The Everyday Real Estate Investor: Recent Episodes
Ben Jacob Nelson
The Everyday Real Estate Investor is about just that - the “everyday” person - from those who want to get into real estate investing to those who have started but are trying to up their game. Most “everyday” people are busy -family, work or businesses and life in general keeps them busy enough - and struggle with how to start or ramp up in their investing. This podcast is for YOU! We’ll talk to “everyday” people, just like you, who’ve cracked the code to investing without being full-time in real estate. We’ll also talk about strategy, tools, resources, mindset and more to help YOU do the same.
As we near the end of 2023, and with so much happening in the finance world in the last few weeks, it's time to check in again with our lending expert Grant Schroeder to get another update! We talk about what's been happening with rates, what the Fed has been doing (and is likely to do moving forward) and what to expect as we head into 2024. Make sure you're watching and understanding where things are going so you can position yourself for success in this next year!
This episode comes with a big dose of irony, and could possibly even be interpreted as a bit hypocritical, especially if you listened to last weeks episode on Staying the Course. Today we talk about shifts in your business - pivoting, taking a pause, and "strategic quitting" - as I announce doing so myself, for a season, with the podcast. One can only invest their time in so many things, and cannot be their best in any of it if they are spread too thin. Sometimes it takes making a hard decision, but being decisive in that decision vs stubbornly moving forward can often be a right move.I often say sometimes you need to let go of the good in order to grab hold of something that's better. However, this is not the end...rather this is a pause before a new beginning, where I can focus on a few other areas of my life and business for a time, strategize a comeback, and re-launch with better, higher quality and more intentional content in the near future. I'm not quite sure what that looks like yet - it may be a new format, a re-brand or something completely different - but I'll work it out with the intent to continue to share knowledge, inspire action and help us push each other to be our very best.I encourage you to ponder the things in your own life and business, and take a serious look at what might need to be set aside, whether that's for a season or for good, so you can be your very best where it's needed at this moment.Until next time - The Everyday Real Estate Investor
Let's be real...business, and life, can be difficult and bring many challenges along the road we travel. Right now we certainly see some challenges on a larger scale - a questionable economy, high interest rated wreaking havoc, wars and global conflict, an upcoming election...to name a few. On top of all of that, you may be facing personal or business challenges yourself. So, what do you do when you find yourself in that place? Whether it's a business or personal life situation, you have a few options...but one of them is to stay the course, and push your way through. Today we'll talk about what to do (and not do) and the mindset you need to be able to carry on when you're at that crossroads and trying to decide what to do next. We'll also give a dose of inspiration and encouragement to help give you the drive to make that happen.
Whenever you're looking at a deal, there are multiple exits you can - and should - be considering. Most investors have a "main" strategy that they employ on a regular basis, from "buy and never sell" to "flip and never keep". But, whatever end of that spectrum you find yourself on, you should always be asking questions to make sure you're making the right investment decision. As a "hold" or long-term investor, you still may consider something short term from time to time. As a "flipper", you should absolutely be considering holding some of the right properties. So, which ones to hold, and which ones to sell? That becomes the big question. Today we'll go over a handful of questions you should ask and factors to consider as you're deciding whether a deal is something that you'll own for a short time or for the long haul. Join me as we make sure to ask the right questions for every deal so you can make sure you're making the right decision on each one...and maybe even taking down opportunities you would otherwise pass on.
Due Diligence...it's not the most sexy topic within the realm of real estate investing, but it a critical one. While most of us would rather be talking about big deals, high returns and home run projects, the truth is that those things will never happen without proper due diligence when getting into a deal. Today we're going to talk about just that, and some of the things you need to be considering before you close on any investment property. While far from everything you need to be looking at, this list will get you started in the right direction, and thinking of some other things you may want to check into before you fully commit to any real estate purchase. Don't skimp on these areas....real estate investing holds risk, but you can minimize that risk and avoid poor investment decisions by making sure you're taking proper steps in your due diligence process.
It's that time again...time for another financing and market update with one of our favorite guests, Grant Schroeder of Academy Mortgage. We'll talk about the Fed, mortgage rates, inventory levels, supply and demand, what to expect over the next months and more! We'll also touch on one of the big questions many investors are asking...does buying a new investment even make sense in today's market, and if so what strategies still work, even with much higher rates than we've seen in recent past. Make sure you tune in to stay up to date on what's happening and what other investors are doing right now so you can make informed investment decisions.
Today we have another spectacular guest on as we meet Dr. Eric Holsapple, founder of Living in the Gap and bestselling author of Profit with Presence: The Twelve Pillars of Mindful Leadership". Eric shares about his journey to business success as a real estate investor and developer, and how it brought him to a place of discovering that, while successful by society's standards, he was unhappy and stressed. He found practicing mindfulness to be paramount in helping him get through and to the other side, where it also led him to his passion - practicing and sharing mindfulness with others through his business and book, named above. We talk about being present, practicing mindfulness and challenge you to redefine "success" for yourself.Eric also has a PHD in economics, so of course we spend some time talking about the current market and economy as well. This is one you don't want to miss!
Today we have another fantastic guest on the show, Justin Moy, managing partner of Presidents Club Investors. Justin has an inspiring story to share about his real estate journey. As a young sales agent, he struggled, but stuck with it to find success. From there, he found his way to his current role and passion, helping others turn their "one time" income into long-term investment and passive income, specifically focusing on assisting other commission-based sales agents. With Presidents Club Investors he helps passive investors participate in excellent investment opportunities around the country, where they can make sure their money is invested and growing. Justin's goal is to put people on track to "retire in 10", and help them transition from their often unpredictable sales or W2 income to passive investment income. Join us as we talk about mindset, strategy, and the opportunities we see coming over the next couple years in the commercial space.
