Investor Army Podcast: Recent Episodes
Connor Steinbrook
CEO of Investor Army, Connor Steinbrook, changed his life in just a few short years as a real estate entrepreneur investing in real estate. He struggled for years almost going through bankruptcy before he cracked the code and figured out how to be successful in the business. He now runs a company buying and selling millions of dollars of real estate every year. Connor changed his life and now he is looking to help as many people as he can change theirs too.
His goal is to create a minimum of 1000 financially FREE families with Investor Army in the very near future. He wants to pay it forward and help people change the course of their family line and teach people how to create real wealth, generational wealth, with real estate investing and he is going about it a different way.
He has an US vs Them mentality when it comes to the big national training companies, the $50,000 seminar guru. Everyone knows that most of these companies hire inexperienced coaches teaching out of workbooks with extremely low success rates and he thinks this is negatively affecting communities around the country. His life was nearly ruined by one of these companies. Many families have been destroyed going through these types of companies and he thinks education should be affordable and accessible for everyone who wants to work hard to have a better path in life.
He believes everyone has the right to be successful and he is giving back by interviewing some of the biggest investors in the country right here on the Investor Army Podcast. He built his Youtube channel, Investor Army, where he will be filming over 1000 videos in the coming few years to teach people how to be a real estate entrepreneur. In just 3 years Connor went from using a unique strategy he calls Cyclical Joint Venture Virtual Wholesaling, to saving enough money to get into rehabbing houses, and then becoming bank financeable and building a rental portfolio through leveraging bank loans and buying direct to seller with creative owner financing strategies. He believes anyone can be successful who works hard, dedicates themselves to self-development, and never gives up.
His goal is to help as many families as he can reach the TOP!!!
Check Out Our Website At:
www.Investorarmy.com
Bob Vieira is an entrepreneur with experience in business development, sales, and real estate investing. He is a founder of Universal Short Sales, America’s leading start-to-finish Short Sale Processing company. This company handles everything from the initial authorization on the account, document facilitation, direct communication with the Lender, and of course, keeping all parties constantly updated and informed along the way. They serve listing agents, direct homeowners, attorney’s and housing counseling agencies. Stay tuned and hear everything you need about short sales.
Guest info:
Web site: www.universalshortsales.com
1401 N. 5th St., Philadelphia, PA 19122
570-614-3232
vieiracompanies@gmail.com
Facebook: www.facebook.com/UniversalShortSales
LinkedIn: www.linkedin.com/in/bob-vieira-7b2464187
Episode overview:
00:00 - 02:22 Meet my guest and partner
02:22 - 03:55 Universal Short sales, LLC
03:55 - 05:15 Example of a short sale
05:15 - 06:50 Banks and short sales
06:50 - 10:38 We are helping wholesaler’s
10:38 - 12:04 The time frame of the whole process
12:04 - 14:04 Step by step explanation of how Universal Short Sales works
14:04 - 15:18 From the wholesaler’s point of view
15:18 - 16:09 Only 1% of the total purchase price divides you from solid solution
16:09 - 17:52 Special program for the Real estate investors
17:52 - 19:00 Example with FHA Loan
19:00 - 21:55 Some of Bob’s contacts
21:55 - 23:58 Summary
23:58 - 25:12 Goodbye Bob
If you are thinking of starting some serious Air BnB business you are in the right place at the right time. George Salas, the Real Estate investment specialist, shares his story of success along with 3 different strategies you can use to build a rock-solid business. He got into Real Estate because he wanted to change his life, achieve financial freedom and empower others to do the same. He has some tips for you on how to avoid common mistakes, how to handle unpleasant situations with clients and build a great team of people to work with. Also, you can hear about some awesome Air BnB tools that are available for everyone to use and improve their business.
Guest info:
Web site: https://georgesalas360.com/
Facebook: https://www.facebook.com/georgesalasxtreme
Instagram: https://www.instagram.com/georgesalas360/
LinkedIn: https://www.linkedin.com/in/georgesalas360/
Twitter: https://twitter.com/georgesalas
Youtube: https://www.youtube.com/channel/UC0sKkLV5dtN8JvRLZ384Gcw
Episode overview:
00:00 - 03:12 Introduction
03:12 - 04:50 Curse become a blessing
04:50 - 08:25 Real estate strategy and progress to AirBnB
08:25 - 09:18 Be ready to jump in new opportunities
09:18 - 12:35 Referal marketing strategy
12:35 - 18:25 3 different strategies - 1. Strategy: Co-hosting
18:25 - 24:10 2. Strategy: Reach to landlords and master lease
24:10 - 29:00 How much you can make from one AirBnB?
29:00 - 32:35 3. Strategy: Owning the property
32:35 - 34:46 Air DNA
34:46 - 37:09 How to track the production of the property
37:09 - 41:50 Cleaning system
41:50 - 45:43 Some of the mistakes
45:43 - 50:45 Unpleasant situations and how to handle them
50:45 - 52:44 Some advice for beginners
52:44 - 55:30 Where can you find George Sales?
55:30 - 56:34 Goodbye until next time
Jack Stoker joins eXp Realty after owning one of the largest regions for EXIT Realty before the last recession. You will hear all the reasons and strong arguments why was this the best decision he made. It has to do with time, stress, overhead, legalities, and overall being a no brainer as many says. The entire world is going from a brick and mortar business model to the cloud-based business model, and the real estate is not excluded. Exp is pursuing the American dream job, doing what you love and have enough time for friends and family, with a great team to educate and support you at any time.
Guest info:
Phone: Jack Stoker - (512) 999-1231
LinkedIn: https://www.linkedin.com/in/jackstoker/
Twitter: JAStweetU
Youtube: https://www.youtube.com/watch?v=Uue3PatoLlo
Episode overview:
00:00 - 02:52 Introduction
02:52 - 09:55 Jack’s path to EXP
09:55 - 13:56 The crush and recession
13:56 - 18:33 Working with EXP
18:33 - 22:20 Reasons to team up with EXP
22:20 - 25:20 EXP gives more and takes care of their agents
25:20 - 28:15 Opportunity for entrepreneurs who see the big picture
28:15 - 31:06 Brick and mortar model VS. cloud-based model
31:06 - 35:10 Developed outsourcing system to help brokers
35:10 - 37:38 Anti-office or family-friendly?
37:38 - 41:07 Witch team to join?
41:07 - 44:15 Contact Jack Stoker
44:15 - 46:53 Unique explanation and point of view
46:53 - 47:55 See you another time
Helping others own their company, working in real state, and also produce financial stability for their own families is the main goal of our guest in this podcast. John Jackson aka "King Of Lease Options" is the best tutor you can cross paths with if you are interested in Lease Options Strategy in real estate business. Buying houses with Lease Options is a very powerful strategy that you must add to your skill set if you want to be on the top of your game in the 2020 recession. He is an author of the book “Real estate rock stars” and various courses that can help you significantly improve your way of doing real estate business.
Guest info:
Website: https://leaseoptionclasses.com/
Youtube channel: https://www.youtube.com/channel/UCMgiZOVjJprtrQC9O1s1URA
Episode overview:
00:00 - 02:26 Introduction
02:26 - 07:38 Why are lease options great tool in the real estate business
07:38 - 10:27 Difference between 3 types of lease options
10:27 - 11:45 Example
11:45 - 15:25 Working with agents
15:25 - 17:00 Who does the repairs?
17:00 - 19:07 Level of the desperation of homeowner
19:07 - 21:24 Low equity vs. High equity deals
21:24 - 22:51 Risk for the front end investor
22:51 - 29:10 Learning process-make your rules through mistakes you make
29:10 - 31:57 Candidate selection process-most important variables
31:57 - 34:15 Future events
34:15 - 37:55 Three-day event and three-day boot in short
37:55 - 39:37 Finding buyers
39:37 - 40:53 Contracts
40:53 - 41:42 Doing subject to deals
41:42 - 43:00 Changes in the low for lease options in Texas
43:00 - 46:21 How to manage long working hours
46:21 - 47:27 Some useful books
47:27 - 48:44 Last words of wisdom
48:44 - 49:52 JV with John
49:52 - 52:40 Don’t be afraid of rejections- be the doctor in the game
52:40 - 54:18 Goodbye until next time
A full-time Real Estate investor, business owner, and Real Estate Coach Chris Rood blows our mind with his strategy and knowledge on this matter. He specializes in Wholesaling, Fix & Flip and Mobile Home Parks. If you think you cant build a successful career if you want to have a big family or you cant have a big family if you have to run a million-dollar business this podcast will change your mind. Chris and his wife are high school sweethearts, they have five children and run a million-dollar business. They have time for everything and live a healthy and wealthy life. You can too if you listen to some of Chris’s advice.
Guest info:
Website: http://www.chrisrood.com/
Youtube channel: https://www.youtube.com/channel/UCPg2GbV7ZanrL7xhw-h0W5g
LinkedIn: https://www.linkedin.com/in/chris-rood-72a76276/
Facebook: https://www.facebook.com/chrisroodentrepreneur
Instagram: https://www.instagram.com/realestaterood/
Episode overview:
00:00 - 02:33 Intro
02:33 - 06:05 Introducing Chris
06:05 - 08:08 Buyers list first or deal list first
08:08 - 09:10 Creating your own buyer’s list
09:10 - 10:10 Buyers list volume vs. quality
10:10 - 11:33 Learn your cash-buyers buying habits
11:33 - 13:37 Chris`s wholesaling strategy
13:37 - 15:43 Some details on wholesaling
15:43 - 17:00 Build relationship with small community banks
17:00 - 20:58 Keeping single-family homes, does it pay off?
20:58 - 23:14 Best way to use the leverage
23:14 - 25:10 Wholesaler is a business owner, not an investor
25:10 - 26:30 House flipper, business owner too
26:30 - 29:04 Strategy for mobile house rent/sale business
29:04 - 31:59 Show to the banks what you can do
31:59 - 33:18 Owner finance vs. rent
33:18 - 34:36 You don`t have to do everything on your own
34:36 - 36:01 The 4-hour workweek
36:01 - 37:54 Skill - A - Thon
37:54 - 39:37 Why are some people rich?
39:37 - 40:37 Past vs. future
40:37 - 47:13 Happy, healthy and wealthy
47:13 - 49:45 Discipline is the key
49:45 - 51:24 Where can you find Chris Rood
51:24 - 54:20 Dating an entrepreneur
54:20 - 57:17 Personal development
57:17 - 58:34 For the end
Experienced in all types of real estate investing strategies from "Subject To", fix & flip, pre-foreclosure, wholesaling, etc. Grant Kemp is a legend in the Dallas real estate business. Because of the market slowing, Subject to and buying houses with low equity strategies are coming back very quickly. Grant has decided to share his knowledge, experience, and give you some advice and examples of how he has succeeded in real estate and became a millionaire, even though he started his real estate career without any money.
Guest info:
Website: https://www.creativecashflow.com/
Youtube channel: https://www.youtube.com/channel/UCh4bDTa5fYRlWvy0zx9Fw9Q
LinkedIn: https://www.linkedin.com/in/grantkemp/
Facebook: https://www.facebook.com/grant.garrett.184
Instagram: https://www.instagram.com/grant.g.k/?hl=en
Episode overview:
00:00 - 02:39 Introduction
02:39 - 05:30 Market is changing
05:30 - 08:28 Subject to deals
08:28 - 11:40 Negotiation is the key
11:40 - 15:02 Example of a sub-to deal
15:02 - 19:30 Common objections from homeowners
19:30 - 24:10 Do on sale clause
24:10 - 25:10 Brief example
25:10 - 28:01 The best offer
28:01 - 30:25 Favourite strategy
30:25 - 35:05 Let your deal tell you what to do
35:05 - 37:00 J V with me
37:00 - 39:54 No money to millionaire
39:54 - 41:10 Be confident about yourself
41:10 - 43:51 Get close to successful guys
43:51 - 45:26 In witch pond would you like to fish?
45:26 - 49:12 Info about Grant
What it takes for someone to become a top-rated salesman, to develop a million-dollar business, to build up rock-solid confidence? Claude Diamond a.k.a “The Mentor”, Author of The G.U.T.S. Sales Training & Success Method will revile the secret of becoming successful in this more than interesting podcast. With Claude sales in any business is now fun and profitable. He teaches individuals how to give good phone, how to ask the right questions at the right time, how to make people like you, through role-play, case studies and other interesting methods. If you listen carefully you can get a free G.U.T.S. sales book.
Claude Diamond info:
Web site: https://www.claudediamond.com/
Youtube channel: https://www.youtube.com/user/cdmentor
Facebook: https://www.facebook.com/ClaudeDiamond
Instagram: https://www.instagram.com/claudediamond/
LinkedIn: https://www.linkedin.com/in/claudediamond/
Episode overview:
00:00 - 04:08 Introduction
04:08 - 05:22 Good communication skills = closed deal
05:22 - 07:39 Role-play, case studies, and other teaching methods
07:39 - 09:05 How to make strangers like you?
09:05 - 09:44 Start of the game for Claude
09:44 - 11:54 Example of a role-play live
11:54 - 13:57 Be arrogant and pleasant at the same time
13:57 - 17:07 Be skillionaire to become a millionaire
17:07 - 19:30 Asking questions to control the conversation
19:30 - 20:30 Make money today
20:30 - 21:05 GIVEAWAY, FREE book for the audience
21:05 - 22:32 Scripts in business
22:32 - 25:43 How to handle objections?
25:43 - 28:28 Be confident
28:28 - 33:38 Followup system
33:38 - 38:53 Make the conversation more personal
38:53 - 41:14 Opposite redirection
41:14 - 43:42 Make sales fun, use humor in conversation
43:42 - 45:05 KEY to success is doing what you love
45:05 - 48:08 Summary of episode and info about Claude
In this era of the internet, real estate agents have got one more exciting way of getting to new clients and partners through social media. Jamie Resendiz didn’t want to do the real estate job in the old fashion way so he put his trust in social media, and it all paid out. He is a real estate investor, a real estate agent, a partner in eXp realtor and most importantly, a real estate agent strategist. He is operating on a high level and helping real estate agents with the processes, resources, and strategies through his courses, Youtube channel, Facebook group, etc. Jamie is also a founder of Echo Real Estate Advisors. What are the advantages of social media platforms for real estate business, how to write you facebook posts, current changes in rules for facebook ads, using facebook messenger bots, are some of the topics you will hear in this episode.
Facebook: https://www.facebook.com/groups/thefranchiseagent/
Youtube channel: https://www.youtube.com/channel/UCa9ZOQ8WvMvr4ssmD-3w1ew
LinkedIn: https://www.linkedin.com/in/jaimersndz12/
Web site: echorealadvisors.com
Episode overview:
00:00 - 03:09 Introduction
03:09 - 04:24 Beginning of a real estate business
04:24 - 06:29 Advantages of Social media platforms for the business
06:29 - 09:45 Co-calls and direct mail vs. social media marketing
09:45 - 10:25 Importance of changing facebook post content
10:25 - 12:30 Private and business accounts
12:30 - 14:43 Manage people on your Facebook account
14:43 - 18:57 Changes in rules for credit, housing and employment adds on facebook
18:57 - 22:18 Developing strategy > Facebook pixel > retargeting adds
22:18 - 24:41 Common cost of retargeting ads
24:41 - 27:11 What FB likes vs. what FB doesn't like?
27:11 - 29:41 Making money from social media
29:41 - 33:22 Quality vs. Quantity content on social media
33:22 - 36:00 Facebook messenger bots
36:00 - 39:30 How to take advantage of social media in the future?
39:30 - 40:30 Jaime’s courses
40:30 - 43:58 Done is better than perfect
43:58 - 46:23 And for the end
Matt Gardner is a fighter pilot, cancer survival and a real estate investor who is looking to build and grow a small rental armada. He started to take interest in investor business, read numerous books when he was on chemotherapy and saw his way in a better future. Now he is a successful investor, professional and leader of a great investor team in Florida. He is an eXp partner who saw an opportunity in investing self-directed IRA and combining Air BnB business with flipping houses.
LinkedIn: https://www.linkedin.com/in/roargardner/
Bigger Pockets:https://www.biggerpockets.com/users/roar5858
EXP realty: https://emc.exprealty.com/agents/84970/Matthew+Gardner
Episode overview:
00:00 - 02:55 Introduction
02:55 - 05:38 Background
05:38 - 07:36 Changing profession, pilot to real estate investor
07:36 - 08:58 First business
08:58 - 11:35 Invest in real estate with self-directed IRA
11:35 - 14:00 Strategy with Air BnB
14:00 - 16:00 Flips and Air BnB
16:00 - 19:13 Managing Air BnB business
19:13 - 24:35 Benefits of being a real estate agent who on both sides of the industry
24:35 - 25:40 His team
25:40 - 30:19 Benefits of an EXP partnership
30:19 - 33:40 Biggest reason to join EXP
33:40 - 34:40 Plan for the future
34:40 - 37:35 What attracted him to team up with our company?
Brant Philips is a full-time real estate investor, business owner, business coach, speaker and bestselling author.
