Podcasts about brrrr

Corey Reyment, guest of Jay Conner is a firm believer of the BRRRR method in building long-term wealth. The BRRRR strategy stands for Buy, Rehab, Rent, Refinance and Repeat. This method is a real estate investment strategy that involves flipping distressed property, renting it out, and then cash-out refinancing it in order to fund further rental property investment. But what makes the BRRRR method different from other real estate strategies? Corey Reyment is a full-time real estate investor originally from Green Bay. Corey and his wife Carrie bought their first duplex at the end of 2016 and parlayed that into 115 doors within three years of that first purchase using the BRRRR Strategy almost exclusively creating a portfolio now worth over $8 Million dollars. They also run Fox Cities Home Buyers and Wisconsin Discount Properties, the largest real estate wholesaling company in Wisconsin, where they did about $2 million in revenue in 2020. They teach students across the country who are looking to get their first BRRRR Deal and run a Mastermind Group called Launch, which helps businesses go from working in their real estate business to working on their business. For more valuable information click on this link and watch the complete episode: https://youtu.be/ZSq-AX2-1PM - “Discover the BRRRR Method with Corey Reyment and Jay Conner, The Private Money Authority” Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/ Free Webinar: http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal. What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4wo The Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557 P 252-808-2927F 252-240-2504 Channel https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w https://www.youtube.com/c/RealEstateInvestingWithJayConner RSS Feed http://realestateinvestingdeals.mypodcastworld.com/rss2.xml Google Play https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034 Watch on ROKU: Roku https://my.roku.com/add/realestateinvestingRoku https://my.roku.com/add/realestateinvesting Watch on Amazon Prime: https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3

In today's episode, the boys sit down Sahil Jaggi, a fellow realtor and avid investor with a $23 million portfolio & $160 million in sales. The boys chat early beginnings, where immigrating to Canada at 16 from India ultimately lead him to working on Wall Street. Sahil shares his story on how he was able to flip his first property for $1.2 million after dropping out, as well as insight into house hacking, the excellence of the BRRRR strategy and how he turned inexperience in real estate into an obsession. Conversation concludes with thoughts on how Toronto compares to other big markets, and how his mentorship program is helping the next generation succeed. This is a must-watch!We hope our viewers can resonate with these discussions, and take away at least one valuable piece of information with them into their daily lives.Listen On:Spotify: https://open.spotify.com/show/0PqX019...iTunes: https://podcasts.apple.com/ca/podcast...SUBSCRIBE TO THE PODCAST ► https://www.youtube.com/channel/UC94N...ADD US ON INSTAGRAM:ZOHAIB: https://www.instagram.com/zohaibaziz/MATT: https://www.instagram.com/mattcampoli/BRIAN:https://www.instagram.com/brian_neyugn/GUEST:Sahil Jaggi: https://www.instagram.com/minkrealestate/

Corey Reyment guest of Jay Conner shares his strategies on finding real estate deals while using the BRRRR method. Corey Reyment is a full-time real estate investor originally from Green Bay. Corey and his wife Carrie bought their first duplex at the end of 2016 and parlayed that into 115 doors within three years of that first purchase using the BRRRR Strategy almost exclusively creating a portfolio now worth over $8 Million dollars. They also run Fox Cities Home Buyers and Wisconsin Discount Properties, the largest real estate wholesaling company in Wisconsin, where they did about $2 million in revenue in 2020. They teach students across the country who are looking to get their first BRRRR Deal and run a Mastermind Group called Launch, which helps businesses go from working in their real estate business to working on their business. For more valuable information click on this link and watch the complete episode: https://youtu.be/ZSq-AX2-1PM - “Discover the BRRRR Method with Corey Reyment and Jay Conner, The Private Money Authority” Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/ Free Webinar: http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal. What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4wo The Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557 P 252-808-2927F 252-240-2504 Channel https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w https://www.youtube.com/c/RealEstateInvestingWithJayConner RSS Feed http://realestateinvestingdeals.mypodcastworld.com/rss2.xml Google Play https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034 Watch on ROKU: Roku https://my.roku.com/add/realestateinvestingRoku https://my.roku.com/add/realestateinvesting Watch on Amazon Prime: https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3