Today I'm joined by another incredible guest, Mike Hardy. Mike is a true "everyday investor". With a background in the financial services industry, Mike started with a single triplex and grew to being involved in over 100 properties, with 20 doors of his own. Mike is also the managing partner for Churchill Mortgage, with a top 1% producing team, as well as principal of CYRUS Opportunity Zone Fund. In our conversation we'll discuss how Mike got started, opportunities and hurdles he had along the way, and what he's doing now with his investing and the fund he manages. We'll also dive into mindset and behavioral science, and explore some ways you can overcome mindset battles and limitation, as Mike did himself to get past his own fears to go on and complete an Ironman triathlon. You'll leave inspired and with practical tips to help in your own life and investment business!
It seems that every time I get away from the hustle and grind of everyday life and business, I always come away with new lessons and reminders about both. This last time, as I was recently gone for almost 2 weeks - first at Scout camp with my boys, and then on a family camping & fishing outing - proved to be no different. Sometimes the simplest of things, the slight observations we can make when we're not distracted with the constant ringing of the phone or pinging of text and email, can give us those insights we need to push forward or make needed adjustments. On this episode I share some thoughts, some reminders to all of us, of several things that are foundational to our success in life and business. Join me as we take these lessons and remind ourselves to apply them to our own lives.
Today we're back with an amazing guest on the show! Kevin Bupp, host of the popular podcast "The Real Estate Investing for Cash Flow Podcast", is the Founder & CEO of Sunrise Capital Investors, which invests in mobile home parks, parking lots, apartments, offices, and single family homes all across the US. He has 16 years of experience in educating investors to locate, acquire, and create “higher than average” returns from the widely misunderstood niche of mobile home park investing. He is also the #1 bestselling author of the new book "The Cash Flow Investor: How to Create Financial Freedom Investing in Commercial Real Estate." Kevin shares from his vast knowledge and tells about how he got started and what brought him to where he is in his business now. He shares about his journey from buying single family homes, to losing it all during the financing crisis, to hitting the "reset" button and reinventing his business to focus on raising capital and buying large assets across the country. Join us as we discuss some very intriguing asset classes and talk about investing in mobile home parks & parking lots. As always we'll touch a bit on mindset, the market and more.
On today's show I welcome back guest Zach Lemaster of Rent To Retirement! Zach and his company are one of the top turnkey real estate providers in the country, offering both new construction and rehab properties, rent ready, so you can put your money to work and start getting cashflow immediately. We talk about the turnkey model, some of the nuances of investing in turnkey properties and a bit about a few of the markets Rent To Retirement is involved in. We also touch on the market as a whole, and the general outlook moving forward. You won't want to miss this one, especially if you're looking for a way to purchase some quality properties in good markets that are delivered to you 100% ready to start bringing in some cash flow!
On this episode I'm excited to get back to one of the main components of the show...talking to everyday people about their journey and the success they've found in real estate investing.You've heard me say it before...the amazing thing about real estate, and the potential downfall, is the incredible number of ways you can make money and the many different directions you can take your business. Today we'll talk with Brad Shepherd, managing partner of Sugarhouse Investments, who himself has been through the journey of finding his way in real estate, finally landing in his sweet spot of raising capital. Brad and I talk about how he got started, some of his findings a bits of wisdom he gained along the way and how he ultimately found his place in matching private investors to quality deals and sponsors. We also talk about some of the things that led him to focus solely on raising funds, and why he decided to go down the road of becoming a licensed securities broker. It's hard to talk to any active investor without at least touching a bit on the state of the market and the outlook moving forward, so we get into that a bit as well!No matter where you are in your real estate investing journey, you'll get ideas, practical advice inspiration from hearing this interview with Brad.
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Adaptation is absolutely necessary to thrive during times of change...and all times are times of change. In business, if you're not nimble and able to adapt, someone else will be, and you're going to fall behind. In life, the unexpected happens. In your day-to-day, things come up that cause you to need to pivot from your plans. Today we'll discuss why it's necessary to be able to adapt, and how to set yourself up to do so for success in a world that is constantly changing.
Life is full of opportunity. It's also full of distractions. Even good opportunities can be a bad thing if they pull you away from what you should be focusing on. Today we'll talk about what I call "shiny object syndrome" - letting the newest or latest, the "easier" or the most recent on your radar lead the way in how you spend your time and efforts instead of your thought out strategy and goals. Let's dive into how to recognize and overcome these potential distractions, and how to make sure you're keeping focused so you can stay on track to achieving your highest potential.
With the finance markets continuing to be volatile, it's time for another update with our friend Grant Schroeder at Academy Mortgage. In this episode we'll discuss the current market and where we think things are heading. When things continue to change rapidly, it's even more important to stay up to date on the market! The great news is that when you're well informed, that's how you find opportunity, no matter what the market is doing.
Let's be real...life isn't always easy. If you've had it pretty good to this point, know this...trials and challenges will come. Exactly what they are and when they'll come, that's impossible to say. But, inevitably, they will come. Whether a business challenge, financial struggle or a health concern, there are so many areas of our life we can face these trials in. I know what you're thinking...what a downer of a topic! But it's important to be aware that these these will come, so you're prepared with a solid foundation and strong mental attitude to handle them when they do. Not only that, when we see it through to the other side, we can be stronger for it and learn the lessons life has to teach us, as hard as they may be. Adversity is never fun, but for those that embrace it when it comes there lies wisdom to be gained through the experiences.
