from his own home, and he shares how he was able to sell the home four different times.
- Ben explains why doing your research and understanding the laws and rules that govern the tax auctions in the state you’re looking at investing in is critical for finding success in tax liens and deeds.
Resources from Ben Baker:
- Website: www.BakerBrosPR.com
Carl Fischer is a founder of CamaPlan, a national self-directed IRA company. He is a national and state certified educator of professionals and provider of continuing education for attorneys, financial planners, CPAs, and realtors. Carl is the one professionals turn to when they need answers. He speaks nationally about the advantages of using qualified plans to build wealth. His wisdom, understanding and years of experience working in real estate, tax rules and regulations, traditional and non-traditional asset classes and legal documentation make him a well-respected resource in the industry. Carl was a former owner of Global Financial Resources, a mortgage broker company, and he is a third-generation real estate investor and president of Presidential Properties.
What You Will Learn:
- Carl explains what an IRA (Individual Retirement Account) is and shares how the IRS allows you to take a tax break on funds you contribute to an IRA. He explains why he favors a Roth IRA over a traditional IRA and explains the difference between the types.
- Carl shares how a self-directed IRA works and why it offers more investment flexibility than an IRA where someone else makes planning decisions on your behalf. He shares how funds in a self-directed IRA can be used to buy tax liens and deeds.
- Carl shares how banks and brokerage houses often call an account “self-directed” even though they restrict your investments to their in-house offerings, and he explains how a truly self-directed account allows you to choose any investments you want.
- Carl explains the services his company, CamaPlan, offers. He explains the limited restrictions on what you can use your funds in your self-directed IRA to invest in, and he shares how his company differs from banks and brokerages.
- Carl discusses why tax lien and deed investors would want to use their IRAs for their investments, and he goes over the tax benefits of using a retirement account rather than a bank account for these types of investments.
- Carl shares how to get more information about self-directed IRAs, and he discusses the transparency and availability of information that investors can take advantage of to better understand IRAs.
Resources from Ted Thomas:
- Website: www.tedthomas.com
- Website: www.tedthomaspodcast.com
- Email: info@tedthomas.com
- Video: Your 6 Minute Tutorial On Tax Lien Certificates
- Video: Your 6 Minute Tutorial On Tax Deed Investing
- Case Study: A Case Study On Tax Deed Investing
Resources from Carl Fischer:
- Website: www.camaplan.com
- Telephone: (866) 559-4430
Attorney Lee R. Phillips is a Counselor of the United States Supreme Court. He has three university degrees and has held licenses in real estate, mortgage brokering, securities, and life insurance, as well as being a registered investment advisor. Lee is nationally recognized in the fields of business structure, asset protection, financial planning and estate planning. He is the founder of LegaLees Corp., a company specializing in solving asset protection and tax problems for high net worth individuals. In Lee Phillips' career as one of the nation's most engaging, dynamic speakers, he has given over three thousand event presentations throughout the US, Canada and the Pacific Rim. He has helped over a million people understand the law and how to use it to make more money and protect their assets.
What You Will Learn:
In the first half of the episode, Ted speaks with Bob Schumacher of Macon, Georgia, who is a student of Ted Thomas's tax auction system. Bob has been investing in tax deeds for around twenty years, in addition to his career in forestry services. Bob discusses transitioning from forestry to consulting, and he shares how tax auctions are a great side business to supplement his consulting. He shares stories of some of his most profitable deals, including one he purchased from other investors who had purchased vacant land at an auction. Bob shares how the property owner did not end up redeeming, and he shares how he ultimately sold the property for a profit of $59,000. He also shares a story of a strange situation where he purchased a lot that he discovered had a small cemetery on the property. He highlights some of the unexpected problems that can pop up with a property, including invasive plant species that can take over an entire property. He shares some of the innovative strategies he uses to attract attention to properties he has purchased and more easily sell them, and he talks about filtering the immense amount of history and information on a property and only looking at the details that matter to the property's value. He shares how counties often offer a tool to allow property owners to pay online, and he shares how investors can use that same tool to determine if a tax-delinquent property has been paid current, rather than wasting time on the property.