Purchasing one rental property is an accomplishment in itself, but what about purchasing 26 units in your first year of real estate investing? Not many do it, but someone who has is Amelia McGee. Amelia didn't have any formal training on real estate investing. She wasn't a broker, an agent, or a contractor; none of her family invested in real estate either. You could say that Amelia had to take a ‘'leap of faith” to begin her real estate investing career, a leap that has paid off quickly.Amelia had exhausted much of her funds after investing in her first deals, but through leveraging her social media she was able to find partners who funded the down payment for an 11-unit apartment complex. She received equity for her hard work and her financers received equity for their risk, a true win-win!Now, Amelia is helping others purchase their first deals by TA-ing for Ashley during BiggerPockets Rookie Boot Camp. If you weren't able to get in on the Bootcamp this time, fill out this form to be notified when sessions open up next!In This Episode We CoverHow to acquire deal #1 without any background in real estate investingThe best resources rookies can use to get a home-run deal on their first tryPartnering with family to flip or a BRRRR a propertyWhy local banks may be an underappreciated way to affordably finance your dealsUsing social media as a way to generate property leads, partnerships, and moreThe systems and software you need to scale FAST as a rookieAnd So Much More!Links from the ShowReal Estate Rookie PodcastReal Estate Rookie Youtube ChannelAshley's InstagramTony's InstagramReal Estate Rookie FaceBook GroupRookie BootcampDavid GreeneBiggerPockets PodcastBiggerPockets Podcast 476: Using Partners to Scale & Killing it With Airbnbs w/ Tony J RobinsonApartments.comStessaMonday.comInstagramIowa Courtsbiggerpockets.com/forumsCheck the full show notes here: https://biggerpockets.com/rookie111See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Today, we have a powerhouse episode for you! Our guest is Logan Freeman, a real estate investor and podcaster, who shows how to compress 3 years of business growth into just 1 year. In our conversation, we talk about creating systems and strategies to reach success faster, having personal accountability, and how to be more productive by working less. If you want to grow your business and grow as an entrepreneur, then this episode is for you! Learn more about Logan and his journey at reiclarity.com! “Saying no to so much other stuff has given me the permission to say yes to what actually matters.”   03:37 Logan is a real estate investor and entrepreneur. He started a podcast this year, called the Compression podcast, where you can follow him as he compresses 3 years of business growth into just 1 year. He wants to scale fast by implementing systems and strategies and avoiding 80-hour work weeks.   Logan's company already acquired $62M of real estate in just 7 months. He shares what he learned about scaling fast and what you can do to achieve similar results. Be accountable. Talk about your goals publically, tell it to your community, or start a podcast. Focus. Where focus goes, the energy goes, so choose wisely what you focus on. Manage your time. The amount of time you allot to a task is the amount of time it's going to take, so plan out your days  Focus on the “vital few”. Roughly 80% of consequences come from 20% of causes, so focus on this 20%. Get in the flow. Find activities that put you in a flow state and organize your day around them. “Being busy is not being productive. Being efficient is not being effective.”   17:08 Logan talks about the best profit-producing actions you can implement in your strategies. Set boundaries. Take time out for yourself and make sure that you don't try to do everything by yourself in your business. Attach $1 amount to your time and focus on the most valuable tasks. Determine what you can delegate, automate, or eliminate from your schedule.   Logan puts different systems in place. He uses physical journals to write down his ideas and he implements a project management software, Monday, to help his team stay on track. “If you want to achieve a big goal, you have to get your mind right first, because you cannot give what you do not have.”   32:29 Personal accountability is very important for Logan. According to him, we're faced with choices all the time and we have to make the right decisions. This means choosing reading over watching a movie or exercising over laying on the couch. These decisions compound over time.     Creating new habits takes time. To help your journey, surround yourself with like-minded people and find good coaches. Personal accountability, forming strong habits, and keeping good company are foundational to success.  Mentioned in the show: https://ftwinvestmentsllc.com/ Tim Ferriss - The 4-Hour Workweek Mihály Csíkszentmihályi - Flow Gino Wickman - Traction Dr. Henry Cloud - Boundaries Perry Marshall  - Detox, Declutter, Dominate Tony Robbins - Awaken the Giant Within His LinkedIn www.shineinsurance.com/reiclarity The REI Clarity Framework Learn how to grow your portfolio and reach incredible success the right way! Visit us here for everything you need to know: www.shineinsurance.com/reiclarity.    Special thanks to Logan Freeman for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to REI Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the REI Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the REI Insurance Guy? More great stories & information at: Youtube – Blog – Podcast

On this week's episode, Kevin talks with “dynamic duo” military couple Samantha & Bobby Meyer. Samantha & Bobby describe how they have combined their skills to successfully build their real estate portfolio while being stationed overseas."Just go out there and get some reps in it. You're going to learn more by doing it and trying it. Don't let school get in the way of your education because that experience is ultimately what is going to get you to where you need to be.."-Bobby MeyerHere are 5 Key Takeaways from this episode:Starting Out as Accidental InvestorsBobby & Sam's Lessons Learned in Property ManagementAdvantages of Getting A Real Estate License While InvestingWhy a Good Team is EverythingBRRRR Deal BreakdownHonorable Mentions & Useful LinksQuickbooks SoftwareThe One ThingThe Weekend Millionaire's Secret to Investing in Real EstateConnect with Samantha & BobbyEmailAre you looking for a loan for your next project? Look no further! Check out ADPI Financial Services for all of your residential and commercial lending needs!No Time...No Worries! Get all the info you need now by texting DEAL to 33777Get your 13-Week Action Journal using this special offer just for our faithful podcast listeners! Need help structuring your future Real Estate Empire? Click this special member's only link to book your FREE Consultation with a Senior Strategist at Anderson Advisors ($2,500 value)!Helpful ResourcesConnect with the ADPI: Facebook |  Instagram | YouTubeReady to TAKE ACTION and begin building your cash-flowing real estate empire? Don't go it alone! Check out our exclusive education and coaching products designed for self-starters like the Military Real Estate Investing Academy Thinking bigger? ADPI's exclusive Military Multifamily Academy and Mastermind Waitlist is open now! Sign up to reserve your slot in the most comprehensive, affordable, and educational multifamily real estate course on the web! Please Subscribe, Rate, & Review on Apple PodcastsThanks for tuning in to this week's episode of the Active Duty Passive Income Podcast! If the information shared in these weekly interviews has inspired you to pursue your dreams of financial independence, please do me a personal favor and head over to Apple Podcasts, subscribe to our show, and leave us a 5-star review.Support the show (https://www.patreon.com/adpi)