Inflation. It's been a hot topic of conversation over the past year or so as the rate of inflation has been higher than we've seen in decades. But the reality is, inflation is always happening in our economy...in fact, the powers that be openly admit that they target certain levels of inflation. What that mean for every person in our country is that your purchasing power is constantly going down, and your level of wealth is worth less in the future than it is today. Bad news right? Or is it? If you go into your investments with this knowledge, and understand that buying the right assets hedges against inflation, you can figure out how to align your financial future with it and actually benefit from this powerful force to grow your wealth. Today we'll touch on the surface of this topic to spur you to dig deeper and really understand it so you can see how it affects your investments, and how to use it to your advantage.
Today marks a milestone for me - 4 decades on this planet - as I celebrate my 40th birthday. I've learned a lot of lessons over the years, as you do with life experience. As I self-reflect on everything that's happened in my life so far, and prepare for the next decade and beyond, today I'll share 10 of my top takeaways and lessons learned after 40 years. Life is full of ups and downs, of victories and challenges. It's up to us to take the lessons from each and apply them for a more successful, fulfilling and impactful future.
As an entrepreneur - heck, even just living life - there are always so many things on our lists that we could be doing. The challenge is in deciding what things you should be doing, and which you should be doing first. Using lessons from Gary Keller's book "The ONE Thing", today we'll take some of the highlights from his book and discuss how you can easily figure out that "ONE Thing" that you should be focusing on today, this week, this month to drive massive results in your business and your life. Stop scrambling, quit living without direction and start using these tactics in your life to get focused and create huge results!
Using your retirement account to invest in stocks, mutual funds and the like is widely accepted as just "what you do" with retirement accounts. But did you know you can use your retirement accounts to invest in almost anything, including real estate? If you didn't, you're not alone - many people discover this fact much later than they would have hoped! Today we sit down with Tina Colson of IRA Advantage and touch on the basics of using your retirement accounts to invest in real estate. You'll get the foundation to start exploring this as an option for yourself, to get more control and have more options for investing in your own future.
There are 2 main ways you can build your business - you can have a hyper-targeted approach, the "get rich in a niche" method, or you can have a "wide stance" with multiple angles, strategies and approaches. On this episode we'll dive into both of these options and talk about the pros and cons of each. As with most things, there isn't necessarily a "right" or "wrong" answer, but it's important to fully consider each before deciding which way to build your own business. Join me as we look into these 2 approaches so you can discover which might be the best route for yourself!
Whether in our real estate investing career or throughout life, we will undoubtedly at some point find ourselves in challenging circumstances. The question is, when you're there, how will you respond? In today's podcast we get the privilege of listening in as I chat with Jeffrey Holst to hear his comeback story. Jeff went from a potential catastrophic medical diagnosis and personal bankruptcy to financial freedom in real estate. Listen in as we discuss his key components to success as he went from a life low point to owning 50 units and achieving financial freedom, while at the same time forming his "No Bad Days" philosophy on life. You'll leave feeling inspired, motivated and knowing that no matter where you are in business or life you can pick yourself up and reach your goals. No Bad Days!
What does the future of the real estate market look like? Are we heading into a crash, a market correction, or area we going to see markets continue to appreciate? Today I have guest Mike Nuss of Rare Bird Acquisitions on as we discuss market conditions and what to expect moving forward. Keeping your eye on the many aspects of the real estate market, as well as the outside forces that can affect it, is key to making good, informed investment decisions. Listen in as Mike and I give our take on what's going on in the real estate market!
Great marketing is key to success for any business, including real estate investing. But effective marketing can be complicated, and there are MANY things you can do wrong that will kill your return on investment with your marketing. Today we'll touch on 4 mistakes many make with their marketing that have a huge impact on whether or not it's effective. Listen in so YOU are not making these same mistakes, and find ways to improve your marketing for better results!
When you have money set aside to invest, getting into real estate investing can seem easier. What about if you want to get in the game but don't have a lot of capital to work with? Today we're going to explore 4 ways YOU can get started in real estate without having a ton of money to invest. These are ways to get started so you're active and around real estate on a regular basis and can learn and gain the knowledge necessary to be successful as an investor long-term. Use one or all of these as building blocks for you real estate investment business.
Supply and demand is often spoken about as THE driver behind pricing. Usually inventory levels and absorption rates are the main metrics being discussed. But, behind the scenes there are other factors that can directly influence both supply and demand. Today we'll talk about a number of these levers that, whether purposefully or not, have a huge affect on markets - both locally and nationally. These are things you absolutely want to be watching, understand how they work and know where they're headed to be able to make the best decisions in your real estate investments.
There are many factors that contribute to your success (or lack of) in real estate investing. In this episode we're going to discuss a handful of those that are key to both your initial and ongoing success as a real estate investor. This is absolutely not a full list, but these 5 are ones that you want to make sure you have a good handle on in your investing business.
The key concepts of how to be successful in business as well as in life are very similar. Not only that, but success in business is nothing without success in the other areas of your life. Today we'll talk about 10 things to consider to set yourself up for success in both. Whether you're just starting or have been on the real estate investing journey for some time, it's important to remember and keep perspective on these things. If you haven't already, spend some time thinking deeply through these to make sure you have the proper foundation for overall success.