Brant is a proverbial "rags to riches" story, while living in an apartment and having no money, he was able to purchase his first investment property on a credit card! He went on to by 10 properties that same year with no money down and since that time has gone on to purchase, renovate, flip and rent hundreds of homes and owns a portfolio of rental properties in the millions and continues to flip houses and take part in a variety of real estate projects, including new home construction and development.
In this episode we talked how eXp realty can relieve you from your job, but still fulfill your imagined goals in real estate.
We also mention main traps for all real estate investor, how to build a business you love and enjoy and how to run business without being so active in it.
What will happen with you if you earn a massive amount of money and then you just burn out?
It's important to think about future and to take care of building your passive income.
We found a solution for real estate investors that are ready to challenge themselves!
Brant Philips http://www.investhomepro.com/
email: brant.philips@gmail.com
Show Notes
00:00-08:45 Introduction
08:45-13:40 Vision before eXp Realty
13:40-19:05 How to run business without being so active in it?
19:05-29:00 What happens when you reach your highest income?
passive and active income
29:00-44:33 Opportunities that eXp Realty allows.
How software helps you?
Why is that the fastest growing real estate company?
44:33-49:45 Business perspective of eXp model
49:45-51:45 Do not live a life of regret. Slow down to look your opportunities!
51:45-55:52 Challenge yourself!
55:52-56:25 "There are those who seen the opportunity and there are those who sees the opportunity"!
56:25-58:08 Contact information
Real estate notes have been growing in popularity as a new type of investment product on the open real estate market.
A real estate note is created when two parties reach an agreement on a transaction that gives one party the capital to purchase a home or other form of property. Whoever is the holder of the real estate note is the party that receives repayment from the borrower on the loan, no matter who financed it originally.
If you find this topic interesting, see what Nick Legamaro, Co-founder of Seller Finder America, has to say about it.
Seller Finder America is the premier skip-tracing and appointment-setting company specifically designed by wholesalers for wholesalers.
He shares with me very important advice.
If you want to know more about selling financing, credit notes, selling notes and lead generation you are on the right podcast!
http://sellerfinderamerica.net/
Show Notes:
00:00-02:19 Introduction
02:19-03:46 How Nick dug a root into the business!
03:46-07:43 Personal model from the beginning until now
07:43-10:11 Different selling psychologies
10:11-12:18 Perfect notes structure to get top value!
12:18-16:09 About down payment height
16:09-20:05 How to arbitrage the deal: Notes VS. Rental Properties
20:05-20:53 Technical difficulty
20:53-23:19 You don't want to land long and borrow a short
23:19-27:45 The strategy of creating an outselling note and expand business
27:45-29:55 Advice to young wholesalers
29:55-33:45 You only need one buyer and buying list starts growing
33:45-36:43 Lead generation program
36:43-38:21 Contact information
http://sellerfinderamerica.net/
38:21-39:16 If you don't have a contract you don't have anything!
39:16-40:17 Wholesaling with RIA
Today Ian and I discuss a topic that both of us are really excited, thankful and grateful for. eXp is the new business model which is rapidly growing and we and we want you to be part of it. At eXp Realty, you’re working with some of the most forward-thinking professionals that real estate has to offer. Through our one-of-a-kind Cloud Office Environment, our agents collaborate with industry experts nationwide, so that you can know you’re receiving the highest quality service across the country.
eXp Realty
Show Notes:
00:00 - 02:37 Introduction
02:37 - 04:10 Passive income will set you free!
04:10 - 05:57 Loan to Cost vs. Loan to Value
05:57 - 10:20 Why you should focus on passive income?
10:20 - 14:28 Why would someone go from rentals into note space?
14:28 - 17:58 Reversed owner financing model
17:58 - 21:11 Private lending
21:11 - 24:25 Expanding income
24:25 - 33:00 eXp Realty and why it is future?
33:00 - 42:03 What cloud-based technology allows us to do?
42:03 - 45:18 Training programs and conversion
45:18 - 47:20 How eXp changes lives
47:20 - 52:25 How to expend cash flow model?
52:25 - 59:00 Revenue share vs. profit share
59:00 - 66:00 80/20 split
66:00 - 69:26 Reach out to us!
Everybody like come back stories. That is the kind of story that we have today on our podcast. AC Ramos from Houston is our guest! He managed to grow his wholesaling business after few serious obstacles that happened in his life. Today, AC is a serial entrepreneur, one of the best in his field. In this episode, he will share with us his personal story and show us once again how passion and persistence will always lead you to inevitable success.
Prosperity Real Estate Group
Show Notes:
00:00 - 05:21 How AC got into real estate?
05:21 - 11:10 Wholesaling business
11:10 - 14:00 Pressure will make you push hard
14:00 - 15:48 Approach to clients
15:48 - 21:20 Growing wholesaling business
21:20 - 28:42 Buyers list
28:42 - 34:30 Marketing strategy
34:30 - 36:50 Which lists you should target?
36:50 - 41:30 Wholesaling lots and development
41:30 - 44:45 Create the deal
44:45 - 47:50 Real estate horror stories
47:50 - 49:44 Contact information
John West and Josh Alan from American DreamVestors are on our show today! We are going to talk about their unique owner financing strategy. It can be applied to all of you, investors, agents and people looking to buy a house right now.
American DreamVestors is committed to making homeownership a reality for those who have been turned down by the bank, regardless of Most Credit challenges, or Documentation challenges. Their process is easy, transparent, and built on a foundation of choice and flexibility. American DreamVestors is helping more people get into great homes, in neighborhoods they love, with the opportunity to build a more secure financial future.
American DreamVestors LLC
Telephone number - 1844 DFW Homes
Show Notes:
00:00 - 04:54 Introduction
04:54 - 08:00 How to contact my guests and ADV strategy
08:00 - 09:50 Process of getting a loan from ADV
09:50 - 13:20 Structure of the company
13:20 - 14:50 Process of buying a house from ADV
14:50 - 18:00 Typical loan structure and closing cost
18:00 - 20:58 What is happening with the buyer after ADV provides financing for them
20:58 - 24:58 ADV model for real estate agents
24:58 - 27:38 Price range
27:38 - 30:00 Finding owner financing buyers and plan for the future
30:00 - 37:55 How investors can collaborate with ADV
37:55 - 42:30 Generating buyer leads
42:30 - 43:36 How John and Josh choose their assets
43:36 - 45:18 Condition of the property
45:18 - 46:55 Partnering with GC companies
46:55 - 50:08 How ADV can help home builders? Individual Tax Identification Number
50:08 - 52:40 Traditional mortgage structure
52:40 - 55:36 Contact information
Are you interested in short sales? We have an expert on our show today! Brian Meara, CEO and Founder of The Investor Entourage, got his start in real estate as an agent in both New Jersey and Pennsylvania back in 2007. He did this out of financial necessity, fresh off a divorce, as he found himself a single father of three. In today's episode, we cover this topic from beginning to the end. We also talk about high equity pre-foreclosure model. Brian is full of knowledge on this topic too. So stay tuned because you are about to hear a lot of useful information which can help you to take a new look at real estate world and see more options for yourself.
Investor Entourage
Realeflow
Show Notes:
00:00 - 02:24 Introduction
02:24 - 03:28 What is a short sale?
03:28 - 05:29 Short sale market
05:29 - 07:47 Timeframe for this kind of transactions
07:47 - 11:08 Profits
11:08 - 13:50 Finding short sale deals
13:50 - 16:45 Short sale process
16:45 - 17:50 Brian’s focus at the moment
17:50 - 22:15 High equity pre-foreclosure model
22:15 - 23:33 Financing on a front end
23:33 - 25:18 Economic structure
25:18 - 26:38 Paperwork and terminology
26:38 - 29:03 How many people buy the property back?
29:03 - 30:40 How to stop foreclosure
30:40 - 32:40 Researching data
32:40 - 35:25 Capital raising
35:25 - 40:06 Pieces of advice for someone who is interested in short sales
40:06 - 42:32 Events and contact information
Here is an amazing entrepreneurial story! We are covering a topic that keeps coming up all around the country. As I travel around. I meet a lot of you and I hear same excuses – The reason why I am not being successful is that I have a family. I am still in school. I have a job, etc. – That is just not a case! Entrepreneurs all around the country are becoming successful with all these same limitations. They just do not see them as so. They see them as something that is part of their lifestyle and they find the ways to overcome their obstacles. Today, I have a guest here who had five daughters when he started his business. He was employed at the time. And here he is a full time professional real estate investor and entrepreneur. Max Keller is a unique person with amazing passion and drive. If you have any doubts about starting your own business because of your life situation listen to his story! It will definitely motivate you and show you how you can do whatever you want if you look at it from the right perspective.
Savior Realty
Savior Realty Academy
Show Notes:
00:00 – 07:10 How Max started?
07:10 – 11:34 Self-development
11:34 – 18:25 How Max decided to quit his day job?
18:25 – 24:08 Starting with fix and flip
24:08 – 26:20 Mastermind groups
26:20 – 32:04 Maxes consulting program
32:04 – 37:22 Never give up!
37:22 – 42:50 Bits of advice from Max
- Master your finances
- Work on yourself
- Learn and read every day
- Network
- Be resilient
42:50 – 47:40 Instant gratification mentality
47:40 – 49:49 You need to be obsessed with your goal
49:49 – 52:34 Contact information
52:34 - 56:41 How to recognize the right program for you?
Investor Carrot's Trevor Mauch is an impressive young entrepreneur who invests in multi-family apartments but is most known for creating Investor Carrot. His company is now the fastest growing real estate website provider for investors needing to generate leads and create an online presence in their local market. It is tough to find an investor that has not heard of Investor Carrot. And today, Trevor is here to speak about a new product! It is called Agent Carrot and it is optimized for agents! Agent Carrot is all you need if you want to promote yourself as an agent on the internet. We cover a lot of useful topics when it comes to optimization of your agent site. Make sure to listen to this episode if you are interested in building your internet presence and check Trevor’s new product!
AgentCarrot
InvestorCarrot
Show Notes:
00:00 – 02:41 Introduction
02:41 – 04:12 Launching of Agent Carrot
04:12 – 09:33 Differences between the new product and traditional investor Carrot website
09:33 – 13:26 Is there a special deal for users of both products?
13:26 – 15:19 Benefits of building your website
15:19 – 17:13 Percentage of searches on mobile vs. desktop devices
17:13 – 21:16 Investor Carrot and integration of other programs
21:16 – 24:04 Design of Agent Carrot website
24:04 – 28:55 Video strategy
28:55 – 34:45 Changes at Google
34:45 – 38:02 Optimizing search ability by zip code
38:02 – 43:18 Keywords research
43:18 – 48:47 The biggest issues when it comes to optimization of your website
48:47 – 52:18 Contact information and events
RV parks and storage units can be a great way to increase cash flow and avoid the headaches of tenants and termites. Investors are doing more passive income investing with storage and RV parks because they seem to be fewer hardships and more cash flow. I think we can all agree this is not a bad thing. Today Vance Wampler a single family expert breaks down and describes his experience and recent move into the new space of investing in RV Parks and Storage units.
Contact Info:
Real Estate Reformation
+1 817-986-0911
Show Notes:
00:00 – 05:08 Introduction
05:08 – 07:15 What made Vance focused on RV parks?
07:15 – 09:33 Obstacles regarding zoning and construction of RV park
09:33 – 10:33 Taxes
10:33 – 13:13 Analysis of cash flow numbers
13:13 – 15:42 Vance’s marketing strategy
15:42 – 19:58 Creating extra cash flow in RV parks
19:58 – 22:31 Finding mobile home park deal
22:31 – 25:28 Financing mobile home park deals
25:28 – 28:25 Structuring owner financing offer
28:25 – 30:09 Storage units
30:09 – 33:28 Bad tenant situation
33:28 – 36:26 Development of mobile home parks and storage units
36:26 – 39:51 Contact information and partnering with Vince
Today we have high caliber guest on the show he has been requested by many of you. We will go to talk about something that a lot of people do not talk about a lot. It is new development on a high level. He started his business flipping houses, he built a big portfolio of rental properties here in DFW. But, now he is building multimillion dollars duplex new construction developments. He is going to talk about that today, so be prepared to hear a lot of useful information from our guest Austin Good!
Austin Good – 469 231 1383
https://www.facebook.com/austingood
Show Notes:
00:00 – 04:12 Introduction
04:12 – 12:23 Austin’s transition from flipping houses and rentals to new development
12:23 – 13:24 Adams’s first development project
13:24 – 15:11 3 phases process
15:11 – 20:31 Dealing with a city when you do new development
20:31 – 24:33 Analyzing property for new development
24:33 – 27:13 Pricing per square foot in new development
27:13 – 28:40 The effects of the hurricane in Houston
28:40 – 30:11 Floor plans
30:11 – 36:24 Obstacles that new person in business needs to know
36:24 – 40:10 Actual numbers and time frames
40:10 – 45:17 Duplex development
45:17 – 48:50 Austin’s strategy for future
48:50 – 51:08 Austin’s thought process about future and market correction
51:08 – 54:14 How to partner up with Austin
54:14 – 58:01 Contact information
H. Quincy Long is the president and founder of Quest IRA, one of the fastest growing IRA companies in the country. He is also a co-founder of Financial Friends Network together with Walter Wofford. Quincy and Walter organize the best cruise networking events, where you can meet investors just like you doing amazing deals while connecting with the right people and gain high-level education and training.
Quincy educates people to take control of their retirement assets and invest in what they know best, whether that is real estate, notes, options, limited liability companies, limited partnerships, private corporate stock, joint ventures, precious metals, or a myriad of other choices.
With brokerage style retirement accounts advisors want you to avoid “thinking outside the box,” meaning their narrowly defined investment box containing stocks, bonds, mutual funds and annuities. At Quest they teach you that “you don’t have to think outside the box, you just have to realize that the box is bigger than you think.”
If you ever wanted to invest out of your IRA, this is the episode for you!
Quest IRA - www.questira.com
Facebook - www.facebook.com/QuestIRA
- Quincy Long – 855-386-4727
Quincy@QuestIRA.com
Financial Friends Network - www.financialfriendsnetwork.com
Show Notes:
00:00 – 01:23 Introduction
01:23 – 02:25 Quest IRA
02:25 – 04:58 How Quincy started Quest IRA?
04:58 – 10:32 New tax law
10:32 – 14:57 Traditional vs. Roth IRA
15:40 – 18:00 SEP IRA, Simple IRA, 401K and HSA IRA
18:00 – 18:45 Coverdell Education Savings Account
18:45 – 21:03 Using HSA in different countries
21:03 – 22:30 Contribution limits
22:30 – 26:30 Inherited Stretch IRA
26:30 – 32:03 How can you get money from Inherited Roth IRA before age 59?
32:03 – 34:07 How to set up Inherited IRA?
34:07 – 39:20 How to grow Inherited IRA?
39:20 – 44:16 Flipping houses with your IRA
44:16 – 49:07 Funding JV deal with your IRA
49:07 – 55:11 Structuring note deal
55:11 – 59:05 Debt financing
59:05 – 62:27 Events
62:27 – 69:33 Financial Friends Network
We interview Tom Olson, one of the biggest investors in the country to find out how he is doing so many deals and the type mindset and thinking it takes to build a business like his. It is rare we get to see inside the world of a company that has grown so large and so fast. Not only does Tom run a great company he is stand up guy and a great person and is doing amazing things not just for his community locally but for the real estate community nationally allowing investors to come into his office and learn from his team directly.
Good Success – www.goodsuccess.com
Show Notes:
00:00 – 06:05 Introduction
06:05 – 10:48 Reframing curse into a blessing. Three types of people that you need to collaborate with.
10:48 – 17:23 Tom’s transition from GC to investor. Turn key model.
17:23 – 20:33 Deals to focus on
20:33 – 25:28 Dealing with a city
25:28 – 31:00 Construction workers market
31:00 – 39:23 Strategy that works for Tom at the moment
39:23 – 44:33 Structuring a business
44:33 – 51:37 Self-development
51:37 – 57:18 Good Success Mastermind
57:18 – 59:36 How to enter Good Success
59:36 – 63:15 Go Giver Events
63:15 – 70:00 Tom’s advice for the end
Marco Romero is the owner of Hilco Homes real estate wholesale company. He built his business from the ground up with his wife Hillary. And today we are talking about an incredible organization of their company. I really think that they are a perfect example of great organization. So stay tuned, because I think that this episode will really inspire you!
Marco Romero – www.facebook.com/hilcohomes/
Show Notes:
00:00 – 06:15 Introduction
06:15 – 10:10 Scaling the business
10:10 – 16:00 Organization of the team and pay structure
16:00 – 19:16 Back office management setup
19:16 – 21:55 Managing leads
21:55 - 24:31 Advice for someone who wants to take business to next level
24:31 – 27:56 How Marco decides what to do with leads
27:56 – 30:58 Contact information
Today on the show we have high-level real estate entrepreneur from New Orleans. Marcus Tuttle is a cash flow investor. However, he has also done some impressive large-scale rehabs in his city. He is in the business for over 20 years! So pay attention! In this episode, we will go through various topics, from rehabs in historic districts to new age technologies and opportunities.
