Mastering Real Estate

In this episode of the Mastering Real Estate Podcast, host [Host Name] welcomes Peter Kuhn to discuss his diverse career journey, from growing up in the Bronx to venturing into insurance and real estate investing. Peter shares insights into his unique combination of financial analytics and salesmanship, his investment philosophy emphasizing diversification and understanding, and his successful approach to real estate and municipal bonds investing, particularly during economic downturns. Furthermore, he elaborates on his experiences with private equity, financial management, and how he maintains his lifestyle while prioritizing financial independence. Alongside revealing personal anecdotes and advice, especially for burgeoning investors, Peter discusses the importance of having partners with 'skin in the game' and his adventurous experiences beyond investing, such as his involvement with Goodwill and the Air Force. This comprehensive conversation offers listeners an expansive look into navigating investments, maintaining a prudent financial strategy, and enjoying life's experiences alongside professional ambitions. 00:00 Welcome to the Podcast 00:23 Peter Kuhn's Early Life and Career 01:15 Transition to Insurance and Entrepreneurship 01:48 Silicon Valley and the Tech Boom 03:04 The Unique Skill Set of Peter Kuhn 05:43 Investing in Municipal Bonds 09:03 Real Estate Ventures with Dollar General 14:17 Diversifying Investments 17:23 Investment Philosophy and Private Equity 19:04 Financial Management and CPA Insights 22:46 Finding Stability in Change 23:16 Keys to Success: Drive and Determination 24:11 Lifestyle Comparisons: Millionaires vs. Billionaires 25:05 The Joy of Experiences Over Material Possessions 26:05 Fractional Real Estate: A Smart Investment 28:19 Intentional Spending and Shopping Habits 29:28 Balancing Work and Leisure 30:32 Daily Routine and Work Ethic 32:30 Passing Wisdom to the Next Generation 34:59 Staying Relevant and Making a Difference 35:41 Adventures and Board Memberships 39:59 Advice for Aspiring Commercial Real Estate Investors 41:10 Recommended Podcasts and Final Thoughts We also have an AWESOME newsletter that you can subscribe to here Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets LinkedIn

In this episode of the Mastering Real Estate Podcast, host [Host Name] welcomes Peter Kuhn to discuss his diverse career journey, from growing up in the Bronx to venturing into insurance and real estate investing. Peter shares insights into his unique combination of financial analytics and salesmanship, his investment philosophy emphasizing diversification and understanding, and his successful approach to real estate and municipal bonds investing, particularly during economic downturns. Furthermore, he elaborates on his experiences with private equity, financial management, and how he maintains his lifestyle while prioritizing financial independence. Alongside revealing personal anecdotes and advice, especially for burgeoning investors, Peter discusses the importance of having partners with 'skin in the game' and his adventurous experiences beyond investing, such as his involvement with Goodwill and the Air Force. This comprehensive conversation offers listeners an expansive look into navigating investments, maintaining a prudent financial strategy, and enjoying life's experiences alongside professional ambitions. 00:00 Welcome to the Podcast 00:23 Peter Kuhn's Early Life and Career 01:15 Transition to Insurance and Entrepreneurship 01:48 Silicon Valley and the Tech Boom 03:04 The Unique Skill Set of Peter Kuhn 05:43 Investing in Municipal Bonds 09:03 Real Estate Ventures with Dollar General 14:17 Diversifying Investments 17:23 Investment Philosophy and Private Equity 19:04 Financial Management and CPA Insights 22:46 Finding Stability in Change 23:16 Keys to Success: Drive and Determination 24:11 Lifestyle Comparisons: Millionaires vs. Billionaires 25:05 The Joy of Experiences Over Material Possessions 26:05 Fractional Real Estate: A Smart Investment 28:19 Intentional Spending and Shopping Habits 29:28 Balancing Work and Leisure 30:32 Daily Routine and Work Ethic 32:30 Passing Wisdom to the Next Generation 34:59 Staying Relevant and Making a Difference 35:41 Adventures and Board Memberships 39:59 Advice for Aspiring Commercial Real Estate Investors 41:10 Recommended Podcasts and Final Thoughts We also have an AWESOME newsletter that you can subscribe to here Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets LinkedIn

Episode 30 - Master Networker & Business Builder Ron Phillips In this episode of the Mastering Real Estate podcast, host Mara welcomes Chris Prefontaine, a seasoned real estate investor and entrepreneur with over 33 years of experience. Chris shares his journey from starting the building business in the '90s to navigating the 2008 financial crash, prompting a shift to creative real estate financing. He discusses key strategies, including the importance of mentorship, managing expectations, and the unique coaching model he offers today. Chris also offers practical advice on structuring deals, the value of persistence, and his family's significant role in his business. Listen in for expert insights and actionable tips on succeeding in real estate. 00:00 Introduction and Welcome 00:21 Chris Prefontaine's Background 03:34 The 2008 Crash and Recovery 09:05 Creative Financing Explained 14:01 Working with Family 17:16 Traits of Successful Entrepreneurs 18:38 Key Lessons and Advice 19:48 Managing Multiple Ventures 24:04 Philanthropy and Giving Back 24:59 Conclusion and Contact Information Follow Ron Phillips: Instagram; @ronphillips_ LinkedIn: https://www.linkedin.com/in/ron-phillips-20648711/ Getting Rich The Right Way: The Complete Guide To Investing In Real Estate Right The First Time: https://www.amazon.com/Getting-Rich-Right-Way-Investing-ebook/dp/B00F9EOPBW?ref_=ast_author_mpb Check out our Master Class and learn how to start or scale your real estate investing career the right way We also have an AWESOME newsletter that you can subscribe to here Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets LinkedIn