In the last half of the episode, Ted speaks with his special guest, Lee Phillips. Lee is an attorney and highly regarded expert in the field of asset protection. In this segment, you will learn:
- Why the biggest threat to your assets comes from the IRS, and why 56% of all bankruptcies in the United States are due to someone in the family getting sick
- Why asset protection is a vital consideration for anyone, even if they're doing everything right in their business
- How a friend of Lee's is being charged with murder and losing his business, all because he didn't set his business up as an LLC
- Why illness can be a devastating experience for families, and how key legal protections like durable power of attorney documents can help protect yours
- Why taxes are really just compound interest in reverse, and why controlling your taxes is the key to maintaining your wealth
- Which two key primary tax shelters are available, and how even Donald Trump has used tax shelters to protect his assets from taxes
- Why Lee got involved in asset protection after he became sick and he and his family lost everything to the legal system
Resources from Lee Phillips:
- Website: https://legalees.com
Jeff Dube is a 20-year real estate investor from Jacksonville, Florida who has found success in diverse areas of real estate investing, specializing in rental properties but having extensive experience in many different aspects of real estate. Jeff has recently begun bidding at tax auctions in both Florida and Georgia, and his experiences as a relative newcomer can give you valuable insight into what to expect at your first few auctions.
What You Will Learn:
In the first half of the episode, Ted speaks with Bill Williams about a recent tax auction he attended in Florida. Bill discusses how there were around 10,000 tax lien certificates available at the auction. Bill shares how Florida holds almost all of its auctions entirely online, and he shares how Florida requires a 10% deposit based upon your maximum bid. Bill discusses how auctions in Florida work and explains why it isn't necessary to visit the property in person in that state. Bill shares how he used tools provided by the company that conducts tax auctions in Florida to filter out interesting properties from the list of 10,000 available. Bill discusses how the auction was conducted in two-hour blocks. He provides details of a specific example from the previous year's auction and how he received a 5% return in just 2 1/2 months on the property. Bill explains how a computer randomly selects a winner from all of the matching winning bids. Bill shares some of the key takeaways he learned at the auction. He shares the story of one of Ted's students named Josie, who had a massive win at a tax auction in Texas that resulted in around a $30,000 profit in about nine months.
In the second half of the episode, Ted speaks with his special guest, Jeff Dube. Jeff is a skilled real estate investor with more than 20 years of experience primarily in rentals, though he has recently begun attending tax auctions. In this section of the episode, you will learn:
- Why rental properties aren't a get-rich-quick scheme but require hard work, dedication, and knowledge
- Why tax auctions can be highly competitive and unpredictable, and why Jeff chose to attend a tax auction in the neighboring state of Georgia
- Why Jeff's bidding criteria changes based upon specific details of the property he's considering bidding on
- Why tax deed auctions in Georgia offer passive, low-effort investments with a minimum return of 20% of your investment
- How Jeff evaluates a property, and why he makes a point of viewing the exterior of the home to determine what the interior is likely to look like
- What kinds of returns Jeff is anticipating from the thirteen properties he won at auction in his first year of investing
- What valuable experience Jeff has gained during his first year of investing, and why he feels he will only get better at investing in tax auctions with time
- Why tax auctions have offered Jeff a great rate of return compared to the other types of investments he is involved in
- Why Jeff feels that new investors should take their time and have a routine that can be tweaked and improved
- Why having a coach to lean on significantly helped Jeff learn and feel confident in his investing strategies
Alex Mandossian is the CEO of Marketing Online and a global marketing expert whose marketing strategies have generated $400 million in sales and profits for his companies, students, clients, and alliance partners across five continents since 1993. As a dynamic and highly respected speaker, Alex has shared the stage with thought leaders like Richard Branson, Donald Trump, Tony Robbins, Robert Kiyosaki, Suze Orman, Mikhail Gorbachev, and the Dalai Lama. His clients have included New York University, Walmart, the New York Yankees, Wells Fargo Bank and many, many more nationally and internationally recognized names.
What You Will Learn: In the first segment of the episode, Ted discusses why Georgia is a particularly great place to make money. He talks about his student, Jeff, who has studied under Ted's coach Bob Schumacher and found big success investing in his home state of Florida as well as investing in Georgia. Ted explains how Georgia sells redeemable tax deeds every month in every county, that the property owner can cash in at a 20% penalty in addition to the amount owed in the first year. After the first year, you can begin foreclosure or let it roll, and if you let it roll then the penalty goes to 30%. Ted talks about how Jeff invested $200,000 in his first year in Georgia, for a minimum profit of $40,000. Ted shares details of a different student named B.R. who found a property listed at auction for just $326.03 plus incidental fees for a final purchase price of $1803, which he subsequently rented out for $500 a month.