Marcus Tuttle – 504 220 9154
marcus.tuttle1@gmail.com
Show Notes:
00:00 – 03:27 Introduction
03:27 – 05:30 Rental portfolio and cash flow
05:30 – 07:11 Rehabbing old houses
07:11 – 08:59 City rules and historic districts
08:59 – 10:10 Pricing in New Orleans
10:10 – 11:26 How hurricane in New Orleans affected the market?
11:26 – 12:30 How hurricane in New Orleans affected houses?
12:30 – 14:48 Mindset of an investor who is taking on a big project
14:48 – 17:24 Financing old properties. Owner financing.
17:24 – 19:15 Understanding debt
19:15 – 24:37 Necessary risks and persistent work. Events.
- Invest in Dent: The “How To” Book on “buying Paper” for Cash Flow by Jimmy Napier
24:37 – 27:44 Marcus’s strategy at the moment
27:44 – 29:14 EXP
29:14 – 31:33 Way to play in a higher valued market
31:33 – 32:58 How the crash affected Markus’s market
32:58 – 36:29 Advice to younger self
36:29 – 43:35 Living in a multifamily houses and Airbnb
43:35 – 44:58 Peaces of advice for the end
44:58 – 49:26 Contact information
Zack Childress is well known in the industry for being a national coach to successful students all over. He is skilled in just about everything in single family real estate. He is known for virtual investing. He is virtual wholesaling in multiple markets around the country which lets him have a good idea of where the state of the macro market for our country is at. Today we look at wholesaling, rentals, flipping, and creative financing strategies. We talk about secondary market investing as well as co wholesaling.
My First Deal Playbook – https://myfirstdealplaybook.com/free-book
Facebook Live Shows - https://www.facebook.com/ZackChildressREISuccessAcademy/
Show Notes:
00:00 – 04:10 4 tiers system
04:10 – 07:51 Value of available knowledge and resources nowadays
07:51 – 10:14 Virtual wholesaling
10:14 – 15:30 How to find a good market?
15:30 – 20:20 Strategy for secondary markets
20:20 – 22:53 Acquiring long term residual income
- Tier 1 – Wholesaling
- Tier 2 – Creative financing
- Tier 3 – The growth capital
- Tier 4 – Passive cash flow
22:53 – 24:16 Co-wholesaling
24:16 – 25:36 Asset protection
25:36 – 28:18 Buyers or sellers list
28:18 – 36:24 Wholesaling to a financed buyer
36:24 – 41:04 State of markets through whole country
41:04 – 48:34 My First Deal Playbook, community and contact information
On this episode, we have a mentor of mine and the man that I really appreciate and look up to, Walter Wofford. We are here today to speak about Mississippi Affordable Housing Summit, very exciting event, which will be held from March 20th to March 24th. This is one of the best events that you will have an opportunity to attend. There will be a lot of impactful speakers, such as Quincy Long, Stephen Younger, Shawn Woedl etc. I will be speaking also about ways to find motivated sellers and social media marketing. So if you are interested, please check the link below and join us for this incredible event. This is not only opportunity to learn new strategies and techniques, it is also grate chance to network and meet future business partners.
Mississippi Affordable Housing Summit – www.mississippiaffordablehousin2018.sched.com
Show Notes:
00:00 – 01:50 Introduction
01:50 – 04:32 Impact investing
04:32 – 07:34 Mississippi Affordable Housing Summit – Trust IRA transaction
07:34 – 09:36 Screening tools and virtual assistance
09:36 – 13:43 Airbnb business
13:43 – 14:05 Rental arbitrage
14:05 – 15:30 Is it possible to regulate Airbnb
15:30 – 19:30 Scaling ability with Airbnb and time investment in it
19:30 – 21:34 Time management and systems
21:34 – 26:34 Residual income and corporate leasing with the right to sublease
26:34 – 30:18 Inherited Roth IRA or stretch IRA
30:18 – 32:05 How to grow small IRA?
32:05 – 32:33 Running a business vs. having an investment out of your IRA
32:33 – 37:33 Mississippi Affordable Housing Summit
37:33 – 40:41 How to sign up?
We have a great guest today! We are going to talk about the evolution of the business with Cassandra DeHaas. I knew her when she started a business with her partner RJ. They run Titanium Investments together. They have taken DFW by storm lately; they have branched out, doing a lot of different things in the business.
In this episode, we are going to talk about how they started out as GC company, saw the power in becoming real estate investor and them evolving from wholesaler to landlord and finally rehabber. You need to understand that you grow your business step by step and you go through more advanced strategies as you go along. Cassandra and I talk about how they did this because now they are running a very successful business and I think that you will be impressed with all that you will hear today.
Cassandra DeHaas – cd@titaniumprops.com
Titanium Investments - www.titaniumprops.com
Show Notes:
00:00 – 06:33 Introduction
06:33 – 09:17 The biggest difficulties with wholesaling in different markets
09:17 – 11:22 How to decide which market you want to go to?
11:22 – 14:04 The best strategy for finding buyers
14:04 – 19:32 Double closings vs. assignments
19:32 – 23:55 Wholesaling properties
23:55 – 28:23 Titanium Investments transition into rehabbing
28:23 – 35:56 Carrying cost
35:56 – 51:10 Dealing with people with different attitudes and ways to communicate
51:10 – 56:22 Contact information
Flipping houses and wholesaling houses come down to one thing, making sure that you have accurate data, so you have accurate numbers. And this is something that comes up no matter where I go. People are always asking me how to get MLS access, comps and accurate data.
So once again we have on here Daniel Moore from Propelio. Daniel Moore is the CEO of Propelio and a high-level real estate entrepreneur. Propelio is a real estate service the provides direct mailing lists as well as pulls comparable properties for investors who cannot get access to the MLS. On this episode, Daniel will demonstrate to you how to use Propelio to get best results and we will even go through a beta version of the website which is still in development, however, once it is done it will give you an opportunity to make your own website quick and easy with Propelio.
Daniel Moore – danies@propelio.com
Propelio - www.propelio.com
Show Notes:
00:00 – 02:22 Introduction
02:22 – 06:10 Propelio
- Propelio helps you find a motivated seller and analyze a deal.
- Lead lists
06:10 – 25:13 Demo
- Comps
- Analyze
- Comparable sales class
- Ability to adjust criteria
25:13 – 34:24 Getting the deal with Propelio
34:24 – 34:56 Low inventory market
34:56 – 39:50 Excel spreadsheets for leads
39:50 – 40:15 Speed, accuracy and value
40:15 – 44:53 Get your own website with Propelio
44:53 – 47:12 Available markets
47:12 – 54:20 Propelio Academy
Hugo Cedeno is an entrepreneur and educator from Houston, Texas and on top of that, he is a magnificent storyteller. In this episode, first and foremost Hugo shares his turbulent story.
How seventeen year old changed his destiny with one phone call. How young engineer decided to quit his job and start a roofing business. Why he decided to go back to the regular job after that and how he met his future business partners there. How he built engineering firm with his partners and why he left it on the end to become an owner of a real estate firm. And finally how and why Hugo decided to dissolve the firm and go into this business alone.
Hugo shared with us 15 years of his life and I am sure that this raw and true conversion will give you a courage and inspiration, as well as some helpful tips and tools to overcome your biggest challenges and stand for your dreams.
Hugo Cedeno - www.hugocedeno.com
Show Notes:
00:00 - 31:50 Hugo’s story
31:50 - 38:50 Scope of work
38:50 - 40:12 Project management - Buildertrend
40:12 - 44:08 Change order
44:08 - 49:53 Contact information and coaching
Grant Kemp is an expert in a field of “subject to” deals. In this episode, he explains his owner financing real estate business, detailing the legal side of “subject to” investing. We also talk about an approach to a seller and dealing with the banks. Grant is the incredible young man who arrived at the position in which he is through dedicated and systematic work. Stay tuned, because I am sure that you will be amazed by Grant’s story and you could not wait to implement some of tips and tricks that Grant shared with us today.
Creative Cash Flow – www.creativecashflow.com
Show Notes:
00:00 – 06:50 Introduction
06:50 – 11:17 “Subject to” process
11:17 – 16:30 Most common objections to the subject to deals
16:30 – 21:05 Approach to the seller
21:05 – 27:28 Due on sale clause. Insurance.
27:28 – 31:55 Interest rates. Banks.
31:55 – 35:21 Equity positions
35:21 – 38:55 The best way to find “subject to” deals?
38:55 – 40:44 Grant’s take on MLS
40:44 – 41:55 Assuming the loans
41:55 – 43:58 Private money and trust deals.
43:58 – 55:29 Grant’s program
Today, we are covering a super hot topic in real estate right now! We are talking about Airbnb and short term rentals. I have an expert with me today. Al Williamson is a coach and consultant for Airbnb professionals all around the county. He also writes a blog, Leading Landlord, where he helps landlords to increase their income and reduce expenses. In this episode, we cover everything, from the area of your Airbnb to whether or not you should have toothbrushes in your place. If doing Airbnb is something that you are considering then you definitely cannot afford to miss this episode.
Al Williamson – www.leadinglandlord.com
Show Notes
00:00 – 03:05 Introduction
03:05 – 04:56 What are BRBO and Airbnb?
04:56 – 07:47 Single-family rentals that you can rent long term vs. same property as Airbnb.
07:47 – 09:45 Finding properties for Airbnb
09:45 – 15:27 Where is the hot place to put Airbnb?
15:27 – 18:52 Two way review system and insurance policies
18:52 – 21:03 Rental arbitrage strategy
21:03 – 26:46 Incising cash flow with Airbnb
26:46 – 29:52 Organizing your Airbnb for the best exorbitance
29:52 – 32:48 Cleaning of the property
32:48 – 34:25 Pet fee
34:25 – 40:03 Setting rent rates
40:03 – 42:18 Onboarding process
42:18 – 43:50 Focus on your net income
43:50 – 46:56 Contact information
Scott Carson is a CEO of We Close Notes; Texas-based real estate investment company that focuses on buying pools of distressed assets on residential and commercial properties direct from banks and hedge funds. He is also a featured speaker and educator at dozens of investment clubs and real estate workshops across the country. Scott has been in the mortgage, finance, and banking industry since 2001 and an active real estate investor since 2002. He has been actively buying notes on residential and commercial properties since 2005 and that is the topic of today’s show.
Scott is really knowledgeable in this area of the business, so listen carefully and make sure to implement some of the strategies that he talks about!
We Close Notes - www.weclosenotes.com
Show Notes:
00:00 – 01:36 Introduction
01:36 – 03:32 How Scott started working with non-performing notes?
03:32 – 06:11 Performing vs. Non-performing notes
06:11 – 08:15 Scotts funding and exit strategies
08:15 – 13:25 Working with banks
13:25 – 14:47 How to get the lists?
14:47 – 15:45 Making an offer
15:45 – 17:55 How to maintain properties?
17:55 – 19:58 Scotts predictions for the market
19:58 – 22:17 How to work with Scott
22:17 – 24:40 We Close Notes
24:40 – 28:25 Social media marketing
28:25 – 29:47 The Note Closers Show
Florida licensed attorney since 1998, practicing in the areas of commercial and residential closings. In 2001, he worked for a firm specializing in representing lenders in residential foreclosures, evictions, bankruptcy and title insurance issues. In 2004, formed Shawn M. Yesner, P.L. to protect homeowners and real estate investors in all aspects of foreclosure and bankruptcy. He recently left the practice to again go on his own and provide individualized service to his clients and referral sources.
Shawn M. Yesner – www.yesnerlaw.com
Crushing Debt Podcast
https://itunes.apple.com/us/podcast/crushing-debt-podcast/id1056217582?mt=2
Show Notes:
00:00 – 05:56 Introduction
05:56 – 11:30 Foreclosure
- Sanctuary Foreclosure
- Judicial Foreclosure
11:30 – 17:11 Bankruptcy
17:11 – 21:14 Subject to deals
21:14 – 24:26 Main mistakes that new investors do
24:26 – 31:36 Credit resurrections.
31:36 – 36:10 Damage to your credit after bankruptcy
36:10 – 41:00 Landlord/homeowner, tenant, and bankruptcy
41:00 – 47:13 Land trust
47:13 – 50:28 How investor can take title to the land trust?
50:28 – 55:57 Process of changing the title
55:57 – 59:45 How to find a quality attorney?
59:45 – 66:19 Crushing Debt Podcast
66:19 – 69:04 Contact information
Joseph is a multifamily investments specialist. Leading group acquisitions of over $11MM in real estate and providing asset management services to a portfolio of 156 units with 97 additional units currently under contract and growing. Joseph began his real estate investing back in 2005, when he purchased with his wife Rita their first investment property in Israel. In 2007 Joseph & Rita relocated to Plano, Texas and in early 2008 started their US real estate investment journey with the purchase of a duplex in Plano. Since then they grew their portfolio and strengthened their equity positions in multiple single family properties and this is the main focus of this episode. If you are interested in growing your business and making a leap in apartment business you will find a lot of useful information in this episode.
EBG Acquisitions – www.ebgacquisitions.com
Show Notes:
00:00 – 02:46 Introduction
02:46 – 05:40 When is the time to make leap in a bigger game?
05:40 – 08:35 The first apartment deal
08:35 – 10:12 Working with brokers
10:12 – 13:50 Size points. Number of units. Equity.
13:50 – 18:18 Valuing deals
18:18 – 21:40 Profit centers in an apartment business.
21:40 – 25:11 Calculate rent rates
25:11 – 27:07 Inspecting units
27:07 – 28:42 Option and earnest money
28:42 – 30:48 Financing deals
30:48 – 38:28 Join ventures. Syndication structure.
506(b) and 506(c)
38:28 – 40:39 The best way to fund a deal
40:39 – 43:45 Exit strategies
43:45 – 44:57 Typical time frame from start to finish if you are buying apartments
44:57 – 48:13 Good indications related to location
48:13 – 51:02 Dallas market
51:02 – 55:37 Property management process
55:37 – 58:36 Contact information
On today’s show we have a well-known person in real estate world, Larry Goins! Larry is a real estate investor, entrepreneur, CEO, author, educator and on top of everything incredible person! He is been investing in real estate for over 20 years. Larry is an active real estate investor and travels throughout the United States speaking and training audiences at conferences, expos, and Real Estate Investor Associations on his strategies for buying and selling houses. He has also written several books on real estate investing that are available wherever books are sold. This man has deep and wide knowledge of the industry, so we decided to focus on his Filthy Riches strategy in this episode. Listen carefully, there are many things to learn from this interview.
Larry Goins – www.larrygoins.com
Filthy Riches – www.filthyriches.com
Private Investors Only - www.investorsrehab.com
Show Notes:
00:00 – 03:03 Introduction
03:03 – 05:21 Filthy Riches philosophy
05:21 – 07:42 Filthy Riches marketing strategy – go wide
07:42 – 09:50 Double wide mobile homes
09:50 – 12:34 Filthy Riches process
12:34 – 14:21 Finding buyers
14:21 – 19:26 Exit strategies
19:26 – 25:25 Land contract vs. owner financing strategy
- Land contract note vs. owner financing note
25:25 – 26:11 Note buyers list
26:11 – 28:51 Structuring loans
28:51 – 33:58 Funding deals
33:58 – 36:20 How to learn from Larry?
36:20 – 38:07 Inspection process
38:07 – 41:40 What if you need to take property back?
41:40 – 43:26 Contact information
Nick Raithel is the creator of the 7-Hour Book. His system allows entrepreneurs and investors to get their own professionally published book in only 7 hours of their own time on the book. Using Nick’s strategy you will get recognition and attention that you need to grow your business and gain your customers trust.
7-Hour Book - www.contentcorps.net
Show Notes:
00:00 – 03:15 Introduction
03:15 – 05:48 7-Hour Book process
05:48 – 09:10 How this strategy is different from ghostwriter?
09:10 – 11:31 The first of seven calls
11:31 – 13:44 How does interview process work?
13:44 – 16:07 Main promotional techniques that Nick’s team uses
16:07 – 18:21 Process of writing the book. Length, promotion, publishing.
18:21 – 25:33 The best way to get the book in front of a customer?
25:33 – 28:10 Is there an option for an audiobook?
28:10 – 29:10 How long does it take to get the book?
29:10 – 31:35 Design of book cover
31:35 – 34:12 Lowering the cost of the book
34:12 – 37:46 You do not need a groundbreaking idea to write a book
37:46 – 40:04 Contact information
Wayne Snell is a managing director of Platinum Ventures. Texas-based private real estate investment company focused on buying and selling performing, re-performing and non-performing real estate notes to produce above-average, safe and consistent returns for our joint venture partners and private investors. Wayne is really smart and knowledgeable man who shared with us a ton of valuable information on this episode. This is the first time that we have this kind of in depth conversation about notes, so tune in and pay attention there are many things to learn.
Wayne Snell - wayne@platinumventures.net
469 587 9050
Platinum Ventures - www.platinumventures.net
Show Notes:
00:00 - 02:34 Introduction
02:34 - 03:56 What is a note?