Buying investment real estate is powerful...but what makes it even more powerful is when you align your goals with your investment strategy, and take the right daily actions towards that goal. It all starts with asking yourself some simple questions to really understand your goals, your mindset behind investing and a few other key pieces to the puzzle. Listen in today as I give you a handful of questions you should be asking yourself, both as a beginning investor and from time to time as an experienced investor, to make sure you're heading down the right path to reach your real estate goals.
Things continue to change rapidly, so it's time to talk with our lending expert Grant Schroeder again to see what's going on in the lending world and what to expect. We'll touch on what's going on with the Fed, what's happening in the real estate market and a few other things to pay attention to so you can make great investment decisions and be confident moving forward.
Ok, I'll admit I'm not nearly as caught up on everything going on with AI as maybe I should be. I also know this just barely scratches the surface on what AI is capable of, and answering a question is a pretty basic function for it. But, nonetheless I thought it would be fun to just explore it in a very simple way. On today's episode I ask ChatGPT for the top 5 reasons to invest in real estate. I ask it live on the podcast, so shooting from the hip I'll add my thoughts to its answers, and a couple additions of my own. Join me as we ask AI why YOU should consider investing in real estate. :)
In this episode I get the opportunity to sit down and talk to one of the people that immediately comes to my mind when I think of an "everyday" real estate investor. Sep Bekam of Bekam Investment Group is down to earth and humble, even self-admittedly a bit shy, but has done and is continuing to do big things in real estate investment.
We'll talk about a broad stroke of topics, from getting started, to overcoming obstacles during an investment, to raising capital and syndication, to economic outlook - and of course throw in a pinch of philosophy and mindset. You'll get a TON out of this episode as Sep shares from his vast experience in life and in the world of real estate investment.
Time for everyone's favorite topic....taxes! With tax season here, it's a fitting time to talk about this. While this isn't most people's topic of choice when mingling at a party or hanging out with friends, it SHOULD be at the top of your list to be discussing with your chosen professionals often. In this episode I talk with my CPA Blake Kosareff of SBA Tax as we discuss some of the tax benefits of investing in real estate. Not only that, you'll discover why you should be EXCITED to talk about taxes. Taxes shouldn't be a topic you "have" to discuss, it should be something you WANT to discuss because being proactive and having a tax strategy can MAKE YOU MONEY! You'll leave with a different mindset and perspective on taxes and a few tips to get you thinking and headed in the right direction.
Today we talk about a big word - commitment. This word is often used but its true meaning is almost never fully understood when it's said. It's thrown around lightly and used outside of its original intent, without the strength of the pledge that was meant to be behind it. A commitment to a marriage - with the mindset of an "out" if it doesn't go as planned. A commitment to a goal - until the going gets tough and the hurdles get too high. These are just a couple things that often get put in the "commitment" category when the outcomes can tell a different story - that full commitment was never really there in the first place.
It's easy to be "committed" when things are going your way. It's when the going gets tough that your level of commitment shows. Commitment is not always convenient. Commitment is not always easy. In fact, most things worth committing to in a big way I can guarantee you will not be. When the feelings that were there when you made the commitment have faded, that's when your real commitment level is tested.
Let's dive deep into this word and discover what it means to be truly committed to something, to someone, so we can move forward with that intent in the things we desire to be and deserve our 100% commitment to in our lives.
Good marketing is the backbone of any business. After all, how can people do business with you if they don't know who you are, what you do and why THEY should do business with YOU? I remember hearing Grant Cardone say recently - and probably has said often - that "You're only worth as much as how well you're known". Your success in business is in direct relation to how well people know you and how you can help them get the results THEY'RE after. In today's episode I talk to Dan Barrett of Adwords Nerds, and we discuss everything from high-level marketing philosophy to his specific model at Adwords Nerds and how his company is set up to target high-likely opportunities for #realestateinvestors to get them in front of the right sellers.
From your messaging to how that message is delivered, there are SO many things to consider for effective marketing. This is an extremely important episode for anyone wanting to start getting their message out to the world, or wanting to increase their results from their current marketing efforts.
In today's episode I talk with Martin Saenz of Bequest Funds, who runs a real estate investment fund focused on commercial real estate and note investing. When a layoff from a corporate job forced the issue on pursuing entrepreneurship, it led the way to a path where he now is running a fund that holds $75 million in assets. Martin is passionate about educating investors on the asset classes he works in, and making sure his investors are served well and can expect solid returns. We'll also talk about the fact that active investing isn't for everyone, BUT you can still get exposure to many of the benefits of real estate by investing passively with other active investors. If you've considered or are interested in learning about passive investing, this is definitely an episode you'll want to listen in on!
Is now the right time to buy real estate? What about a possible market crash or correction? What if prices come down? What if the economy goes into recession? In today's podcast, I'm going to go over why NOW is the time you should absolutely be investing in real estate! Don't miss opportunity by sitting on the sidelines! Listen to this episode to learn why YOU should be continuing to look at real estate investments and acquiring more property.
There are a lot of things that can negatively affect your business. From poor systems and follow up, to bad underwriting and analysis, there are many things you need to make sure you have dialed in for your business to succeed to a high level. Today we'll dive back into mindset and discuss the foundation of your business - your thoughts and beliefs. The voice between your ears is critical to your success, and we'll go over 7 thoughts that will absolutely KILL your investing business. You'll leave with a new awareness around some thoughts that may need to be addressed in your own mind, and the inspiration to take the steps necessary to re-write the script you tell yourself on a daily basis so you can see improved results and a more healthy, more productive mindset.