In this episode of the Mastering Real Estate podcast, host Maura welcomes Chris Prefontaine, a seasoned real estate investor and entrepreneur with over 33 years of experience. Chris shares his journey from starting in the building business in the '90s to navigating the 2008 financial crash, which prompted a shift to creative real estate financing. He discusses key strategies, including the importance of mentorship, managing expectations, and the unique coaching model he offers today. Chris also offers practical advice on structuring deals, the value of persistence, and the significant role his family plays in his business. Listen in for expert insights and actionable tips on succeeding in real estate. 00:00 Introduction and Welcome 00:21 Chris Prefontaine's Background 03:34 The 2008 Crash and Recovery 09:05 Creative Financing Explained 14:01 Working with Family 17:16 Traits of Successful Entrepreneurs 18:38 Key Lessons and Advice 19:48 Managing Multiple Ventures 24:04 Philanthropy and Giving Back 24:59 Conclusion and Contact Information Recommended Resources: Ed Mylet's Podcast Jared Robins Links: FREE Masterclass FREE Books We also have an AWESOME newsletter that you can subscribe to here Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets LinkedIn

Welcome to Episode 28 of the Mastering Real Estate Podcast! In this episode, host Maura McGraw sits down with the impressive Ashley Wilson, also known as Badash Investor. Ashley, a seasoned real estate professional with over a decade of experience, shares her inspiring journey from the pharmaceutical industry to the real estate domain. Co-founder of House It Look LLC, BarDown Investments, Conference Connect, and Apartment Attics, she offers invaluable insights into balancing a bustling career while being a devoted mother. They delve into Ashley's bestselling book, 'The Only Woman in the Room,' a pioneering work aimed at empowering women in male-dominated fields. Ashley discusses strategies for handling shiny object syndrome, the importance of having a supportive partner, and tips for new women entering real estate investing. Despite some recording issues, this interview is packed with golden nuggets of wisdom you won't want to miss. Tune in as we explore the dynamic world of real estate with Ashley Wilson! 00:00 Introduction and Episode Overview 01:31 Meet Ashley Wilson: Real Estate Badass 02:58 Ashley Wilson's Journey into Real Estate 05:48 Balancing Family and Business 09:24 The Inspiration Behind 'The Only Woman in the Room' 12:38 Industry Changes and Trends 16:02 Advice for Aspiring Real Estate Investors 19:49 Current Projects and Future Plans 20:58 Favorite Resources and Hobbies 23:33 Conclusion and Book Giveaway Follow Ashley Wilson: Instagram: @badashinvestor LinkedIn: https://www.linkedin.com/in/badashinvestor/ Check out our Master Class and learn how to start or scale your real estate investing career the right way We also have an AWESOME newsletter that you can subscribe to here Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets LinkedIn

In this episode, I sit down with Brad Warren to learn all about Land Banking, one of the most passive and lesser-known real estate investment strategies. Brad discusses his mission to help patient investors diversify and build their portfolios through land banking. He emphasizes that his strategy is conservative and that investors should have a long-term perspective. Resources Mentioned in the Podcast: “Just Sold” Book Follow Brad Warren: Email: brad@bradwarren.com Phone: 510-537-0107 Website: https://www.bradwarren.com/ Follow Jay on Social Media: LinkedIn X Check out our Master Class and learn how to start or scale your real estate investing career the right way We also have an AWESOME newsletter that you can subscribe to here Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets LinkedIn

In episode 26 of the Mastering Real Estate Podcast, host Maura McGraw interviews Isabel Guarino, a top influencer in senior housing and COO of the Residential Assisted Living Academy. Isabel shares her journey into residential assisted living, a unique and profitable niche in real estate investing. The discussion covers the financial aspects, challenges, and opportunities in managing residential assisted living homes. Isabel also talks about her various ventures, including her podcast 'Young Boss' and her educational efforts through the Residential Assisted Living Academy. The episode provides valuable insights for real estate investors interested in exploring residential assisted living as a business model. 00:00 Understanding Residential Assisted Living Financials 01:13 Introduction to the Mastering Real Estate Podcast 01:57 Meet Isabel Guarino: Senior Housing Influencer 04:01 Isabel's Journey into Real Estate and Senior Housing 06:07 What is Residential Assisted Living? 12:46 Challenges and Rewards of Running an RAL Home 14:57 Balancing Multiple Ventures and Personal Life 17:52 Traits of Successful Entrepreneurs 19:14 Lessons from Business Ventures 20:36 Daily Routine and Team Management 22:58 Empowering Your Team 26:02 Personal Accountability in Leadership 28:52 Upcoming Events and Resources 31:05 Morning Routine and Personal Beliefs 34:01 Connecting with the Guest 35:08 Conclusion and Podcast Outro Resources Mentioned in the Podcast: Where to get tickets or info about the convention: https://ralnationalconvention.com/ Follow Isabelle Guarino: Website: https://residentialassistedlivingacademy.com/isabelle-guarino-speaker-page/ Email: info@ralacademy.com Follow Isabelle on Social Media: Facebook X Youtube Channel Instagram Tiktok Check out our Master Class and learn how to start or scale your real estate investing career the right way We also have an AWESOME newsletter that you can subscribe to here Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets LinkedIn