If you want to know how to succeed at real estate, understand that becoming an investor doesn't end with acquiring a license. From there, you'd have to go through a lot of learning curves. You can't just dive headfirst without planning smartly and not knowing what you can bring to the table. With the fast-paced real estate world, you won't survive without having a firm grasp of the basics and establishing professional relationships.  In this episode, Dom Santaniello from Naples Home Buyers & Naples Realty Group joins us to speak about how to succeed at real estate. He shares how being overly cautious about deals held him back in the beginning and how he got over this dilemma. Dom also discusses how they found success through the BRRRR method and explains their portfolio. Most importantly, he imparts invaluable advice to real estate beginners. Tune in to the full episode to learn how to succeed at real estate and attain tremendous growth! 3 Reasons Why You Should Listen to This Episode: Understand how to succeed at real estate and how the BRRRR model can help. Find out why being direct to the point will help you in the early stages of your real estate career. Learn the value of leveraging professional resources instead of doing the work yourself. Resources Connect with Brandon: Website | Facebook | LinkedIn | Instagram Looking for credit repair done-for-you service? Check out Credit Repair Mobile! Apply to be part of an exclusive mastermind group at Credit Counsel Elite! Action Driven by Brandon Elliott Connect with Dom: Email | LinkedIn | Instagram  Naples Home Buyers  Naples Realty Group Episode Highlights [01:38] Dom's Background Dom was a pipeline engineer for a Fortune 500 company for seven years.  He decided that being an engineer wasn't for him, so he acquired a real estate license. Dom started two companies with his business partner, Luke Giusto: Naples Realty Group and Naples Home Buyers. Naples Realty Group is a brokerage firm, while Naples Home Buyers is a fix and flip company. Dom wants to share the importance of taking action and how "less is more" allows you to scale. [04:11] Why Dom Gravitated  Towards Real Estate Dom had no intention of being a serious investor. His initial purpose in getting a real estate license was to start making money on the side.  At the time, it wasn't sustainable for him to live in a single-family house. He realized he could get into multifamilies instead for a 3.5% down and live for free. While researching, he ended up experiencing analysis paralysis. Dom only started going all-in after meeting the right people and gaining motivation. [06:08] The Pivotal Point for Dom Dom used to be very cautious when pursuing deals.  His risk tolerance improved thanks to his more decisive business partner. There wasn't a massive catalyst or event that pivoted him to move forward. It was a compounding effect from missing out on deals. [08:17] How to Succeed at Real Estate: Looking for Deals  Currently, the focus of their deals is within one hour of home because of the availability of resources. You'll find that there's a surplus of deals in an area once you figure out the market. Dom: "Before, we thought it was impossible to raise money. And then once we kind of figured that element out and met the right resources, we're able to not worry about that piece and really just focus on the deals where, as we know—that's the whole game." [09:44] Dom's First Projects Dom did his first three projects by himself. All other projects afterward have been with a partner. His partner runs the rehab side of the business, while Dom handles the back end. Part of knowing how to succeed at real estate is doing these two correctly. Dom shares that he constantly got outbid on his first projects because he was unrealistically conservative.  After realizing cautiousness isn't the way to go, he started aggressively networking with other agents. Tune in to the full episode to get a vivid look at the numbers on Dom's first projects! [13:38] Leaving Self-Management and Using the BRRRR Model Dom and his partner don't do self-management anymore. Instead, they moved their portfolio to a third party. Using the BRRRR model, they buy distressed properties, stabilize them, add value, and refinance them. Then, they roll them over to the property manager at a discounted rate so they don't have to deal with rent collection and accounting. Cutbacks and maintenance are almost zero after undergoing this process. Opting for a light value add makes it harder to hit LTV and get the money out. [16:43] On Appraisals Know that the value of the property will also depend on the appraisal of the bank.  If you want to know how to succeed at real estate, you need to build and leverage relationships. There was only one time Dom had an appraisal come in low. Still, they broke even as the other refi (refinancing) at the time came in high. You still make a solid asset even with a 5% or 10% appraisal.  [20:01] The Value of Their Tenants For Dom and his team, the value of being able to put their own tenants in is game-changing. Their average net profit per door is between 500 to 650 thousand. It's double or triple what the standard is. Their tenants are either six-figure earners or around that income level. The “less is more” mentality started with Dom bringing his all-around engineering role to examine another business. [21:20] Less is More Doubling the portfolio with higher-touch stuff is like maintaining something that can only bring you down. It's best to look at the properties in the neighborhood instead of relying on a spreadsheet.  [24:48] Advice for How to Succeed at Real Estate As you're learning how to succeed at real estate, you have to think outside the box. Dom found that cutting to the chase and showing how he can provide value is the best strategy to reach successful people. As a licensed real estate agent, you have to invest either time or money. People in the real estate business are hustlers. Following Dom's strategy will help you cultivate relationships in the early stages. Dom: “My thing is, how do I provide tremendous value to this person for as little time as possible?” [30:04] Some Learning Curves for Dom Initially, Dom spent a lot of money and time in marketing. He mistakenly thought that if you spend money, you'll automatically get leads. He later learned the power of building a brand first and foremost. So, they decided to go all-in when COVID hit.  During COVID, they've built their brand quickly, grew their agent rosters, and have had deals getting brought to them. [33:57] Getting Attached to a Project Dom made two critical mistakes when he started working in real estate: overly remodeling a property and doing the work himself. You lose so much growth by focusing on the little things and doing the work by yourself.  Another piece of advice on how to succeed at real estate: learn how to leverage professional resources. Dom: “Do you wait until you have a 100 unit, seven-figure machine and hand it off to someone you don't know? Or do you start with one duplex and lose 100 bucks a month? So right now, paradigm shift, the biggest mistake was keeping everything in the house under control.” You might lose money initially when you bid out contractors to do the job. However, you'll save money and time in the long run. You can speed through for the next flips because you already formed relationships. [39:52] Final Takeaways Dom disagrees with quitting your job and jumping into real estate — or any other venture — immediately. Remember, success will not happen overnight. You have to engineer your exit strategy and actions smartly because your credit, savings, and reputation are all on the line. All it takes is creative financing to put yourself two years ahead. It's life-changing once you get to leverage and sell a property from a zero-down situation. [46:01] What's Next for Dom and His Team Their goals for the next year: 20+ flips, 40+ wholesales, 20+ new BRRRR units, and 20+ buy-and-holds. The businesses went from being just him and his business partner to hiring remote part-time and full-time workers. They're huge on networking and aim to provide value to other businesses.  About Dom Dom Santaniello is a licensed real estate broker and the co-owner of Naples Home Buyers and Naples Realty Group. Dom is an experienced real estate landlord and investor. Specifically, he is the VP of Acquisitions & Sales at Naples Home Buyers where he focuses on business development, lead generation, and project acquisitions. Meanwhile, he specializes in representing investors as the Managing Broker of Naples Realty Group. Since 2020, Dom and his business partner have closed more than 50 deals with a diverse project portfolio. Dom brings his unique perspective to real estate from his strong analytical, financial, and sales foundation. Before being a real estate broker, he worked as a gas pipeline engineer for Kinder Morgan. If you wish to connect with Dom, you may send him an email directly at dom@naples-group.com. You can also reach out to him on LinkedIn and Instagram or visit Naples Home Buyers and Naples Realty Group. Enjoyed this Episode? If you did, don't forget to subscribe and share it with your friends! Post a review and share it! If you enjoyed tuning in on the show, we'd appreciate your review. You can also share this episode with your friends and family, so they can learn more about how to succeed at real estate. Have any questions? You can connect with me on Facebook, LinkedIn, and Instagram. Thank you for tuning in! For more updates, visit my website, YouTube channel, or tune in on Apple Podcasts. To achieving financial freedom,  Brandon   Youtube Description If you want to know how to succeed at real estate, understand that becoming an investor doesn't end with acquiring a license. From there, you'd have to go through a lot of learning curves. You can't just dive headfirst without planning smartly and not knowing what you can bring to the table. With the fast-paced real estate world, you won't survive without having a firm grasp of the basics and establishing professional relationships.  In this episode, Dom Santaniello from Naples Home Buyers & Naples Realty Group joins us to speak about how to succeed at real estate. He shares how being overly cautious about deals held him back in the beginning and how he got over this dilemma. Dom also discusses how they found success through the BRRRR method and discusses their portfolio. Most importantly, he imparts invaluable advice to real estate beginners. Tune in to the full episode to learn how to succeed at real estate and attain tremendous growth!   Connect with Brandon Facebook: https://www.facebook.com/brandonelliottinvestor LinkedIn: https://www.linkedin.com/in/brandon-elliott-6b1643148/  Instagram: https://www.instagram.com/brandonelliottinvestments/  Website: https://www.brandonelliottinvestments.com/podcast  Apple Podcasts:  ​https://podcasts.apple.com/us/podcast/ready-set-go-real-estate-investing-podcast/id1341397059?mt=2    Looking for credit repair done-for-you service? Check out Credit Repair Mobile: https://creditrepairmobile.com/    Apply to be part of an exclusive mastermind group at Credit Counsel Elite: https://www.creditcounselelite.com/    Action Driven Book: https://www.amazon.com/Action-Driven-brandon-Elliott/dp/1978280831   Connect with Dom Email: mailto:dom@naples-group.com LinkedIn: https://www.linkedin.com/in/domsantaniello/  Instagram: https://www.linkedin.com/in/domsantaniello/  Naples Home Buyers: https://www.naples-group.com/   Naples Realty Group: http://www.naplesrealtyma.com/ 

