Mistake FREE Real Estate With Marck de Lautour

Jimmy Vreeland joins Marck to discuss how to thrive in the current high interest rate environment.

Marck joined Greg Helbeck on the Real Estate Investing Fast Track to discuss all things real estate from what it's like to invest in the Midwest, Marck's business model with SBD Housing Solutions, to new construction in Kansas City, and how to find buyers.

Richard Advani of Guaranteed Rate joins Marck to discuss creative solutions to combat rising interest rates and how investors can use a 30-year fixed mortgage to their advantage.

Real estate investor Brad Chandler joins Marck to discuss how to transform your mind and how that can benefit entrepreneurs.

President of Ashlar Homes, Shawn Woods, joins Marck to discuss his experience as a builder and the benefits of new construction.

Jimmy Vreeland joins Marck de Lautour on the Mistake Free Real Estate podcast to discuss their takeaways from the Collective Genius Mastermind which features the nation's top real estate investors and what top real estate investors in the country are doing to grow their business.

Matthew Pollard joins Marck to discuss rapid growth in the face on uncertainty.

DealMachine CEO joins Marck to discuss how technology is impacting real estate. 

How agents can take advantage of the real estate market.

Every quarter, my good friend Jimmy Vreeland and I sit down and talk about our experience in Collective Genius, a mastermind we are both a part of. In this episode, Jimmy and I are going to discuss what we learned from the presentations in the event, our biggest takeaways, and how we're preparing our businesses for what's coming.   Listen now to learn what happened during the last Collective Genius event and the golden nuggets we've picked up while we were there!   Key Talking Points of the Episode   00:00 Introduction 01:43 How does Collective Genius help us give back? 03:26 What are our biggest takeaways from the event? 06:53 What makes this recession different from 2008? 08:46 Where do we stand on inflation rates today? 12:44 How is inflation crushing the middle class? 14:38 How can real estate investing set you up for the future? 17:34 What is the greatest threat to every investor's portfolio? 21:31 What does real estate value appreciation look like today? 23:32 Why should people take advantage of Fannie Mae loans? 26:42 What is happening in the new construction market today? 31:16 What are we experiencing in the turnkey market today?   Quotables   “The government hasn't curbed their spending, they're not doing to make energy more accessible, so that's gonna stay expensive.”   “Kiyosaki went on Oprah in 1990, everybody knows about this! They just don't get involved, they don't get started.”   “Strategic and systematically buy assets so that when there is the next disaster and the fed does blast lower rates, then you refi everything out.”   “Like I'd always say, real estate doubles in value every 20-30 years, I think I'm gonna stop saying 30 because consistently, we are seeing real estate double in value every 20 years.”   “If you're gonna buy and hold these assets forever, for long-term, then the smartest thing you can do is lock in a 30-year fixed to get these things paid off.”   “Most home builders have not been aggressively scaling and growing based on what they fear could be a downturn.”   “Quite frankly, I think that inventory is still so shallow, especially in the big cities that are experiencing massive population growth.”   Links   Book: Principles for Dealing with the Changing World Order https://www.amazon.com/changing-world-order-nations-succeed-ebook/dp/b0881y73yg  

In a previous episode, Tyler Knott enlightened us on what's happening in our local banking and how it relates to real estate. Today, Tyler is back to share his banking career journey. Tyler's family has owned the bank for 120 years, and they envision having it for over 110 years to come. Tyler began his career in banking as a teller, and he worked his way up.  If you are wondering how Tyler got to be the chairman and CEO of Bank 21, this episode is for you. Tyler shares his journey and some of the mistakes he has made along the way. Also, if you are worried about what the future holds for us economically, you must listen to Tyler's prediction.  Listen and learn. Key Talking Points of the Episode: 01:22 How Tyler grew up in banking 03:14 Positions that Tyler has had at Bank 21 05:16 Banking as a business 06:29 The symbiotic relationship between deposits and loan customers 09:09 What makes a good loan? 11:08 Why is real estate such a great piece of collateral 11:41 Debt coverage ratio 15:09 The different lending buckets that Bank 21 has 16:34 How Bank 21 pivoted through 2008 20:17 How Tyler's law degree helps him as the CEO and chairman of Bank 21  22:17 Tyler's goal for Bank 21 for the next five years 25:21 Impacts of the high-interest rates on the economy 26:39 Is there a drop in lending requests due to the high interest rates? 28:58 Do we have a recession coming? 30:33 Why Tyler loves single-family asset class 33:21 Qualities of SDP borrowers 36:34 Mistakes Tyler has done in real estate 38:42 Three people Tyler would golf with Quotes: “The best way that I can move this bank forward is to be in it and building the right systems to deliver excellence.” “You only have so much time in a day and so if you're having to hands on train every single person on every single aspect then you're going to stay very small.” “If there aren't houses to buy, there's got to be houses to rent.” “You can have a great lender and someone that you trust, and you're assuming that inspections are getting done, but never assume, you know, build those systems in place.” Connect with Knott Tyler: LinkedIn: https://www.linkedin.com/in/tyler-knott-9532435/ 

Did you hear of the collapse of the Signature Bank? The collapse was caused by customers withdrawing over $10 Billion in deposits. failure of the Signature Bank was triggered by the failure of Silicon Valley Bank, aka SBV which had announced a need to raise some money for its balance sheet. As investors, should we get worried? In this episode, Tyler Knott joins me on the podcast to enlighten us on what's happening in our local banking and how it relates to real estate. Tyler is the chairman and CEO of Bank 21. He helps us understand how bank failures happen, the different types of bank failures, how they relate to real estate, and how banks can safeguard themselves from failure.  Listen in and learn. Key Talking Points of the Episode: 00:19 What is bank failure, and what are the different types? 02:49 Importance of short-term bonds 07:55 The power of the Federal Deposits Insurance Corporation (FDIC) 12:47 Understanding zero-rated loans 13:33 What percentage of the bank's deposits come from wealthy depositors? 21:52 The difference between liquidity failure and asset failure Quotes: “On a balance sheet, a bank balance sheet depositors' money is a bank's liabilities, and assets are bonds or loans.” “Fed funds is going to earn a lot less than a longer-term bond. But you've got a lot of liquidity risk.” “A bank's reputation is key, in any industry, but the reputation for proper management is 100% key. Proper management means diversification.” Connect with Knott Tyler: LinkedIn: https://www.linkedin.com/in/tyler-knott-9532435/ 

Lee Arnold is a man who has built some incredible business empires in the real estate investing space, but more than that, Lee has built incredible ministries as well. In many ways, Lee has failed but has a powerful message and story of how some of the most successful businesses are born from failures.   Listen in to the immense wisdom and experience from Lee Arnold!   Key Talking Points of the Episode   00:00 Introduction 02:15 What was the biggest lesson Lee learned as a new investor? 04:09 How did Lee get into real estate investing? 08:00 How does Lee help change people's minds about real estate investing? 10:11 How does Lee's program help new investors become successful in real estate? 12:45 Why do some people fail to find success in real estate investing? 16:30 How is the current economy affecting Lee and his businesses? 21:05 What does the market in Idaho look like today? 24:27 What challenges are there in building affordable housing today? 26:29 Why is Lee passionate about business leaders and their faith? 29:19 What is one big mistake Lee made in business in the past? 32:15 Why are debt and leverage not equivalent to income? 35:33 Who would Lee want to spend an afternoon playing golf with?   Quotables   “When somebody told me that funding is attracted to opportunity, not people, that really jumped out at me because I was the least attractive person from a financial standpoint.”   “For most people, real estate is the most accessible thing because if there's two things everybody needs, it's food to eat and a place to live.”   “I love passive income, I love cash flow and turnkey real estate, but I think for some, they buy it too early and they don't have the cash to weather the storm of vacancies or a heater going out, or a tenant trashing the place.”   “I don't know how people who do not have faith in God run a business because it is stressful.”   “Stay humble, stay in affordable housing, stay in the 5-point criteria that I gave you. There's nothing wrong with wanting to buy skyscrapers and build giant properties but if you can't do it with cash, don't do it.”   “Stick to the fundamentals, stick to the basics, and if you will do that, you will have a very successful business.”

Kim Tucker is the co-founder of the Kansas City REIA and the Mid-America Association of Real Estate Investors. She is one of the most influential people in the real estate space in Kansas and she is with us today to talk about her journey, the mistakes she made, and the lessons she learned along the way.  Listen now to learn more about Kim, how real estate investing has been for her, and what advice she has for investors today! Key Talking Points of the Episode 00:00 Introduction01:45 Why did Kim decide to co-found their own REIA?03:10 What attracted Kim to real estate?04:28 What kind of strategies did Kim use when they started investing?06:45 What was Kim's time as a landlord like?09:19 What mistake led Kim to becoming an accidental landlord?10:30 Why is it important to have the right systems in place for your rentals?11:52 Why do you need to track service tickets in your rental properties?13:38 What issues are we facing in the real estate space today?15:18 What can we do to help protect the community from these issues?16:19 Why is it important to be aware of what's happening in your local market?19:55 What was it like in Kansas City during COVID?22:10 What part of Kim's events does she love the most?23:52 What is the best way to make the most out of a REIA meeting?26:46 What is the best way to find funding for your deals?27:55 What are the benefits of doing virtual REIA meetings?29:18 What is the market like for buying and selling today?33:02 What is one of Kim's biggest mistakes in her real estate investing career?35:25 How can people start investing passively today?36:22 Why should people start investing in real estate earlier in life?38:01 Who would Kim want to take a long walk with? Quotables “We were doing the deal to do a deal and I don't recommend doing that.” “I highly recommend if you're gonna manage yourself, to invest in systems. Learn systems, have somebody help you get them set up so you don't have anything falling through the cracks.” “Try to focus on creating more affordable housing, but be aware that rent control could come down at any time, so make sure you're not under market on your rents.” “Just like we say only 5% of the landlords are bad and they're making all these rules and regulations for everybody for 5% of the landlords, only 5% of the tenants are causing issues.” “Even if you know, you might be an expert on whatever it is the speaker is teaching, you'll still get something out of it.” “I found that bragging about your deals is the best way to find money. Just let people know what you do.”