The new year has started, and already we're starting to see some momentum again in the market. Will it continue? In today's episode we'll check in with Grant Schroeder at Academy Mortgage to get an update on the current lending market, what he sees going on right now within his business and where things are likely heading in the coming months as we head into the spring buying market. Don't miss these important insights as you go after your investing goals for 2023!
Sometimes life throws us the unexpected, and with it a big dose of perspective. This past week started with one of those moments for me, and I can't help but go back to the basics of life. All our goals, all our accomplishments and "success" mean nothing without proper perspective and priorities. I wasn't as thorough and eloquent as I'd hoped to be in this with the fog I'm walking in from this week, but I hope the message is still heard with clarity and brings you back to evaluating the focus and priorities of your own life.
This week I chat with guest Peter Reese of Reelvest Properties and Turning Profit about a fascinating niche - investing in land. Peter found this sector of real estate investing not too long ago, has run with it and not looked back! We talk about how to look for deals you can turn quickly for big profits, and how you can start with very little to invest! There is huge potential in this niche, so don't miss this one!
The New Year is here...time to go after our goals and improve upon what we were able to accomplish in 2022. But it all starts with Clarity and knowing exactly what it is you're wanting to achieve. Without clarity, it's impossible to set effective goals, and your day-to-day can become frustrating when you don't have that focused intent and KNOW what it is you need to be prioritizing. Today we'll talk a bit about getting clarity in your own life to make sure you have a solid foundation for setting you goals, so you can set yourself up for success to have the 2023 you're dreaming of.
Here we go...less than a week before we're in another new year. Looking ahead, what are some of the strategies to keep on your radar in this new year? In this episode we'll discuss some of the opportunities I see ahead of us, and the strategies that go along with them. Market conditions change - that doesn't mean you should stop investing, it just means your strategies need to change along with it. Together we'll look at which strategies you should be focusing on as we launch into 2023.
With the end of the year in site, now is the time for you to start your annual debrief! If you're not familiar with this, have no fear! This episode will break down the importance of conducting a yearly debrief and all of the questions you can ask yourself to get a full assessment of your progress in 2022 and your goals for 2023. I encourage you to take a half day or even a full day if you can, to go through these questions and self-evaluate. Now is the time to set yourself up for success in the new year, so don't wait! Listen to this week's episode to get started!
In this week's episode, we are covering the long awaited topic of negotiation and the art of persuasion. So many people view negotiation as a battle with two opponents on either side trying to get what they want. I see it differently. I think the best way to negotiate is to sit on the same side of the table and ask how you can both get what you want. To be able to do that you have to understand the art of persuasion and how know what the seller wants without them even saying it. In this episode we break down the greek history behind the art form of persuasion, how to put together a proposal that makes sense for both parties, and how to play detective to make sure you craft the best deal possible.
This week I am joined by Grant Schroeder of Academy Mortgage for the third time for another great discussion on the current state of the lending market. I love bringing Grant on because he is so knowledgeable in the mortgage arena and he brings so much insight to the table. Listen in for an inflation update (finally a good one!), expected trends for 2023, the future of supply and demand, and so much more. We also take a few moments to point out all of the things your lender should be doing for you (hint: it's a lot more than pushing paper and handing you a loan product!).
Grant is licensed in 8 western states so if you are living anywhere on the west coast, chances are Grant can be the lender in your back pocket that you've been looking for!
You can reach Grant for the best lending solutions and opportunities below:
Call him at (541) 231-1256
OR
Email him at grant.schroeder@academymortgage.com
This week we are going to focus on the importance of your mindset. You can have all the numbers worked out, but if you don't have the right mindset , you are not going to be as effective as you want to be! There are so many small changes that you can make in your everyday life that will have a drastic effect on your workday as an entrepreneur. Get your notes out because we are going cover a lot of ground in this advice episode!
With Thanksgiving right around the corner, I thought it was only fitting that this week's show highlights the reason for the season - thankfulness. It is really difficult to experience true thankfulness when you are in the middle of the hustle and bustle of your every day life. So, this week I want to take some time to stop and express a few things that we can all be grateful for this holiday season.
I am very excited for this weeks episode because we are discussing one of the biggest differentiators between real estate investing and other investing channels. In real estate, there are many ways that you can have control over the value of the property. Today we are breaking down the difference between found equity and forced equity. I am also going to give you multiple ideas to get you started in creating value in your next property. You won't want to miss this episode!
You have heard me talk about the power of creative financing a lot on the show. But, this week I am covering 4 specific solutions that I bet you have never considered in your investing career! Adding these tools to your tool belt will not only allow you to create more deals for yourself, but it will broaden your area of expertise so you can reach a broader type of seller! In today's market, sellers are more open to hearing ideas and ways to get their property sold. So, take the time to learn how to creatively take control of a property and structure a deal so you can get your foot in the door!
This week, we are breaking down a handful of fears that every entrepreneur experiences at one time or another in their career. These fears do nothing but hold you back from going after the life of your dreams, so it is my mission to combat them with the harsh truth. No more hiding behind your excuses. It's time to face the music and find the success you have been creaming about!