The BRRRR strategy stands for Buy, Rehab, Rent, Refinance and Repeat. This method is a real estate investment strategy that involves flipping distressed property, renting it out, and then cash-out refinancing it in order to fund further rental property investment. Corey Reyment is a full-time real estate investor originally from Green Bay. Corey and his wife Carrie bought their first duplex at the end of 2016 and parlayed that into 115 doors within three years of that first purchase using the BRRRR Strategy almost exclusively creating a portfolio now worth over $8 Million dollars. They also run Fox Cities Home Buyers and Wisconsin Discount Properties, the largest real estate wholesaling company in Wisconsin, where they did about $2 million in revenue in 2020. They teach students across the country who are looking to get their first BRRRR Deal and run a Mastermind Group called Launch, which helps businesses go from working in their real estate business to working on their business. Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/ Free Webinar: http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal. What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4wo The Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557 P 252-808-2927F 252-240-2504 Channel https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w https://www.youtube.com/c/RealEstateInvestingWithJayConner RSS Feed http://realestateinvestingdeals.mypodcastworld.com/rss2.xml Google Play https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034 Watch on ROKU: Roku https://my.roku.com/add/realestateinvestingRoku https://my.roku.com/add/realestateinvesting Watch on Amazon Prime: https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3

Our guest today is Larry Hagner, host of the popular Dad Edge Podcast. Today we dig into what it takes to be a good father, husband, and business owner. We learn how to communicate better, connect with our spouses and children on a deep level, and build healthier relationships. If you want to be a better person in your personal and business life, then tune in to our conversation! Learn more about Larry and his journey at reiclarity.com! “A lot of people think that creating a healthy, elevated, extraordinary marriage is a feeling. No. It's a skill.”   03:59 Larry is the creator of the Dad Edge Podcast and community, which helps men to become healthier in their personal and professional lives.   He talks about the 5 main reasons why men join his mastermind. They want to manage and master their family finances, optimize their physical, mental, and emotional health, create an extraordinary marriage, connect and be patient with their kids, or become better leaders. In Larry's experience, 8 out of 10 men join his mastermind because they want to elevate their marriage. “Nothing is more detrimental to the relationship than you not validating your wife's feelings.”   07:48 When it comes to creating an extraordinary marriage, there are 4 elements to consider. Your self-care. Are you taking care of yourself physically, mentally, and emotionally, so you can show up in the best possible way for your wife and your family? You have to take care of yourself first to be able to take care of your loved ones. Partnership. This is the “business side” of marriage, like paying bills and doing chores. Identify the different roles and expectations in your marriage. Friendship. Do you like hanging out with your wife? Do you support each other? You should be good friends after all. Intimacy. These are the physical and emotional aspects of the relationship.   All these 4 pillars sit on the foundation of communication. To have better communication with your spouse, you need to have tactical empathy, be able to emotionally validate your partner, and practice active listening.   Larry explains the 3 basic needs of a man and a woman in a relationship. Women want to feel seen, heard, and connected to their partners. For men, the 3 basic needs are to feel respected, appreciated, and validated.  “When your kids feel heard, and seen, and connected, that's when that environment of psychological safety really comes to life.”   38:48 Larry talks about how to build better relationships with your kids.  Make sure to ask them if they need advice or just someone to listen to them. Let them talk and listen carefully. Use a calm tone of voice and speak to them at a slower pace. Don't be demeaning or condescending. Let them express their needs and validate their feelings. “Most men will live a quiet life of desperation.”   56:03 At the end of the episode, Larry picks action steps from the REI Clarity Framework that are the most valuable to him. These are “Forecast Your Future” and “Take the Risk”.   According to Larry, there are many men who are risk-averse. He would much rather take risks even if they don't always turn out successfully than die without trying. There's a bigger risk in doing nothing and not going anywhere in life than failing sometimes. Mentioned in the show: www.thedadedge.com Larry Hagner - The Dad's Edge His LinkedIn www.shineinsurance.com/reiclarity The REI Clarity Framework Learn how to grow your portfolio and reach incredible success the right way! Visit us here for everything you need to know: www.shineinsurance.com/reiclarity.    Special thanks to Larry Hagner for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to REI Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the REI Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the REI Insurance Guy? More great stories & information at: Youtube – Blog – Podcast