Greg Iverson is a mortgage broker and he will be working with our investors soon and he wanted to introduce me to his investor-base, so we did an episode together. Tables are turning today as I am the one being interviewed about why real estate and turnkey investments. Listen now to learn why we got into real estate and why turnkey investments are the key in this kind of economy! Key Talking Points of the Episode 00:00 Introduction01:38 What is my background?03:25 What made me decide to get into real estate investing?04:40 How did we take advantage of the crash in 2009?06:24 Why is delayed gratification important in real estate investing?08:35 What are the benefits of doing build-to-rent projects today?12:54 Why do we do in-house property management?14:24 How do we minimize the need for maintenance?17:08 What should investors be on the look out for in today's market?21:29 What is my advice to investors who want to wait?23:12 How can you pass your assets to your children without taxes?25:50 How can you connect with our team? Quotables “I'm convinced that the ones that can stay the course and work that plan that they set up regardless of the market, those are the ones that long-term, that win.” “Real estate is the turtle and not the hare. What we're preaching here, it's not a get-rich-quick scheme.” “They say delayed gratification is the sign of maturity and I think never moreso than with just rental real estate, you've gotta have the diligence and patience to be buying now to enjoy the fruits of your labor 15 years later.” “There are only so many homes out there you can rehab, so you have to get a little bit creative and find other opportunities.” “I am a firm believer that to be a true turnkey provider, you have to be doing property management yourself, otherwise you're just a house flipper.” “We don't upcharge for maintenance at all. We want our investors to have the strongest cash flowing asset possible, meaning we're doing everything we can to decrease maintenance. “The good product out there that's beautifully remodeled, in good condition, and is move in ready, is getting multiple offers and is still of high interest, and we're getting our asking price.” “There's no better way to hedge inflation than owning assets that will go up in value.” “One of the beauties of real estate investing is you get to pass all of your assets to your children tax-free through step up basis.” Links Instagram: Marck de Lautour https://www.instagram.com/marckdelautour   Email: SBD Housing invest@sbdhousing.com   Website: SBD Housing https://sbdhousing.com/

Virtual assistants are becoming more common day by day. Unfortunately, most businesses are yet to learn how to go about sourcing a VA. One thing that we all know is the fact that the hiring process takes work and consumes a lot of time. You advertise a job opening, receive hundreds of applications, conduct numerous interviews, and then land on a VA who stays just a few days. That is frustrating, right? Today, I have the privilege of hosting Bob Lachance. He owns Reva LCC, which offers virtual assistants for the real estate and medical industries. Bob and his company ensure that we have skilled and trained virtual assistants. His company sources VAs from the Philippines. In this episode, Bob shares how a virtual assistant can work in your business and become a great asset. Also, he shares his athletic and entrepreneurship journey. Listen to learn more. Key Talking Points of the Episode: [01:14] What does Bob Lachance do for a living? [02:51] Bob's athletic experience [04:41] The transfer portal in sports [07:03] Bob's experience travelling the world for sports [07:37] Bob's family experience [11:15] What inspired Bob to start his company, Reva Global [13:25] What led Bob to work with VAs from the Philippines? [14:43] How can people utilize virtual assistants? [17:38] How Bob and his Company Prepares Vas for the American market [23:25] What helped Bob's s business survive the pandemic? [25:02] How much does a VA get paid? [28:23] How Bob is helping other industries make use of virtual assistants [30:17] Mistakes and lessons that you have learned in business and life [32:47] Four people that Bob would love to play golf with   Quotes from the Episodes: “One of the greatest attributes for people that win in life is that they just don't quit.” “The power you can have by freeing up your time to have others do either remedial or repetitive tasks is really powerful.” “Focus on your gold metal talent and just keep this.”- Jeff Hoffman Connect with Bob Lachance: Website:  https://revaglobal.com/  LinkedIn: https://www.linkedin.com/in/boblachance/  Resources Mentioned in the Episode:  The 4-Hour Workweek- Timothy Ferriss

Everyone has been talking about how high interest rates are, and while this is causing a lot of fear and panic among new investors, those who have been in the game longer are seeing it differently. Jimmy Vreeland is with us on the show today to shed more light on this matter and help us better understand why these interest rates create great opportunities for real estate investors.   Listen now to learn more about the effects of interest rate hikes on the real estate market and why it is the best time to buy properties!    Key Talking Points of the Episode   [00:00] Introduction [01:52] How are rising interest rates clearing the field? [06:14] What is the impact of high interest rates on prices? [09:09] Why shouldn't you bank on low interest rates? [12:48] What do these rising interest rates really mean? [16:05] What makes real estate the greatest inflation hedge? [18:49] How is real estate investing similar to a baseball game? [22:08] Why should you start investing while you're young? [23:16] How does turnkey investing really work? [24:32] When do massive rewards in real estate come?

Sometimes the host becomes the interviewee, and the guest becomes the host. Our host for today is David Choi. He will take Marck through an in-depth conversation to find out what they are doing to remain profitable.  Marck de Lautour is the Founder and CEO of SBD Housing Solutions, providing turnkey real estate investments to buyers. SBD focuses on single-family rentals and long-term investment strategies. The economic times are difficult, and different companies are taking different approaches for them to remain profitable. Some are cutting down costs wherever they can, while others, like SBD housing solutions, have adopted different ways of disposing of assets. Marck shares all the fine details in this episode.  Also, Marck shares how they hire and retain talents, their verticals at SBD and explains the pros and cons of owning other asset classes. Listen to this episode and learn from the conversation. Key Talking Points of the Episode: [01:23] Getting to hear Marck's background [02:34] How Marck got started in real estate [07:28] What does Marck's team look like? [11:17] How to hire fantastic talent [13:18] What does Mark do for a living? [18:28] The different kinds of verticals that Marck's company handles  [23:44] The pros and cons of owning other asset classes [32:39] How the economy is affecting Marck's business and what they are doing to remain profitable [36:53] How to get in touch with Marck Quotes from the Episode: "Everyone goes through pivots. And typically, they can often come in the downturns rather than the up swings in a in a market cycle." "A turnkey real estate provider is someone who sources or buys, remodels and gets assets rented out, typically single families or duplexes. Once it's a turnkey it's a done for you rented out cash flowing, single family or duplex asset. They then we sell it to an investor."

I was recently invited to be a guest on Big Mike's Real Leverage podcast, where we talked a lot about the real estate market today, especially in Kansas City. We discussed inventory, interest rates, strategies that work, and so much more.    Listen now to learn what has been going on in the real estate market in Kansas City, the turnkey space, and what we have been doing to ride out this wave!   Key Talking Points of the Episode   [00:00] Introduction [03:55] What is the market like today in Kansas City? [04:20] What is turnkey real estate? [06:01] Is it a good time to buy real estate in Kansas City? [07:50] How has the market correction affected real estate? [10:35] What is the role of affordability in the current condition of the market? [13:19] How is new construction doing in Kansas City? [15:15] Why is a recession inevitable in this kind of economy? [18:29] Why should people still buy turnkey properties today? [23:57] What does the future look like if inflation continues to stay high? [26:15] What makes today's economy different from what it was before? [29:13] How can we continue operating with high inflation? [30:55] What is the real estate market going to look like in this kind of economy? [32:05] What is the substitution effect? [34:50] How soon could interest rates start coming back down?

Aaron Chapman of Security National Mortgage Company is one of the most knowledgeable people I know when it comes to mortgages and real estate. He is with us on the show today to help us better understand what's going on in the market.   Listen now to learn more about the changes in interest rates and how they are affecting home buyers, sellers, and the market in general!