In the second section of the episode, Ted brings in coach Bill Beddoes from Michigan. Bill will be going to a large tax deed auction in Tulsa, Oklahoma soon, and he shares how he is preparing for the auction. He describes the types of properties he expects to find and discusses his strategy for the kinds of properties he plans to target at auction. He discusses how weather issues in Oklahoma are probably going to suppress turnout at the auction. Bill shares how he meets with students to prepare them for the auction. Bill shares why it is important to visit properties to view them firsthand. Bill explains why not every property will sell at auction, and he shares how his personal record is purchasing 31 properties at a single auction. He shares how the buying tour is a life-changing event that everyone should try to attend.
In the third and final part of the episode, Ted speaks with his special guest, Alex Mandossian. Alex is a marketing expert and international speaker with a staggering list of high-profile clients. In this segment, you will learn:
- The three reasons people often fail at their goals: procrastination, perfectionism, and lack of momentum
- How Alex went from making around $60,000 a year to making more than that in a single day, and how he trains others to find their own success
- How Alex worked with Suzanne Somers for a television commercial for the viral product Thighmaster
- Why Alex believes in sacrificing short-term profit in favor of long-term wealth and relationship capital
- Why an entrepreneur's first hire should be a bookkeeper, rather than a personal assistant
- Why being an entrepreneur is a choice, and why starting out is going to require hard work for fewer rewards but will pay off in freedom
- How to "seed through storytelling", anticipating objections and preparing a story to overcome the objection before it comes up
- Alex shares examples of telling stories to overcome objections when selling, with specific strategies he has used himself
Resources from Alex Mandossian:
- All Selling Aside podcast: www.allsellingaside.com
Sandra Bravo is an entrepreneur, motivational speaker and coach whose goal is to transform women's business and personal lives through teaching them confidence, self-development, and entrepreneurship. She is the owner of AmaSSSing, a community of empowered women, and she is a highly respected speaker who has shared the stage with some of the top entrepreneurs and personal development trainers in the world, such as Robert Kiyosaki, Ted Thomas, Scott Harris, Gary Vaynerchuck and many, many more. Sandra believes that by empowering women, she can help them create positive changes in all aspects of their lives and unlock their fullest potential.
What You Will Learn:
- Why becoming a mother to two daughters reshaped the way Sandra saw her career, and why she was motivated to get involved in personal development
- Why empowering other women is something Sandra feels passionately about, and why she launched her brand, AmaSSSing, to help women build self-esteem and unleash their potential
- Why finding success requires sticking with something for a long enough period to see success, and why too many people give up too soon
- Why it is important to focus on a strategy rather than spreading yourself too thin, and why consistency and discipline are the keys to success
- Why Sandra and her husband decided to move to Queensland and have a fresh new start, and why she was deliberate in choosing her friends in her new home
- What a "vision board" is, what Sandra's current vision boards look like, and how she has used them to help her focus on success and envision what she wants from life
- How Sandra's online academy works, and how her coaching can help women find success in their lives
- How listeners can get access to a 3-minute daily video from Sandra by visiting her website, www.sandrabravo.tv
Additional Resources:
- Website: www.SandraBravo.tv
- Website: www.SandraNLP.com
Dave Dubeau is a Real Estate Entrepreneur, Best-Selling Author, Speaker, and Investor Attraction Expert based in Kamloops, B.C. Canada. He began his real estate investing career in 2003 doing 18 deals in 18 months. He later switched his focus to client-first rent to own deals, and nowadays he invests in multi-family (apartment building) properties. For the last several years Dave has been the World’s #1 Investor Attraction “Imple-Mentor.” Using his proprietary 5 Step Money Partner Formula™, Dave helps his real estate entrepreneur clients to grow their portfolios significantly and in record time by attracting investors (instead of chasing after them).
What You Will Learn: In the first section of the episode, Ted discusses “redeemable tax deeds” available in Georgia, Texas, and a small list of other states. Ted explains how a redeemable deed allows a property owner to redeem their deed within one year of your purchase, buying it back from you at a steep 20% penalty. Ted describes how the auctions in all 159 Georgia counties work. Ted describes the unusual situation of treasurers failing to auction properties, resulting in huge numbers of properties being sold at pennies on the dollar.