Brandon is an active investor that specializes in the BRRRR strategy. He was born and raised in Hawaii and invests for cash-flow in the midwest. While building his portfolio, he developed a passion for personal growth and became a Certified High-Performance Coach. As a coach, he helps individuals reach new levels of success in their personal and professional lives, and guides new investors toward starting their own real estate portfolios. He does all of this while maintaining a full-time job, raising two young children with his wife, Christine, and volunteering at his local church. For Brandon's services he can be reached at : brandonrabe.hi@gmail.com. Rich State of Mind Links: Website: www.richstateofmind.com Instagram : @rich_statebrand and @rich_invests_ Podcast links: https://linktr.ee/anthanerichie Please like and subscribe to my channel. See our cool wealth building and real estate T-shirt designs in the links below : Rich State of Mind Store :https://bit.ly/RichState --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/anthane-richie/support

Lee got his start in real estate in 2012 building a property management business from 20 doors to 220 doors in 4 years. He Relocated to St. Louis and began investing with a duplex and continued to investing until he found “The Power of Partnerships” and was able to close a 38-unit apartment complex near Louis, MO in October of 2019. That team closed its first 506B Syndication of a 76-Unit Apartment Complex in October of 2020 (right in the middle of COVID). The Green Forest Capitals' mission is to provide Safe, Clean, and Modern Affordable Housing to 1,000's of workforce families throughout the Midwest and Southeast, providing an above average Return On Investment to our investor/partners, while supporting and promoting the reforestation of our National Parks affected by Forest Fires by donating 1% of all distributed funds to One Tree Planted ($1 = 1 Tree planted). In this episode we talk about: Syndication Networking Due Diligence Insurance Seller Financing Loan to Coast Refinancing Subscribe to my Youtube Channel for more great content. Download my Free Deal Calculator Spreadsheet!   Links from the show: Green Forest Capital Talie Investments Facebook Page Talie Investments Instagram Join our Facebook Group Real Estate Deal Closers Talie Investments Resources Get our FREE Deal Calculator and CRE Glossary Please leave us a 5-Star rating and a review in iTunes. Each review helps us reach more people.

Nationally-recognized real estate rockstar David Greene of Bigger Pockets and Keller Williams holds nothing back! David provides his thoughts on the BRRRR strategy and dissuades the myths around equity as a cushion. David also covers the buyer/investor relationship, houssehacking as a cheat code, and why you need to start pushing over dominos to build your empire. Please enjoy today's episode and if you like what you hear, leave us a review and share us with a friend. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: David Greene of Keller Williams Link: David Greene Team Mastermind Link: David Greene Real Estate | Keller Williams East County Link: Pitch Anything: An Innovative Method for Presenting, Persuading, and Winning the Deal Link: So Good They Can't Ignore You: Why Skills Trump Passion in the Quest for Work You Love Link: Extreme Ownership: How U.S. Navy SEALs Lead and Win Link: David Greene Real Estate Sponsor: Prime Lending (Perry Farella)   Sponsor: Cost Segregation Services ----------------- Guest Questions David Greene's favorite of his books? 6:00 Questions investors should be asking agents? 10:00 Are you expecting inflation to increase over time? 26:30 BRRRR. 35:00 What price points does BRRRR work best with? 40:30 What's next? 55:30 Wrap Up Questions What is your competitive advantage? 1:00:00 Advice? 1:04:30 What do you do for fun? 1:06:00 Self Development? 1:07:30 Recommendations? 1:10:05 How can we learn more about you? 1:11:00 That's our show! Thanks so much! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/. ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.

When most people think about section 8 housing, they think of run-down homes, troublesome tenants, and negligent landlords. This stereotype may prove true in some markets, but for Dr. Joe Asamoah, this is far from reality.Joe has built his real estate portfolio by renovating homes to an incredibly high standard, situated in some of the best neighborhoods in the DC market, and all while under section 8 housing. Joe figured out early on that section 8 housing authorities gave much more rent money for houses with 5 bedrooms and up, so he started renovating to match the rent section 8 could provide him. This not only allows him to take home a sizable profit, but score tenants who will respect his homes as their own, and stay there for 15 to 20 years minimum. This is no joke, Joe has tenants who have been with him for two decades!You'll see a deep dive of Joe's latest property in today's episode, complete with pictures, videos, and other helpful visuals. If you're only listening to this podcast, we'd highly recommend checking out the video version over on the BiggerPockets Youtube channel!In This Episode We Cover:What the “Big City BRRRR” strategy entailsHow to control tenant turnover so you have ZERO vacancy Using section 8 to take in higher rentsHow to create a top tier product that attracts top tier tenants Becoming the best landlord a tenant could ask forAdding bedrooms, bathrooms, and getting permits for everything in betweenAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelBiggerPockets BookstoreBrandon's InstagramDavid's InstagramBiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe AsamoahRookie Podcast 03: Coronavirus Crash? Do's and Don'ts from Recession Veterans Joe Asamoah and Steve RozenbergBiggerPockets Youtube: Big City BRRRR Strategy & Recession Proof Cash Flow Real Estate with Joseph Asamoah!Check the full show notes here: https://www.biggerpockets.com/show498See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Our guest today is John Okocha, a multifamily investor and private equity expert. In this conversation, we dig deep into how to network and build connections thoughtfully, the best ways to raise capital, and how to build trust with your investors. Join us and level up your networking game! Learn more about John and his journey at reiclarity.com! “Hang around people that are smarter than you.”   04:32 John's parents immigrated from Nigeria in the ‘80s to make their dreams come true. John inherited this mindset and he's always wanted to create something meaningful.   From an early age, John always put himself in situations when he could be around people who are further along in their journeys than him. His advice is to always seek out opportunities when you're out of your comfort zone because that's the only way to grow. “In the long run, the people who are going to be the titans of the industry are the people who have an extremely high EQ.”   17:49 John is an expert in making connections in the real estate space. He shares his best pieces of networking advice with us. Attend your local real estate meetup consistently so people get to know you. Be honest about your goals and where you're at in your journey. Ask thoughtful and insightful questions and also try to connect on a personal level with investors. Practice talking to as many people as possible. Read books on networking. “The highest form of money is trust.”   33:26 John is an expert in raising capital. According to him, the most important part of raising money is trust. Investors have to trust you or your brand in order to invest with you, so focus on building trust.   Ways to build trust and succeed in raising capital: Educate yourself and be an expert in your field. Be active on social media and talk to your followers regularly. Go to as many meetups as you can. Make sure to follow up with people in your network. Mentioned in the show: His Instagram Okocha Equity Partners His LinkedIn Keith Ferrazzi - Never Eat Alone Dale Carnegie - How to Win Friends and Influence People Richard La Ruina - The Soulmate Sequence Chris Voss - Never Split the Difference www.shineinsurance.com/reiclarity The REI Clarity Framework Learn how to grow your portfolio and reach incredible success the right way! Visit us here for everything you need to know: www.shineinsurance.com/reiclarity.    Special thanks to John Okocha for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to REI Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the REI Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the REI Insurance Guy? More great stories & information at: Youtube – Blog – Podcast