Steve Trang is a successful real estate investor, business owner, sales trainer, and podcaster. He has interviewed and worked with so many real estate investors and he is here to tell us about what he has learned through the years.    Listen now to learn more about Steve and his journey so you could learn from the mistakes he made in the past!   Key Talking Points of the Episode   [00:00] Introduction [01:30] What are the traits of successful investors? [03:25] How have the last 2 years been for Steve? [05:15] How does Steve react to the realization that he isn't where he wants to be? [07:06] What does Steve do with his time away from the business? [08:40] What does success look like for Steve? [10:29] How is Steve's mission to make a hundred millionaires going? [11:27] What will Steve do after he accomplishes his mission? [12:22] What are Steve's thoughts on active and passive investing? [15:00] What was it like for Steve in 2007? [17:30] What is the impact of inflation on the market from where Steve is? [21:30] How is this downturn going to impact wholesalers on the market? [23:40] What is the best way to educate customers? [25:51] How can other investors have an advantage today? [27:15] What's happening to the rental market today? [29:05] Why did Steve decide to buy a bank? [32:33] What is an NFT? [34:17] What is the value of an NFT? [36:10] What benefits do you get from NFTs? [39:45] How will real estate change when it enters the blockchain? [40:27] What is one of the biggest mistakes Steve made in real estate? [44:02] How has social media changed Steve's life? [47:36] Who are the 3 people Steve wants to be with for an afternoon of golf?

The Collective Genius Mastermind that Jimmy and I are part of has the top 1% of real estate investors from all over the country. In this episode, Jimmy and I are talking about our takeaways from the last CG event from the top networkers and investors we've met.    Listen now to learn more about our experience and the gold nuggets we've picked up along the way that could help you succeed as a real estate investor!

Bruce Norris is one of the economy's bright lights in the real estate industry. He is an active real estate investor, lender, and educator in the space. He has been in the industry for 35 years and he is here to help us better understand what's going on in the real estate market today.   Listen to this episode to hear what Bruce thinks about today's real estate market and many other gold nuggets from a true industry expert!

There comes a time when tables turn. A host becomes a guest, and a guest becomes a host. Today, I get to be a guest on King Khang's podcast. Khang will be interviewing me, intending to understand my real estate journey. Khang and I are members of the Collective Genius  Mastermind, and we are both immigrants to the country. My real estate journey started when I was pursuing my MBA. I flipped a house and thought it would be a great path to follow. So far, I'm glad I chose the right path. In this episode, we'll talk about how I started in real estate, built a team, work-life balance, how I survived a recession, and Airbnb's, among other interesting topics.   Grab a notebook and pen. You might need to take some notes. Key Talking Points of the Episode: [02:23] Where is my origin? [02:57] How I started as an entrepreneur [06:13] How I flipped my first house [09:57] How to build a team [12:59] When do you know you are ready to start hiring people? [14:20] How many hours a day did I work when I started? [16:08] Work-life balance [21:01] Why do I think celebrity couples don't work out? [23:53] How was the 2008 recession? [27:45] How you can protect yourself as a fix and flip in case there is another recession [29:43] How much reserve should you have when fixing and flipping property? [32:00] My take on the current real estate market [35:28] Single-family versus multifamily [37:19] My thoughts on Airbnb [42:34] Where I'm I doing my business at? [43:49] The upcoming The Multimillionaire Club Quotes from the Episode: “If your pocket is not deep enough doesn't mean other people don't have a deep pocket.” “For every rental property that you own, you should have $3,000 in reserves, in my opinion.” “The first thing that happens in a real estate downturn is that the ability to borrow money dries up quickly for those that are not well supported.” “Anyone who aspires to be best in class, they throw work-life balance out the door.” “For every two or three wholesale deals you do, you've got to start holding on to one.” “Don't compare your success or progress level with someone else's. Because we all learn differently.”

Are you looking to become a successful investor? You have to be ready to be a boring investor. Investing should be like watching paint dry or grass grow. If you want excitement, take $800 and go to Las Vegas. In this episode, I have the privilege of hosting one man who calls himself a boring investor, Paul Moore. He will be sharing his journey to becoming a boring investor and giving us some nuggets of wisdom that we can apply in our journeys.

 Do you belong to any mastermind groups? If you don't, it is time you join one. You need to keep in mind that you'll have to strip yourself of your ego and be willing to be the humblest person in the group. Masterminds are about learning from other people, and you cannot do that if you think you are the most intelligent person in the room. In this episode, Jimmy Vreeland and I will be recapping our last Collective Genius mastermind  event in Scottsdale, AZ. Jimmy and I will be sharing some of our highlights from the mastermind speakers. Also, we'll have a moment to go over Jimmy's presentation on taking massive action. Key Talking Points of the Episode: [02:36] Jimmy's thoughts of Allistar's presentation, load-bearing fictions [03:48] My biggest takeaway from Allistar [10:54] Jimmy's key takeaways from Daniel Marco's presentation [14:47] The inverted leadership model by Daniel Marcos [28:26] How taking massive action has impacted Jimmy's business [19:57] The CG slap [21:36] Running to the abyss [25:20] How Jimmy picks his one thing [26:47] Jimmy's thoughts on being a go-giver Magical Quotes from the Episode: “It's not things people don't know that necessarily hurt them. It's things that people think they know but just aren't true, that is the most damaging.” “You have to think outside, the media or the government. None of them have our best interests at heart, and you have to truly analyze where your company's at, where you're trying to go, and what industry pressures we're going to face along the way.” “If you want to get massive action out of it, you just got to promise me you will make fun of me.” “Give more to get more.” Connect with Jimmy: Podcast: https://podcasts.apple.com/us/podcast/rise-up-live-free/id1500021021 LinkedIn: https://www.linkedin.com/in/jimmy-vreeland/

Today is Sarah Chapman's first day at SPD. Sarah believes that today is the best day to record the podcast. She is excited to be here, and she believes it doesn't get more exciting than day one. Before joining real estate, Sarah worked in hospitality management, event management, customer service, and sales. Twenty-two years ago, she decided to take the bold step of joining real estate, and since then, she has worked with several big companies in real estate. In this episode, Sarah will share her career journey, tools that big real estate companies use to scale, the importance of excellent communication, her plan for the next 90 days, among other exciting topics. Listen in to this episode. Key Talking Points of the Episode: [02:13] Getting to know Sarah [03:09] Who has Sarah been working for in the last seven years? [04:31] Acquisition channels that big companies are using to scale their inventory [05:57] What Sarah's role as the regional vice president of property management entailed [08:23] Sarah's beliefs on the simplified management company [10:01] Sarah's thoughts on what makes a good property management firm [11:50] Did Sarah's previous companies have a geographical preference? [14:53] How to reduce vacancy and maintenance [17:19] Importance of great communication [19:49] Setting expectations [21:07] What attracted Sarah to SPD? [22:24] Sarah's focus for the next 90 days Magical Quotes from the Episode: “Planning starts at the point of acquisition.” “Self-touring boxes are amazing. It allows one leasing agent to show unlimited homes at the same time, credible scalability, but they don't sell themselves, they attract someone themselves.” “There's reasons why homes don't lease. If your product is right, then it's something else.” “Integrity, transparency and communication can take an organization a really long way.” “You can't fix something until you know what's actually broken.”

Creativity can bring a new look to a house and even bring up its value. In this episode, I have Eric Drake joining me on the show. He is a contractor with a very artistic eye. Working with Eric is one of the best things that has happened to me. I have seen how creativity can transform a home without breaking a bank. Eric insists that you need to consider time, budget, and quality of the output when doing any renovation. In this episode, Eric will take us through some of his favorite projects, advise on things that should worry us the least when remodeling a house, questions to ask when hiring a contractor, among other things. If you have a home or homes that needs remodeling, it would be best to listen to this episode. Key Talking Points of the Episode: [01:13] Eric's background in contracting [02:47] The first house that Eric and I did [03:16] Eric's experience working with SPD [04:09] Eric's favorite projects [12:15]When flipping a house, which parts of the house shouldn't worry you, especially when it comes to flipping? [15:02]Questions that people should ask when hiring a contractor to remodel the kitchen and bathroom in their personal home [17:41] What gets Eric motivated? [23:09] One of the craziest mistakes that Eric has made [25:24]People that Eric would like to spend time with Quotes from the Episode: “You take everybody's knowledge and put it in one lump sum and make fine tune that's smooth.” “Every house I do. I'm going to pretend that my kid both my kids are going to live there.” “Anything can be done. It's just a matter of, picking your battles.” “Every good idea is grown from another idea.”

Imagine buying a property at $9.6 million and selling it at $19.6 million three years later. Isn't this the perfect testimony that buying and hold is the way to go in real estate? In this episode, I have Corey Peterson joining me on the show. He is the king of multifamily home syndications. He's an author, podcast host, mastermind host, and coach. Corey has learned how to create both financial freedom and time freedom. Corey and I met in a mastermind, and now we are doing business together.

Have you wanted to grow your portfolio, but you have no idea where to begin? This episode is for you! Dr. Andy Baber will be sharing his real estate journey and how he has grown it over the years. Andy started buying real estate in 2015/2016. He had a few misadventures that became a learning ground for him. Andy will share some of the best lessons throughout the investment period. Also, if you are wondering how best you can deal with debt capital, Andy has some ideas for you.