For every challenge that you come across whether in the real estate market as a whole or on an individual deal, there is always an opportunity on the other side. When you throw up your hands at the front end of the challenge, you will get nowhere as an investor. Today I am going to unwrap 3 challenges in the market that actually have immense benefits that come along with them. This is where your creative juices come in. As an investor, you have the opportunity to solve problems most people can't - the bigger the problem the more you will be compensated.
In today's solo episode, I want to address the elephant in the market which is INTEREST RATES. Unless you live under a rock, you know that the interest rates are high and that they are scaring off a lot of buyers from entering into transactions. I want to put my 2 cents into the conversation by telling you that the interest rates don't have to stop you from getting in the game. Find out some practical ways to look at your next deal without being frightened by the cost of the money you are taking out. It all boils down to the scarcity versus abundance mindset and if you find yourself in the first one, I want to show you how to transition to the latter. All that and more packed into this 20-minute episode! Press play, you don't want to miss this.
This week I sat down with Daniel Derrick, the definition of real estate investor and entrepreneur as well as founder of Living Hope roofing and renovation based out of Tigard, OR. In this episode, I had the privilege of hearing Daniel take us on the wild ride that has been his young adult life. Hear him tell the story of how he pivoted his mobile home flipping company into a scalable roofing business as a green entrepreneur just trying to make it work. Daniel also shares a recent success story for the ages that will have you on the edge of your seat. On top of all that, what I love most about Daniel is his resilience as an investor, husband, and father through some of life's toughest challenges. All of that and so much more is covered in this episode, you do not want to miss the wisdom and laughs unboxed by Daniel. He is the real deal and a prime example of what I mean when I say you can do this real estate thing and have a life too.
If you want to get in contact with Daniel, here is how to find him:
Website: livinghoperoofing.com
Instagram: @living.hope.renovations
YouTube: Living Hope Renovations
Have you ever missed out on an opportunity because you were too afraid to ask? Did you know that same thing happens all the time in real estate investing?
Today I will be covering 3 of my past deals that would not have been possible if I stopped at the surface of each situation. If I would have made an assumption about these deals without asking questions and had stopped there, they wouldn't have happened! Plus, all three ended up being great deals for me in the end. Learn the power of conversation and why it is so important to know what is possible for a property. Stand out from other buyers by thinking outside the box and studying zoning. Trust me, you are going to want to step into this new approach for your next deal!
This week I am joined again by Grant Schroeder, Academy Mortgage loan specialist. I had Grant on the show again this week because there is a lot of volatility in the loan market over the last couple of weeks that I wanted to shed some insight on. Find out the real relationship between fed funds rate and interest rates and why the market is actually a lot healthier than it was last year. On top of this, Grant shares some exciting loan products designed for everybody from first time home buyers, to investors and house hackers. We also touch on Academy's new loan product designed specifically for ADU's which is long overdue in my opinion. All of this and so much more in this week's episode. You won't want to miss it!
Want to get in contact with Grant for Academy's lending solutions and opportunities?
Call him: (541) 231-1256
Email him: grant.schroeder@academymortgage.com
Wholesaling is a sector of the real estate world that many find intriguing but hard to understand. That is why I am so excited about my special guest this week, Brian Duhrkoop, who unlocks the definition and best practices of wholesaling that he has uncovered in his career. Brian has a unique story of entry into the real estate world that is worth hearing for anyone who finds themselves still working their 9-5 job. Brian shares some key tenants of his relationship-based approach on wholesaling that are foundational for building a strong reputation in this business. As an investor, Brian shares some valuable tips about his own buyer list and how to build better rapport with wholesaling connections.
How to get connected with Brian:
Facebook: Brian Duhrkoop FFF Investors LLC
Instagram: @duhrkoopbrian
Email: brian@fffinvestors
Website: www.fffinvestors.com
This week I sat down with Jay Hinrichs, owner of JLH Capital Partners. Jay has a vast aray of experience in the real estate investing industry - including everything from timber and wood product harvesting, hard money lending, and single family residential development. In this episode, Jay unpacks how he got into the real estate world back before the 2008 crash and some of his first real estate transactions that just might blow your socks off. Hear from another industry expert on the current status of our housing market and how it compares to the 08 crash as well. Jay was extremely generous to share some of the expertise that with us that took him years to figure out. So, get out your notebooks and get ready to learn!
Ever wonder about the possibility of investing somewhere outside of your local market? Maybe that doesn't even seem possible or reasonable as a new investor. Allow me to introduce a process of choosing your investment markets that will open you up to a new level of success. Your investment needs to help you accomplish your financial goals and it is highly possible your own backyard won't allow you to do that in the most efficient way. In this episode, you will learn how to analyze a potential market and what questions to ask when looking at it's growth potential. You will learn how to dig deeper into the drivers that effect markets and determine if a market will continue to function the way it has been. I unlock several key tips to discovering markets that you will not want to miss. Stop limiting your investing opportunities and start thinking strategically about your next investment property.
With all the talk of the real estate market slowing down and a potential downturn, I thought it would be a perfect time to discuss how to still make money when a market is trending down, IF that is in fact where we're headed. In today's episode, we'll talk about a few different angles, touching on investor mindset as well as strategy, to give you some tools to use if we do find ourselves in a downward cycle in the near future. Buying low and selling high in a rising market makes everyone look like a great investor. It's those that know what tactics to use when the market heads the other way that show themselves to be true investors and not just riding a wave, and who position themselves for huge success when the market comes back to its next upward swing.