In E134, Ara Poladian discusses how he lost his job when the first lockdown started and how he shifted gears to start his own construction company that would cater to not only his own BRRRR projects, but also to other investors. Ara made no excuses for himself and used his existing skillset to branch into home renovations, leaving his career as a P.Eng. Ara and Andrew discussed how to make decisions like a seasoned investor by knowing what goes into the different jobs within your project. They also discussed minor variances and how to 'love your job' by getting involved in the hands-on work. Listen on Apple Podcast, Spotify, Google, Stitcher and more @ https://linktr.ee/theandrewhines Connect with Ara Poladian Instagram: https://www.instagram.com/poladianconstruction/ Phone: 519-716-4599 Email: poladianconstruction@gmail.com Connect with Andrew Hines on instagram: https://www.instagram.com/theandrewhines facebook: https://www.facebook.com/theandrewhines Andrew Hines Audio · E134 General Contracting Your BRRRR Real Estate Projects With Ara Poladian Music Info, Artist: JPB, Song: High, NCS Release: Feb 1 2015, No Copyright Copyright Free

Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Facebook Live Question and Answer sessions. I just started doing these live forums in April and they are going so well and I am getting such great feedback and questions, I thought I would share them here on the podcast. Especially for those people that are unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more! Some of the questions have been very real estate specific, but others have been general business questions, like asking about overcoming fear in order to get started and how to successfully scale. I have also received more personal questions like how I decided real estate investing was right for me and the steps I took to get my business off the ground.   This presentation is the live Q&A that I did on July 28th and each week on Thursday we will offer you another chance to take advantage of listening to the answers to our guests' fabulous and compelling questions! Don't miss this new episode of the Just Start Real Estate Podcast! Notable Quotes:   “Most peoples' limiting belief is that they need to be more of an expert to get started.”   “You can get started with little knowledge and build on that… you should always be learning.”   “Another limiting belief is that it is the wrong market to get started.”   “I spent five years making excuses, educating myself, being afraid of failing, being afraid of making mistakes, and I probably lost $3M because I didn't get started.”   “The number one way to raise private money is to talk about what you are doing in your business.”   “If you ask for money, you will get advice. If you ask for advice and talk about your business, you will likely get money.”   “For most people, starting with single-family homes, either renting or flipping, is a good way to get started.”   “If you want to be held accountable, tell your goals to the person who will call you out on your BS.” Links: Find & Fund Blueprint 7 Figure Flipping Return on Investments Just Start Real Estate JSRE on Facebook Mike on Facebook Mike on Instagram Mike on LinkedIn Mike on Twitter Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months

Our guest has been in the real estate and financing space for over 20 years; and in the last 5 years, he has closed at least 650 transactions. Joining me on the podcast today as Antonio Hernandez. Backed by his own experiences as an investor, he has become a lender who specializes in working with other investors. He is based in Chicago, but he lends nationwide. In this episode, Antonio offers advice for people who are new to rental properties and getting loans. He also talks about what he has to offer as a lender, the strategies of other lenders, and a few things you should consider if you're a short-term rental property owner. Tune in for insight from an investor-lender's perspective! Key Takeaways [03:18] How Antonio transitioned from investor to lender [06:18] The advantages of doing the BRRRR strategy [08:46] About getting loans from private or hard money lenders [11:25] How investors can access the loaned money while doing projects [13:08] Lenders don't care where your money comes from as long as it is in your account [14:33] On qualifying for an investment loan [21:38] On getting loans for short-term rentals [26:55] On appraisals [34:00] Have an LLC or a corporation. You also need money (for the downpayment), credit, and experience—but you don't need these 3 at the same time Links Antonio's website - https://theinvestorfunding.com/ Antonio's number - 630-640-9060 Antonio's Facebook - https://www.facebook.com/AntonioHernandezEnt Sign up for the upcoming “The Vacation Rental Blueprint” webinar Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1 Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals Living Off Rentals Website - www.livingoffrentals.com Living Off Rentals Instagram - www.instagram.com/livingoffrentals