In this episode of the Mastering Real Estate Podcast, host Mara interviews Jay Conner, an expert in real estate and private money. Jay shares his journey from traditional banking to raising over $8 million in private money, discussing the transformative impact of private funding on his business. Raised in eastern North Carolina, Jay's background in affordable housing led him to real estate investment. He offers insights on his process for raising private money without pitching deals, emphasizing education and establishing strong financial relationships. Jay also highlights the importance of mindset and resilience for successful real estate investing, sharing how he automated his business to work less than 10 hours a week. Additionally, Jay discusses his various ventures, including his Private Money Academy, podcast, and book 'Where to Get the Money Now.' Listeners learn practical advice and unique strategies for securing funding and scaling their real estate ventures. 00:00 Introduction and Welcome 00:40 Jay Connor's Background and Early Influences 02:27 Transition to Single Family Homes 03:25 The Shift to Private Money 04:17 Current Ventures and Offerings 07:04 The Private Money Process 15:39 Mindset and Success Principles 20:04 Mindset and Resiliency in Real Estate 20:55 Mitigating Risks in Real Estate Deals 23:11 Balancing Multiple Ventures 24:49 Automating Your Real Estate Business 27:51 Effective Tools and Resources 31:35 Raising Private Money 36:57 Personal Interests and Hobbies 38:50 Final Thoughts and Contact Information Resources Mentioned in the Podcast: Where to Get the Money Now Book: https://www.amazon.com/Where-Get-Money-Now-Traditional/dp/1628658002 Private Money Challenge: https://www.jayconner.com/7-day-challenge/ REI Software: https://www.reisoftware.com/ Jay's Music: https://youtu.be/siAWljKBZQ4 https://youtu.be/achJI13NyO8 Jay's favorite books (besides the Bible): University of Success: https://www.amazon.com/Og-Mandinos-University-Success-Self-Help/dp/0553345354 The Go Giver:https://shorturl.at/VnLyJ Follow Jay Conner: Website: JayConner.com Email: info@jayconner.com Private Money Academy Jay's Podcast Where to Get the Money Now Book Follow Jay on Social Media: Facebook LinkedIn YouTube Check out our Master Class and learn how to start or scale your real estate investing career the right way We also have an AWESOME newsletter that you can subscribe to here Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets LinkedIn

In this gripping episode of the Mastering Real Estate Podcast, host Maura McGraw recounts the nightmare of managing a disaster-stricken apartment complex in Mobile, Alabama. After returning from maternity leave in early 2022, Maura faced the challenge of overseeing three run-down apartment buildings, which culminated in a catastrophic series of pipe bursts that flooded the entire complex. Maura shares valuable lessons learned, including the critical importance of due diligence, effective communication during crises, and the necessity of renter's insurance. This episode offers real estate professionals practical insights into navigating property management disasters, ensuring tenant safety, and protecting investments. 00:00 Introduction to the Apartment Complex Disaster Episode 00:32 Welcome to the Mastering Real Estate Podcast 02:03 The Catastrophic Apartment Complex Management Experience 04:16 The Nightmare Begins: Pipe Bursts and Flooding 08:11 Dealing with the Aftermath: Tenant Relocation and Lawsuits 09:53 Key Lessons Learned from the Disaster 15:30 The Importance of Insurance and Final Takeaways 18:26 Reflecting on the Experience and Closing Thoughts Check out our Master Class and learn how to start or scale your real estate investing career the right way We also have an AWESOME newsletter that you can subscribe to here Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets LinkedIn

In this episode of the Mastering Real Estate podcast, host Maura McGraw reviews Ashley Wilson's book 'The Only Woman in the Room', highlighting the challenges and successes of 20 female real estate investors in a male-dominated industry. McGraw shares insights into Wilson's impressive background and the key concepts covered in the book including resilience, building a team, and the importance of setting clear goals and taking action. The episode also touches on McGraw's own experiences in real estate, the support of Duratus Properties, and ends with recommendations on who should read the book and why it's rated 7 out of 10. The podcast concludes with a teaser for the next episode about acquiring a 21 unit portfolio with seller financing. 00:00 Welcome & Introduction to 'The Only Woman in the Room' Book Review 00:31 Meet Your Host: Maura McGraw's Real Estate Journey 00:45 Duratus Properties: Opportunities for Real Estate Professionals 01:27 Deep Dive into 'The Only Woman in the Room' 02:11 Ashley Wilson: A Trailblazer in Real Estate 04:19 Empowering Women in Real Estate: Key Concepts from the Book 12:53 Inspirational Quotes & Personal Takeaways 20:26 Who Should Read This Book & Overall Rating 22:24 Sponsor Spotlight: Doradus Academy & Closing Thoughts Episode Resources: https://shorturl.at/isDH2 Check out our Master Class and learn how to start or scale your real estate investing career the right way We also have an AWESOME newsletter that you can subscribe to here Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets LinkedIn

