Just Start Real Estate Archive 1

This episode I'm going to discuss the amount of information that is readily accessible to anyone with Internet access. The information age has ushered in some great things. Some unbelievable companies are being started every day. The Internet is packed with more and more information about every subject you can imagine. Sounds good doesn't it? Maybe not. I'll explain.

In this episode I'm going to discuss my decision to become a house flipper. If you have yet to start your real estate investing business, but have been doing a lot of reading and research, I'll tell you how I made my decision years ago to flip houses as opposed to any other style of real estate.

In this episode I tell you how to become an expert real estate investor.  That's right.  I give you the secret, and it really not that difficult! You just have to do some things that most people are not willing to do!

In this episode I interview a really impressive real estate investor name Steve Mills. Steve first entered my radar as a wholesaler. I knew that he was a very big wholesaler here in Michigan, but I was surprised to find out exactly how experienced and successful of an over all real estate investor he really is. He's much more than just a wholesaler and we get into that in this interview. I broke this interview into two parts because it was going so incredibly well, that I just had to find out more and the interview went much longer than expected. Next week I will air part two of this incredible interview

In this episode I want to clarify once and for all what it means to be productive versus what it needs to be busy. Most people think that if they are busy, then they are being productive. But often been busy has nothing to do with the productive.  

This episode I discussed the importance of becoming a lead machine. If you can find leads that turn into solid deals, the world is your oyster. Everyone is looking for deals, that doesn't make you stand out. If you have the leads that are actually going to turn into good deals, you hold the keys.

Episode I discuss the smell of desperation. Most people can smell it on you. Desperation is never a position that you want to make decisions out of. It always ends in disaster.

In this episode I discuss one of the worst things you can do as a real estate investor. It is probably one of the most common mistakes if not the most common mistake that new real estate investors make. It's reaching for a deal in lying to yourself about the numbers.

In this episode I'm going to break format just a little. Normally interview that I release on Mondays. Today however I want to dedicate today to answering some listener questions. At the core, this podcast is about helping new real estate investors. What better way than answering questions from beginners so that everyone can benefit from the answer?

In this episode I am going to give you some ideas for being more productive.  I am always trying to figure out how to get more done in less time.  We are all busy, but being more productive will definitely contribute to your bottom line!

In this episode I'm to share with you one of my failures in real estate. This was more than out single deal. It was a separate business that I set up with a partner to do a very different kind of investing than what I had previously attempted. There were some successes but ultimately it failed for a number of reasons. I'm going to tell you all about it!

In this episode I dig a little deeper into the concept of surrounding yourself with like-minded individuals and eventually creating, what I call, your own private mastermind. I won't be talking about your team – realtors, accountant, title agency, or contractors. What I'm going to talk about in this episode is more about your core group of friends in this industry and how they can help shape your business.

In this episode I reveal a cost associated with rehabbing that many real estate investors fail to plan for.  It will probably not ruin the deal, but many investors have been burned by it.  I am going to help you avoid this one!

In this episode, Eric Tomei comes back on the show for an unprecedented THIRD time! Eric generously agreed to come back on to share a very interesting case study of a recent flip.  This is the first case study we have done on Just Start Real Estate, and I am very excited to present this to you. Learning from others experiences is very valuable!

Today I am going to talk about the house that I wholesaled. When I say that I wholesaled it, I mean I was part of the process. I have never done a wholesale deal before, and this one was a little bit unusual. I kind of liked it. And I think I'm going to do more.

In this episode I tell a story about encounter that I had just today. I was meeting with someone at one of my rental properties, and what started out as a routine meeting for something very minor, turned into something that could make me a lot of money by the end of the year.

In this episode I discuss how to know when it's the right time to get started with your real estate business. In other words, I have said time and time again that you can't wait until you know everything, but how much knowledge is enough?

In this episode I talk about the military mindset. I give you the top four ways that utilizing a military mindset and approach, in your business, will help make you very successful in real estate.