In the second portion of the episode, Macon, Georgia-based coach Bob Schumacher discusses his experiences with redeemable tax deed auctions in the state of Georgia. He shares how he tends to buy at one auction out of every three. He discusses the importance of keeping your maximum bid to yourself, and he shares the parameters he looks for in a property before bidding. He shares the clues you can look for to help decide if a property is in good shape inside or whether it will require a lot of expensive repairs. He explains what a “quiet title” is and how the process works.
In the final portion of the episode, Ted brings on special guest Dave Dubeau. Dave is a British Columbia, Canada-based expert who helps real estate entrepreneurs connect with investor leads, aiding them in generating investor funding for their deals. In this segment of the episode, you will learn:
- How Dave got involved in and has been working in real estate his entire life, and why helping entrepreneurs connect with investors is his preferred work
- Why it is important to find investors who you have a preexisting relationship with, to avoid legal trouble of accusations of selling securities
- How to collect a complete list of all of the people you have a preexisting relationship with, using your email accounts
- What strategies to use to reconnect with people and reestablish a relationship before you discuss business
- What mistakes Dave has made and learned from over the course of his career, and how he overcame the challenges those mistakes created
- Why Dave isn’t a fan of flipping houses, and why he sees rental properties as just a long term flip
Resources from Dave Dubeau: * Website: www.investorattractionbook.com
Kathy Kennebrook is a real estate marketing expert, as well as a real estate investor with more than 20 years of experience in a broad spectrum of types of real estate deals. Kathy helps investors with ready-made direct mail marketing campaigns to bring in leads, and in her own investments, she specializes in buying empty tracts of land through tax lien auctions and other methods and then making money from them through innovative and creative lease arrangements.
What You Will Learn: In the first section of the episode, Ted explains why Texas is a great state in which to buy tax lien certificates. Texas has monthly auctions, on the first Tuesday of each month in all 250 counties. The county auctions the deed to the property to the highest bidder at the auction, and the deed generates a 25% penalty return (note: this is not the same thing as an interest rate). The deed is redeemable by the property owner for 180 days after the auction, meaning the tax-defaulted owner can claim their property back by paying the taxes owed, plus a penalty of 25% to the holder of the deed. In Texas, the mortgage on the property is called the “deed of trust”, and it remains on the property even if you have purchased the deed at auction. If the property owner fails to redeem their deed by paying the taxes and penalty, your purchase of the property will still not generate a title because of the deed of trust encumbrance. However, the vast majority of defaulted property owners will redeem their deed.
In the second segment of this episode, Ted talks with coach Bill Beddoes about how auctions work in the state of Michigan. Regardless where you are in the United States, you can find information on Michigan's county-level tax auctions, properties up for auction, and any special Michigan county rules at www.tax-sale.info. Bill shares details of what sort of information you can find on properties available for auction in California at www.bid4assets.com. Bill discusses the kind of turn around and profits you can expect, and how many properties you can generally expect per auction. He explains that half of all auction attendees will never bid on a property, and he discusses what happens to the properties that don't sell at auction. He explains why Michigan offers major advantages over other states, and he highlights the value of finding a coach who is local to the area you are investing in.
In the final portion of the episode, Ted brings in his special guest Kathy Kennebrook. Kathy has been operating in real estate for more than twenty years, and she is both an investor and trainer. Kathy has diverse real estate investment experience, with fix-and-flip, buy-and-hold, tax liens and tax deeds, and more. In this segment of the episode, you will learn:
- What skills, traits, and experience you should develop if you are looking to go into business in real estate or any other sector
- How Kathy got involved in real estate with no previous experience, and why she decided to leave her career in finance to start investing
- What the transition from finance to real estate investing was like, and why the first deal was both a valuable lesson and a nightmare
- Why Kathy especially enjoys buying vacant land properties at auctions due to having less competition
- What innovative strategies Kathy has used to profit from vacant land properties she has bought at auction, including leasing to billboard companies and worm farms
- How Kathy uses direct mail campaigns to reach out to delinquent out-of-state landowners to find potential sellers
- Why Kathy caps her tax lien purchases at $1800-2000, why she and her husband are both risk-averse
- How Kathy helps investors implement direct-mail marketing campaigns into their businesses, and how to get more information about her services
Resources from Bill Beddoes: * Website: www.tax-sale.info * Website: www.bid4assets.com
Resources from Kathy Kennebrook: * Website: www.marketingmagiclady.com * Blog: www.attractmotivatedsellers.com
Seth Greene is the founder and CEO of the direct response marketing firm Market Domination, a seven-time Amazon #1 bestselling author, and the foremost expert in cutting-edge direct response marketing. Seth is also the co-host of the SharkPreneur podcast (along with Kevin Harrington of TV’s Shark Tank), which was recently named as one of 2019’s top 10 podcasts to listen to by Nasdaq. Seth has been interviewed by NBC News, CBS News and CBS Moneywatch, Forbes, Inc. Magazine, Entrepreneur.com and many other national news outlets for his marketing expertise.