03:56 - 05:52 How Wayne transitioned in owner financing?
05:52 - 13:35 Classification of notes. How to buy them?
- Performing notes
- Non-Performing notes
13:35 - 15:35 Good note for purchase
15:35 - 17:21 Funding properties
17:21 - 19:55 Why Wayne branches into slower markets?
19:55 - 24:19 Exit strategie
24:19 - 27:40 Working with residential mortgage loan officers
27:40 - 29:34 How Wayne create cash flow?
29:34 - 32:21 Pricing notes
32:21 - 37:50 Judicial vs non-judicial states
37:50 - 41:15 Partnering with Wayne
41:15 - 45:03 Wayne’s advice
Adrian Nez is an entrepreneur and a real estate investor who loves to share tips and insights with intention no help other entrepreneurs build their business with effective online lead generation. He believes that building your business is about using the best online marketing tools to drive the right traffic to your website, and making sure you engage with your audience in a way that will maximize conversions. He is a true expert in a field of online marketing and he was generous enough to share a ton of his knowledge with us!
Adrian Nez – Adrian@cheafres.com
www.AdrianNez.com
Investor Carrot - www.oncarrot.com
Show Notes:
00:00 – 01:36 Introduction
01:36 – 08:08 Why should investors learn and use online marketing?
08:08 – 12:54 Choosing and sticking to marketing strategy
- The investor who is willing to pay most to acquire customer is going to be the one that is going to win.
12:54 – 17:08 Generating leads, average cost
- What are you willing to pay to generate lead?
17:08 – 25:08 Power of consistency, SEO vs. PPC
25:08 – 28:53 Platforms for online marketing
28:53 – 34:55 Converting leads when you use online marketing, website structure
- Balance user experience and SEO
34:55 – 38:42 Opt-in page, text message or call?
38:42 – 44:06 Retargeting
44:06 – 47:30 Optimization for mobile devices
47:30 – 51:54 Long-tail keywords, multiple keywords per page
51:54 – 55:15 Duplicate content
55:15 – 59:31 Ranging your website
- Importance of backlinks
59:31 – 63:02 Learn frustrating things related to your business
63:02 – 66:21 What Adrian can help you with?
66:21 – 70:23 Advices from Adrian
70:23 – 72:01 Contact information
As Private Money Consultant, Scott and his team help real estate investors secure funding for their non-owner occupied investment properties all over the USA. They have private money lenders that will fund deals fast and with lowest rates and fees.
Scott transitioned in the private money from wholesaling business. So his knowledge is wide and deep. He shared with us a lot of great strategies for financing deals and I am sure that many new investors will benefit hugely from this episode.
USA Private Money – www.usaprivatemoney.com
480 372 8081
Show Notes:
00:00 – 02:20 Introduction
02:20 – 06:37 Hard money loan process
- Fast money vs. Smart money
06:37 – 13:14 Qualification for the loan
- Private Money Consultant
- Front fee
- Transaction Coordinator
- Closing Coordinator
13:14 – 17:20 Example of $ 100 000 loan
17:20 – 20:30 Appraisal
20:30 – 23:22 Inspection process
23:22 – 29:26 Financing low-price properties
- Mobile homes, Condos, Single Family, etc.
29:26 – 31:15 Owner financing strategy
31:15 – 34:10 Private Money 360
34:10 – 36:31 Retirement accounts
36:31 – 39:02 Long term rental loans
39:02 – 41:31 Refinancing
41:31 – 51:17 Credit lines
51:17 – 53:17 How important is income and credit score?
53:17 – 55:36 Checkups
55:36 – 62:05 Contact information
Jawad Dashti is a high-level real estate entrepreneur from Dallas Fort Worth Texas who at just age 33 has created generational wealth through cash flowing assets. His portfolio is made up of single-family rentals, condos, and apartment buildings. He is also known for his company Too Dash Homebuyers. Jawad set personal record wholesaling houses in 2017 and is optimistic for the future. We go over how he was able to take transactional income from flipping and wholesaling houses and putting this money into cash flowing passive income assets to build wealth.
Jawad Dashti – 469 970 9470
TooDash Properties - www.facebook.com/TooDashProperties
Show Notes:
00:00 – 02:20 Introduction
02:20 – 05:19 Jawad’s first deal
05:19 – 06:46 Wholesaling
06:46 – 07:17 Financing rentals
07:17 – 10:53 Marketing and follow up strategies
10:53 – 13:35 Marketing budget for someone who is starting wholes business
13:35 -15:02 Subject to deals
15:02 – 16:14 Apartment buildings
16:14 – 21:02 Houses vs. apartments
21:02 – 28:15 Condos and townhomes
28:15 – 30:01 Owner financing
30:01 – 33:36 Structuring offers
33:36 – 34:34 How you can reach Jawad?
34:34 – 38:36 Social media marketing
Adam Adams is a creative real estate investor, a podcaster, and a meetup group organizer. He has dealt with tax deeds, private money loans, land, condos, and several fix & flips. Right now Adam and his BlueSpruce partners are focused on purchasing more multi-family apartment buildings around the U.S. through syndications. Adam shared with us basic related to apartment building investing. It is different and definitely more complex, however, it is a great opportunity for scaling and brunching your business.
Adam Adams – adam@realbluespruce.com
BlueSpruce Holding - www.bluespruceholdings.com
Real BlueSpruce - www.realbluespruce.com
Show Notes:
00:00 – 03:40 Introduction
03:40 – 07:55 Why Adam’s team choose Texas and which markets are the main focus
07:55 – 09:47 Process of inspection
09:47 – 12:25 Calculating repairing cost
12:25 – 13:40 Cap rates
13:40 – 15:15 Properties classification
15:15 – 19:13 DFW market
19:13 – 22:20 Structuring a deal
22:20 – 25:18 Bank loans and financial analysis
25:18 – 31:15 Expenses when you work with apartment buildings
31:15 – 32:26 Preparation on a backside
32:26 – 35:08 Contact information
Tim Cook is a dedicated real estate professional, mentor, and entrepreneur with extensive training and experience in buying houses fast in difficult situations and helping hundreds of families with their housing needs all across the north Texas, Dallas, Fort Worth, Weatherford and surrounding areas and is an expert in creative problem solving for home owners needing an out-of-the-box solution and teaching other investors to do the same.
A retired Marine, his knowledge and experience in project management combined with his high work ethic, integrity, education and experience in property analysis and creative problem resolution allow him to effectively analyze a property and create "Win-Win" solutions for both home sellers and home buyers.
Tim Cook – masterrei@allwholesaleproperties.com
817 599 8058
All Wholesale Properties - www.allwholesaleproperties.com
Show Notes:
00:00 – 04:18 Introduction
04:18 – 05:27 How Tim started
05:27 – 07:40 Subject to deals
07:40 – 11:13 Tim’s strategy for subject to deals
11:13 – 14:02 Sellers main objections
14:02 – 19:39 Analyzing property to make sure it is worth taking over
19:39 – 20:21 Loans to take over
20:21 – 26:11 Due-on-sale clauses
26:11 – 27:15 Collaborating and learning from Tim
27:15 – 31:37 Exit strategy
31:37 – 37:22 Documentation matters
37:22 – 41:09 Affiliate marketing
41:09 – 49:00 Realflow
49:00 – 55:52 Buyers list
55:52 – 59:02 Meetups
59:02 – 62:00 Contact information
Mike Hambright teaches people to achieve financial freedom and lifestyle freedom by investing in real estate. He is professional Real Estate investor, mentor and coach that has bought and sold hundreds of houses, and mentored others that have bought thousands of properties. While he loves rehabbing houses, watching the transformation and working through challenges, what he loves most is flexibility and freedom that investing provides to his family. I had a great time talking to Mike and I am sure that you will enjoy the show as well.
Mike Flipnerd – www.flipnerd.com
Investor Machine – www.theinvestormachine.com
Investor Fuel – www.investorfuel.com
Passive Rentals – www.passiverental.com
Show Notes:
00:00 – 06:31 Introduction
06:31 – 08:22 Is there certain type of properties to hold for rental?
08:22 – 09:52 Difference between B and C class properties
09:52 – 12:03 What makes good rental property?
12:03 – 13:54 Paying off rental properties
13:54 – 15:16 Transition from flipping to rentals
15:16 – 16:04 Depreciation
16:04 – 18:26 Accumulating wealth
18:26 – 22:55 Strategy for investing in rentals
22:55 – 24:17 Finding deals
24:17 – 29:45 FlipNerd
29:45 – 33:34 Coaching programs and Mastermind group
33:34 – 36:54 Turn-key
36:54 – 39:24 Mike’s advice for listeners
Clayton Morris is a well known individual. He’s got a long career on radio and news, worked on Fox news for over 10 years. However, behind the scene he’s been building massive turn-key operation, one of the biggest in the county. Selling turn-key, cash flowing assets to real estate investors, helping them get financial freedom and retirement goals. In order to do that, he had to rehab thousands of houses. Also, on top of that he’s been building a social media empire. His youtube channel is “Morris Invest“. If you like podcasts go and check out his show „Investing in Real Estate with Clayton Morris“. Clayton is definitely a great source of valuable information and motivation. He shared a ton of useful tips and tricks, I am sure that you will enjoy this episode!
Clayton Morris – www.morrisinvest.com
Show Notes:
00:00 – 03:00 Introduction
03:00 – 06:06 Overcoming limited beliefs about starting and growing new business behind the scenes of your current job
06:06 – 09:55 How Clayton got into real estate?
09:55 – 18:00 How Clayton built his real estate business?
- Building systems and hiring property
- Virtual assistance
18:00 – 20:34 Hiring contractors
20:34 – 22:49 Price points and rehabbing process
22:49 – 26:18 In which markets you can find Clayton’s properties?
26:18 – 29:11 Metrics that make a good rental property
29:11 – 33:05 How to buy properties from Clayton?
33:05 – 36:00 Finding deals
36:00 – 38:58 Drop of value and cash flow
38:58 – 43:48 Podcast, Youtube and social media
43:48 – 46:08 Building studio
46:08 – 48:30 Working with your spouse
48:30 – 52:04 Contact information
Jason McDougall is a real estate agent that works in the Tarrant and Dallas county markets. Prior his real estate career, Jason was enlisted in the Air Force for 6 years and spent the next 10 years in industrial equipment sales and corporate level management positions. During his time in the corporate world, Jason caught the bug for real estate and pursued his dream of becoming a full-time real estate agent and investor. Today, Jason runs a successful house-flipping business with his wife, Miranda. Jason is a Certified Probate Real Estate Specialist and believes in constantly educating himself on various topics in the real estate industry to better serve his clients and community.
Jason McDougall – 682 207 8025
www.wholesalehousesdfw.com
www.nexterahomebuyers.com
Show Notes:
00:00 – 04:43 Introduction
04:43 – 07:15 Direct mail campaign
07:12 – 09:18 The first flip experience
09:18 – 11:45 Cash flow
- 15 or 30 years loan
11:45 – 12:30 What Jason did before he got into real estate
12:30 – 14:55 Jason’s typical work week
14:55 – 16:20 Skip tracing
16:20 – 17:33 Real estate agent license
17:33 – 20:14 Approaching a seller
20:14 – 22:50 Selling houses which are on a contract
22:50 – 26:03 Analyzing deals
26:03 – 29:00 Marketing and market around DFW
29:00 – 31:15 Owner financing in small areas
31:15 – 38:26 MLS deals
38:26 – 40:15 Buyers list
40:15 – 41:42 Contact information
Welcome back to the podcast, we have another great guest today. He is a young entrepreneur from Dallas Fort Worth, Texas. He started as an agent then decided to change his path and became an investor. He already transitioned from wholesaling to flipping houses. He is also making a big name for himself using social media. Let me introduce you to my guest today, he is Brandon Richards.
Brandon Richards – info@wepaycashforhousesdfw.com
www.facebook.com/WGacquisitions
www.brandonsellsdallas.com
Show Notes:
00:00 – 03:02 Introduction
03:02 – 05:05 Brandon’s first wholesale deals
05:05 – 07:37 Deal that changed the game for Brandon
07:37 - 08:32 Typical wholesale deals in Dallas
08:32 – 10:30 Direct mail strategy
10:30 – 21:58 Transition from wholesaling to hard money deals
- Challenges with workers
- Experience with inspectors
21:58 – 23:56 Strategy for finding deals
23:56 – 25:36 Facebook marketing strategy
25:36 – 29:42 Deal that showed to Brandon that he needs GC for rehabs
29:42 – 33:22 Brandon’s strategy for future
- Virtual assistance
33:22 – 39:10 Private money and credit lines
39:10 – 41:03 Contact information
Too young to start real estate career? Wait till you meet my today’s guest. Trey Brooks is a twenty years old real estate investor from Jackson, Mississippi. He’s made hundreds and thousands of dollars, already done over 40 deals. Trey started as a wholesaler, he’s now doing owner financing. On this episode, we talk about his story and obstacles that young entrepreneur can face. We also cover everything you need to know about virtual assistance and ways to work and collaborate with people from far away countries. I am sure that this episode will be a source of inspiration for you! Enjoy the show!
Trey Brooks – 817 205 2875
treybuyshouses@gmail.com
www.facebook.com/trey.brooks.3139?ref=br_rs
Show Notes:
00:00 – 03:12 Introduction
03:12 – 05:56 Breaking fear barrier
05:56 – 07:15 Ways to finding deals
- Referral marketing
07:15 – 09:10 TLO
- Contacting sellers
09:10 – 11:25 How does Trey finance his deals
11:40 – 13:44 From wholesaling to owner financing
13:44 – 14:48 Building wealth
14:48 – 23:40 Virtual assistance
- Podio
23:40 – 25:30 Trey’s Youtube channel
25:30 – 27:55 Mindset of a young entrepreneur
27:55 – 30:00 Contact information
Today on the show we have young and very successful entrepreneur! Ross Alex is a 27 year old Real Estate Entrepreneur based out of Houston, TX. He has successfully created two 6 figure businesses in just 2 years. We speak about direct marketing, the importance of social media, ways to find inspiration and motivation and lot more. He also shared with us what is happening in Houston market at the moment.
Ross Alex – www.facebook.com/RossAlexFlips
Flipping on Fire – www.fliponfire.com/academy
Show Notes:
00:00 – 08:27 Introduction
- Go give it your all and if it all fails, go back to what you had before.
08:27 – 9:47 How to find deals?
- Direct mail
- Printed marketing
- Driving for dollars
- Brokers
9:47 – 11:38 How to build a cash flow? Subject to deals.
11:38 – 19:10 Direct mail
- You got to stay consistent
- Targeted lists
- Design matters
19:10 – 21:06 Flipping on Fire
21:06 – 27:58 Social media
27:58 – 31:40 People to follow. Books to read.
- Grant Cardone
- Gary Vaynerchuk
- MJ DeMarco
- Tai Lopez
- Patrick Bet-David
- Elon Musk
- “Rich Dad Poor Dad” by Robert Kiyosaki
- “Think and Grow Rich” by Napoleon Hill
- “The Richest Man In Babylon” by George Samuel Clason
31:40 – 32:28 Contact information
32:28 – 43:01 Market in Houston
Welcome back to the show today! I am excited because we have royalty on the show! Dawn Rickabaugh is the owner of Note Queen Capital Funding. She buys seller-financed notes across the country, and helps others get started investing in notes. We talk about buying, selling and creating notes. She is an expert in a note space, also in marketing and branding. Dawn is a writer, educator, coach and author of “Seller Financing on Steroids: Pumping Paper for Power, Peace and Profits.”
She is the creator of Citizens of the Realm, a unique membership & training site dedicated to helping passive investors, buyers, sellers, and professionals understand “the dance between property and paper”. She actively supports members of her community around their owner financing and note transactions.
Dawn is a brave and capable lady, who managed to build her empire as a mother of four. This is not even her first career, she transitioned into real estate after quitting her nursing job! I am sure that you will enjoy while learning from this incredible woman!
Note Queen – www.notequeen.com
Show Notes:
00:00 – 06:50 Introduction
06:50 – 12:43 From nurse to notes
12:43 – 19:35 Dawn’s strategy when it comes to buying notes.
- Does she want her notes to pay off, or she prefers keeping them for a long-term cash flow?
- Diversity is the key!
19:35 – 22:22 How do Dawn’s lenders on the front side go about understanding how they are going to get paid?
- Importance of staying local with notes in the beginning
22:22 – 26:25 What happens if lender decides to leave deal earlier than intended?
26:25 – 28:31 Importance of relationships
28:31 – 31:35 Creating notes, buying created notes, what is Dawn’s focus?
31:35 – 36:54 Buyer screening process
36:54 – 42:00 Holding period and selling the note
- Consistent payments by a person that bought a property
42:00 – 44:00 How you can learn from Dawn?