My good friend Jimmy Vreeland of the Rise Up, Live Free podcast and I are back to talk about the Q4 Collective Genius mastermind and our takeaways from the event. This is now becoming a tradition for Jimmy and I to come together and talk about our experience and the nuggets we've learned.  Listen now to learn more about the speakers at the Q4 Collective Genius mastermind in Orlando, what they talked about in their presentations, what we've taken away from them, and how they can help you too!    Key Talking Points of the Episode   [00:00] Introduction [01:14] Why is a mastermind important? [01:47] Jimmy's insights on the Orlando event [02:42] Meeting Brian Adams  [04:35] Paul Moore's discussion [06:05] Investing is boring [07:56] What Jimmy learned [10:07] Matt's presentation on Tuesday [12:23] Taking what you learn and implementing it [13:18] Sharing what you do to inspire others to do the same [15:50] Creating impact on the community [16:45] Why business owners need to get involved more in the community [19:20] Wednesday with Frank Kern [21:14] Reminding people of what you do [23:28] Eli Fisher's presentation [25:58] Wrapping up the CG mastermind [27:19] Being competitive in life [28:23] The definition of success [30:15] The ceiling of complexity [33:00] Jimmy's notes from Larry's talk [34:41] What's the purpose of a business? [37:17] Final thoughts on the mastermind   Quotables   “I believe that through collaboration and partnerships, you can strengthen and gain more clarity not only in who you are and what your purpose is, but also gaining strategic insight on how to build your business and become more profitable and efficient in the way that you run your business.”   “If you do invest the time and the money to do masterminding, to travel, to do all that stuff, I think one of the biggest mistakes people make is that they don't set time aside to reflect.”   “It's easier to do than to think, and thinking time is extremely valuable.”   “Most people are doing somewhere between 75 and 400 deals a year, this guy does one deal a year! One deal, but it's normally around 1000-2000 units.”   “Sometimes, bigger isn't necessarily always better. Scaling to 20-30-40 employees obviously comes with many challenges.”   “I've been staying off the crypto bandwagon. I've always thought it is a reasonable hedge and now I'm definitely going to start tinkering - not to make any money, but as a hedge.”   “You can wake up everyday and complain about all the things you have to do, but a simple mindset switch of ‘I get to do this' - how empowering that can be.”    “His whole purpose for the business is not about getting wealthy or getting rich, but about having an impact on the community.”   “Matt's advice was just ‘start where you're at and go where you are'.”    “Just like anything else in business, you fumble along and you figure it out.”   “I think business owners need to start entering the narrative, because if you look around what's going on today, everybody's trying to be convinced that the world is falling apart, and it's just not.”   “If you think nonprofits alone or let alone the government is going to make that kind of impact, you're out of your mind. It's too inefficient for the government to take care of people that way. We have to step up as citizens and business owners.”   “Anytime that you need to drive content-based, or any kind of marketing, it's gotta be done on a consistent basis.”   “We're committed, that's one of our commitments for this quarter and a really big takeaway, is to really drive some content through our social media platforms just to let people know what we do.”   “You don't need to go out there and brag or boast about what you're doing. You simply need to remind people of who you are and what you're doing because you think that everyone is looking at you and you're doing the same post over and over, but they don't care.”   “They're scrolling from one thing to the next and the fact that you're putting more content out there, you're given the chance to kind of reach an audience.”   “The whole impact really was to tell your story or someone else will.”   “Should we leap for the next achievement in 2022 or is there something else out there?”   “There's something about being a competitive human being. I think the competitive spirit is great, but I don't know, to live a life like that - always hitting the gas as hard as you possibly can, I don't know if it's sustainable or if it's gonna get you what you actually want.”   “Most people see success as setting a goal and then achieving it, but the problem with that is, just feeling the exact same thing right after. You gotta set another goal and go crush it, and you're constantly setting yourself up for failure by setting a goal and then achieving it, and then pushing really really hard and when you get there, you realize that it wasn't as fulfilling as you thought it would be.”   “His definition of success is an optimized daily experience sustained over time.”   “The habits that got you to have the success and get you to where you are, are the same habits you need to break to enjoy the success that you have.”   “If you focus on achievement, there's a high probability that you're going to achieve it, but if you focus on achievement, there's very little chance that you will feel fulfilled.”   “Focus on the fulfillment and then the accomplishments, essentially will come.”   “What's the purpose of a business? It's to produce feelings of success and optimized daily experiences that are sustainable over time for clients, owners, teams, and family.”   “You've gotta have a scoreboard to give your employees a winnable game. Having that helps them know when they're winning so they can feel fulfillment.”   Links   Instagram: Marck De Lautour https://www.instagram.com/marckdelautour/?hl=en   Jimmy Vreeland https://www.instagram.com/jimmyvreeland   Podcast: Rise up. Live free. https://rise-up-live-free.simplecast.com/

Self-directed IRAs are not a new concept but people are still unaware of the benefits it can bring. In today's episode, we have Juan Deshon from Quest Trust Company to uncover what self-directed IRAs are and how you can take advantage of them!    Juan Deshon has been working for Quest Trust Company for 5 years now and he is my personal self-directed IRA representative. I've had great success through him and his company and I want you to learn how to do it too.    Listen to this episode so you can have a better understanding of what makes a self-directed IRA different from other IRAs and what the benefits are for you!    Key Talking Points of the Episode   [00:00] Introduction [00:56] Who is Juan Deshon? [01:38] What is a self-directed IRA? [02:31] Quest and their self-directed IRAs [03:30] What does Quest do? [04:25] Who is ideal for a self-directed IRA? [06:08] The ease of transacting with Quest [06:43] What is a rollover?  [07:00] Finding your investment [08:14] Distribution from retirement accounts [09:43] Are there prohibited investments? [10:50] Investing in private lending [11:25] Private lending's passive nature [12:57] Different ways to take advantage of the IRA [14:04] Real estate syndications [14:30] IRS restrictions for IRA accounts [15:51] Depreciation and leverage with IRA [16:41] Investment vehicles for self-directed IRAs [17:55] What are the mistakes people can avoid? [19:31] Quest Trust Company   Quotables   “The self-directed IRA is still an IRA. It's actually just a marketing term.”   “A self-directed one means that you can invest into non-traditional assets. If the term ‘self-directed' is not there, it will most likely mean you cannot invest in non-traditional assets, or mostly in the stock market in general.”   “You have to use an intermediary - you have to use us to do the same thing, except the asset class is changing.”   “By keeping it in the IRA, keeping it under the hands of a custodian like us, you're not being taxed until you decide ‘I wanna retire and do something with that personally'.”   “Everyone can take advantage of a self-directed IRA, but someone that really should be able to jump into this right now, today is gonna be someone that has an entrepreneur mindset that wants to get out of the stock market.”   “The whole point of it is you have an end goal and we're gonna help you get to it.”   “A rollover is a fancy word for the movement between an employer plan to an IRA.”   “Now we've moved funds over from the 401K plan in this situation, now you have to find your opportunity and this is where self-direction comes into play. Quest won't give you a list of opportunities.” “My returns go into my retirement account. It's not my money until I distribute it.”   “Most Americans coming from 401K plans, they're probably gonna be taxed by the end of the retirement stage.”   “If they can't value it correctly, the IRS can't tax you properly.”   “I think IRAs are designed to be fairly passive.”   “A savvy investor has to really up their knowledge when it comes to IRAs and really plan far ahead.”   “Depreciation is completely taken out of your hands. Leverage isn't completely taken out of your hands, but you have to get what's called a ‘non-recourse loan'.”   “Just a little bit of education can get you a long way.”

One common mistake that we see many real estate investors make is not knowing the financial side of their business. They're so focused on getting as many deals as they can and they either avoid or abdicate their financials, so it gives them a lot of problems in the long run. In today's episode, we have David Richter to help us learn what we need to do to stop living from deal to deal and actually create a business that's profitable. David Richter is a published author and a Profit First expert. He wrote the book Profit First for Real Estate Investing and he's telling us why this system is something we all need. Key Talking Points of the Episode [00:00] Introduction [00:55] Who is David Richter? [01:17] How did David become a Profit First guru? [02:23] Bringing the idea to Mike Michalowicz  [03:00] How did David get involved in real estate? [04:19] Working with a company in NW Indiana [04:59] Coming to the Collective Genius as a service provider [05:56] Where the cash eating monster comes from [06:44] Your responsibility as the business owner [07:19] The biggest problem of most investors [08:10] The pay cash, close quickly mentality [09:14] The Profit First formula [10:35] Profit First as a discipline [11:30] The big difference in Profit First for Real Estate [12:45] The other accounts you should be opening [14:05] Reserves can help grow your business [15:17] Making profit a habit [16:26] Why is it so hard to make profit a habit? [17:25] How important are the right people in the right roles? [19:55] 1-800-sell-now [20:34] David's biggest mistake in real estate [21:41] 3 critical points in owning rental properties [21:57] Partnering with clients as a CFO [23:17] Who are the people who need Profit First? [25:26] Profit First for Real Estate Investing   Quotables   “95% of the time, I would say it's like that, where the number one mistake we see is just avoiding the financial side or just abdicating the responsibility of the financial side to someone else.”   “As an entrepreneur or business owner, you at least have to have that control over your cash, and know where your cash is flowing, where your cash is going.”   “As the business owner, you have to be savvy but you don't have to be an accountant or a bookkeeper, and all that.”   “No one's really taught you this side. I get it, you're not the CPA, bookkeeper, or accountant. You haven't been taught just basic money management at a high level at all.”   “With this “pay cash, close quickly” mentality, there's a tendency to use all their cash in the next deal and as you scale and grow, inventory expands, you pour more money into the assets so your balance sheet is heavy, but you can absolutely be very very cash grabbed.”   “You might be doing 100 deals a month, but you still gotta be able to live and eat and pay your people the next week.” “It's income minus profit equals expenses, so it's just switching the profit and expenses. So you make a sale, you collect income, then you take your profit first and what you left over is expenses in the business.”   “We've heard that over and over and over again, but I feel like it hasn't hit home until you see money in accounts and you're making profit a habit in your business.”   “I love the formula, I love that shift in mentality, but I love that it has teeth behind it too in the practical side.”   “Making money is a skillset, but retaining money is a discipline.”   “I teach about reserves and how it's peace of mind for you. You don't have to live from deal to deal.”   “Lenders love reserves. They love to be able to see those reserves in your account.”   “The whole point of this system is making profit a habit inside your business, not just this one time event at the end of the year, hopefully, that you have money leftover to take at the end of the year.”   “You gotta get into some kind of rhythm for you that you know you can do for your business.”   “There is this stigma that I hear the words CPA, bookkeeper, accountant, and I automatically shut down.”   “You have to have the right people and trust them to get the bookkeeping in place and to do the taxes right.”   Links   Website: Simple CFO Solutions https://simplecfosolutions.com/   Book: Profit First for Real Estate Investing https://www.amazon.com/Profit-First-Real-Estate-Investing-ebook/dp/B098865Y5B