What You Will Learn: In the first section of the episode, Ted explains the importance of finding a guide, coach or mentor to help you make choices in your investing. He shares the secrets to finding an excellent coach or mentor and outlines the things you should look for. Are they already getting amazing results? And are they getting those same amazing results for their students? If they aren’t able to demonstrate repeatable results, they probably aren’t the right coach for you.
In the second part of the episode, Ted speaks with Bob Schumacher, a Macon Georgia-based student of Ted Thomas's tax lien and tax deed system. Bob has been investing in tax deeds for around twenty years, alongside his career in forestry. Bob explains how he coaches students in tax auctions and prepares them for their first investments. He discusses what a GIS map (geographic information system map) is and how the information contained can help you better assess a property for its value.
In the final section of the episode, you’ll meet Ted’s special guest Seth Greene. Seth is the founder of marketing firm Market Domination, a #1 Amazon bestselling author seven times over, and a highly sought-after expert in direct response marketing. In this portion of the episode, you will learn:
- How Seth used marketing tactics and principles to successfully sell his house on Facebook after his family outgrew it
- What innovative marketing ideas Seth and his team came up with to market his home, and who they targeted with their marketing efforts
- How Ted recently used Seth's same Facebook marketing strategies and was able to find the same kind of success
- How MarketDominationLLC.com works to drive sales and leads for their clients, regardless of industry
- How Seth has begun learning tax lien and tax deed strategies from Ted and is about to go to his first auction
- Seth explains his hiring practices, and he shares why he wants applicants to challenge him and fight for the position
- Why the first step to marketing a property is to determine who the ideal buyer for your property is
- Why it is impossible to avoid problems, why the scale of your problems will grow with your business, and why problems can create opportunities
Resources from Ted Thomas: * Website: www.tedthomas.com * Website: www.tedthomaspodcast.com * Email: info@tedthomas.com
Resources from Seth Greene: Website: www.marketdominationllc.com
Drew and Recia Davis are Real Estate Investors, based in Phoenix, AZ. They have done many different types of Real estate transactions, and Tax Lien Certificates and Tax Defaulted Properties are one of their favorite Investments. They have mastered automating their real estate business to increase the time they have for their 3 young children. Their professional accomplishments include:
Education:
- Rich Dad / Elite Advanced Training
- Ted Thomas Advanced Education & Mastermind Members
- REI Blackbook Fast Track Mastermind Members
Investing History:
- 10+ Years Investing in Real Estate, Specializing in Wholesale, Rehabs, Rental Properties and Tax Liens & Deeds.
- Masters of Creative Acquisition Strategies
- Over 100 Real Estate Transactions
Awards, Titles, and Designations:
- Inducted into 2018 REI Blackbook Hall of Fame
Introduction: The business of investing in tax lien certificates and tax defaulted properties is typically one of slow, steady, consistent profits with no risk. However, under certain circumstances, you can see a massive payday…if the tax-defaulted owners neglect to pay up. Later in this episode, you’ll meet Drew and Recia, a husband-and-wife investor team who have twice purchased tax certificates that resulted in taking possession of the property. These two deals by themselves resulted in Drew and Recia profiting by almost $200,000. While these monster paydays are rare, they are incredible when they happen!