44:00 – 48:29 Membership site
Hard money lending from all angles with Wendy Sweet. In this episode of the Investor Army Podcast we cover a large number of topics related to private money lending, hard money lending, and starting a fund for real estate investors. We go over hard money lending with Wendy Sweet from Carolina Hard Money from the position of the lender and the borrower and what it is like to be in either position. Everyone needs to raise private money or use hard money for their real estate deals. And that is exactly what we talk about today and how to do it correctly and what you need to know about the hard money lending process.
Wendy Sweet – wendy@carolinahardmoney.com
bill@carolinahardmoney.com
Carolina Hard Money – www.carolinahardmoney.com
Show Notes:
00:00 – 02:45 Introduction
02:45 – 10:06 Carolina Hard Money and Wendy’s background in mortgage industry
10:06 – 13:44 Wendy’s transition in hard money lending business
13:44 – 19:33 Hard money loan process
- Points up front
- Points on a back
- Interest rates
19:33 – 25:27 Draw process
25:27 – 31:15 How Wendy can help you with building your passive income?
31:15 – 32:27 Paper work
- Have a local attorney
32:27 – 35:51 Your local real estate investor association is the cheapest and deepest education you will ever get!
35:51 – 39:40 Funds vs. hard money loans
39:40 – 44:05 What can you expect when you are looking to put your money into a fund?
44:05 – 44:47 Investing out of 401K and IRA
44:47 – 47:20 Last piece of advice from Wendy
47:20 – 49:46 Contact information
I am honored to introduce Kenneth A. Lacy to you! Ken started his Navy career in the Engineering Department on a Nuclear Submarine over a four year period. He followed this with 3 years of Security duty and then becoming an EOD-Explosive Ordnance Diver. He switched to the reserves and become a hard hat diver which then enabled him to become a Commercial Diver on the civilian side at the Norfolk Naval Shipyard. He was injured on a dive job and during his rehabilitation, received his Bachelors in Business Management. He went on to retire from the Navy reserves with a combined 26 years of service.
In order to maximize his ability to help more Veterans under the umbrella of a 501(c)3, he created Veterans Path Up. He established a board of directors and is now working to serve those honorably discharged veterans that want a path to home ownership. Through the network of a great team, Veterans Path Up is helping veterans build their credit while living in stable homes. This, in turn, gets them on the path to home ownership.
I invite you to listen to Kenneth’s story and to contribute to this noble cause!
Kenneth A. Lacy – Kenneth@veteranspathup.org
Veterans Path Up – www.veteranspathup.org
Show Notes:
00:00 – 03:10 Introduction
03:10 – 06:11 Kenneth’s history with real estate and how idea of Veterans Path Up was planted
06:11 – 9:33 How Veterans Path Up movement established connection with Financial Friend Network
- Support of big companies
- Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime.
9:33 – 10:00 How Kenneth got first properties
10:00 – 13:30 How does organization finances properties?
- Financial Friend Network auction
13:30 – 15:45 How idea spreads?
- How you can donate house to Veterans Path Up?
15:45 – 16:55 How listeners can help?
16:55 – 19:20 Government assistance, VASH and SSVF
19:20 – 20:50 How you can donate access supply?
20:50 – 22:25 How veterans can apply for VPU support?
22:25 – 24:40 How VPU helps veterans to get jobs?
24:40 – 28:20 Upcoming events
28:20 – 29:05 Institutional long-term financing
29:05 – 31:58 How you can contact Kenneth
Jamie Wooley, is a serial entrepreneur, lead coach of Wholesaling Inc and founder of W Streets LLC. She is a rehab and team building expert. She managed to achieve all mentioned in only the year and a half, after leaving her previous office manager position. She is a truly fantastic woman, enthusiastic but real. Her success came through diligent and focused work. Jamie now has a team of 10 people and is on track to hit 7 figures in her wholesaling business. If you are interested in up leveling your marketing strategy this episode is definitely for you!
Jamie Wooley - www.facebook.com/jamie.wooley.1
Jamie@wholesalinginc.com
Wholesaling Inc - www.wholesalinginc.com
Show Notes:
00:00 – 07:50 Introduction and Jamie’s background
07:50 – 10:16 How does Jamie structure her business, is the only wholesaler?
- Go back on MLS and check what happened to that house that you have wholesaled
10:16 – 12:38 Opportunities when you are a wholesale company?
- Build a big buyers list
12:38 – 15:50 Spreading across the market and opportunities in smaller areas.
15:50 – 18:19 Types of properties that Jamie targets
18:19 – 24:30 Marketing. What does Jamie do to generate most of her leads?
- Pick one thing and be good at it
- Direct mail, pay per click, SEO, Facebook
24:30 – 29:05 Wholesaling Inc
29:05 – 34:00 Direct mail campaign brake-down
- Consistency
- You need to work hard
- Do not be results oriented
34:00 – 36:58 Lists to go after
36:58 – 38:55 Mass mailers vs. few leads for a limited budget?
38:55 – 41:45 How did Jamie grow her business?
- How to choose employees?
41:45 – 46:05 What you get from Wholesaling Inc 90 day program?
46:05 – 47:41 “Rhinoceros success” by Scot Alexander
47:41 – 53:18 Program price points
53:18 – 55:15 Believe in yourself and take action. Progress, not perfection!
55:15 – 57:34 Jamie‘s contact information
On today’s episode we have, Bob Zachmeier, an innovative Real Estate Investor and Broker from Tucson, AZ specializing in “out of the box” solutions that enable buyers, sellers, and investors to create profitable real estate deals. Bob has closed more than 3,300 real estate transactions, written five books, and speaks frequently at national investment conferences. Hundreds of novice and experienced investors use Bob’s NoteCarry software to structure complex note deals in under a minute! Bob enjoys sharing his knowledge and every conversation with him is really beneficial. I am honoured to share the stage with him on his upcoming event, so if you are interested, go ahead and listen to this episode, you will gain value from it for sure!
Bob Zachmeier 520 404 3744
bob@notecarry.com
Note Carry website www.notecarry.com
Show Notes:
00:00 – 09:15 Introduction, Bob’s notes strategy
09:15 – 15:44 Structure of a deal
15:44 – 19:30 Bob’s background
19:30 – 23:28 Bob’s portfolio breakdown
- Property taxes increase
23:28 – 25:28 Breakdown of structuring notes
25:28 – 28:52 Owner financing
- Make sure that you have a good deal for a buyer
- Look for cheaper deals across the country
28:52 – 31:15 Going trough closing process, front and back end
31:15 – 34:57 Choosing buyers, targeting market
34:57 – 37:35 Deals to avoid
37:35 – 45:25 Bob’s event in October and reasons for making his first course
- Webinars
- Note Business Builder
45:25 – 50:57 Magic of notes
50:57 – 53:19 Working with agents
53:19 – 55:29 Bob’s contact information
Daniel Moore is the CEO of Propelio and a high-level real estate entrepreneur. Propelio is a real estate service the provides direct mailing lists as well as pulls comparable properties for investors who cannot get access to the MLS. If you are interested in Propelio click the link above. Daniel is a very talented real estate investor and he goes over some of the deals he is working on where they are making over a Million dollars. Daniel goes over business systems, marketing, and how to focus on bigger deals for bigger profits. He has made some big shifts in his business over the past few years that has led to big profits.
Daniel Moore – danies@propelio.com
Propelio - www.propelio.com
Show Notes:
00:00 – 01:31 Introduction
01:31 – 10:45 Daniel’s background and shift in a mindset that allowed him to scale
10:45 – 12:20 Main reason why people do not transition into bigger deals
- Conquer your fear of unknown
12:20 – 16:30 What is a good safety net for an individual to step up that aggression level and take a chance?
- Value of partnerships
- 3 things that make deal work: money, time and knowledge
16:30 – 18:44 Propelio
- Get accurate real estate MLS comps
18:44 – 25:44 Exclusive lead lists
- Substitute trustee
- Probate list
- Foreclosure list
- Substitute list
- Affidavit of heirship
25:44 – 27:52 Propelio is a real estate broker web site
27:52 – 31:37 How to run comps?
31:37 – 34:54 Is there more opportunities with higher price point properties?
34:54 – 42:20 Risks when you go bigger?
42:20 – 45:05 Gap funding
- Self-funding
- Gap funder
- Private equity partner
45:05 – 51:21 Power of emotional capital
51:21 – 54:28 How to choose private money lenders?
54:28 – 57:10 Types of partnerships
57:10 – 58:44 Contact Daniel
58:44 – 65:58 Daniel’s social media
- Propelio Academy
In this episode we have real star of real estate, Mitch Stephen has bought and sold over
1,500 homes in Texas alone and we talk about how he does his Owner Finance strategy and how he
couples that with private money to gain a huge edge and serve his clients the best. One of the ways
many investors are changing their strategy is to selling properties with owner finance to build big
passive income streams and gains an advantage.
We also talked about market change and Mitch gave us great insight as he saw a lot of changes in his 22
years long career.
1000 Houses – www.1000houses.com
Real Estate Investor Summit Podcast
https://itunes.apple.com/us/podcast/real-estate- investor-summit- podcast/id1158194932?mt=2
Show Notes:
00:00 - 01:48 Introduction
01:48 – 09:40 How Mitch started building a business with rental properties and transitioned into owner
financing?
09:40 – 10:52 Mitch’s books
10:52 – 23:20 Owner financing when you are staying in a deal.
23:20 – 24:32 Strategy for notes selling.
24:32 – 29:26 Risk with Mitch’s strategy
29:26 – 44:45 How technology changed Mitch’s business and helped him scale?
Making good team
44:45 – 49:00 How much of Mitch’s work is run virtual vs. in his office?
49:00 – 53:20 How to work with Mitch and learn from him?
53:20 – 61:00 Homework from Mitch
Text message marketing
61:00 – 68:26 Last piece of advice
Tom Nardone is a very successful real estate investor and coach to investors all around the country. He has done hundreds of deals and is experienced in all areas of real estate. He began his career by buying houses while delivering the mail earning the nick name the Millionaire mailman. In today's podcast he shares what he has learned over the years as a real estate investor.
Tom Nardone – tom@tomnardoneshow.com
954 234 5565
Millionaire Mailman – www.millionairemailman.com
Show Notes:
00:00 – 01:27 Introduction
01:27 – 06:45 Toms background in a business. Mailman networking strategy.
06:45 – 09:26 Toms thought process in his beginnings, financing deal.
09:26 – 12:12 Subject to purchases.
12:12 – 15:02 Assumable loan. Investing before and after the internet.
15:02 – 18:33 Modern day movement of education. Opportunities for new investors.
18:33 – 21:42 Higher end rental properties.
21:42 – 24:20 On which strategy should new investor focus on in order to make a good foundation for business.
- Wholesaling
- Fix and flip
- Buy and hold
24:20 – 28:00 Marketing strategies
28:00 – 34:44 Events, meetups and ways to learn from Tom. Meet the mailman!
34:44 – 43:07 How Tom paid $300000 loan for $3000 cash.
43:07 – 46:10 Toms take on what is coming in the industry
46:10 – 47:53 Toms contact information
Mr. Land Trust, Randy Hughes, is our special guest on this episode of the Investor Army Podcast. Randy goes in depth into some of the benefits of a land trust and the power investing in real estate with a land trust can have on your business. There are many uses of the land trust by a real estate investor and if used correctly can help protect you and your assets. Make sure to take time to listen to the whole episode as Randy explains the land trust for new and experienced real estate investors. Today he will show you how to use a land trust.
Randy Hughes – 1 866 696 7347
randy@mrlandtrust.net
Website - www.landtrustsmaidsimple.com
Show Notes:
00:00 – 02:32 Introduction
02:32 – 04:11 What is a land trust?
04:11 – 06:10 Can you be your own trustee?
06:10 – 07:55 Good strategy for naming your trust?
07:55 – 09:13 Brief land trust history
09:13 – 13:44 Biggest benefits of land trust for new single family investor
13:44 – 15:55 Bankruptcy
15:55 – 18:42 Switching titles
18:42 – 20:40 Land trust properties are judgment proof?
20:40 – 25:00 Using land trust for your benefit
25:00 – 29:30 How easily can a land trust be penetrated?
29:30 – 31:25 Risks for a trustee
31:25 - 35:25 Contact information
Can you do lease options in Texas? In this episode of "The Investor Army Podcast" we have an expert when it comes to Lease Option investing. John Jackson is known as "The King of Lease Options". He breaks down in the podcast the different types of lease options you can do as well as goes over certain types of legislation in regards to lease options.
Business Website - www.leasingtobuy.com
Training Website - www.leaseoptionclasses.com
Email - john@leasingtobuy.com
Phone - 817 980 0068
Show Notes:
00:00 – 01:30 Introduction
01:30 – 06:08 How John started and gravitated toward lease option strategy?
06:08 – 11:36 Lease option strategies
- sandwich lease option
- straight lease option
- lease option assignment
11:36 – 13:50 Leasing to buy
13:50 – 22:40 John’s selling process and laws that cover lease option
22:40 - 25:20 Benefits of doing lease option strategy
25:20 - 28:28 Main focus when targeting houses
28:28 – 32:30 Approach to seller\home owner
32:30 – 34:00 Realistic expectations with lease option strategy
34:00 – 38:50 How to collaborate with John and his events
38:50 – 44:15 Pieces of advice for lease option strategy
44:15 – 50:14 Guru Mindset Podcast
- BUCK system
50:14 – 54:14 Contact information
Buying rentals in other states with Beau Eckstein is an interview where Beau discusses the power of going into multiple markets that have different price point properties that are better for a cash flow investor. Beau was on the TV show “Flip It to Win It” and has been flipping high-end properties in California for many years but has shifted his focus lately to owner financing and renting out small properties in the midwest and is now more focused on monthly cash flow. He shares in today's podcast what he has learned by changing strategies.
Beau Eckstein - 925 852 8261
www.getloanquote.com
Show Notes :
00:00 – 01:25 Introduction
01:25 – 07:30 Beau real estate background and plans for future
07:30 – 12:30 Thoughts about future market crash
- Importance of roadmaps, planning, and learning
12:30 – 19:50 Vision board
- “The Miracle Morning: The 6 Habits That Will Transform Your Life Before 8 AM” by Hal Elrod
19:50 – 27:00 Importance of exercise and physical health
27:00 – 36:30 How Beau decided to branch out across contrary and how to do that?
- Invest time, unless you want to buy turnkey property
- Choose one or two markets
- Start networking
- Financing properties
36:30 – 39:35 Hard money lending
- Business credit
39:35 – 46:06 Loans from banks in small markets
- Beau take on borrowing money for cheaper properties
46:06 – 51:57 Credit cards and credit game
- Personal credit cards and business credit cards
- Have reserves
- How often do you need to ask for credit increase?
51:57 – 53:25 Contact information
53:25 – 55:55 How to review properties in far away markets
I am excited to bring this episode to you with fellow investor and friend of mine, Justin Morales who is a high-level real estate entrepreneur and successful business owner. He is reaching close to 100 rental properties across multiple states and in today's podcast is going over some tips on how he did it and the investor mindset and thought process it takes to be successful. He talks about buying a HomeVestors franchise as well as investing in multiple markets to accelerate growth through duplicating the process he has already figured out. Enjoy while listening to this episode as I am sure that it will give you a lot of powerful ideas and tips.
Justin Morales – 907 412 0605
justin@justinmorales.com
Show Notes:
00:00 – 01:40 Introduction
01:40 – 03:04 Justin background in real-estate
03:04 – 07:26 Power of building yourself to be able to be successful as a real-estate entrepreneur
- Read or listen books
- Go to seminars and mastermind events
- Manage your time well
- Travel outside your network and market
07:26 – 09:40 Books recommendation
- “The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results” by Gary Keller
- “Mindset: The New Psychology of Success” by Carol Dweck
- “Never Split the Difference: Negotiating As If Your Life Depended On It” by Chris Voss
- “The 10X Rule: The Only Difference Between Success and Failure” by Grant Cardone
- “Traction: How Any Startup Can Achieve Explosive Customer Growth” by Gabriel Weinberg and Justin Mares
09:40 – 13:21 Limiting beliefs when it comes to marketing
13:21 – 17:37 Justin’s strategies in satellite markets
- Rentals
- Owner financing
- Flipping
- Wholesaling
- Seller financing
17:37 – 22:30 Approach to a seller and make an offer.
22:30 – 26:02 HomeVestors franchise
26:02 – 30:46 How to start in a different market?
30:46 – 33:30 Justin’s big vision for his business
33:30 – 36:28 Justin’s thoughts about upcoming changes in markets
36:28 – 38:28 Contact information
Lolita Sheriow shares her wisdom and goes over social media marketing of real estate investors. Lolita is an Amazon best seller author and coach to successful investors all around the country and is someone I personally look up to and went to go see when I was building my business. She goes over marketing and lead generation. She also emphasizes the social media importance. Lolita is a master marketer and high-level entrepreneur. We had a great talk, you will enjoy it!
Lolita Sheeiow – www.lolitasheriow.com
Take Action Lo - www.takeactionlo.com
Show Notes:
00:00 – 01:31 Introduction
01:31 – 03:54 How Lolita got into the business and a little bit of her background.
03:54 – 08:35 Importance of marketing for wholesalers. Good starting point. Good strategies.