Our guest today is Jonathan Twombly, multifamily investor and founder of Two Bridges Asset Management LLC. In this episode, we talk about the current market, how to put together a successful deal, and how to elevate your investing game. Tune in and you'll walk away with deeper insights into today's market and the best ways to grow your investment portfolio. Learn more about Jonathan and his journey at reiclarity.com! “You're either dealing with a market where everybody is crazy for real estate and it's easy to raise money but hard to find deals, or the other way around, where it's easy to find deals, but very hard to find the money.”   03:11 Jonathan had a successful career as a lawyer in New York. He was always interested in real estate investing so when he lost his job after the financial crisis in 2011, he decided to jump into it full time. He started a syndication business with a partner who had more experience and his first deal was a 104-unit apartment building.   Jonathan's advice on how to create more stability regardless of the current market: Always plan for the downside. Don't just think about how much money you can make, but also how you could survive if the market takes a turn for the worst. Have a strategy for vacancies. See how far down you could go before you're at breakeven with your debt and evaluate the risk. Build a good team around you. “There are no more emerging markets, everything is overvalued.  What you should be looking for is markets with hidden value.”   16:06 Jonathan talks about the current real estate market. It's difficult to find good deals, however, people are willing to overpay for properties.    Even though we have a tough market right now, Jonathan still believes in multifamily investing. He shares his best pieces of advice on how to get in the game and find good deals. Adjust your expectations. Have a long-term strategy, rather than just thinking about making money fast. Be very strategic. Think about what markets are out of favor right now. Instead of emerging markets look for overlooked markets with hidden value.   Jonathan raises a lot of capital. He shares his method of attracting an audience. Create a platform that allows you to speak to a lot of people at the same time. This could be a podcast, Youtube channel, or Facebook Group. Invite people to your email list. Provide additional content and education to these people to build a relationship with them. When you have a deal, offer it to your engaged mailing list. “You don't have to have a billion dollars under management. You can do it at a much, much lower level and still have a different life and not have to work all the time.”   41:00 At the end of the episode, Jonathan picks action steps from the REI Clarity Framework that is the most valuable to him. These are “Find the Money” and “Build Your Team”.   According to Jonathan, raising money is a big stumbling block for many new investors. He suggests educating yourself on how to correctly raise money and building a good network and team.   Mentioned in the show: Multifamily Investment Community Facebook Group His LinkedIn https://twobridgesmgmt.com/ www.shineinsurance.com/reiclarity The REI Clarity Framework Learn how to grow your portfolio and reach incredible success the right way! Visit us here for everything you need to know: www.shineinsurance.com/reiclarity.    Special thanks to Jonathan Twombly for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to REI Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the REI Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the REI Insurance Guy? More great stories & information at: Youtube – Blog – Podcast

It may seem like you need to throw a lot of your own money down to buy a property, rehab it, and rent it out. But with a simple strategy called the BRRRR Method, you can position yourself into property assets via refinancing and you don't have to invest any of your own money.David Dodge is basically “the BRRRR guy,” so he's here today to break down exactly how it works. BRRRR is an acronym, and if you follow the steps, you'll be making deals without putting your own money down.The B stand for Buy. You have to buy the property. Find properties at a discount by looking for motivated sellers. The first R stands for Renovate. You can get private investor money to cover your reno costs. The second R is for Rent: you rent the property out to secure your cash flow. The third R is for Refinance, and this is really the heart of the strategy. And the final R simply stands for Repeat. You've worked the method and made the deal, now go start the process again!David also explains how to work with local banks and build relationships so that they'll be more likely to give you the loans you need. Plus, we discuss amortization: what it is, how it works, and how to use it to your advantage when refinancing.To get involved in our program yourself, go to REInetwork.com/join.What's Inside:The BRRRR Method: Buy, Renovate, Rent, Refinance, Repeat.P-BRRRR: make sure you prequalify first.How to work with local banks to secure loans.Amortization explained.

In E133, Ross Nedaee discussed how he has built his real estate portfolio from almost nothing to 20 units in under one year. Ross is full of ambition, has experience as a realtor and works in sales so he's been able to apply what he knows to build out his operation with confidence. Between real estate investing, perfect BRRRRs, slick negotiations and building his social media presence, Ross seems to do it all. This episode features deep discussions on a multifamily BRRRR project Ross did as well as how he's built his team and he and Andrew discussed how to manage the relationship he has with his contractors. Listen on Apple Podcast, Spotify, Google, Stitcher and more @ https://linktr.ee/theandrewhines Connect with Ross NedaeeInstagram: https://www.instagram.com/ross.nedaee Connect with Andrew Hines oninstagram: https://www.instagram.com/theandrewhines facebook: https://www.facebook.com/theandrewhines Andrew Hines Audio · E133 Multifamily Real Estate BRRRRs and Rapid Growth with Ross Nedaee Music Info, Artist: JPB, Song: High, NCS Release: Feb 1 2015, No Copyright Copyright Free

Abel Pacheco is a Real Estate entrepreneur commercial Loan Broker from Texas with a proven track record of repositioning properties, delivering quality renovated housing products to market, and delivering consistent returns to investment partners.  Abel has experience in acquiring distressed properties, managing renovations, raising private capital, and managing investment properties. Abel and his wife have invested, owned & operated income‐producing properties.  Abel is invested in $93MM of Commercial Real Estate in 794 doors. He is a General Partner & Principal in 512 doors, and a Limited Partner in 347 doors. He is also working through the process of developing a $14MM, 156 door community, from the ground up. In this episode we talk about: Multifamily Education Passive Investor Syndication Raising Capital Commercial Loan Subscribe to my Youtube Channel for more great content. Download my Free Deal Calculator Spreadsheet! Links from the show: 5TCRE Website Talie Investments Facebook Page Talie Investments Instagram Join our Facebook Group Real Estate Deal Closers Talie Investments Resources Get our FREE Deal Calculator and CRE Glossary Please leave us a 5-Star rating and a review in iTunes. Each review helps us reach more people.

Brendan Bennett is an account executive at Fund That Flip, a real estate crowdfunding platform and one of the fastest-growing lenders in the country. In this episode, Brendan dives into the concept of industrial psychology, where business and psychology marry together. His master's degree in Industrial-Organizational Psychology focuses on job satisfaction and employee engagement, and he talks about how this is applied to the real estate investing world. Brendan walks us back into his journey into real estate investing and he takes us behind the scenes of private lending. He also shares his thoughts on relationship capital and how the BiggerPockets' guide on the BRRRR method works. Reference Links Fund That Flip https://www.fundthatflip.com/ BiggerPockets https://www.biggerpockets.com/ Email: brendan.bennett@fundthatflip.com LinkedIn: https://www.linkedin.com/in/brendanqbennett/ Instagram: @brendanqbennett