What You Will Learn: In the first section of the episode, Ted discusses "redeemable tax deeds" available in Georgia, Texas, and a small list of other states. Ted explains how a redeemable deed allows a property owner to redeem their deed within one year of your purchase, at a steep 20% penalty plus 10% per year after the first paid to you in addition to your purchase price. Ted outlines the process of purchasing a redeemable deed. Ted describes the unusual situation of treasurers failing to auction properties, resulting in huge numbers of properties being sold at pennies on the dollar.
In part two of the episode, Ted introduces Krystal, one of the experienced coaches from his organization who operates multi-day "Buying Tours". Krystal details how the Buying Tours help clients better learn the ins and outs of tax-defaulted properties. Krystal details how she came to become a coach after she lost her career in accounting. She shares how she encourages her students and keeps them learning. She shares the story of a client who already knew how to purchase tax liens and deeds but didn't know how to sell, and she discusses how she tailors her curriculum to each client's needs.
In the third segment of the episode, Ted brings on husband-and-wife team Drew and Recia. They have had remarkable success in tax lien certificates, including purchasing a tax certificate for $11,000 on a property worth $180,000, and taking possession of the property when the tax-defaulted owners did not redeem the certificate, meaning they invested just $11,000 and profited in equity by more than fifteen times their investment. In this portion of the episode, you will learn:
- How Drew and Recia got started investing with no previous experience, and how they got their big win and took ownership of a luxury condominium for minimal money
- What steps had to be taken to do their first investment, and how they have scaled their tax lien certificate business
- Why tax liens were a great opportunity for Drew and Recia to get started in real estate with no prior experience
- What steps Drew and Recia took, and how they recommend you do your research on properties before you invest
- How you can often get inside information by understanding the codes your county uses to list your property
- How your ongoing investments can grow by reinvesting your profits for more and bigger deals over time
- Why it is important to understand the differences in counties and avoid places where you can potentially overbid and lose money on the deal
- Recia shares details of a second property they obtained through an $11,000 investment, and she shares how they quickly sold the property for a $24,000 profit
- Drew shares the early fears they experienced getting into investing, and he shares the importance of taking action
Resources from Ted Thomas: * Website: www.tedthomas.com * Website: www.tedthomaspodcast.com * Email: info@tedthomas.com
Resources from Drew and Recia: * Tour two of Drew and Recia’s properties here: https://vimeo.com/332031366/b9dd54c186
Brian Fouts is the CEO and co-owner of The Elevation Group, a rapidly growing financial education company with more than 50,000 worldwide students. Brian’s strategy is deceptively simple: if you want to become wealthy, do what the ultra-wealthy do. This premise is the foundation of The Elevation Group’s teachings, where they show people how to think outside the box, view their wealth differently, and learn to invest the way the ultra-rich do. Brian’s wisdom is likely to change the way you view work, as well as your relationship with money and wealth-building.
What you’ll learn about in this episode: In the first section of the episode, Ted reiterates the difference between tax liens and tax deeds. He explains how tax deed auctions work, and he shares his extensive background in tax lien certificates and tax defaulted properties. He shares the kinds of returns on investment you can expect from these kinds of investments. He discusses why “fix-and-flip” TV shows aren’t an accurate depiction of real life.
In the second part of the episode, Ted brings on Bob Schumacher, a Macon Georgia-based student of Ted Thomas’s tax lien and tax deed system. Bob has been investing in tax deeds for around twenty years, alongside his career in forestry. Bob shares the details of a recent property closing he did, with a $7000 investment and final returns of $23,000, for a total profit of $16,000. Bob explains a “quiet title” and why it eliminates problems with the tax deed history. Bob details the experience of going to a tax sale, shares what you can expect when you get there, and offers tips for your first auction.
In the final section of the episode, you’ll meet Ted’s special guest Brian Fouts. Brian is the CEO of The Elevation Group, the fastest growing financial education company in the world today. Brian and The Elevation Group have helped more than 50,000 people since 2010 by teaching them the tools and strategies used by some of the wealthiest people on the planet. In this part of the episode, you will learn:
- How The Elevation Group’s training works, and what sort of nontraditional wealth-building and investment strategies they teach their students.
- Why Brian has a passion for understanding how true wealth is built, and why the 2008 economic crash taught Brian a valuable lesson about investing.
- Why Brian loves his work, and how Brian’s brother Jake got involved in the business and became a firefighter and entrepreneur.
- Why the wealthiest people and most successful investors don’t believe in retirement and have a different mindset around wealth.