- Build buyers list
- Driving for dollars
- Go online
- Partner with other wholesalers
- Direct mail marketing
08:35– 15:16 Lolita’s book – Take Action Lo
- Lolita’s favorite authors
- Events
15:16 – 19:44 Few examples of deals
- Proactive vs. reactive marketing
19:44 – 25:53 Social media
- Start with Facebook
- Get used to doing video
25:53 – 26:55 Paid advertising
26:55 – 29:38 Split test. How to approach marketing campaign.
29:38 – 33:29 Advices from Lolita
33:29 – 35:29 Contact information
Lolita Sheriow shares her wisdom and goes over social media marketing of real estate investors. Lolita is an Amazon best seller author and coach to successful investors all around the country and is someone I personally look up to and went to go see when I was building my business. She goes over marketing and lead generation. She also emphasizes the social media importance. Lolita is a master marketer and high-level entrepreneur. We had a great talk, you will enjoy it!
Lolita Sheeiow – www.lolitasheriow.com
Take Action Lo - www.takeactionlo.com
Show Notes:
00:00 – 01:31 Introduction
01:31 – 03:54 How Lolita got into the business and a little bit of her background.
03:54 – 08:35 Importance of marketing for wholesalers. Good starting point. Good strategies.
- Build buyers list
- Driving for dollars
- Go online
- Partner with other wholesalers
- Direct mail marketing
08:35– 15:16 Lolita’s book – Take Action Lo
- Lolita’s favorite authors
- Events
15:16 – 19:44 Few examples of deals
- Proactive vs. reactive marketing
19:44 – 25:53 Social media
- Start with Facebook
- Get used to doing video
25:53 – 26:55 Paid advertising
26:55 – 29:38 Split test. How to approach marketing campaign.
29:38 – 33:29 Advices from Lolita
33:29 – 35:29 Contact information
Subject to investing is taken to the next level with Banditsigns.com creator and high-level real estate investor David Alexander. We go over some great tips to increase your income and find more deals with bandit signs. David is a provider of bandit signs to wholesalers and investors nationwide. He is also a creative financing expert. We go over a number of ways to structure advanced deals like his Sub3 an innovative way to do subject to deals.
David Alexander – ezlife@davidalexander.com
Show Notes:
00:00 – 01:33 Introduction
01:33 – 03:20 How David started?
03:20 – 09:23 Good strategies to jump in and scale your business quickly with bandit signs.
- Became a driver
- Find your territories
- Form your crew
09:23 – 14:11 Placement of signs?
14:11 – 16:46 How to designee your sign?
16:46 – 28:49 ”Sub2” Deals
- Rentals
28:49 – 40:00 What David does when he does not use “Sub2”?
- Sub3 Deals
40:00 – 41:38 Mentorship and Mastermind Events
41:38 – 58:04 How to get high down payment?
58:04 – 60:04 Contact information
ezlife@davidalexander.com
In this episode, we talk about turn-key rental properties. Turn-key rentals are a great way for new investors to get in the business. Detroit rental homes are one of the best investments in the country right now and Detroit is quickly becoming a new favorite location to own property for many investors around the country at the moment.
Detroit turn-key rental provider is exploding right now under the direction of Mike Jordan. Mike and his team are doing around 30 turn-key rentals a month helping real estate investors around the country with limited time get big time cash flow by providing a high-quality turn-key rental product. They handle the entire process from the acquisition, rehab, finding the tenant, and managing the property on the back side.
Mike shares with us a ton of valuable information, so make yourself comfortable and enjoy while listening to this episode!
Strategy Properties – www.strategyproperties.com
Show Notes
00:00 – 01:53 Introduction
01:53 – 03:36 How Mike got into the business and what kind of company he owns?
03:36 – 08:32 What is a turn-key rental property?
08:32 – 11:12 Pricing for a property management and what is included in service?
11:12 – 19:00 Opportunities in Detroit, what can you expect, usual price points?
19:00 – 25:39 How organize your turn-key business and to find deals?
25:39 – 28:44 Bus tours and personal tours.
28:44 – 31:44 Process of purchasing a property.
31:44 – 33:54 Ordering process.
33:54 – 36:36 Typical property type
Wayne Sheaffer and his partner Tom Olson run a massive real estate company in Indiana where they are literally doing a deal a day. They run an office with around 30 employees and are wholesaling houses, flipping houses, and doing rent to own. They have a special program which they call their ATK, active turn-key, or houses that they have learned to maximize and profit on with every step of the sale of a house. They are primarily wholesaling houses and are doing so virtually in multiple markets. In order to wholesale this many houses, they put in a total of over 150,000 offers in 2016.
Wayne has been a part of thousands of real estate deals and is an inspiration to us all. We had an honest and real conversation. He shared his success story, with all ups and downs that occurred in his entrepreneurial path.
Grate talk, enjoy it!
Good Success – www.goodsuccess.com
Show Notes:
00:00- 02:18 Introduction
02:18 – 06:41 Wayne’s story
- Learn from your mistakes
- All you got to do is to get up one more time than you get knocked down
06:41 – 08:50 Main mistakes that people make
08:50 – 13:47 How Wayne partnered with Tom Olson and how they organize their business?
13:47 – 18:56 Wayne’s turn-key process
- Buy houses where no one else is buying
- Work hard and be persistent
18:56 – 20:46 Virtual wholesaling
20:46 – 27:21 How Wayne grew his business?
27:21 – 32:01 Company organization
- Track your activity
32:01 – 39:25 Good Success
- Belief event
- Mastermind event
39:25 – 45:12 Peaces of advice for new investors
- Find a mentor
Kim Stallings from Heritage Risk Advisors shares with us all the ins and outs of the insurance business as it pertains to real estate investors. We go over vacant dwelling policies, builder's risk policies, and landlord tenant policies. We cover what happens in case of water damage or other catastrophic damage to your properties that you work so hard to get. Insurance for real estate investors is very important and understanding which policy to have in place at which time is very important and an expert like Kim is a great addition to your team.
Kim Stallings – 940-367-9740
kim@heritageriskadvisors.com
Heritage Risk Advisors - www.heritagerisk.com
Show Notes:
00:00 – 01:25 Introduction
01:25 – 03:03 What Kim does as an insurance agent?
03:03 – 06:50 Why individual cannot insure property just for a loan amount, but only for a purchase price or a market value?
- Coinsurance penalties
06:50 – 12:01 Water damages
12:01 – 18:20 Admitted insurance vs. Nonadmitted insurance
18:20 – 20:54 Builders Risk Policy
20:54 – 24:08 Vacant Dwelling Policy
- vandalism vs. theft
24:08 – 26:15 Switching policies
26:15 – 29:16 Best way to choose policy?
29:16 – 30:50 Ability to extend policy
30:50 – 33:53 Renters insurance
33:53 – 36:49 Different prices for the same properties
36:49 – 39:11 Replacement costs
39:11 – 42:20 How insurance companies form their premium price?
42:20 – 44:28 Kim’s contact information
Major Hillard is a mobile home park buying investor and is buying mobile homes. He is an experienced entrepreneur and investor from Virginia and is buying both single wide and double wide mobile homes and has now been buying full mobile home parks in multiple markets. Major discusses the pros and cons of buying mobile homes and mobile home parks and he goes over how he structures and finances these mobile home deals. Major is also a coach and trainer to mobile home investors and is looking to partner on deals all around the country.
MH Estates, LLC - www.mhestatesllc.com
804-629-1700
Show Notes:
00:00 – 01:25 Introduction
01:25 – 03:40 What Major does and how he started?
03:40 – 09:33 Mobile home parks vs. mobile homes on their own land?
09:33 – 17:30 Installment sale. The main strategy for single unit mobile home.
- Get your original investment out as quick as possible; you want to cash yourself out!
- Do not do carpet!
- Do not rent your properties, use installment sales.
17:30 – 20:40 Why mobile homes are a good investment?
20:40 – 32:26 Price points and evaluation?
- Talk to park manager
- Watch for parks that allow investors
32:26 – 35:30 What to do once you buy a mobile home?
- Look for return of 2,5 to 3 times of your initial investment
- Down payment higher than 20%
35:30 – 48:15 Majors first mobile home park. The Process of buying the park.
48:15 – 61:20 How to scale up?
- Ask – What is the situation, how can I help?
61:20 – 68:00 How to contact Major?
Gary Harper is a business system master and turns around businesses for real estate investors as well as scales already successful companies to the next level. Gary was an executive in a fortune 500 company and became certified in Six Sigma. He is also a trained EOS implementer and a certified John Maxwell coach. This is a great episode and you can learn a lot from Gary Harper on how to structure your business for growth and how to think correctly about business systems.
Gary Harper – gharper@sharperprocess.com
Good Success - www.goodsuccess.com
Sharper Process - www.sharperprocess.com
Show Notes:
00:00 – 01:30 Introduction
01:30 – 05:08 Garys background, and how he got connected with Wayne Shaffer and Tom Olson and created Good Success.
05:08 – 07:11 Mastermind Events
07:11 – 11:25 What is Six Sigma?
- Focus on core processes, typically in real estate world there are 6 to 10 core processes
11:25 – 15:50 Benefits of hiring virtual assistance
15:50 – 22:36 What is EOS in comparison with Six Sigma?
- Entrepreneur Operating Systems
- Six key components of a business: vision, data, people, issues, process and traction (goals and meeting within your business)
- Good business system allows you to have right vision in your business
22:36 – 25:42 Scaling properly
- Surviving, thriving, metering
25:42 – 28:08 John Maxwell teachings
28:08 – 31:53 Implementing business system and process management
31:53 – 34:28 Biggest blocks that hold people back
34:28 – 38:02 Contact information
Mobile Home Expert Glenn Stromberg goes into detail and shares his knowledge and wisdom of the mobile home business which he started in back in 1982. Glen was a top sales manager for a mobile home dealership, he was owned a mobile home park, bought and sold a large number of mobile homes, and he currently has his focus on targeting Double Wide Mobile Homes on land. Glen works closely with his partner Dr. David Phelps and the Freedom Founders group allowing Dentists to quit and sell their practice and go into real estate investing full time. Glen is a coach and trainer to mobile home investors and can also help with aligning insurance and property management for your property. Glen is one of the most knowledgeable individuals today when it comes to investing in mobile homes and is a good guy to get to know if this of interest to you.
Glenn Stromberg – 817-966-1258
glenn@stromberginvestmentgroup.com
Stromberg Investment Group – www.stromberginvestmentgroup.com
Show Notes:
00:00 – 02:05 Introduction
02:05 – 04:33 How Glenn Started with mobile home investing
04:33 – 07:07 Long term notes. Two strategies that Glenn currently uses:
- Passive investor
- Turn key model
07:07 – 09:30 Freedom Funders Master Mind Group
09:30 – 11:22 How Glenn sources deals?
11:22 – 13:53 What is determination whether property is real property vs. personal property?
13:53 – 15:35 Price points
15:35 – 16:32 Why are mobile homes a good investment?
- Look for a good property in a good area
16:32 – 18:35 Do not buy property for a motor home that you got for a small amount of money but without the land.
18:35 – 21:15 How to choose a location for a mobile home? Preferable age for a mobile home.
21:15 – 21:55 Typical rental price.
21:55 – 25:30 Fix and flip deals
25:30 – 26:28 How to analyze deal?
26:28 – 27:52 Property management company
27:52 – 28:25 Quest IRA event
28:25 – 30:15 Glenns training program
30:15 – 34:42 Mobile home parks investing
34:42 – 33:20 Insurance and license
33:20 – 37:42 Owner financing. Seller financing.
37:42 – 48:55 Ownership of mobile home park
48:55 – 41:55 Contact information
Ron Carlson is the owner of Renovation Gurus, company that has been involved in hundreds of real estate transactions in one way or another and has analyzed thousands upon thousands of properties. They first started working with investors helping them capture large portions of equity in real estate.
Now it seems they are doing it all, doing over 30 rehabs a month. They have exploded on the scene and are helping investors with contracting work and contractors over the past 3-4 years.
One of the biggest headaches a new investor has is working with contractors. Well all investors have problems working with contractors and in today episode Ron shares his expert advice on how to deal with working with contractors the right way.
Ron Carlson - Ron@RenovationGurus.com
Renovation Gurus - www.renovationgurus.com
817-566-4346
Show Notes:
00:00 – 01:30 Introduction
01:30 – 07:15 The best way to handle payment structure when working with a general contractor?
- What kind of payment they accept
- Two separate categories: general contractor and subcontractor
- Have a clear agreement of what will you going to get, then you can pay them
07:15 – 10:12 How much is a good amount to give them to start a project, do you pay for materials up front?
- Have insurance
- Pay as little as possible up front
10:12 – 13:15 Insurance and licensed contractors
13:15 – 15:44 Illegal workers
15:44 -20:15 Requirements when you hire GC?
- Look for red flags
- What kind of tools does contractor have?
20:15 – 26:36 How to handle subcontractors that did not get paid by the general contractor that you have a deal with?
- How to deal with lien
26:36 – 29:18 How to handle a situation in which your property is damaged?
29:18 – 33:10 Keeping your crew around and keeping your workers happy.
33:10 – 35:36 How to deal with competitors?
35:36 – 41:23 Workers on salary? Problems with workers.
41:23 – 47:20 Change orders
- Treat it like completely separate bid
47:20 – 52:21 Know your bid fast
52:21 – 55:03 Contact information
We have an absolutely amazing guest today, Daniil Kleyman is someone that I personally look up to. He is a world traveler, as well as well known world class real estate investor, entrepreneur and businessman. Daniil started as a real estate investor, he transited in development, however, he is well known as a software developer and his platform Rehab Valuator. All mentioned Daniil manage to built after 2008. economic crisis when he decided to leave Wall Street and start his own business.
He is well-known in the Virginia area for growing a rental portfolio extremely fast and creating massive cash flow. He can easily be known as the cash flow king of the area.
Daniil is now building and developing single family and commercial properties all over Richmond. He is an expert real estate investor and a high-level entrepreneur and someone who everyone needs to follow.
Daniil Kleyman - daniil@rehabvaluator.com
GET FREE VERSION OF "REHABVALUATOR" BELOW....
https://tvallc.isrefer.com/go/RehabLi...
Show Notes:
00:00 – 02:10 Introduction
02:10 – 08:44 Daniils transition from Wall Street world to Real Estate
08:44 – 11:30 Areas that Daniil prefer in Richmond, Virginia and way he grew real estate business
11:30 – 14:25 Loans that Daniils use for his properties
- Local community banks
- Debt coverage, debt income ratio
14:25 – 20:25 Rehab Valuator
- Benefits of using Rehab Valuator
20:25 – 24:28 Danills transition into development
24:28 – 29:35 Transition hardships, from rehabber to developer
29:35 – 35:00 Hiring property manager
35:00 – 39:05 What is next for Daniil Kleyman?
- Grow organically
39:05 – 40:45 Joint ventures
40:45 – 42:45 Main advice for new investors
42:45 – 45:58 Contact information
In this episode, we interview an amazing individual who has accomplished more than most people would ever have dreamed of doing. He has bought and sold thousands of houses.
Walter Wofford out of Jackson, he is someone who I look up to and learn from. He has a unique way of owner financing houses where he creates two notes and sell's the first note.
We go over owner financing the Jackson way in this podcast as well as talk about AirBnB and what Walter is doing for big cash flow down town.
He is also a co-founder of Financial Friends Network together with H. Quincey Long. Walter and Quincy organize the best cruise networking events, where you can meet investors just like you doing amazing deals while connecting with the right people and gain high-level education and training.
Walter Wofford 601-594-8300
walterwofford@gmail.com
Financial Friends Network www.financialfriendsnetwork.com
Show Notes:
00:00 – 02:05 Introduction
02:05 – 06:19 Deals in Jackson
06:19 – 08:59 Homeownership Wofford model
08:59 – 13:32 Forming a sale price for a property
- Interest rates
13:32 – 17:17 How to grow and self-direct your IRA?
- Two note model
17:17 – 19:11 Why is good to have someone beside you in the second position?
19:11 – 21:29 Inherited IRA
21:29 – 29:30 AirBnB
- AirBnB property management
- Screening process and rating
29:30 – 31:16 Out of state buyer and property management companies
31:16 – 33:05 Grow your army
33:05 – 39:32 Financial Friends Network
- Networking and events
39:16 – 41:53 Walters contact information
Steve has been purchasing properties from satisfied clients since 2010. He provides home owners with relief and or satisfaction by purchasing problematic properties that are either outdated, in need of repair or financially challenged. Steve enjoys bringing properties back to life utilizing contemporary modern upgrades and designs that appeals to today’s home buyer.
Prior to real estate Steve was employed within various large organizations. He specialized in helping companies improve operations as well as the workplace environment. He created opportunities that led to job growth and stability within the operations assigned to him.
Steve is committed to helping others and is committed to doing so within the house buying business!
Elvis Buys Houses – www.elvisbuyshouses.com
Steve Labus - 877-70-Elvis
steve@elvisbuyshouses.com
Show Notes
00:00 – 04:42 Introduction and Steves background
04:42 – 09:17 How Steve started out?