Everybody has reasons to hold back, to not go all in, to make excuses on why they can't start investing. But, it turns out that a lot of our excuses are the SAME! So many of us are in the same boat mentally without ever knowing it. What if we all acknowledged the fears that are holding us back and decided to go after our dreams anyway? What if we got creative with our resources instead of saying we don't have the capital to start? What if we stopped complaining that we don't have the time to fit it in, and took action steps toward creating the space to do it. All of these questions and more are being answered in this week's podcast. Would you join me in the challenge to get past your own self and just start?
If you are in the real estate investing game, you have heard of house flipping. In fact, this is one of the most common ways to get into real estate investing. Today you will learn how to make your flip shine so that you can stand out from the house next door. These are some do's and don't if you are in the flipping game that will help you make a much more successful deal and save yourself a lot of headache. We are going to go over everything from dangers of doing the work yourself to the primacy and recency effect. Get out your notebooks because this episode is chock full of great tips to take with you for the road!
If you pay attention to the headlines, you know that there have been rumors of market crashes and reliving the '07 housing crisis in the coming days. Thankfully, this is just not the reality we live in. There are a lot of half-truths and straight lies that get thrown around the media, so today I am here to talk about some TRUTHS in the market, ie: what the market is actually doing. Yes, the market has slowed down, rates are starting to settle down, and we are technically in a recession - but, we need to gain some perspective on these facts and look at the bigger picture. Let's do so together in today's episode!
In today's episode, we are going to unpack a few key formulas that every real estate investor needs to have in their back pocket when considering a deal. Now, don't freak out just because I just brought up math! These formulas are super easy to calculate, anybody can do them! The important thing is to practice running these numbers so you can get the hang of them and use them comfortably. Rather than going in blind, these simple formulas will give you guidance on whether a potential property is worth your time. Now, go run those numbers!
This week I am joined by my good friend, Grant Schroeder, who is a top notch loan officer with Academy Mortgage based in Newberg, OR. Grant unpacks everything from his goals that started him on the path of real estate investing, to what lenders look at in the pre-approval process, to the current state of the mortgage world, to some of the great loan products that Academy Mortgage offers to investors. My hope is that this episode will show you just how important it is to have a personal relationship with your loan officer, rather than getting your quote from a call center. You want to find someone who will walk through the process with you and be in your corner.
Grant is licensed in Oregon, Washington, California, Arizona, Idaho, and Tennessee. If you are looking for a trust-worthy loan officer in any of these areas, who will go the extra mile for you, Grant is your guy. You can get in touch with him by visiting his website loanswithschroeder.com, calling him at 541.231.1256, or emailing him at grant.schroeder@academymortgage.com.
What class were you in when you learned how to think like an investor? Oh wait, you missed that class? Nope, it just doesn't exist! This week we are covering some mindset shifts that are not given to us in formal education. We are taught to measure work by hours in the day, but that is one of the first things to go as an investor. We are taught to avoid mistakes at all costs, but mistakes are inevitable in the learning process and we have to learn how to grow from them. Social media has taught us that getting rich quick is the norm. I'm here to tell you, it's not. Join me on the journey to debunking and rethinking all of these concepts and more that have been limiting your potential!
This week, we are joined by Evan Bellingar of Bellingar Estates in Newberg, OR who has found himself owning over 70 doors after many years in the real estate investing game. Evan and his wife stumbled into real estate investing as a young married couple looking to make some extra cash. From there, they realized the power of the passive income that real estate investing provides so they started their slow, but steady investing strategy. This episode is packed full of great advice including everything from thinking long-term, to entering tertiary markets, and the power of networking. All of that and so much packed into this 33 minute episode.
This week is the 4th of July so it is only right to talk about the freedom that is afforded to you when you start investing in real estate. Are you looking to get away from your W-2 career? Are you tired of working your 9 to 5 just to meet your monthly expenses? Do you ever wonder if it is possible to replace that income so that you can focus your time on things you are more passionate about? I firmly believe that real estate investing is one of the best ways to create the freedom you are looking for. Listen in on how you can make this business work for any personality, lifestyle, or goals you want to achieve!
In this week's episode, I sit down with owner of Rent To Retirement, Zach Lemaster to talk all things turnkey investing. Listen in to learn how Zach got into real estate in the first place, how he and his wife replaced their income with their real estate business, and learn from some of the mistakes that Zach has made along the way. We also talk a lot about turnkey investment options...a wonderful strategy especially for busy folks and a great way to get rid of the "I don't have time to invest in real estate" excuses. If you have ever wondered the difference between build-to-rent versus remodeled turnkey, Zach shares his experience with these two strategies and more. We also talk a bit about where we are in the market and each give our take on what we see coming.
This week, I wanted to address multiple topics that I have seen continue to come up among many online forums and investment groups. We are going to be answering questions like "What should I do with my money?", "Should I buy now, given the current market?", and "How do I get started?". If you have ever dipped your toes in investing, you have asked yourself all of these questions a time or two without a clear answer in sight. Stop waiting for someone to tell you how to spend your money. Grow your mindset so that you can make your own financial decisions!
Hunting for deals can be frustrating in a market that’s tight on inventory. In today’s episode we’ll talk about 5 things to consider when looking at a deal to help you see opportunities others miss. If your analysis stops at looking at ask price vs value, I guarantee you’re missing out on some great opportunities. After this episode, you’ll leave with a new mindset going into your initial analysis and a few additional questions to be asking before you pass on a potential great deal!