- How Brian became an investor through self-determination, and what painful early lessons and challenges he faced in his investing career.
- Why time is a valuable asset, and why too many people give their time away freely by focusing on active income.
- How portfolio income differs from active income, and why passive income is the superior method of income.
- Why the wealthiest people leverage all three sources of income, moving their money from active to portfolio to passive income.
- Why Brian’s system teaches people to buy existing businesses that already have established clients/customers and established cash flow.
- How The Elevation Group helps members with a range of areas including tax strategies, investment strategies and more.
- What kind of investors make up the typical The Elevation Group member, and what sorts of goals they are wanting to achieve.
- Why passion is the key to growing any business, and why it is important to do something you’re excited about.
Resources from Ted Thomas: * Website: www.tedthomas.com * Website: www.tedthomaspodcast.com * Email: info@tedthomas.com
Resources from Brian Fouts: * Website: www.theelevationgroup.com * The Obstacle Is The Way by Ryan Holiday: https://amzn.to/2PihHtK
Ron LeGrand is a master real estate investor and trainer with three decades of experience investing in residential and commercial real estate. Ron is also a bestselling author, highly sought-after speaker, and prolific coach and mentor with dozens of home study products and countless live training events under his belt. Ron is widely regarded as the master of wholesaling and has truly come to dominate his niche. He is also the host of the Mentor Podcast, where he shares his strategies and gives no-nonsense practical advice to investors across North America.
What you’ll learn about in this episode: In the first section of this three-part episode, Ted Thomas discusses the safe wealth-building strategies he employs in his own investments. He details the incentives local governments offer to encourage investors to purchase tax lien certificates, and he highlights the important key details you need to know to maximize your returns. He explains the fundamental differences between tax lien certificates and tax deeds, and he shares why his investment strategy is ideal for anyone who wants a risk-free investment strategy that offers far better returns than the banks will offer. He even offers case studies of real people who got a remarkable return on their investment with minimal effort.
In the second portion of the podcast, Ted brings in one of his experienced coaches, Bill, to share his own history in tax lien certificates and tax deeds. Bill shares how he first connected with Ted and got started in this investment niche, and he discusses some of his remarkable early wins. Bill details the specifics of how tax deed auctions work in his home state of Michigan. Bill shares examples of some of the properties that he purchased and the kinds of profits he has been able to collect.
In the final portion of the episode, you will be introduced to master investor and “pretty house/ugly house” originator Ron LeGrand. Ron’s business is built on the strategy of “wholesaling” houses, and he mentors investors all over North America on how to use his strategies for their own investment portfolios. In this portion of the episode, you will learn:
- How Ron got started in real estate when he was a broke mechanic, and how he was able to grow his business to become ultra-wealthy.
- Why Ron avoids "fix-and-flip" rehabs, and why he sticks instead to what he calls the "pretty house" business.
- Why a true expert will need to work in their niche for years to master it, and how Ron has developed his business to be risk-free and recession-proof.
- Why marketing is a vital component of success in the real estate industry, and why mentoring only effective after you've had basic real-world training.
- Which important areas you need to focus on to learn real estate quickly, and what pitfalls to avoid.
- How the 2008 real estate market collapse and economic crash affected Ron's business, and how he bounced back.
- How to get Ron's enormous and valuable training package including videos, scripts and more, for just $99.
Resources from Ted Thomas: * Website: www.tedthomaspodcast.com * Email: info@tedthomas.com
Resources from Ron LeGrand: * Website: www.thementorpodcast.com/ted
Chris Prefontaine is the best-selling author of Real Estate On Your Terms. A real estate investor with over 27 years of experience in the field, Chris is the founder of Smart Real Estate Coach and host of the Smart Real Estate Coach Podcast. He lives in Newport, Rhode Island with his wife, Kim, and their family. Chris operates the family business with his son, Nick, his daughter, Kayla, his son-in-law, Zach, and an amazing team. Together, they are co-authoring the book: The New Rules of Real Estate Investing, to be released in 2019.
Chris has been a big advocate of constant education. He and his family mentor, coach, consult, and actually partner with students around the country, teaching them to do exactly what their company does. Between their existing Associates nationwide and their own deals, Chris and his family are still acquiring 5-10 properties every month and control between $20 to $30 million dollars worth of real estate deals — all done on TERMS without using their own cash, credit, or signing for loans.