- Building relationships
09:17 – 16:35 Dealing with contractors.
- General Contractors Work
16:35 – 19:56 Example of good flip
- Go and look for properties
19:56 – 23:41 Average type of deals in Dallas area
23:41 – 26:40 Advices on funding your deals
- REI Clubs
26:40 – 32:06 Things that you need to focus on to add value to your property
32:06 – 33:37 Current trends
33:37 – 41:35 Biggest rehabbing risks for a new investor
- Know your numbers
- You got to buy right!
41:35 – 48:47 Steves plan for 2017.
- Flip Houses for Profit
Brantley Gunn is a young entrepreneur from Jackson, Mississippi. He started his business when he was 22, after graduating collage and he is on right way to achieving his business and financial goals. He is honest and hard working person and he is branching in all areas of the industry. In this episode we mostly cover AirBnB rentals, as Brantley focuses on that branch at the moment. We also cover topics of owner financing and master leasing.
This episode will bring you a lot of value and inspiration, especially if you are a young person that wants to start your own entrepreneurial path. Brantley shared a lot of new and valuable information, so make yourself comfortable and enjoy while listening to this episode.
Brantley Gunn – brantleygunn@gmail.com
Facebook – https://www.facebook.com/brantleygunn
Show Notes: 00:00 - 01:35 Introduction
01:35 – 07:15 How Brantley started his business and obstacles that he had to overcome.
07:15 – 10:11 Growing business.
10:11 – 13:42 Transactional deal flow and cash flow. Brantley's strategies.
- Unlisted REO
- Wholesaling
- Fix and flip
- Rentals
- Mini houses for AirBnB
13:42 – 17:55 Zoning issues. AirBnB rentals.
17:55 – 19:45 Logistical issues with AirBnB.
19:45 – 22:55 Calculating price for AirBnB.
22:55 – 25:16 Reviews and process of renting a house on AirBnB.
25:16 – 29:57 Safety procedures.
- Cancellation policy
- Damaging property
29:57 – 37:13 Owner financing and financing deals without your own money.
- Notes
37:13 – 40:46 Breaking down the numbers for Brantleys house.
40:46 – 43:53 Master leasing.
43:53 – 45:34 Contact information
Show Notes - Gemma Hobbs
Description: Our today guest, Gemma Hobbs, owns her staging company, Modern Design Staging, and Styling. By combining residential real estate with professional home staging Gemma is able to get clients the most money for their home in the shortest amount of time! Modern architecture is her favorite but she works with all styles of homes. She has 19 years experience in the RE industry, Gemma has a warehouse of staging inventory and she is VP of the Dallas RESA (Real Estate Staging Association).
If you are working with higher end properties this is a must to make sure the buyer gets the vision of how the property could look as their home. When you have more expensive houses your carrying costs are more expensive and the faster you sell your house the more profit you will make.
Gemma Hobbs – 817-825-5599
Modern Design Staging and Styling - www.moderndesignstaging.com
Show Notes:
00:00 - 01:20 Introduction
01:20 - 02:10 Gemmas business. stagings houses for investors.
02:10 - 05:57 Staging process.
- Pricing
- You need to stage key rooms
- You have the option to put just accessories in a house if your budget is tight.
- Professional pictures
05:57 - 07:07 What happened if 60 days of staging period passes and the house is still on the
sale?
07:07 - 09:20 Creating a look and a story with furniture.
09:20 - 10:18 Color schemes
10:18 - 12:21 How long does it take to order staging process and get furniture to the house?
12:21 - 14:22 Weird layouts on properties and how to deal with that?
14:22 - 15:43 Does Gemma sell furniture if people want to boy staged house whit it?
15:43 - 17:07 Listings
17:07 - 20:09 Gemmas contact information and process of arranging work with her.
Gavin is an entrepreneur that is also a realtor and real estate investor. He teaches real estate investing and have also started a multimillion dollar business around his full time job. Gavin founded and ran a non profit (501c3) organization for 13 years and have helped numerous other organizations get started.
In this episode we discuss do you need real estate license. Gavin has perspective from both sides and evaluate the benefit of each argument. We also discuss real estate strategies and the future of the real estate market.
Gavin Welch - gavin@thereloopy.com
The Real Estate Loop - www.thereloop.com
Podcast - https://itunes.apple.com/us/podcast/the-real-estate-loop/id837254118?mt=2
Show Notes:
00:00 – 01:30 Introduction
01:30 – 04:35 Gavin’s business path. His thoughts on getting license.
04:35 – 05:25 Is it more competitive trying to get a listing or is it harder to find motivated seller?
05:25 – 06:40 Build relationships
06:40 – 08:00 Wholesaling
08:00 – 10:45 Gavin’s strategy, networking.
10:45 – 11:50 In house crews. Have them full time on salary?
11:50 – 13:20 Flipping houses. Properties management companies.
13:20 – 14:22 How does he organize his brokerage?
14:22 – 15:23 Biggest advantages of having your license and disadvantages.
15:40 – 20:53 ”Fake” MLS companies. Fat feed listings.
20:53 – 24:24 Real estate commission loans. Trends changing on the market.
24:24 – 31:26 Take professional photos.
31:26 – 37:01 Gavin’s podcast and contact.
In this episode, Jim Ingersoll and I discuss rehabbing in today's market and why it could be the best strategy going. Jim is a mentor of mine, real estate author, coach, and entrepreneur. As a very practical man, he shares a ton of valuable information in this episode. We go over a large range of topics dealing with today's market and what's working.
Big Money Real Estate Investor Blog - www.bigmoneyinvestor.com
Show Notes:
00:00 – 01:25 Introduction
01:25 – 03:15 Why is Jim mainly focused on rehabbing at the moment?
03:15 – 05:30 Escalator clause
05:30 – 09:25 Jims system for rehabbing
- You want speed, quality, and cost!
- Process of paying contractors
09:25 – 11:50 Payment system
11:50 – 14:50 Forming deals with constructor
- Change order
14:50 – 17:25 How to decide which design to use for properties?
- Colors, lights, flooring.
- Price points
17:25 – 20:55 Realistic expectation as far as profit that you can make and timeline for renovation.
20:55 – 24:35 Example of good rehab and motivation for getting in the bossiness.
- Flipping is a great way to go.
24:35 – 28:05 Advice for young real estate agents.
On this episode we have Joe Boston, extraordinary individual, who leads the Dallas Real Estate Investor Group, which will here soon be the largest REI club in North Texas.
DallasREIG is designed to provide the real estate community with a warehouse of educational materials along with knowledge gained through hands-on learning that will help you, the real estate investor, get started or take your real estate investing business to the next level of success.
Joe gives a unique perspective from being one of the few successful club owner's and shares what it is like from his shoes, talk's about his massive portfolio of rentals he built, and dig's in some on his new development program that is now underway.
Joe is truly one of the best and listening to him is always new opportunity to learn!
Joe Boston - 817-477-3222
Dallas REIG - www.dallasreig.com
Show Notes:
00:00 – 01:32 Introduction
01:32 – 17:00 Joes rise in real estate and business philosophy.
- Work!
- Strategy: acquisition, cash flow and transition.
- Raise to 10.
- Portfolio will give you access to funds.
17:00 – 29:22 REI Club
29:22 – 36:50 How to start your own club?
- Have work ethic.
- Be patient.
- Have will to do good for community.
- Know your craft!
- Have your facility.
36:50 - 44:17 What is good strategy to approach REI lieder?
- Provide value
- Volunteer
44:17 – 52:50 Bits of wisdom from Joe.
- Have an opened mind when you are approaching real estate investing as a career.
- Treat it like you do not have any money.
- Raise to 10!
- Learn every day! By attracting talent you become talented.
- Be aggressively patient.
- Give yourself timeline.
- You need to read!
52:50 – 66:04 Qualities that those who make it have.
- Work, read, collaborate and apply it!
- Be willing to invest effort, time and consistency with a will to succeed.
- It is always fundamentals that will make you successful, it is not rocket science.
On this episode Robyn Jackson, note buying expert and note broker, shares a ton of great information on how to work the note business. Robyn runs Bearcat Capital in the Dallas/Fort Worth market.
BearCat Capital is a real estate firm specializing in the buying and selling of 1st and 2nd liens, REO’s, manufacturing notes, and building wealth through self-directed IRA’s (SDIRA). 100% of their daily focus is working with homeowners, real estate investors, and financial friends who are looking for a company who can assist them in achieving their real estate goals.
If you have any questions on anything to do with the note buying business contacting Robyn Jackson would be a smart idea.
BearCat Capital - www.bearcatcapital.com
Show Notes:
00:00 - 01:30 Introduction
01:30 - 02:24 What a note is?
02:24 - 04:55 Difference between performing and non-performing note.
- Re-performing notes
04:55 - 08:00 Why would someone buy non performing notes?
- How do you get non performing note performing?
- Foreclosing and selling with owner financing.
08:00 - 09:01 How to make a deal with tenant buyers?
- Find out what the story is?
09:01 - 11:00 How do you source non performing notes, where do you need to look?
11:00 - 12:40 Strategy for finding and buying notes nationwide?
- Look at return.
12:40 - 18:01 How to structure notes. Relationship between note sellers and note buyers.
18:01 - 21:30 Residential Mortgage Loan and Loan Servicing Companies.
21:30 - 24:15 Joint venturing with notes.
24:15 - 25:22 How you can work with Robyn?
25:22 - 27:41 How to set terms for note to make it best for selling?
27:41 - 28:28 Pricing notes
28:28 - 30:10 Mobile home notes
30:10 - 32:54 Business in small towns
32:54 – 37:59 Advices from Robyn
How to get long term money?
Arnie Abramson began buying tax sale properties in 1992. For many years afterwards he was a buyer, seller, landlord, and teacher/speaker on all phases of real estate investing primarily in the Dallas-Fort Worth Metroplex and surrounding areas.
Arnie is an expert in the North Texas Market when it comes to buying at the auction. He shares years of wisdom in this episode to help you understand the entire auction buying process from start to finish. He goes over the pre-auction process, auction process, and post-auction process and how to exit deals. Arnie goes over all those specific little details we need to know when buying at the auction and how to do it safely and profitably.
He is kind and wise men, who shares his knowledge with whole heart. You will definitely enjoy while listening to this episode.
Arnie Abramson - arnie@txtaxsales.com
903-776-2929
Texas Tax Sales Resource Group LLC - www.txtaxsales.com
Show Notes:
00:00 – 02:40 Introduction
02:40- 10:00 How Arnie started and how he got into auction process?
- Auctioning is not easy.
- You have to go where deals are!
10:00 – 15:20 Auction process, step by step.
- To which county you want to go? Which counties are having a sale?
- Find a list of properties that are available to sale in your chosen county.
- Visit properties that you have chosen.
- Go through your numbers.
15:20 – 18:05 Process of financing properties.
- It must be on the day of auction.
- Every county is different.
18:05 – 23:10 Title issues and deed transfer.
23:10 – 28:20 What are you allowed to do with property before you get title?
28:20 – 29:40 Difference between tax lien state and tax deed state.
29:40 – 32:56 Process of viewing the property?
32:56 – 35:42 What is typically winning bid on the property.
35:42 – 38:18 Arnies meetups.
- Course that Arnie offers.
38:18 – 43:15 How does the bidding process work ?
43:15 – 45:11 Is there any company that does transactional funding, does funding for auction buyers exists?
45:11 – 49:58 When is next market crash and how to prepare for it?
49:58 – 55:51 Properties in smaller towns.
If owner financing is a field of your interest this is the episode for you! Ian Flannigan is the founder of Freedom Investing Academy and co-founder of Golden Falls Properties, LP and at present manages 10-15 transactions per month leveraging debt on deals without utilizing any of his own money. He is an experienced wholesaler, rehabber, landlord, owner finance investor, and is now moving into development.
Ian is an accomplished entrepreneur, industry leader and homeowner advocate with a strong passion for helping people achieve their personal and business goals in the niche of Real Estate. Whether it be a personal residence, investment portfolio or liquidating a distressed property, Flannigan holds himself to the highest quality of service. Flannigan resides in Plano TX with his wife and has been a Dallas area resident since 1987. Having grown up all over the DFW metroplex, Flannigan has an intimate knowledge of many diverse communities the Dallas/Ft.
Ian Flannigan – 866-592-2429 Ext3
Freedom Investing Academy www.freedominvestingacademy.com
YouTube channel www.youtube.com/user/FreedomInvesting911
Free Training Session www.freedominvestingacademy.com/register4
Show Notes
00:00 – 02:58 Introduction
02:58 – 08:55 Few strategies that Ian is doing with owner financing.
- Seller carryback
- Take over sellers debt subject
- Straight raise private capital
- Focus on the spread
08:55 – 11:46 Ian’s approach to notes.
-
Be creative with notes
-
Pledging the notes
- Hold notes as long as possible
11:46 – 15:10 Structuring a deal with someone who has big down payment; however, they are not bank qualified.
15:10 – 20:30 Flip to Freedom event.
- You need to know how to run numbers!
20:30 – 23:20 Ian’s move to development area.
23:20 – 28:28 Build true relationships!
- Find the way to educate yourself!
28:28 – 36:07 How you can work with Ian?
- Quick Cash Mach Maker Program
36:07 - 39:15 What is more important building a buyers list or finding deals?
- Call people!
39:15 – 44:34 Psychology of negotiation.
CR Lending is a Dallas, TX hard money lending firm, established in 2012 by Brent Conrad. They have remained successful in both good and bad markets and also through the great recession. A very big part of that success is treating clients on a personal one-on-one basis with Brent or Tara always in communication with them from the beginning through the end of the loan process. Brent understands that each home / project is very important to the borrower. “I want my customer to know that I understand how difficult it may be for them, and when they call they will always get us on the phone.”
If you are thinking of getting a hard money loan to rehab a house you have to listen to this episode. Brent Conrad is quickly becoming to go to guy in Dallas Fort Worth for most rehabbers who are needing a hard money loan.
Brent's ability to do what he said he would do when he said he would do it distinguished him quickly in this competitive market. Many hard money lenders fail to close or are not investor friendly yet their business is made up from working with investors. Brent has an investor friendly mindset which is why he is so successful.
In this episode we go over anything and everything you need to know about getting a hard money loan.
Brent Conrad - 214-912-5539
info@crpink.com
CR Landing www.crland.com
Show Notes
00:00 – 02:02 Introduction
02:02 – 5:35 How Brent became hard money lender?
05:35 – 12:44 Process of getting the loan.
- What do you need to provide?
- Points on front and back end, and structure of fees.
12:44 – 16:40 Payment structure once you are in the loan.
16:40 – 19:37 How far does Brent’s company branch trough DFW?
19:37 – 23:43 How Brent approaches situation with comps.
23:43 - 27:50 Process after you get the loan.
- 50\50 split
- 80\20 split
27:50 – 29:25 Brief talk about the EXPO.
29:25 – 31:42 Brent’s contact information.
Cash flowing rental properties are what we are all after. If you buy enough quality rentals you will never have to work again and that is the goal. If you work for passive income or cash flow and not a check or a job you will change your life just like Cindy did. Cindy is on a quest to buy 100 rental houses in Jackson, MS in less than 5 years and is well on pace to do it because she bought over 30 rentals last year alone in her second year in the business.
Cindy has a great story and is an inspiration to many who are looking to be landlords and successful real estate investors. To buy over 30 rent houses in a career for most people would be enough but she did it in a year. She is already financially free from the cash flow or passive income from these rental houses
Cindy Crane – 601-506-6649
Financial Friends Network - www.financialfriendsnetwork.com
Notes
00:00 - 01:16 Introduction
01:16 – 06:28 How Cindy got into the real estate world and a little bit of her background story.
- Advice on getting a mentor.
06:28 – 08:29 Opportunities on the Jacksons market.
08:29 – 12:20 How Cindy started from financial perspective and how does she finance her deals now.
- Bypass wholesaling stage.
- Network with people!
12:20 – 15:00 How Cindy took over Jackson and built a massive portfolio?
- Debt-based financing
- Joint ventures
15:00 – 16:55 Ways to find good deals.
16:55 – 20:51 Realistic expectations for business growth.
- Do not compare yourself with others!
20:51 – 25:41 Experience with contractors.
25:41 – 28:26 Property management companies.
28:26 – 33:43 Advice on starting a business.
Show Notes H. Quincy Long
Description: H. Quincy Long is the president and founder of Quest IRA, one of the fastest growing IRA companies in the country. He is also a co-founder of Financial Friends Network together with Walter Wofford. Quincy and Walter organise the best cruise networking events, where you can meet investors just like you doing amazing deals while connecting with the right people and gain high-level education and training.
Quincy educates people to take control of their retirement assets and invest in what they know best, whether that is real estate, notes, options, limited liability companies, limited partnerships, private corporate stock, joint ventures, precious metals, or a myriad of other choices.
With brokerage style retirement accounts advisors want you to avoid “thinking outside the box,” meaning their narrowly defined investment box containing stocks, bonds, mutual funds and annuities. At Quest they teach you that “you don’t have to think outside the box, you just have to realize that the box is bigger than you think.”