Have you been trying to scale your real estate business, but not seeing any progress? This episode is for you. Marck de Lautour joins Shaun and Joni in the Wolf's Den. Marck will share his backstory and the different strategies he has used to scale his business and conquer other markets. Marck graduated with a master's degree in International Business Management from the University of Missouri Kansas City. The founder and CEO of SBD Housing Solutions is a turnkey real estate investment firm based in the Kansas City area. He has been investing in real estate since 2002. He has successfully flipped over 1600 homes in the US. His property management firm now manages over 650 rental homes. Marck's team will flip over 250 houses in 2021 and has growth plans to reach their big goal of 1000 homes flipped in a year by 2024.  Grab a notebook and pen. You need to take some notes. Key Talking Points of the Episode: [01:55] Marck's backstory [03:57] How Marck has evolved over the years [06:18] Valleys that Marck has been through and how they have shaped him into the person he is [12:30] The essence of hanging around higher-level people [13:46] Guardrails to keep when working with a friend [18:34] How Marck manages working in different markets [37:30] How does Marck finance his deals [29:01] Where does Marck think things are headed in the next couple of months? [33:10] What's next for Marck and his company? Quotes from the Episode: “You can't be the answer to every question. Surrounding yourself with more talented individuals is the best way to go.” “I've realized is that the strength of the CEO or the strength of the entrepreneur will eventually become the weakness in the company.” “Most visionaries are not good at accountability because they've just driven. They drive themselves, and they're surprised when others are not equally driven.” “I believe that the stock market is frothy. I think that there will be a correction coming sooner rather than later. We want to be there to help people diversify.” Connect with Marck de Lautour: LinkedIn: https://www.linkedin.com/in/marck-de-lautour/ Website: https://sbdhousing.com/ Podcast: https://www.audible.com/pd/Mistake-FREE-Real-Estate-With-Marck-de-Lautour-Podcast/B08JJNWRD8

Are you in real estate thinking of earning a strategic relationship? This episode is for you! Today I have the pleasure of hosting Corey Peterson on the show. Corey and I are in a strategic relationship. The beauty of our relationship is that our roles are clearly defined, and none of us micromanages the other. Corey Peterson is a multifamily investor. He's an author, podcast host, mastermind host, and coach. Corey has learned how to create both financial freedom and time freedom. Corey enjoys serving others by building both his and his investors' wealth and teaching others how to do it. In this episode, we'll be telling you how our partnership began, the deals we have done together and what we are looking forward to in the future. Also, Corey will share some nuggets of wisdom for the newbies in the industry. Listen in and learn. Key Talking Points of the Episode: [01:08] Getting to know Corey [09:18] How Corey Peterson started talking about controlling capital [05:15] Core values of a strategic relationship [11:48] Raising money from investors [20:05] The one Robins portfolio and what Corey loved about it [23:02] What do the next five years look like for Corey and his company [24:57] What is Corey currently reading? [27:33] Advice to people who are just joining the real estate world Quotes from the Episode: “Being a trustworthy, upstanding person who does what they say they're going to do and at the end of the day, the one thing that I can say confidently is that my investors trust me.” “Nothing ever works when you rush a deal.” “Nothing works when you rush a partnership.” “If I'm going to put my investors capital to work. I need to know who I'm dealing with.” “I love the way that we each stay in our lanes, and we respect each other's role.” “We believe that that real estate is the safest vehicle out there and that more people should be being deployed into that asset class and we just choose to work with those that are high income and high net worth.” “No matter what people say, buy and hold.” “I truly believe that it's not about how much money you make, but the assets that you buy, with your income.” Connect with Corey Peterson: Website: https://kahunawealthbuilders.com/ Resources Mentioned in the Episode: Own your Freedom-David Phelps A road less Stupid - Keith Cunningham  

What kind of freedom are you looking for in life? Is it the freedom of time, money, or mind?    There is a way you can achieve freedom, no matter what kind it is you're looking for. In this episode, we are joined by SBD Housing Solutions' Investing Liaison, Mike Sullivant, to talk about the experience in the recent Freedom Founders event we attended and the book, Own Your Freedom, by Dr. David Phelps.    Dr. David Phelps is the founder of Freedom Founders. He has been a dentist for a number of years until his daughter fell sick. He had been investing in real estate at the time, so he had a cushion that allowed him to spend time with his daughter, who has since recovered from her illness. Listen to this episode to learn more about the book, Own Your Freedom.    Key Talking Points of the Episode   [01:12] What is the Freedom Founders community? [01:34] Who is Dr. David Phelps? [02:36] First take on owning your freedom [03:10] Why do you need to own your freedom? [03:40] Owning your freedom number [05:06] The point of association [06:25] The five freedoms [07:12] Wealth is what you own, not what you do [08:45] Real estate isn't going to double your income overnight [09:47] Principles before strategies, strategies before tactics [10:33] What's the difference between principles, strategies, and tactics? [11:14] Transferable skill sets [12:20] What are your transferable skills?  [13:50] Challenging your thinking [14:54] Mike's thoughts on Freedom Founders and Own Your Freedom   Quotables   “The freedom number is at what point does my passive income extend beyond my monthly expenses. Finding this number of creating true passive income - income that is generated while I'm doing something else is the equilibrium.”   “Too many people think that the old style accumulation method of wealth is simply to invest in the stock market, get as much as you can to accumulate wealth, and then hope you have enough when you start depleting it and spending it when you get into retirement.”   “Having a central purpose and a common theme, it begins there.”   “You don't get rich with what you earn, you get rich with what you own.”   “Real estate is not sexy, it's not the one that's going to double your income overnight. It's something that takes discipline and time.”    “You have to know who you are. You have to have core values before you go anywhere else.”   “Tactics come and go, but your principles remain the same.”   “Critical thinking usually leads to education, more discovery, and more knowledge. That knowledge empowers you to make decisions that can turn out into financial freedom.”   “We all know that there's no one-size-fits-all investment strategy, but we also know that diversification is a wise thing to do.”   Links   Website: Freedom Founders https://www.freedomfounders.com/   Book: Own Your Freedom: Sustainable Wealth for a Volatile World https://www.amazon.com/Own-Your-Freedom-Sustainable-Volatile/dp/1735941549