In this episode I turn the tables and do a self interview. I ask myself all of the questions that I normally ask my guests and answer them is if I was a guest on my own show. 

In today's show I talk about some of the things that are holding you back from really taking off in real estate. These are the things that you need to overcome in order to be highly successful as a real estate investor.

In this episode I discussed whether or not real estate is strictly local or something that is common throughout the United States and around the world.

In this episode I discuss the importance of creating systems in your business. I'm not necessarily talking about systems that remove you from the business or allow it to run without, although that is very important at some point. What I am specifically talking about are systems that allow you to follow a set process every time you buy an investment property so that you don't miss anything or operate in an inefficient manner.

In this episode I discuss why I believe that the connections you make in this business and the friendships that you form are your best assets. No matter how much you learn it will never be more than the accumulated knowledge of all of the people that you meet and form friendships with.  This is not to say that if you don't have a big network you cannot be successful, but rather having a larger network makes it that much easier.

In this episode, I interview Mark Ferguson. Mark is a real estate investor based in Colorado; he is also a licensed realtor since 2002. He has sold over 400 HUD and REO listings in the last three years. Currently, he owns 7 long-term rentals that he has purchased in the past three years. Mark has also purchased and sold over 70 fix-and-flips in the past ten years with the help of his father.

In this episode I talk about the yes-no balance. The yes-no balance is the balance between wanting to say yes to every opportunity that comes your way and the wisdom to know when you need to say no. There is definitely a time to say yes, but there is just as importantly, time to say no to things. Maybe even no to EVERYTHING.

In this episode I discuss learning to give yourself a break. By give yourself a break I mean not everything you try is going to work. There will be failures. There will be bumps in the road and obstacles that you're going to have to work through. This is normal. If you're not failing once in a while you're not trying hard enough to succeed!

In this episode I discuss the difference between cash flow and appreciation as it relates to buy and hold real estate. I recently had a conversation with one of my coaching students regarding the business that they intend to build. They have chosen to invest in rentals. I am now educating him on the difference between cash flow and appreciation goals.

In this episode I discussed the importance of partnering and learning to share profits in order to do more deals. I talked to a lot of real estate investors that struggle with the idea of giving up profits. Most successful investors either profit share on a regular basis, or did a lot of profit-sharing when they were starting their business.

In this episode, I am re-airing an incredible interview that I did several months ago, with Douglas Dowell, when this podcast originally launched. I think this interview has gotten buried in the archives, and since it was heard by relatively few subscribers, I felt it deserved to be played again.

In this episode I discuss why it is important to be a connector in your industry. Real estate is a very social and interactive industry. There are always people who need a little help, and people who have someone in their network that can be of assistance.

In this episode I am going to get back to basics. I'm going to talk about what this podcast is all about – Just Starting! After 137 episodes I have given you more than enough information to start your real estate investing career. If you haven't started yet then you're missing the entire point of this podcast. If you have been reading blogs, listening to podcasts like this, and reading books, for a while now, it's time to put the materials down and put the information to action!  

In this episode I discuss why it is important to maintain your momentum in business. Success is like pushing a big boulder. It is very difficult to start but once it's moving, it is considerably easier to keep it moving. In business you have to keep your business moving forward. Lose momentum and you will find it difficult to get things going again!

In this episode I discuss why I believe there is never a bad time to invest in real estate. There's a lot of things said on the news and in the general media about real estate from one year to the next. I started investing in real estate at perhaps the worst time in history, according to the media, and it was the best thing I ever did!

In this episode I interview someone who I have been a fan of for quite some time – J Scott. J is and incredibly savvy house flipper and new construction "spec" builder. I have wanted to interview J for quite some time, and am lucky that his schedule freed up and I was able to get him the show. I think this is one of the best shows that I have done so far. I hope you enjoy it!