If you ever wanted to invest out of your IRA, this is the episode for you!
Quest IRA - www.questira.com
Facebook - www.facebook.com/QuestIRA
- Quincy Long – 855-386-4727
Quincy@QuestIRA.com
Financial Friends Network - www.financialfriendsnetwork.com
Notes
00:00 - 1:30 Introduction
1:30 – 3:40 What is the IRA?
- The difference between Traditional and Roth IRA.
3:40 – 11:45 Main reasons someone would benefit working with IRA compared with the normal type of investment?
- Contribution amount and growing IRA from a small amount.
- Joint venture
- Death finance deals
- Your IRA can own a business!
11:45 – 17:42 What happens if you do prohibited transaction?
- Penalties
- Learnt the rules!
17:35 – 20:28 Financial Friends Network
20:21 – 30:35 Main prohibited transactions.
30:36 – 41:00 How do you grow a small IRA account? The best strategy for someone who wants to grow small IRA.
-
Your IRA is separate legal person from you.
-
Plan everything wisely!
40:30 – 42:05 Benefits of HSA.
Holly is a high-end rehabber in the Southern California market and transitioned from being a CPA to a rehab investor with buying houses at the auction. When the hedge funds moved in and this lead generation technique dried up she had to find a new way to create deal flow. Holly was able to figure our how to become an expert at referral marketing which is one of the best ways to not just find deals but to find the big ones. Our goal as an investor is to find really big deals and that’s what referral marketing can do for you. Holly shares with us where and how she is able to do this strategy and this is a great episode for anyone with a small marketing budget trying to get their first deal done.
0:00 – 4:50 Shares her background as a CPA and how she transitioned into being a top Sothern California rehabber buying at the auction and then moved her business into networking.
4:51 – 8:27 How Holly finds her deals when networking and getting referral marketing leads.
8:28 – 11:21 Networking at Business Networking Events with individuals outside of real estate to increase your chance of getting quality referral leads
11:22 - 16:34 How she finds these referral leads networking with realtors and the power of an introduction. How she compensates these agents and increases her odds of closing the deal.
16:35 - 22:10 What a flat listing is and how to give up front end commissions to gain bigger back end profits.
22:11 – 25:31 How to raise money, find workers, and deals at networking events outside of real estate.
25:32 – End How to contact Holly and learn from her on how to do the business without getting taken advantage of.
Mike Gunn is a highly successful tax lien expert and shares 20+ years of experience of buying at the auction and how he built his Mississippi empire. This is one of the best interviews we have had yet and as a real estate investor you need to listen to this episode and see how Mike wins the tax lien properties and uses creative financing strategies to create real lasting wealth allowing him and his family to be financially FREE. Tax liens are something not many real estate investors know about and Mike does an amazing job explaining the whole process on how to research them, buy them, and handle the whole process from start to finish.
He share how you can wholesale, rent, owner finance, and even rehab these tax lien properties for big profits. His alleviates a bunch of the fears many investors will have in buying tax liens and breaks it down just about as good as anyone on how to be successful in real estate with this strategy.
0:00 – 6:45 Introduction to Mike and he shares how he struggled early in business and how he found his way into Tax Liens and gained redemption and changed his life
6:46 – 10:23 The difference between Tax Lien and Tax Deed States
10:24 – 13:01 The benefits and power of tax liens and why it is profitable
13:02 – 17:30 How the redemption period and controlling the property during this time period works standing in the shoes as an investor
17:14 – 23:21 How to buy tax liens in your IRA and grow your IRA quickly and how the tax sale works in Mississippi and what type of liens Mike buys….
23:22 - 26:38 Preparing for the sale and running title and prepping to go to auction….
26:39 – 33:02 The auction process and how it goes down….checking title issues…..suing for judicial confirmation for winning properties in dispute
33:03 – 38:24 Exit strategies to create wealth after winning the properties at the Tax sale
38:25 - How Competitive is it buying tax liens….
Taylor Weakley is an incredible young man. He grew up around the business and he works in partnership with his dad, Terry Weakley, who is in business for over 35 years now. Primarily, they are hard money lenders. They do investment loans around Metroplex, they have rentals and do new constructions, buy wholesale deals and seal wholesale deals. They are really multidimensional with business, with them is not just one small way. They are based in Fort Worth Texas, but they work entire Dallas, Metroplex as well as Austin.
Real estate is in Taylors blood, he enjoys it and he is very passionate about it! He is making a big name for himself. He is a classy young man, every time I meet him I am impressed.
Tailor does not charge for his advice and he is always open for collaboration. His phone is available 24 hours a day, so feel free to call him, send him an email, or go to his website and fill loan application if you are interested in working with him.
Tailor Weakley – 817-939-9436
taylorweakley@yahoo.com
http://www.emeralddolphinenterprises.com/
Show Notes
00:00 – 04:45 Introduction. Taylor speaks a little bit about his background and how he started the business.
04:45 – 07:45 Tailors take on the current situation on the market.
- You need to get out there and you need to be fast!
07:45 – 13:20 Decision-making process and cost estimation.
- You have to be able to make a decision!
- The best deals are done in 30 minutes!
13:20 – 25:58 Power of having cheap capital when it comes to competing agents properties in a highly competitive market.
- You got to have multiple avenues to money available.
- Knowing that you have access to funds is really important.
- Look every single email that wholesalers send out!
- Find out which wholesalers in the market are doing a lot of joined venture wholesaling.
- Being able to close the deal quickly gives you a huge advantage.
25:58 – 34:34 Know your market.
- Recognise real deal!
- Have multiple avenues of leads coming in, from all different directions.
- When you shake a hand mean what you said. Reputation is really important.
34:34 – 41:10 Question numbers that wholesale marketers put on flyers, analyse each one.
- Estimate number of rehabs wisely and sell property quick!
41:10 – 42:38 You got to be available, you got to have the money together, you got to be able to make a decision, those are three key things when you are looking a wholesale deal.
42:38 – 52:12 How to approach negotiation with wholesaler and Taylors opinion about safety on market.
52:12 Taylor shares his contact information.
Amy Sayre runs one of the fastest growing loan servicing companies in the countries. Loan servicing is a vital part in the process for owner finance investor's as far as keep there time management under control and being able to produce a quality less risk note for sale to the back end note buyer.
They handle taking in the payments and collections, the organization of the loan info, and anything and everything in between. A good loan servicer like August REI will do everything that you don't have the time to do and make sure it is all kept organized and efficient.
A great Loan servicer well help you grow your business which is what everyone is looking to do.
For More Resources And Opportunities To Take Your Business To The Next Level Go To……
Contact Amy:
Amy Sayre
August REI LLC
PO Box 496644
Garland, TX. 75049
Phone 972-767-9219
Phone 844-286-1145
Fax# 888-475-4103
NMLS#1446400
Show Notes:
0:00 – 3:58 Amy introduces herself and why and how she got into building her loan servicing company…
3:59 – 6:58 Amy breaks down the loan servicing process and benefits which are many
6:59 – 12:59 Collections and what happens if payments are not made and August REI collection process
13:00 – 19: 57 How she can help with the selling of a note and preparing a note for sale….
19:58 – 23:11 What are most investors doing when working with August REI as far as exit strategies….
23:12 – 25:32 Wrap mortgages and creating cash flow…..
25:33 – 28:38 Selling and keeping partials notes for higher yields
28:39 – 32:21 Due on sale clause and should you worry about this
32:22 – 34:45 What happens if I make a payment and the seller doesn’t pay the bank
34:46 – END What happens if someone passes away to the loan
John Hyre is an incredible individual and one of the smartest and most talented IRA attorneys in the country and if I ever have a problem is who I will personally use to represent me. John can do just about anything you need from entity set up and asset protection all the way to taxes, IRAs, and 401ks for investors.
What makes John so valuable to an investor is he is an investor himself and is very successful with the real estate investing he does on his own. He owns a large number of doors including a mobile home park.
If you need any type of savings or retirement account or have in trouble with anything legal related with your real estate business John is a great attorney to call. He speaks periodically around the country and you can find out where he will be next by going to his website below.
John Hyre – 614 -440 - 0925
http://iralawyer.com/
Show Notes
0:00 - 3:19 John tells us the difference between a Roth or Traditional IRA
3:20 - 4:43 Comparing Solo 401K versus an IRA and why John likes 401K’s better…
4:44 - 6:51 Contribution amounts for IRAs and 401K
6:52 - 13:58 John discusses the power of an inherited Roth IRA and how to grow an IRA and can you wholesale houses inside of the IRA
13:59: 16:56 Rehabbing houses and how to get the funding and do it correctly and safely in your IRA
16:57 - 23:04 Disqualified individuals and doing prohibited transactions and how to say safe
23:05 – 28:05 How to get a loan on a rental inside your IRA and can you do this with a bank?
28:06 – 30:05 John shares where you can come see him speak and meet him or how you can contact him.
30:06 – 32:04 The power of a health savings account
32:05 – 36:01 Does having multiple IRAs create too much attention from the IRS
Patrick Livingston is an investor in Dallas, TX and has been a full-time appraiser as well for over a decade. As an investor when we are flipping or rehabbing houses one of the most important parts of the whole process is the time when we have our final appraisal.
If the house does not appraise for our asking or sales prices the bank will not lend on this house. It is rare for us as investors to get to see things from the perspective of an appraiser so in todays interview you will get to hear Patrick explain the process of appraising houses for real estate investors.
Patrick Livingston Contact Details
Company: Snipper Residential Appraisal
Email: sniperappraisal@gmail.com
Phone: 214-995-3093
Show Notes
0:00 – 2:01 Patrick introduces himself and his background as a long term appraiser…
2:02 – 3:25 Dodd Frank rules and how it affects appraisals post 2007 crash
3:26 – 4:35 The difference between an appraisal and an inspection….
4:36 – 7:30 FHA vs VA loan requirements you have to meet….discusses lead based paint
7:31 – 11:18 The risk of having a house coming in appraised for under what you hoped for….how an appraiser looks at comps
11:19 – 14:47 How much do you tell the appraiser do you share the repairs with appraiser or not….
14:48 – 17:15 Why there is a difference between what your agent tells you a house is worth and what the appraiser says it is worth
17:16 – 24:40 The fear of investors not getting a full appraisal and disputing appraisals
24:41 – 29:15 Freddie and Fannie Mae Guidelines
29:16 – 34:04 Looking at comps values for houses that have garage conversions or additions…gross living area and how it is determined
34:05 – 36:37 What is external and functional obsolescence and how does this affect the value of the home…
36:38 – 41:17 Buying houses backing up to major roads does this affect the value?
41:18 – 45:21 What is GLA or gross living area and how do additions affect this?
45:22 – 46:21 What adds more value and extra bedroom or extra bathroom?
46:22 – 51:55 Curb appeal and valuing the outside of the house….how much does this affect appraisals?
51:56 – 53:49 why you cannot of a second appraisal on your FHA loan?
53:40 – 56:44 How to challenge the appraisal the right way?
56:47 – END How an appraiser measures the square footage of the house….
Jerri Ricci is an expert on subject to transactions...
Jerri Ricci is an investor out of Pittsburgh who has amassed a massive rental portfolio using creative financing techniques. He has been able to build his portfolio buying houses Subject To or buying with owner financing directly from the seller. He shares some in depth high level information on these strategies in today's video.
Contact Jerri Ricci
Email: jerricoreresponse@yahoo.com
Phone: 814 720 1625
Show Notes
0:00 - 3:50 Intro to Jerri Ricci a Subject To and owner finance expert from Pittsburgh and recovering from the big 2007 crash
3:51 - 5:02 How the worst events in our life can become our biggest blessings
5:03 – 9:15 Jerri tells a case study of a house he bought for $1,000 and his big profits
9:16 – 15:31 Jerri talks about owner financing and his strategies working in his market and specific case studies
15:32 – 18:32 Jerri goes over another great case study of his own house he lives in….
18:33 -20:48 Why buying houses right will help you survive if the market crashes
20:49 – 25:14 How he flipped a low end house and how he doubled his money
25:15 – 31:31 Jerri tells a story of one of his nightmare houses that got the whole city involved and how he got out of his headache
31:32 – 34:45 Jerri talks about buying houses in a land trust and taking care of everyone in the deal and doing non-recourse deals
34:46 – 41:23 Talking about Subject To deals with an expert and his wisdom on doing the correctly
41:23 - END How to reach and partner with an expert like Jerri
on deals
34:46 – 41:23 Talking about Subject To deals with an expert and his wisdom on doing the correctly
41:23 - END How to reach and partner with an expert like Jerri
Tom Olson and Wayne Sheaffer run multiple companies out of Schererville, IN and they are doing A DEAL A DAY.... They do a special unique strategy called Active Turn Key properties. We interview Tom Olson one of the biggest investor's in the country to find out how they are doing so many deals and the type mind set and thinking it takes to build a business like his. It is rare we get to see inside the world of a company that has grown so large and so fast. Not only do Tom and Wayne run a great company they are stand up guys and great people and are doing amazing things not just for their community locally but for the real estate community nationally allowing investors to come into their office and learn from them directly. 0:00 - 2:43 – Introducing Tom Olson and all his successful companies
2:44 - 5:45 - Tom talks about how they scaled their business and moved to the next level and how they grew
5:46 – 7:46 Tom shares wisdom on failing and moving forward and how to push through
7:47 - 9:33 Shares mindset and positive thought process of a successful investor and why to avoid comparison and expectation gaps
9:34 - 11:49 The core values and belief system at the office
11:50 – 15:35 Shares his Active Turn Key or ATK strategy they use in their business….
15:36 - 17:21 Talks about giving and the power of tithing and helping others
17:22 - 18:48 Introduces his podcast, Good Success, as well as his Belief events held live at their office….
18:49 - 20:23 Learning and growing your business by going to other investors offices…
20:24 - 23:31 Tom shares some of his current book list that we should all read
23:32 – 28:32 His goals of flipping an entire city and to give away a billion dollars…
Ashley Cash is a very successful business woman and real estate investor out of the Dallas-Fort Worth market in North Texas. She is a high-end rehabber, owner finance investor, and is known for her creative financing strategies.
She is able to structure deals where many real estate investors have to pass and this is why she is so successful. She is an expert at getting motivated seller’s to accept owner financing offers increasing her leverage and ability to do more deals with less money.
Ashley is a great person and a very talented real estate entrepreneur and everyone should listen to what she has to say about investing in real estate in today’s market in 2017.
Show Notes:
0:00 - 2:35 Introduction to Ashley and she talks about her rehabbing houses business and looking for deals and picking the right exit strategy
2:36 - 8:20 Why Ashley is pre-habbing houses more then rehabbing houses and how she makes the same amount of money doing so
8:21 - 9:31 Selling to investors versus retail buyers and foreign buyers
9:32 - 10:38 Ashley explains how to handle roofing claims to save money as an investor
10:39 - 15:21 Ashley talks about buying from the seller with owner financing and how she structures deals…..and how she leverages this strategy and makes money
15:22 - 20:30 How she makes offers and how she negotiates the seller financing deals she is doing and how building rapport creates her huge upside profit
20:31 – 23:19 Structuring the deals on over priced offers to help the seller and make a profit…
23:20 - 29:11 Ashley’s take on what she thinks the future of the market looks like and what she thinks will work in 2017 for finding deals…..
29:12 – 33:12 Ashley shares her last words of wisdom and gives her contact information in case you want to work with her…
Let me ask you something? Who do you think will get the deal if two people go into a house and both offer $100,000 and they are exactly the same in every way, twin’s you could say, but one has a website and an online presence and the other doesn’t even have a real estate website. I mean they don’t even have a real estate website??
When the homeowner looks them both up which they always do and find one is credible with testimonials all over online and the other is nowhere to be found there is your answer.
Trevor Mauch is the owner of a company called Investor Carrot which I am sure you have heard up by now and if you haven’t you have to watch today’s episode. He figured out SEO also called search engine optimization as a necessity for his own business and realized his real estate investor website’s could help a lot of people and they have.
We personally use Investor Carrot for our own company and have done so effectively for almost 3 years.
Trevor talks about real estate websites for today’s investor, mindset and self-development, and how he build his business and hired his employees.
if you are interested in finding out more about Investor Carrot, visit https://az122.isrefer.com/go/main/Connorcarrot/
Pete Tredwell – Big Profits in Secondary markets and the power of Pre-habbing Houses
Pete Tredwell a good friend of mine shares with you his move into secondary markets and how this not only increased his motivate seller deal flow but his net profit. He talks about how he prehab rehabs these houses and has been transitioning from rehabbing houses to prehabbing houses more in todays market.
Pete runs one of the fastest growing real estate investment companies in North Texas and shares a ton of great information on how be increased his income many times over using specific strategies like prehabbing houses in secondary markets.
Show Notes:
0:00- 3:-10 - Pete introduces himself and his background getting into real estate and his first deal…and how Pete and I did our first deal together
3:11 - 6:18 Why Pete switched to investing in Secondary Markets and how he found 4