There are a ton of things to look at when analyzing and choosing a market to invest in. Where do you start? In this episode I go over a handful of things to be looking at when analyzing the market to get you headed in the right direction. Using these you can start to narrow down the markets that are going to be the best option for you and your own personal investment goals.
Would you believe me if I told you that I got my first deal for only $2000? In this week's episode we are unpacking some of the lessons I learned from that very first deal, which are relevant to both the brand-new investor as well as the seasoned veteran. All the lessons are part practical, part philosophy and mindset. Wherever you are at in your investing journey, these are some timeless nuggets that I guarantee will propel your business forward if you implement them into your daily routine.
I got a dose of humility on this episode! Today we go through some common mistakes made by investors, especially those newer to the investing game. Along with each mistake, I give tips to avoid making the same mistake in your investing. Mistakes happen, but it's better if you can learn from someone else’s mistake instead of your own!
In this episode we start with the philosophical and mindset side of the equation, and then move into some practical steps for your investing business. With the help of taking a little from Dr. Seuss, we are going to uncover how to get out of "The Waiting Place" and instead feel confident about taking action. We’ll also talk about some ways to cover your downside and steps you can take to give yourself the best chance of success, which helps take out a lot of the fear of the unknown - a big part of what often keeps us from moving forward. We all find ourselves in a place like this from time to time, but we definitely don’t want to stay there! Getting out of your rut and taking action takes intention and diligence, but it's the only way your business will see success. Are you ready to get unstuck? Listen now!
Want to know the best way to get exactly what you want out of your next deal? Stop thinking only about what you want out of the seller and what is good for you. Listening and asking the right questions so that you can truly understand the seller's situation can help you structure your offer to fit them and their needs, while still creating a deal for yourself. I am sharing this pro tip that I learned over my years in the real estate industry so that you can start implementing it today! In this week's episode you'll learn how to get to "yes" more often, build rapport faster, and approach seller financing in a way that will bring you guaranteed success!
This week, I sat down with property manager and investing guru, Dan Hayes. Dan started his career, like many, in the corporate world but quickly wanted to know how to make his money work for him. It wasn’t long until he found real estate investing and grew to love it so much that he retired from his corporate position and started a family-run residential property management business that now manages over 1,000 properties across the state of Oregon. Dan shares some incredibly valuable insight on setting up your team around you, mistakes he learned from early on, the importance of having reserves, and some basics on what numbers to be looking at on a potential property you’re considering as an investment.
Equity by itself is dead. In this episode, learn how to stop letting your equity be lazy and in turn make strategic moves to progress toward financial freedom. We’ll talk about a couple different ways to get to your equity so you can put it to work and create returns so you can buy more assets while still keeping a cashflow on your property. At the end of the episode, get some practical next steps to move forward toward making your equity work for you.
In this episode I sit down with Chace Fraser, also known as Mr. House Hack to unwrap all of the ins and outs of the house hacking real estate investing strategy. This episode is highly valuable to anyone interested in house hacking but doesn't know where to start or how to progress. Chace walks through his roundabout journey to house hacking - the ups and downs, the pro tips, and the lessons he has learned along the way. Get ready for a huge download of investing strategy knowledge and inspiration from Mr. House Hack.
In this week’s episode I sat down with Victoria & Devin Geiger, a young entrepreneurial couple who has successfully acquired 4 investment properties in their first 2 years of investing. This couple is the epitome of putting in sweat equity, balancing business and marriage, and setting up for a financially free future through real estate investing at a young age. Victoria & Devin share their journey of how real estate investing from the time they were in college, has allowed them the foundation to make a stronger impact in other areas of their life. My hope is that this couple will inspire you to start working toward your dreams, beating the odds that are put against you, and give you insight into decision making as a young investor.
In today's episode, I am going to cover how real estate returns actually work and the four key components to be looking at to calculate total return. Without looking at all parts, you could be underestimating your current or potential returns, which leads to making poor investment decisions. We’ll also touch a bit on leverage, and how it can massively increase your overall returns.
Most real estate investors get started in a similar way…they start learning about it, get the “real estate bug” and jump in with both feet. While the enthusiasm and energy is great, sometimes it’s better to step back and plan some things out first. Today we’ll talk about a few things to think about before your jump in, or as your just about to scale your existing investment business. Building with growth in mind is critical, even if you don’t plan on growing a massive real estate investment business. We’ll discuss why that is, and what to consider so you can set yourself up for success.
Today we’ll talk about 3 strategies that work well to get into the real estate investing game. It doesn’t have to be complicated, but it does take knowing what your options are and figuring out which direction you want to go. Let’s talk about a few easy, basic ways to get started on your real estate journey!
When investing in real estate, most people start with the property…which is the last thing you should be looking at. Today we’ll be talking about what you really should be starting with, and why the property itself is the last of the steps.
Today we’ll talk about 5 things you need to be able to launch or scale your existing real estate business. These are super important factors to consider and reflect on to have the greatest chance of achieving your real estate investment goals.
When most people start investing in real estate, they think about the financial side - creating cash flow, building wealth - but what they’re really after is FREEDOM. Today we’ll talk about starting with this in mind - remembering that freedom, not cash - is what we’re really after.
Calling BS on myself - no more excuses - and finally launching. Let’s discuss mindset, and what this podcast is all about - the every day person trying to build life and freedom through real estate. How do we make that happen with so much else going on? When you already have a full-time career? When you can’t figure out what the first steps are? Let’s go on this journey together as we explore how to make it happen, and help you build a plan to get you to your real estate (and life) goals!