Chris and his family believe strongly in giving back to the community. They currently support Franciscan Children’s Hospital in Brighton, MA, 3 Angels Foundation in Newport, RI, and the Wounded Warrior Project by giving a percentage of all deals to those causes.
What you’ll learn about in this episode: In the first section of this three-part episode, Ted Thomas discusses the safe wealth-building strategies he employs in his own investments. He details the incentives local governments offer to encourage investors to purchase tax lien certificates, and he highlights the important key details you need to know to maximize your returns. He explains the fundamental differences between tax lien certificates and tax deeds, and he shares why his investment strategy is ideal for anyone who wants a risk-free investment strategy that offers far better returns than the banks will offer.
In the second section of the podcast, Ted brings in Bill Williams to talk with him about tax lien certificates and tax deeds and to address some of the common questions and concerns first-time investors may have when entering this investing niche. Ted explains why this is an ethical investment strategy that helps the delinquent homeowner, helps the local government, and profits you as the investor. Bill and Ted discuss the process for finding and bidding on tax deeds and tax certificates.
In the final portion of the episode, you will be introduced to master investor Chris Prefontaine. Chris uses an entirely different strategy for his real estate investments by purchasing properties on terms, and he is a top-level coach who teaches others to do exactly what he does. In this portion of the episode, you will learn:
- How Chris and his family team buy on “terms”, without using a bank or personal credit and without paying cash outright.
- Which three funding methods Chris uses, including lease purchasing, owner financing, and buying subject to the existing mortgage.
- How Chris got involved in real estate over 27 years ago, and how his business has evolved to use different effective strategies over time.
- How Chris’s family business is structured, and how his family came into the business organically over time. Chris explains how many deals his family does a month.
- How Chris’s strategy gives him three paydays per deal, and how much Chris and his family average per deal they complete. Chris gives a hypothetical example of how three paydays per deal works.
- How long it takes for Chris’s average student to learn to use his system, and why it is important to allow at least six months to see your first success.
- How Chris’s coaching works, and how Chris’s family members are as involved in the coaching system as they are the real estate investment business.
- Which types of people are the right fit for Chris’s investor community, and what criteria Chris and his team look for in applicants.
- How the 2008 real estate market crash affected Chris’s business, and what steps he and his family team took to recover from the crash and then further scale their business.
Resources from Ted Thomas: * Email: info@tedthomas.com
Resources from Chris Prefontaine: * Website: www.freesrecbook.com * Website: www.smartrealestatecoach.com
Ted Thomas, best-selling author and publisher is best known as America’s Tax Lien Certificate and Tax Deed Authority. Thomas has sat for more than 200 radio and TV interviews, most recently on ABC, CBS, NBC and Fox and he has been recognized in Newsweek, USA Today and the Wall Street Journal. Ted Thomas is the go-to guy when people want to discover how to invest in secure government certificates that pay 16% and 18%.
Ted Thomas organization is the single largest Source of Tax Lien Certificate & Tax Deed Informational Products in the World...To Help You... We are knowledge brokers and we provide financial solutions in many forms.
For example: Guidebooks and Manuals, Directories, Newsletters, Audio Home Study Courses, Video Learning Systems, plus Live Weekly Teleconference Sessions, Workshops, Seminars, and Coaching.
Ted’s best selling Home Study Course titled, Quick Start to Buying Government Tax Lien Certificates & Tax Deeds, is considered the benchmark standard for the Tax Lien Certificate and Tax Deed industry. Thomas also conducts live tours of Tax Lien Certificate and Tax Deed auctions.
In summary: Jones & Trevor Marketing is the single largest SOURCE of the Tax Lien Certificate & Tax Deed Informational Products In The World!
What you’ll learn about in this episode:
- Why Ted believes strongly in conservative investment strategies that minimize or eliminate risk
- Ted’s background in real estate, growing his apartment and office building investment business to over $200 million in less than 10 years
- How the 2008 real estate market crash caused Ted’s company to go into bankruptcy and forced Ted to reevaluate his investment strategies
- How Ted bounced back through safe, predictable investments in tax lien certificates and tax-defaulted properties
- Why Ted’s investment strategies are so appealing to everyone from young women to seniors
- How 90% of what Ted does can be done online from the comfort of your home, and how it only requires between 5-10 hours a week to do