Being part of a mastermind is one of the best things you can do for yourself as you take on the journey to success. My good friend Jimmy Vreeland and I come to The Collective Genius mastermind and we always have massive takeaways each time!  On today's episode, Jimmy and I are doing our quarterly wrap up of the most recent Collective Genius mastermind so that you guys who were not there with us can still get some of these massive nuggets that we found. We are talking about our gold nugget takeaways from CG keynote speaker Jeff Hoffman and how we plan to use them in our businesses. Listen now to know more about The Keys to Entrepreneurial Success! Key Talking Points of the Episode [02:20] Introduction of the quarterly wrap up [03:25] Rise up, live free podcast by Jimmy Vreeland [03:43] Who is Jeff Hoffman?  [05:05] Takeaways from meeting Jeff Hoffman in person [06:00] The Keys to Entrepreneurial Success [07:22] The ceiling of complexity [08:00] Should you do everything by yourself?  [08:43] How Silicon Valley took the entrepreneurial flare [10:23] What to do if you don't have the capital to get past your ceiling of complexity? [10:59] The mindset to get through your ceiling of complexity [11:28] Finding your gold medal talent [12:53] The safest use of capital and its inefficiencies [14:00] The strength in leveraging your gold medal talent [15:59] Investing because of FOMO  [17:42] Don't chase money, chase excellence [18:02] Freedom to pursue excellence [19:24] What does winning look like?  [20:00] Why is it important to know your non-negotiables? [22:09] Chasing excellence and developing gold medal talent [22:39] How would things change if more people were about pursuing excellence?  [23:25] Is property management the best way to pursue excellence? [25:06] Building a brand [26:19] The Road Less Stupid: Advice from the Chairman of the Board [26:43] Benefits of taking time to think and process [27:33] Having unrealistic expectations when creating your brand message [28:18] The Vivid Vision [30:45] How do you implement your vivid vision?  [32:08] Ideas are welcome, but execution is worshipped [33:58] How 1-800-Flowers grew big [35:37] The impact of visual reminders [36:45] The challenge in building culture remotely [37:41] Figuring out when to execute [38:26] The scarcest resource in the world [38:51] How did Jeff find his HR director?  [40:36] Hunting for talent from companies who have talent [41:50] Recap of The Keys to Entrepreneurial Success [44:22] Paying more money to hire more talent [46:15] Jimmy's message [46:31] The next Collective Genius mastermind Quotables “You kinda put billionaires on a level peg, you think they're doing something you're not, but I think he has just been able to scale his excellence.” “Billion dollar thinkers think differently. What got you here won't get you there.” “It's actually who, not how. It's not how I can do it, but who I can partner or collaborate with to get through that ceiling.” “A percentage of a billion dollars is better than a hundred percent of a hundred thousand dollars.” “That's a dichotomy that you're always gonna run across. People who have an issue of too much cash to deploy generally lack talent and then people who have a network of talent generally lack capital to leverage that talent. Essentially, there's always going to be a tug-of-war between capital and talent.” “Too many people think that the only way to learn is to employ someone, but you can get a consultant or a coach to help you.” “You want to be free so you have the freedom to pursue excellence, not the freedom from restraints.” “The toughest thing for entrepreneurs is to take time away from the business to think.” “If you don't have time to think, there is no clarity.” “People that are super successful at what they do don't just quit or get fired, they're largely looking for opportunities while they're employed.” “You either pay in salary for talent or you pay in misery for not doing it.” Links Instagram: Marck De Lautour https://www.instagram.com/marckdelautour/?hl=en Jimmy Vreeland https://www.instagram.com/jimmyvreeland Podcast: Rise up. Live free. https://rise-up-live-free.simplecast.com/ Book: The Road Less Stupid: Advice from the Chairman of the Board https://www.amazon.com/Road-Less-Stupid-Keith-Cunningham/dp/0984659269   Book: Vivid Vision: A Remarkable Tool For Aligning Your Business Around a Shared Vision of the Future https://www.amazon.com/Vivid-Vision-Remarkable-Aligning-Business/dp/161961877X  

In this episode, I have the pleasure of hosting Chris Lewellen. He is the president of the famous Waldo and Brookside restaurants, The Well Bar Grill & Rooftop, Lew's Grill and Bar, and Charlie Hooper's Bar. Chris is among the few people that are not afraid to take risks. Chris started as a restaurant and bar owner, and he later realized that the business wasn't enough to build him the legacy he has always wanted. His dream to build a community legacy drove him to use real estate as an investment vehicle. From his portfolio, it is easy to point out that he is doing well.  In this episode, Chris Lewellen will be taking us through his entrepreneurship journey, how he joined the real estate world, his father's legacy, the legacy he is building for his family, among other things. Chris shares some essential nuggets of wisdom that we cannot afford to miss. If you are a restaurant owner or entrepreneur looking to expand your business, it would be great if you listened to this episode. Key Talking Points of the Episode: [01:29] Getting to know about Chris's upbringing [02:27] What bred Chris's love for the Kansas city? [03:55] Chris's influences growing up [05:56] Chris's first business [08:47] Chris's partnership with his brother [17:35] How Chris got the liquor license for The Well Bar Grill [24:07] What led Chris to buy Charlie Hooper's? [32:51] How Chris has used real estate as an investment vehicle [36:14] Chris's portfolio [37:38] How Chris built his financial friends [40:10] How to spot real estate opportunities [44:29] What is Chris teaching his children about entrepreneurship and real estate, and how has that impacted his family? [50:29] Wrapping up questions [54:36] A mistake that happened in Chris's life that he wishes he could go back and change Quotable Quotes: "There's a good chance that you're going to fail, but you got to keep coming up." "10 things that you try in business, you're going to fail at nine of them, but the one you succeed on is going to pay for the nine failures 10 times over." "Take your active cash flow, throw them into buildings that will appreciate over time." "A vision without execution on the back end is hallucination." "I got my entrepreneurial spirit from my dad, but I got my business sense from my mom, because she taught me what to do in business." Connect with Chris:  LinkedIn: https://www.linkedin.com/in/chris-lewellen-5698ab6/ Twitter: https://twitter.com/thebiglew?lang=en    

In today's episode, I have Nathan Brooks joining me on the show. From being a father, a God-fearing MMA fighter, an entrepreneur, and a friend, Nathan wears many hats. I invited Nathan to the show because he has a fantastic story of transitioning from entrepreneurship to leadership. Nathan's transition journey has a lot of lessons that we can all borrow. In this episode, we'll be hearing about his transition to leadership, his real estate journey, a million-dollar meeting concept, his upcoming book, among other inspiring topics. Also, you'll hear what made Nathan jump into the ring for an MMA fight, what made him get into hunting, fishing, and why he strapped a parachute & fan to his back! Listen in and learn from this episode. Key Talking Points of the Episode: [02:14] Nathan's definition of success [06:01] What does Nathan consider as his genius zone in business? [07:13] Nathan's transition from an entrepreneur to a leader [10:51] How real estate has changed Nathan's life [13:34] What made Nathan jump in the ring to fight for his life? [17:48] How real estate has changed over the last decade [20:17] What attracted Nathan to new homes construction and how new build homes will be impacted in future [22:50] What is a million-dollar meeting? [25:08] An example of a million-dollar meeting [26:05] Nathan as a real estate influencer [27:24] Nathan's dream for the future [29:05] Nathan's upcoming book [30:15] Wrapping up questions Quotables: “A lot of times as entrepreneurs, we feel like our responsibility, and our whole self is wrapped up in this title as owner, CEO, or business owner. The truth is, it just setting you up for failure because you're going to have your whole life tied to what that is, instead of your being life tied to what you want to live in.” “Real estate is a combination of the financial result as well as the time freedom to do what I want.” “The easier it is to explain, the easier it is to execute.” “Ideas are welcome, but execution is worshipped.” Resources Mentioned: Who Not How- Dan Sullivan

In this episode, we'll be taking you through a real estate legal class. Today, I have the pleasure of hosting my attorney, Julie Anderson. Julie is the reason why I can go to sleep peacefully without worrying about my real estate investments. Julie and I have worked together for over a decade. Her knowledge of real estate law is vast. We are living in difficult economic times due to the Covid-19 pandemic. Landlords are taking losses since their tenants are unable to pay their rent. According to Julie, this shouldn't be the case at all. Landlords deserve better than this. In this episode, we'll be looking at how to protect yourself as a real estate investor. Julie will educate us on the eviction moratoriums, pitfalls that a rookie investor is likely to fall into and share eight tips that real estate investors can apply in their investments. Grab a pen and notebook and listen to this legal class. Key Talking Points of the Episode: [01:53] Getting to know Julie Anderson and what she does [02:30] How Covid-19 has changed Julie's business [04:38] Rent relief [06:55] Evection moratoriums that have been in place since last year in March [16:18] What is a HUD complaint? [25:52] What is creative loitering, and how are people in the legal world using it? [29:42] Pitfalls that a rookie investor can fall into [32:40] what does the CDC order mean? [40:21] Is there a back load of foreclosures that we should be worried about? [44:18] Key tips that can help investors solve their real estate burden [44:34] The importance of communicating with your tenants [45:09] Filing of evictions [46:09] Paying close attention to your tenant's behavior [47:30] Becoming a social worker as a landlord Quotable Quotes: “The biggest kink in the system, is that landlords can't do anything to help themselves unless their tenant cooperates.” “The true discipline of success in real estate investing is to face the reality that you're in.” “We serve at the pleasure of the court. If you want to file a lawsuit, you serve at the pleasure of that judge.”   “Communication is the first casualty of all relationships.” “The key to success is the discipline of facing the reality.” “You need to continue to be an advocate for yourself and continue to file cases or at least have a conversation with your lawyer, depending on your industry.”   8 Key Tips TO PROTECT YOURSELF FROM LITIGATION, or A SUB-PAR RENTER:  (1) Communication  (2) Don't wait to File  (3) Tenant Behavior  (4) Rental Assistance  (5) Screening  (6) Changing Times - Lawyer up!  (7) Jobs verification  (8) Collaborate with professionals Connect with Julie Anderson: Website: https://mokslaw.com/ Do not forget the read Julie's free resources https://mokslaw.com/julies-blog/    