This video features Maura McGraw, a full-time real estate investor since 2018, sharing her challenging journey of starting and running a property management company alongside her business partners, Danny Gonzalez and Aziz Shannara. After purchasing a 42 property portfolio in Birmingham, Alabama and unsatisfied with existing property management services, they decided to establish their own company, Freedom Ventures Property Management. Maura discusses the hurdles and steep learning curve they faced, from legal setup, office establishment to managing over 600 units in three years, and the importance of followership, scaling growth wisely, and focusing on core businesses without overextending. Maura shares personal insights on how this experience taught her valuable lessons on leadership, growth, and the importance of maintaining a balanced life outside of business ventures. 00:00 Introduction to Property Management Challenges 00:39 Welcome to the Mastering Real Estate Podcast 01:23 The Journey Begins: Starting a Property Management Company 03:11 The Rollercoaster of Running a Property Management Business 07:31 Learning the Hard Way: Growth and Scaling Challenges 11:19 A Personal Pivot: Refocusing on Core Values 15:53 Key Takeaways and Closing Thoughts Episode Resources: Slideshow Link Check out our Master Class and learn how to start or scale your real estate investing career the right way We also have an AWESOME newsletter that you can subscribe to here Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets

In episode 21 of the Mastering Real Estate Podcast, host Maura McGraw reviews Amanda Hahn and Matthew McFarland's book, 'Advanced Tax Strategies for the Savvy Real Estate Investor.' This episode builds on the fundamentals introduced in their first book, focusing on more sophisticated methods for minimizing tax liabilities and maximizing profits within the real estate domain. Maura discusses the importance of understanding tax strategies for real estate professionals, emphasizing how many are likely to miss out on savings due to a lack of knowledge. The book covers various topics, including tax planning, accelerated depreciation, benefits for real estate professionals, 1031 exchanges, retirement account savings, and more. It emphasizes proactive tax strategies, including the importance of biannual meetings with CPAs. The episode highlights key strategies such as cost segregation, comparing flips and BRRR strategy, and the advantages of 1031 exchanges. Maura encourages all real estate and tax professionals to read the book, rating it an 8 out of 10, for its comprehensive guide to optimizing tax returns through well-informed investment strategies. Episode Resources: Slideshow Link Check out our Master Class and learn how to start or scale your real estate investing career the right way We also have an AWESOME newsletter that you can subscribe to here Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets

Deal Details Addresses: 43 Houses throughout Birmingham... Type: Mostly all tenant-occupied rentals Average Year Built: 1966 Average SF: 1,607 Average Mix: 3 / 1.5 Year: Summer 2019 Timeline: 2 months Purchase Price: $2.52M Down Payment = $630,000 (20%) 2 x 1031 Exchanged Flips = $130,000 Raised $500K from private investors Strategy: Flip & sell 31 properties to investors through RP Capital = $1.6M Payback investors & bank Keep 11 properties = $500K ($5,500 Monthly Cashflow) Split between Danny & Duratus Key Takeaways: You can partner on a deal without having a long-term partnership Logistics and project management are key skills for a flipper Never give up–there's always a solution out there Episode Resources: Slideshow Link Check out our Master Class and learn how to start or scale your real estate investing career the right way We also have an AWESOME newsletter that you can subscribe to here Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets

In this episode, I interview David Richter, the CEO of Simple CFO Solutions and author of the book “Profit First for Real Estate Investing.” We discuss his real estate journey, book writing, and his current passion–helping small business owners optimize their financial management. This episode is a GOLD MINE for real estate investors and business owners. Follow David Richter: @richterscale91 Profit First for Real Estate Investing - a MUST READ! Simple CFO Solutions Leave a comment on our YouTube video and be entered to win a signed copy of David's book! Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets

Deal Details Addresses: 46 Houses throughout Birmingham... Ultimately cut down to 43 Type: Mostly all tenant-occupied rentals Average Year Built: 1966 Average SF: 1,607 Average Mix: 3 / 1.5 Year: Summer 2019 Timeline: 2 months Purchase Price: $2.52M Down Payment = $630,000 (20%) 2 x 1031 Exchanged Flips = $130,000 Raised $500K from private investors Portfolio Deals Single-family (SF) portfolio deals are a less competitive niche in the real estate space because most investors focus on SF houses or apartment complexes This can be a good way to scale your portfolio quickly You must find a bank willing to put together an unconventional loan product to fund these deals Key Takeaways: Single-family portfolio deals are a great secret niche Emotions matter just as much as the numbers in negotiations Fake it ‘till you make it Episode Resources: Slideshow Link Check out our Master Class and learn how to start or scale your real estate investing career the right way We also have an AWESOME newsletter that you can subscribe to here Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets

"The Book on Tax Strategies for the Savvy Real Estate Investors" is a comprehensive guide written by experts in real estate taxation. It offers valuable insights and strategies for real estate investors to optimize their tax planning and maximize profitability. Covering a range of topics such as entity structuring, expense maximization, and income offset strategies, the book equips readers with practical techniques to reduce tax burdens and increase wealth accumulation. Key Concepts: Entity Structuring: The importance of selecting the right legal entity for real estate investments to maximize tax benefits and protect assets. Expense Maximization: Strategies for maximizing deductions and expense write-offs related to real estate investments, including depreciation, repairs, maintenance, and operating expenses. Income Offset Strategies: Techniques for offsetting rental income with expenses, losses, and other deductions to reduce taxable income. Retirement Investing: Exploring tax-advantaged retirement accounts such as Self-Directed IRAs and Solo 401(k)s for investing in real estate and leveraging tax benefits for retirement savings. Long-Term Investment Strategies: Guidance on long-term hold strategies for residential and multi-family real estate investments, focusing on building wealth over time while minimizing tax implications. Tax Planning for High Net-Worth Individuals: Specialized tax strategies tailored for high net-worth individuals investing in real estate, including estate planning, asset protection, and wealth preservation. Legal Compliance and Risk Management: Ensuring compliance with tax laws and regulations while effectively managing risks associated with real estate investments. Key Takeaways and Action Steps Track your tax deductible expenses - make sure you are tracking mileage, depreciation, and other expenses like your home office, travel, and meals and entertainment so that you can get a lot of tax deductions Overall Book Rating: 6 / 10 The authors clearly tried to make this book not dry by including lots of stories about each concept Concepts were clearly explained and relatively easy to understand Could have used more details about selecting a good CPA as a real estate investor Sometimes a few too many stories Episode Resources: Slideshow Check out our Master Class and learn how to start or scale your real estate investing career the right way. We also have an AWESOME newsletter that you can subscribe to here. Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets

Deal Details Address: 548 Karey Drive, Birmingham AL 35215 Type: Flip Year Built: 1970 SF: 1,607 Mix: 4/2 Year: Mid2019 Timeline: 3 months Project Cost: $107,000 Purchase Price: $62,893 Rehab:$5,765 Sales Price: $135,000 Profit: $66,000 (split 50/50) Before Photos After Photos Video Tour Business Partnerships MUST have common values Don't need to have the same background, but extreme differences may cause issues Complimentary skillsets Aligned goals Key Takeaways: Your business partner must share your values and goals Read Gino Wickman's book “Rocket Fuel” before entering into a business partnership Don't partner with contractors Episode Resources: Slideshow Link Video Tour Check out our Master Class and learn how to start or scale your real estate investing career the right way We also have an AWESOME newsletter that you can subscribe to here Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets

"Profit First for Real Estate Investing" by David Richter is a guide that applies the principles of the "Profit First" system to real estate investing. The book offers a step-by-step approach to managing finances in real estate businesses, emphasizing the importance of prioritizing profit from the outset. Richter introduces the Profit First method, which involves allocating income into different accounts for profit, taxes, operating expenses, and more, ensuring that profit is a non-negotiable part of the financial strategy. The book provides practical advice on implementing this system, including setting up bank accounts, determining allocation percentages, and monitoring financial progress. This approach allows real estate investors to build sustainable and profitable businesses while minimizing financial stress and uncertainty. Key Concepts: Sales – Profit = Expenses This formula is transformational because it shifts you from thinking about your expenses first and puts you and the health of your company first. PFREI Implementation Steps: Owners write down their “Need” and “Want” numbers How many deals do you need to do and at what profit point do you need to do them to pay yourself what you Need? Run an INSTANT Assessment on Your Business Calculate Your CAPs & TAPs Set Up the Foundational Bank Accounts Set Up 5 Additional Recommended Accounts 3 More Advanced Accounts to Consider Prioritize & Cut Expenses Run a PFREI Assessment of the Business Get the Maximum Return on Your Marketing Dollars Create a Deal Dashboard Key Takeaways and Action Steps Run the Instant Assessment Find out where your business stands regarding profitability Implement Profit First Download my checklist and start implementing this in your business Overall Book Rating: 8 / 10 Transformational for your business Simple, easy to read and understand Actionable Episode Resources: Slideshow PFREI Implementation Checklist Follow Aziz Shunnara: Consulting with Aziz Follow @zshunnara on Instagram Check out our Master Class and learn how to start or scale your real estate investing career the right way. We also have an AWESOME newsletter that you can subscribe to here. Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets

Deal Details Address: 2457 Watson Road, Birmingham, AL 35235 Type: Flip Year Built: 1974 SF: 1,324 Mix: 3/1.5 Year: 2019 Timeline: 7 months Project Cost: $107,000 Purchase Price: $57,000 Rehab: $50,000 Sales Price: $135,000 Profit: $28,000 Before Photos After Photos Video Tour How to Navigate Auctions Be prepared (do a title search, investigate the house, run your numbers conservatively) Observe an auction before buying Key Takeaways: Be prepared BEFORE you go to auction Find a local non-profit junk removal partner Episode Resources: Slideshow Link Before Photos After Photos Video Tour Check out our Master Class and learn how to start or scale your real estate investing career the right way We also have an AWESOME newsletter that you can subscribe to here Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets

Episode 13 - Donald Trump's “The Art of the Deal” "The Art of the Deal" is a memoir written by Donald J. Trump and author Tony Schwartz, published in 1987. The book provides insights into Trump's business career and his approach to deal-making. It covers Trump's early real estate ventures, his involvement in high-profile projects like Trump Tower, and the challenges he faced. Key Concepts: Hire the Best Think Big Get Opinions & Talk to People Work the Press Leadership Key Takeaways and Action Steps Hire the Best Trust Your Instincts Work the Press Overall Book Rating: 6 / 10 Easy, interesting, & enjoyable Lacking depth Episode Resources: Slideshow Key Concept Flashcards Check out our Master Class and learn how to start or scale your real estate investing career the right way. We also have an AWESOME newsletter that you can subscribe to here. Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets

Deal Details Address: 4770 Elfreth Johnson Drive, Birmingham AL 35215 Type: Flip Year Built: 1974 SF: 1,080 Mix: 3/2 (Converted to 4/2) Year: 2019 Timeline: 5 months Project Cost: $50,000 Purchase Price: $58,047 Rehab: $1,438 Sales Price: $80,000 Profit: $20,515 Before Photos After Photos Video Tour Beware of Basements Before buying a house with a basement, do the following: Get it moisture-tested Talk to local contractors about common issues with basements and have an idea of common repair costs Don't Partner with Contractors Usually doesn't work Keep the relationship simple (trust me) Key Takeaways: Be careful of buying houses with basements Don't partner with contractors Episode Resources: Slideshow Link Before Photos After Photos Video Tour Check out our Master Class and learn how to start or scale your real estate investing career the right way We also have an AWESOME newsletter that you can subscribe to here Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets

Episode 11 - The Book on Managing Rental Properties Heather and Brandon Turner's, “The Book on Managing Rental Properties” Overview of Heather and Brandon Turner's backgrounds and experience Summary of “The Book on Managing Rental Properties” Key Concepts: 13 Principles of Being an Incredible Landlord Interview and book review with Danny Gonzalez about all things property management, including how to find a good property manager and great interview questions to ask. Key Takeaways and Action Steps 3 Key Takeaways: #1--Be Firm, Fair, and Consistent, #13 Principles of Being a Good Landlord, #3–Find a Property Manager that Aligns with Your Values This Book is great for...anyone interested in becoming a landlord Overall Book Rating: 8 / 10 Informative and well-organized Full of additional downloadable resources Does not cover state-specific regulations Episode Resources: Slideshow Key Concept Flashcards Freedom Ventures Property Management Follow Danny: @dannyg.realestate Check out our Master Class and learn how to start or scale your real estate investing career the right way. We also have an AWESOME newsletter that you can subscribe to here. Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets

Deal Details Address: 720 Earline St, Birmingham, AL 35215 Type: Rental Property Year: 2018 Timeline: 1 month Purchase Price: $50,000 Rehab: $0 Sales Price: $154,000 Profit: $100,000 Avoid Flood Zones We got it for a steal ($50K).....because it was in a flood zone. But I was still new to the industry and an idiot then and did not know to check on this at first. Now I know ALWAYS to check the FEMA Flood Map Service up front to see if a property is in a flood zone. Properties in flood zones can be harder to sell and will cost a lot in extra insurance Key Takeaways: Watch out for flood zones–ALWAYS check the FEMA Flood Map Service Carefully screen your tenants Buy rental properties that will not have a lot of maintenance issues in the future Episode Resources: Slideshow Link Photos Check out our Master Class and learn how to start or scale your real estate investing career the right way We also have an AWESOME newsletter that you can subscribe to here Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets

Episode 9 - The Highest Calling Larry Janesky's “The Highest Calling” Overview of Larry Janesky's background and experience Summary of “The Highest Calling” Key Concepts: 7 Components of a Successful Business Key Takeaways and Action Steps 3 Key Takeaways: #1--Success Starts with YOU, #2–Serve Others, #3–Be Happy Now This Book is great for...all business owners, especially contractors Overall Book Rating: 9 / 10 Enjoyable Quick Relatable Motivational Full of wisdom Episode Resources: Slideshow Key Concept Flashcards Check out our Master Class and learn how to start or scale your real estate investing career the right way. We also have an AWESOME newsletter that you can subscribe to here. Follow Duratus: Website Subscribe to Our Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets

Episode 8 - Project #4: How to Sell Off Market Deal Details Address: 208 Meadowdale Ave, Birmingham, AL 35215 Type: Flip Year: 2019 Timeline: 2.5 months Project Cost: $62,000 Purchase Price: $58,000 Rehab: $2,219 Sales Price: $80,000 Profit: $12,957 Selling Off Market I got this house because it was not selling on the market, so I had to figure out how to sell it off-market. Luckily, I was already connected with a few turnkey providers and was able to line up an off-market sale relatively quickly and easily. Key Takeaways: Do quick projects at the beginning of your REI journey Cultivate relationships with turnkey providers to give yourself an off-market sales pool Network like Crazy Episode Resources: Slideshow Link House Tour After Photos Check out our Master Class and learn how to start or scale your real estate investing career the right way We also have an AWESOME newsletter that you can subscribe to here Follow Duratus: Website Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets

Episode 7 - Real Estate by the Numbers J Scott' and Dave Meyer's book “Real Estate by the Numbers.” Overview of J Scott and Dave Meyer's backgrounds and experience Summary of “Real Estate by the Numbers,” and the four parts of the book Key concepts from each part of the book Key Takeaways and Action Steps 3 Key Takeaways: #1--Track Your Net Worth, 2–Learn Basic Financial Modeling, 3–Learn About Taxes (hire a good CPA) This Book is great for...people who like reading textbooks. Overall Book Rating: 3 / 10 Good information Almost impossible to get through Join us on this journey to master real estate and unlock the secrets to long-term wealth! Subscribe for weekly insights and actionable tips to propel your success in the dynamic world of real estate. Episode Resources: Slideshow Key Concept Flashcards Recommended Real Estate Financial Modeling Class Also, check out OUR Master Class and learn how to start or scale your real estate investing career the right way. We also have an AWESOME newsletter that you can subscribe to here. Follow Duratus: Website Subscribe to Our Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets

Episode 6 - Project #3: Multiple Exit Strategies Deal Details Address: 3613 Oakwood Drive, Adamsville AL 35005 Type: Flip Year: 2018 Timeline: 5 months Project Cost: $62,000 Purchase Price: $55,000 Rehab: $6,620 Sales Price: $106,000 Profit: $40,000 Losing A Lender In the initial stages, Maura faced adversity as her hard money lender backed out a week before closing. This forced her to quickly learn how to pitch to and find a private investor to fund the deal–a tough but very valuable lesson. Always Have a Backup Losing my initial lender also taught me always to have a backup plan–not only for my financing but for the investment as a whole. This particular project was a great flip, but could have also easily been a buy-and-hold rental property. The fact that we had a backup plan for the property was key in securing last-minute private funding for the deal. Key Takeaways: If the deal is good enough, the money will come Have multiple exit strategies for your investment properties Episode Resources: Slideshow Link After Photos Check out our Master Class and learn how to start or scale your real estate investing career the right way Follow Duratus: Website: https://www.duratusacademy.com/ Newsletter: https://duratusproperties.activehosted.com/f/20 Facebook: https://www.facebook.com/DuratusProperties/ LinkedIn: https://www.linkedin.com/company/duratus-properties/ Twitter: https://twitter.com/duratusp?lang=en Instagram: https://www.instagram.com/duratusproperties/?hl=en YouTube: https://www.youtube.com/channel/UCKftkw4eAzd4DPBGIXruo1g Pinterest: https://www.pinterest.com/DuratusProperties/ TikTok: https://www.tiktok.com/@duratusproperties Follow Maura: Facebook: https://www.facebook.com/profile.php?id=5320733 LinkedIn: https://www.linkedin.com/in/maura-mcgraw/ Twitter: https://twitter.com/maura_mcgraw Instagram: https://www.instagram.com/maurakmcgraw/ Pinterest: https://www.pinterest.com/mauramcgraw/ TikTok: https://www.tiktok.com/@realestatemamma Bigger Pockets: https://www.biggerpockets.com/users/mauramcgraw We also have an AWESOME newsletter that you can subscribe to here

Episode 5 - Recession-Proof Real Estate Investing J Scott's "Recession-Proof Real Estate Investing” Overview of J Scott, his background, and experience. Summary of "Recession-Proof Real Estate Investing” and the different methods to safeguard investments and capitalize on opportunities in the various economic phases. The 4 phases are: 1–Expansion Phase, 2–the Peak Phase, 3–the Recession, and 4–the Recovery phase. Key Takeaways and Action Steps Two Key Takeaways: #1--Learn to recognize each phase of the cycle; #2-Discuss how to adapt your strategy to each phase This Book is great for...Moderately Experienced Investors and Real Estate Professionals. Overall Book Rating: 6 / 10 Well organized Good info A bit dry Join us on this journey to master real estate and unlock the secrets to long-term wealth! Subscribe for weekly insights and actionable tips to propel your success in the dynamic world of real estate. Episode Resources: Episode Resources Key Concept Flashcards Show Notes Check out our Master Class and learn how to start or scale your real estate investing career correctly. We also have an AWESOME newsletter that you can subscribe to here. Follow Duratus: Website Subscribe to Our Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets

Episode 4 - Project #2: Beware of Hard Money Lenders Deal Details Address: 1120 Sardis Rd, Gardendale AL 35071 Type: Flip Year: 2018 Timeline: 2 months Project Cost: $98,000 Purchase Price: $70,000 Rehab: $16,000 Sales Price: $124,000 Profit: $21,000 Losing A Lender In the initial stages, Maura faced adversity as her hard money lender backed out a week before closing. A valuable lesson was learned – caution when choosing hard money lenders, and the importance of recommendations from trusted sources. Amidst graduate school commitments and a challenging schedule, Maura hustled to secure funding, emphasizing the pressure and challenges of this pivotal moment. A Twist of Luck Against the odds, Maura shares how a fortunate turn of events during a real estate case competition in San Francisco led her to a potential investor, Aziz. What seemed like just funding for a deal turned out to be the start of a much more significant partnership. Aziz, initially an investor, would later become Maura's business partner in Duratus Properties. The Turning Point: Following a challenging first project, this flip went relatively smoothly. The house, located in a favorable area, saw a conservative rehab estimate and was completed under budget in less than 30 days. Maura delivered a healthy profit, building confidence and resilience along the way. Key Takeaways: Caution with Lenders: Beware of hard money lenders; opt for reputable and trusted sources. Conservative Estimates: Be conservative with rehab estimates and proformas to navigate unforeseen challenges effectively. Episode Resources: Slideshow Link Before Photos After Photos Check out our Master Class and learn how to start or scale your real estate investing career the right way We also have an AWESOME newsletter that you can subscribe to here Follow Duratus: Website: https://www.duratusacademy.com/ Newsletter: https://duratusproperties.activehosted.com/f/20 Facebook: https://www.facebook.com/DuratusProperties/ LinkedIn: https://www.linkedin.com/company/duratus-properties/ Twitter: https://twitter.com/duratusp?lang=en Instagram: https://www.instagram.com/duratusproperties/?hl=en YouTube: https://www.youtube.com/channel/UCKftkw4eAzd4DPBGIXruo1g Pinterest: https://www.pinterest.com/DuratusProperties/ TikTok: https://www.tiktok.com/@duratusproperties Follow Maura: Facebook: https://www.facebook.com/profile.php?id=5320733 LinkedIn: https://www.linkedin.com/in/maura-mcgraw/ Twitter: https://twitter.com/maura_mcgraw Instagram: https://www.instagram.com/maurakmcgraw/ Pinterest: https://www.pinterest.com/mauramcgraw/ TikTok: https://www.tiktok.com/@realestatemamma Bigger Pockets: https://www.biggerpockets.com/users/mauramcgraw

Episode 3 - Cashflow Quadrant Robert Kiyosaki's "Cashflow Quadrant" An overview of the author, Robert Kiyosaki, his background, and his significant impact on financial education. The book introduces the Cashflow Quadrant, categorizing ways of earning money into Employee (E), Self-Employed (S), Business Owner (B), and Investor (I). Kiyosaki emphasizes the importance of transitioning towards big business ownership and investing for financial freedom. Key Takeaways and Action Steps Four Key Takeaways: #1-Complete a PFS and set financial goals; #2-Minimize spending, debt and liabilities and pay yourself first; #3-Decide what type of investor you want to be; #4-Begin investing today. This Book is great for...Aspiring Investors and Aspiring Business Owners. Overall Book Rating: 8 / 10 Quick and easy read Easy to Understand Actionable and motivational Join us on this journey to master real estate and unlock the secrets to long-term wealth! Subscribe for weekly insights and actionable tips to propel your success in the dynamic world of real estate. Episode Resources: Slideshow Key Concept Flashcards Check out our Master Class and learn how to start or scale your real estate investing career the right way. We also have an AWESOME newsletter that you can subscribe to here. Follow Duratus: Website Subscribe to Our Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets

Episode 2 - Project #1: The Importance of Market Research Introduction Importance of learning from mistakes and avoiding common pitfalls in real estate investing. Losing $30,000 on the First Project Maura's personal account of her first real estate project in Pleasant Grove, Alabama. Detailed account of mistakes made, including budget overruns, timeline delays, and pricing errors. Acknowledgment of failures as crucial learning opportunities in the real estate industry. The importance of sharing failures and avoiding the illusion of easy success in real estate. Lessons Learned and Silver Linings I learned a hard lesson about the importance of market research and the impact it could have had on project outcomes. Advice for new flippers: find a mentor, shadow them for six months, and learn before jumping in. Recognizing silver linings: the beauty of the completed house and the valuable lessons learned. Episode Resources: Slideshow Check out our Master Class and learn how to start or scale your real estate investing career the right way We also have an AWESOME newsletter that you can subscribe to here Follow Duratus: Website Subscribe to Our Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets

Episode 1 - Rich Dad Poor Dad Robert Kiyosaki's "Rich Dad Poor Dad" Overview of Robert Kiyosaki, his background, and controversial aspects. Summary of "Rich Dad Poor Dad" and its central theme of financial intelligence. Key lessons from the book: making money work for you, financial education, minding your own business, understanding the tax code, and more. Maura's personal connection to the book and its impact on her mindset shift. Key Takeaways and Action Steps Four Key Takeaways: #1--Educate yourself and start investing; #2--Keep your day job while starting an investing side hustle; #3--Understand the tax system; and #4--Continuously learn new skills. This Book is great for...Young Professionals and Newer Investors seeking foundational knowledge and motivation. Overall Book Rating: 7 / 10 Quick and easy read Inspires a lot of people Join us on this journey to master real estate and unlock the secrets to long-term wealth! Subscribe for weekly insights and actionable tips to propel your success in the dynamic world of real estate. Episode Resources: Slideshow PDF Key Concept Flashcards Check out our Master Class and learn how to start or scale your real estate investing career the right way. We also have an AWESOME newsletter that you can subscribe to here. Follow Duratus: Website Subscribe to Our Newsletter Facebook LinkedIn Instagram YouTube Pinterest TikTok Follow Maura: Facebook Instagram Pinterest TikTok Bigger Pockets

The Mastering Real Estate Podcast will launch in January 2024. Every week, I review the real estate industry's leading books and share my own lessons learned from working as a full-time real estate investor.