In this episode I talk about the 5 things you should look for in a partner should you decide to take one on. Partnerships aren’t for everyone, but if you do decide to partner with someone, you need to make sure your partner has these 5 traits!

In this episode I talk about the top five things that all good wholesalers do. I am always on the lookout for a good wholesaler in my market. And I have learned over the years what separates the good wholesalers from the bad wholesalers. The following list are things that all good wholesalers will do for you as their buyer.

In this episode I talk about the 10 things your realtor should be doing for you. I advise most beginning real estate investors to find a good realtor as soon as they launch their business. Not all realtors are created equally and it's important that you set your expectations right from the start.

In this episode I discussed the top 10 things that every contractor should do. In other words, the top 10 things that you should expect from your contractor as a real estate investor. Any contractor listening to this show should take note. I am telling you exactly what real estate investors are looking for in a good contractor. If you do these things you will instantly set yourself apart from every other contractor in your market.

In this episode I talked to a friend of mine and someone who I admire quite a bit. He is a private investor here in my local real estate investing community. Larry has been involved in real estate since 2007. He and I have work together on deals in the past and he currently is a private investor for several real estate investors locally. He has a lot of insight and experience that he shares with us in this episode. It was definitely packed with good information. This is one you should definitely check out!

In this episode I talk about how to set up a partnership in real estate. A partnership can be defined in a lot of different ways. It's important that you understand when setting up a partnership, that the roles and responsibilities that are defined in the beginning can have a big impact down the road.     

In this episode I talk about when is the right time to replace contractor. Not all contractors are created equally. Sometimes it becomes necessary to fire one under certain conditions. The timing can be important and should not be done lightly.

In this episode I tackle the subject of having the tool (knowledge), vs. actually knowing how to apply that knowledge to your real estate investing business.  This is going to be a frank discussion about studying vs. applying knowledge.  As always, I hope that I don't offend anyone but this is a topic worth discussing!

In this episode I cover the idea of commitment.  Commitment is a little different than massive action.  I have talked about massive action on past shows. Commitment, is a deeper look into the idea of making your business successful.

In this episode I interview a very interesting guy and a really smart guy in the lending space. His name is Sasha Favlukis and he shared a lot of great information with us regarding hard money. This interview was extremely informative!

In this episode I discuss whether you need a computer to run the real estate investing business. I was recently asked by a listener whether or not I think he could start and run a real estate investing business without the computer. Answer might surprise you!

This episode I discuss the effect that your spouse can have on your business. If they are in support of your business, it can be a tremendous benefit and make your business even better. On the flipside, if they are not supportive, it can make it 10 times harder to start your business and make it successful. The bottom line is – what your spouse thinks and how they feel about your real estate investing business matters!

In this episode I talk about the importance of keeping your focus narrow when starting out in real estate. The bright shiny object syndrome (letting every new technique for making money grab your attention), will stall you out and make it difficult, if not impossible, to succeed!

In this episode I talk about why all real estate investors should be 100% transparent in their business. The reason for being transparent might seem obvious, but I am going to give you some great examples, that you may not of thought of, where being transparent can really propel your business forward!

In this episode, I interview Chandler Crouch. Chandler is nothing short of amazing. At a very young age, he has managed to do several different types of real estate transactions and build himself into one of the most successful realtors in Texas! This is a long episode, but I didn't want to cut short the great flow of information that he was giving. I know you're going to love this interview as much as I did!

In this episode, I explain why you should ALWAYS work to create win-win situation for your business partners.  This goes for all phases of your business.  It is a very common mistake for real estate investors to be so focused on what they want and what they need that they forget to make sure to consider what other people require.  In other words, if you approach someone asking for something, you better figure out a way to create value for them as well!

In this episode I discussed the importance of who you spend your time with. Who exactly are you hanging out with during the course of your week? Are they people who share similar goals and have similar drive? Or are they complainers full of negative energy and bad attitudes?