The Collective Genius Mastermind is a community of real estate investors. The mastermind's mission is to passionately help the privileged members create an amazing lifestyle through growing and protecting their real estate businesses by providing an environment that fosters community, connection, collaboration, and contribution. In this special episode, I have Jimmy Vreeland joining me on the show. Jimmy and I are good friends and members of the Collective Genius Mastermind. Today, we'll be sharing our takeaways from the last mastermind that took place in June. Are you ready to learn? Listen in to this episode. Key Talking Points of the Episode: [01:55] Jimmy's takeaways from the last collective mastermind (CG) [05:34] Jimmy's take away from Eric's presentation [08:09] Making the takeaways more applicable [09:43] My greatest takeaway from the collective group [11:26] How I got into the turnkey model [16:30] Hedge funds [26:22] House flipping [29:27] Wall Street yield [32:01] You need life insurance [33:09] If the real estate industry has a blip on the radar, who's it going to affect first? [37:53] Jimmy's experience with house flipping Standout Quotes from the Episode: “The single-family real estate model is now no longer for the small practitioners. Wall Street is so firmly Established in Main Street, it is it is asinine.” “Single family assets are of one of those last, very stable asset classes that can garner a solid, 5-7% return leverage over time.” “With real estate you've just got to find a good practitioner that can deliver quality assets and buy those assets. Don't beat him up on price.” “The demand for housing will always be there, just a matter of having a quality asset and a good neighborhood that will stand the test of time.” “If you're delivering a valuable service and huge value to your clients, then there's nothing to worry about, you're going to be able to pivot and move on.” Connect with Jimmy Vreeland: LinkedIn: https://www.linkedin.com/in/jimmy-vreeland/ Podcast: https://podcasts.apple.com/us/podcast/rise-up-live-free/id1500021021 Resources Mentioned: Big Debt Crises: https://www.amazon.com/Big-Debt-Crises-Ray-Dalio-ebook/dp/B07GLBHM48

How comfortable would you be stepping in out of your business to sit in the owner's box? In June 2020, Brett Snodgrass made the bold decision of stepping out of his company to let it work without him. It wasn't an easy decision for him, but it was necessary. A year down the line, Brett can comfortably say he made a wise decision. His business is doing exceptionally well, and he has room to work on what he loves to call his purpose. In this episode, Brett will share a couple of things to look out for before stepping out of your business, the step that he took to get out of his business and the four pillars of freedom, among other things. Are you ready to learn? Listen in to this episode. Key Talking Points of the Episode:  [02:41] How a typical week looks for Brett [05:13] Steps that Brett took to get out of his business to let it run without him [08:53] How Brett's family and friends took his decision to step down from his business [14:34] How Brett is embracing social media for his business and purpose [18:05] “No secrets, execution only.” Brett's thoughts on this statement [20:07] Brett's experience of having his father as a basketball coach in high school and how it has impacted his life [21:13] How Brett's business is performing in his absence [23:38] Things to watch out for when exiting your business to sit in the owner's seat [28:55] Lessons we can learn from Brett's mistakes [31:16] A little catch up with Brett Quotable Quotes: “If your ego is way up here; it doesn't allow the team to have any confidence. When you lower your ego, naturally raises the others.” “A visionary is supposed to want to grow. They're supposed to want to come up with these ideas, grow the business and go to different markets.” “Every single day, you're either going to be better at the game of basketball, are you going to be worse.” “A lot of entrepreneurs, do social media, but they don't consume it.” Resources Mentioned: The collective Mastermind: https://thecollectiveadvisors.com/ Simple Wholesaling: https://simplewholesaling.com/ Brett Snodgrass Podcast: https://podcasts.apple.com/us/podcast/the-brett-snodgrass-podcast/id1097158298    

The Massive Benefits of Being Part of a Mastermind with Jason Medley Are you a member of any mastermind?  If you are part of a mastermind, you are missing a lot of benefits. Masterminds give you room to interact and develop relationships with high achievers. They are ideal for personal and business development. Also, masterminds are great for accountability and brainstorming. In this episode, we have Jason Medley on the show. Jason is the founder and CEO of the collective genius. The collective genius is a real estate mastermind group headquartered in Tampa, Florida. Also, he is my mentor, and he has dedicated his life to helping people. Jason and I will be discussing the massive benefits of being in a mastermind ground. According to Jason, mastermind groups not only help people in developing business relationships but also friendships. Listen in to this mind-blowing conversation. Key Talking Points of the Episode: [01:25] Getting to know Jason [04:52] Benefits of being in a mastermind? [17:44] Jason's mantra: Dropping the ego at the door [20:34] How has the mastermind changed Jason's life? [24:42] Mistakes that Jason has made and how he has grown through them [32:45] Jason's advice to people who might be feeling stuck in their businesses and what masterminds they should join [34:03] How would Jason want to be remembered? Quotable Quotes: “A mastermind a community of people that you do life with.” “You can have a great business, but you don't really realize that when you're running a great business, sometimes you're potentially on the brink of disaster.” “When you're a part of a mastermind, what you're buying and investing in, is speed.” “What makes the organization function approaching it from not from a selfish perspective, but a giving perspective.” “With blessing comes responsibility.” “If you're not making mistakes, you're probably not growing.” “If you maintain the right attitude, you have to accept it. Mistakes are part they are part of progress.” Resources Mentioned in the Episode: Think and Grow Rich- Napoleon Hill Board of Advisors Mastermind Group- Mike Calhoun War Room Mastermind Group- Roland Frasier and Ryan Deiss Genius Network- by Joe Polish          

Marck delves deep into the world of wholesaling with Real Estate Expert, and Wholesaling Coach, Cory Boatright.  What makes a good student, investing in yourself, and processing out wasteful tasks through delegation and automation.   Key Takeaways:   20:05  Double closing vs. assigning a contract 27:30  What makes a good student? 29:08  Eliminate / Delegate / Create. Creating an opportunity to grow and scale 36:30  Moving to the $10,000/hour activity 54:14  Looking at a problem from someone else's perspective 55:38  The Grateful Project - Cory is a cancer survivor and talks about his not for profit organization that seeks to help and encourage an attitude of gratitude.   Cory Boatright Affirmation:  "My worst day is someone else's paradise"   Cory has completed over 1000 real estate transactions, owns over 430 apartment units, and sold over 100 million in real estate transactions, including 100+ unit multifamily, single-family houses, land, and private angel investments.He's a social connector who believes in servant leadership and an entrepreneur and has started or run several multi-million dollar companies in several industries including; real estate investing, business consulting, Internet marketing, and mobile technology. As Founder of several companies including; House Kings Home Buyers, Real Estate Investing Profits and Phenomenal Results Coaching. His company and partners buy and sell over 100 properties per year in the Greater Oklahoma City Area. Today he coaches high achieving entrepreneurs and their teams in getting phenomenal results in their businesses. Fast Company Magazine, Wall Street Journal, and even Harvard University are among a few leading organizations that view him as a thought leader and visionary. Cory resides in Oklahoma with his wife and their two incredible kids.

Understanding Turnkey Investment with Dave Payerchin Information is power. Have you been willing to invest in single-family units, but you don’t feel like you have enough information to help you make a decision? This episode is for you. Today, we have Dave Payerchin joining us on the show. We’ll be helping you understand the turnkey investments. Dave is a good friend of mine. I’ve known him for about five years now. We have made mission trips together, we have spent time broke bread. We’re part of multiple masterminds together. So I know this man; he has a heart of gold, he loves to help people. Dave and I will be talking about Turnkey investments, blockchain technology, inflation, and its effects on the economy. Listen in and learn. Key Talking Points of the Episode: [01:18] Getting to know Dave and what he does [03:01] Turnkey investment property [05:28] Pitfalls that comes from investing in real estate [09:05] Dave’s opinion on real estate [12:19] Finding the suitable turnkey [17:18] Is blockchain technology going to be a valuable and consumable service? [21:09] Multifamily versus single-family investments [31:44] Effects of money printing on the economy [37:10] Protecting yourself from inflation [46:19] cash flow expected from $150,000 investment [51:00] Dave’s a bad experience with a turnkey provider Quotable Quotes: “It’s hard enough to buy a house without somebody giving it to you on a silver platter. But to deal with tenants and provide a quality tenant experience is impossible to do it yourself.” “The great thing about the difference between a television and a piece of real estate is the TV immediately goes down to value the minute you walk out the door, but the real estate always goes up.” “Be careful out there for these like the charlatans that are excellent salespeople have real estate, but they have no operations in place at all, except for the operations of finding more customers to sell to.” Connect with Dave Payerchin: LinkedIn: https://www.linkedin.com/in/dave-payerchin-7811a769/               

In this episode, we have an opportunity to have a conversation with Corey Peterson on the world of multifamily.  Corey is my dear friend and a multifamily guru. He has been in the industry for a long time, and he is doing great things.  Corey Peterson will share his real estate journey with us and what triggered his passion for joining the world of multifamily.  Also, he will tell us how storytelling has become an essential part of his life. In Corey's life, family comes first. Corey will tell us what he is doing for his family and what kind of legacy he wants to leave behind for his children. Also, he will be telling us of a love journal that he and his wife maintain and why it is essential to them. Are you ready for a motivating episode? Listen in to this episode. Key Talking Points of the Episode: [02:34] How Corey got into real estate [07:26] Corey's scale on real estate [12:23] How big a deal in multifamily is property management [14:22] Scaling a business: How does Corey scale his business? [15:43] Corey's brand: the big Kahuna [18:32] What does legacy mean to Corey Peterson? [21:00] Love journal story [25:47] Corey's heroes [28:27] What does the future look like for Corey and Kahuna [31:17] How can you become an investor in a multifamily deal? Quotables: "The biggest mistake you can have with your children is trying to put yourself on a pedestal and give them unrealistic expectations of them living up to the height." "If you don't look for the best management companies, you are doing yourself a disservice." "COVID is already on its way out the door, and guess what, I still own all my assets." Connect with Corey Peterson: Kahuna Investment Resources Mentioned in the Episode: Rich Dad, Poor Dad- Robert Kiyosaki 

Joining the Real Estate World with Dr. Ben Dohrmann If you could no longer work, would you manage to maintain the same lifestyle you have now? This question was the turning point for Dr. Ben Dohrmann when it comes to investment. In this episode, Dr. Benn will be talking us through his journey to joining the real estate world, the mistakes he made, and his chiropractor business. Dr. Ben is a chiropractor here in the Northland of Kansas City. He has been in practice for 12 years, been married for 19 years, and has three amazing children. If you have been longing to join the real estate world, but you have been developing cold feet, this episode is for you. Listen in as Dr. Ben shares his journey.  Key Talking Points of the Episode: [01:12] Getting to know Dr. Ben [01:58] How Dr. Ben met Dr. Shane Bisson [04:44] How Dr. Ben's mindset has evolved  [06:13] Dr. Ben's morning routine [08:44] How Dr. Ben invested his discretional income [14:51] Dr. Ben's take on Real Estate as a buy and hold mechanism [15:47] Dr. Ben's financing strategy [18:25] Books that have impacted Ben in the last 12 months [20:13] How has clarity changed Ben's business? [21:08] Employee engagement [22:31] Ben's mistake in real estate [25:33] Ben's final thoughts Quotables: "I think sometimes when you take take take; you don't have the luxury of receiving all the blessings that could come your way." "Money is just a byproduct of helping people." "The best time to invest in real estate was yesterday, and the next best time is tomorrow." "Don't let the inmates run the asylum." "The healing process starts at the front door." "Whatever you need to get done, you already have the people in your network to get where you need to go." Resources Mentioned: Books Rich Dad, Poor Dad- Robert Kiyosaki and Sharon Lechter Starts with Why- Simon Sinek Think and Grow Rich- Napoleon Hill Cash Flow Quadrant- Robert Kiyosaki

How to Build a Team with Matt Oviatt 2020 was one of the most trying years for most businesses due to the Covid-19 pandemic. Many businesses cut on great talents since they had to reduce expenses, and salaries were the best place to start. According to Matt Oviatt, cutting on talents is the worst mistake any business can make. Matt had an eye-welling moment in that season when some of his employees were ready to work for him without pay, and others were ready to wait until he was comfortable enough to pay them. Matt will be sharing his wisdom and knowledge on how to build a team. Matt Oviatt is a fellow CEO. He is a high-powered real estate executive. Matt has built a fantastic team around him, and his company has a peerless company culture. Matt and I will have an in-depth conversation around building a team. Listen in and learn Key Talking Points of the Episode: [02:17] Matt's backstory and how he got into real estate [04:29] How Matt's business made it through the 2008 GFC [06:28] How to build a team [10:12] What inspired Matt to see real estate as a vehicle to wealth creation? [16:44] Matt's decision to hire a COO  [24:11] Culture and team building [29:32] Matt's evolution as a leader and who has inspired the change? [39:48] Matt's take on working remotely [41:13] Matt's business role model and how he continues to grow personally and professionally [47:49] Real estate as a retirement vehicle Quotables: "The people that want to exit a business and just live on cash flow do not enjoy what they do." "If you want to make sure that your people are accountable, and your marketing channels are accountable, and each part of your business is accountable, then you've got to know your numbers." "When you take care of people for the value that they bring, when you willingly increase their compensation without making them come in to ask for it. That goes a long way for the people too. “The true mark of a good leader is someone that has figured out how to replace themselves." "When you hire talent and pay them well, you see the benefits*10 through your business." "A tremendous amount of value comes from seeing people face to face, looking them in the eyes, interacting and joking around. Having those relationships and developing them is something that you just can't do remotely." "Life's about people, and having good relationships." "Delayed gratification is a sign of maturity. I think real estate is the classic mature investing strategy." Resources and Links Mentioned: Books: Turn the Ship Around-L. David Marquet E-myth- Michael E. Gerbe  

In this episode, we invite CFO consultant and real estate investor Alastair Beard to take us on his global investment journey. Uncover the keys to investing from afar as Marck and Alastair discuss investing in the US housing market during the global financial crisis. Learn how to do your due diligence when investing from across the world, and how to be realistic when analyzing your returns and diversifying your risks. Alastair also shares some of his biggest regrets in his investment career and the takeaways from those experiences.    KEY POINTS / MAIN TAKEAWAYS: Alastair’s investment process during the GFC.  Getting comfortable with being an early adopter. Are you investing out of logic or emotion? The logistics behind doing due diligence. What is a reasonable return when deploying assets? Thoughts on analyzing returns and diversifying risk. Perspectives of a CFO on different sectors of the economy. Biggest takeaways and mistakes from real estate investing.    QUOTABLES: “Everybody's looking at the houses in their own block. It's more interesting and I think it's more valuable to lift your eyes and look at bigger opportunities.”   PRODUCTS / RESOURCES: Visit Marck's website at https://www.mistakefreerealestate.com Order his book 'MISTAKE FREE REAL ESTATE' here: https://www.amazon.com/MISTAKE-FREE-REAL-ESTATE-investors/dp/0578233916/ref=sr_1_2?crid=1JCV8Y9WFF51M&dchild=1&keywords=mistake+free+real+estate&qid=1595431508&sprefix=mistake+free+real+%2Caps%2C182&sr=8-2 Or read a free chapter first here: https://www.mistakefreerealestate.com/#Chapter MistakeFREE Real Estate is edited by Instapodcasts (visit at www.instapodcasts.com)   

Take a journey down memory lane in this episode as your host Marck interviews one of SBD’s longest-standing real estate investors, Jim Rehor. With decades of experience in business and real estate under his belt, Jim has learned many valuable lessons from the countless upswings and downturns in the real estate market that he has seen over the years. Uncover the stories of his successes and losses, his first-ever flip with Marck, and what got him hooked on real estate in the first place. Jim also shares the biggest tips and advice gathered from his investment experiences so be sure to grab a pen and paper as you tune in to this episode!    KEY POINTS / MAIN TAKEAWAYS: The current take on the economy.   Consequences of political actions on the economy. How Jim got started in real estate. On debt and leverage in real estate. Adapting and surviving through the COVID downturn. The key to accelerating your financial learning curve.   What’s the best way to get started on real estate? The importance of property management.    QUOTABLES: “Leverage is what makes more people go broke."  “Life's a journey and not a destiny.” “Don't wait to buy real estate, buy real estate and wait.”   PRODUCTS / RESOURCES: Visit Marck's website at https://www.mistakefreerealestate.com Order his book 'MISTAKE FREE REAL ESTATE' here: https://www.amazon.com/MISTAKE-FREE-REAL-ESTATE-investors/dp/0578233916/ref=sr_1_2?crid=1JCV8Y9WFF51M&dchild=1&keywords=mistake+free+real+estate&qid=1595431508&sprefix=mistake+free+real+%2Caps%2C182&sr=8-2 Or read a free chapter first here: https://www.mistakefreerealestate.com/#Chapter MistakeFREE Real Estate is edited by Instapodcasts (visit at www.instapodcasts.com)   

Jimmy Vreeland is the co-founder of cash flow tactics as well as a real estate investor and educator. With a strong military background, Jimmy has taken on some unique perspectives on his business and leadership approach. In this episode, we invite him to discuss the responsibility of freedom dichotomy and the sacrifices you have to make in order to truly be free. You will uncover the key to building successful relationships with powerful people and the countless insights and benefits that comes from them. Jimmy and Marck also touch on the power of Masterminding, the Collective Genius group, and effective Leadership.    KEY POINTS / MAIN TAKEAWAYS: How Jimmy’s military background influenced his leadership.    The freedom and responsibility dichotomy in business. About the Collective Genius group (and the CG Slap).   How to best educate others on real estate investment. The key to building a strong, effective team.  QUOTABLES: “The magic can’t happen in the masterminding until there's no ego. It's amazing when you're just there to learn from other people, it's just incredible what comes out of that.” “Deep down, I believe the right people want to be challenged, they want to be held accountable, and they want to see a bigger vision.”   PRODUCTS / RESOURCES: Visit Marck's website at https://www.mistakefreerealestate.com Order his book 'MISTAKE FREE REAL ESTATE' here: https://www.amazon.com/MISTAKE-FREE-REAL-ESTATE-investors/dp/0578233916/ref=sr_1_2?crid=1JCV8Y9WFF51M&dchild=1&keywords=mistake+free+real+estate&qid=1595431508&sprefix=mistake+free+real+%2Caps%2C182&sr=8-2 Or read a free chapter first here: https://www.mistakefreerealestate.com/#Chapter MistakeFREE Real Estate is edited by Instapodcasts (visit at www.instapodcasts.com)