In this episode, brothers Ashton and Chris Levarek share how they built their family company, acquiring 42 units in only 15 months. We cover how they got started, how they structure their company, divvy up the work and optimize for rapid portfolio growth to build long-term wealth for their families. Check them out at valkeregroup.com and on their podcast The Art of Winning.  --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Tom: Greetings, and welcome to The Remote Real Estate Investor. My name is Tom Schneider. And on today's episode, I'm going to be interviewing Chris and Ashton, love Eric to veterans, and they're going to tell us about how they went from over 40 units in 15 months. They're also going to talk about how they structure their business working together as brothers and how they're building wealth for their family in the long term. All right, let's do it.   Christian, Ashton, welcome to the show.   Ashton: Thanks for having us, Tom.   Chris: Glad to be here. Good to be here.   Tom: Awesome. So before we get into it, I'd love to hear a little bit about your guys's backstory. Brothers. Let's Let's hear it.   Ashton: Yeah, we're brothers. Obviously, Chris and I, I don't know, I'm four years older. Joined the military right out of high school. did that for about 18 years? I did. I was a rescue swimmer for the Coast Guard. And then I went into pair rescue for the Air Force. But around 2018 Chris and I have always been pretty close. But yeah, around 2018. Chris came to me with this great idea of creating passive income. And you know, at face value, like Yeah, let's do it. Let's get some passive. You know, cash flow. Sounds great.   Tom: Chris, where'd it Where did Where did you get that? Where'd you get that concept? Are you kind of in the looking up on bigger pockets? Looking at the Who's that Rich Dad Poor Dad stuff? or How did you? How did that first come to you?   Chris: You know, I've been trying to think how the first how I first got involved. But definitely It must have been something bigger pockets a podcast, I can be 45 minutes to work. on my end, we'll go into my story. But somewhere along the road has like sounds great what these guys are doing. And here we are, you know, busting away for a 401k that probably isn't gonna pay what we think it's going to pay at the end of the day. Ashton: And I'm kind of one of those guys that like, if it sounds like a good idea, and we do a little due diligence, I don't need to know all the details. Let's go. And so that's kind of what happened. I was like, Yeah, let's do it. I was two years from retiring from the military. And, you know, I'll let Chris tell his story. But it made sense. At that time. I didn't want to get another job. I didn't, I didn't want to create that passive income. I did want that security without having to go get a new employer, you know?   Tom: Definitely. Chris, let's hear. Let's hear a little bit about your background.   Chris: Yeah, sure. So I'm in Phoenix, Arizona, now. been here for about the last, say 10 or 11 years now. My story, I followed my brother in the military. Before that I traveled I was in Europe for about two years in France, really like traveling. So I joined the military thought I get more traveling, they sent me to South Dakota. So…   Tom: That's traveling still counts.   Chris: Yeah. So I got to see the Midwest. That was cool. I did realize, you know, I didn't want to stay in full time. So I left after four years, I was a firefighter in the military decide not to pursue that went into it got my degree at ASU. In computer I computer administration, Information Systems get here, remember now. And then I joined it engineer for the last 10-11 years. And that's kind of where it all started was was I was changing jobs every two years in the IT industry, which is pretty common. And putting away the six to 10% a 401k. Like people were saying.   And you know, I started listening to podcasts, just random, different ones, I can't remember how I started listening podcast, but long drive to commute, started listening to bigger pockets when mainly and hearing just these people set themselves up with passive income that they don't have to go do something else. When they're 67 or rely on some kind of money. They've piled away for years to last them until they you know, eventually pass or you know what happens with the family? What happens to them after that money runs out.   So I got the wheels turning. And that's kind of where it all started. I was thinking if these people can do it, why can't we? So I was, you know, reading all the books at that point and the rest of this kind of journey.   Tom: Sure. Before we get a little bit further into the journey, and you know, making that transition, where you guys pretty close in high school where there's kind of like apprehensions going into business together. I'd love to hear a little bit about that.   Ashton: So our parents were entrepreneurs. And I know everybody says don't go into business with your family. But that's because everybody's an idiot. Now. I'm just kidding. I'm just kidding.   Tom: I like it hot take. Yeah, but yeah.   Ashton: But you know, I think going into business with the wrong people. was the problem and understanding, you know, what you bring to the table and what they bring to the table and not everybody's equal, not everybody's different. And if you go around expecting everybody to do it the way you want to do it, you're, you're going to be heartbroken or upset at the end of the day, right? So I think Chris, and I were pretty comfortable being an entrepreneur with the idea of starting our own business, just because we saw our parents do it. Now, we didn't see them go through a lot of different troubles. So there was apprehension on that side, kind of like what you said.   But, you know, what are the more research we did? The more it made sense, Chris, and I have always been really close. We've been, you know, we're four years apart. But, you know, we're both very athletic. Yeah, yeah. We, I mean, we're both about getting stuff done. So that's kind of how it started. Initially, yes, there was a bit apprehension working together, like how we're going to make this work. But I think like I said, the clearer you get about your vision, and the clearer you get about what you need to accomplish that vision, and who sits in those roles to get that done, the easier it becomes.   And I think that goes family or no family, anybody, you know, everybody, anybody, you're going to hire anybody going to work with partner worth, whatever. And we can go into the tools and how we get in. We did that, that helped us figure out our roles and everything. But that's essentially it, you guys have to be clear about what you want out of the business out of the relationship, the partnership, everything has to be absolutely clear.   Tom: Definitely getting on the same page up front. So awesome. So let's, let's go ahead and take it back to 2018, I believe is when you guys started. What was the strategy? What were the assumptions? And maybe walk me through that through that first 90 days of getting getting going?   Chris: Yeah, there was. It took me I think March 2018. I started doing all the podcasts and books and we closed a property. I want to say it was October 2018.   Tom: Multi multifamily are what kind of, yeah, I'd love to hear about the market, the type of property, all that good stuff. A lot of cat backs are Yes or No, go ahead. I'll let you run with it.   Chris: Yeah, the first one, you always learn a lot. And, you know, that's, that's, that is the journey. That's the fun part, too. Like, it's not always about just getting a unit count. I think we've had a lot of fun along the way. So that first one.   I at the time, Amazon was about to land somewhere for the headquarters to me being an IT, I thought, you know, well, let's land right there kind of land. And we'll make a lot of money.   Tom: Yeah.   Chris: Ashton happened to be live in North Carolina at the time was working down, you know, in the military still down by a town called Fayetteville. And so right, you know, just north of that is Raleigh. And I saw that the rally was on the idea for for Amazon. So it's like, hey, let's go find something on rally because super expensive, but 20 minutes north west of that is Durham, and Durham has Duke University and North Carolina Central University. It's a big education town.   Tom: The triangle, right? Is that what they call?   Chris: Yeah, education? Yeah, yeah, exactly. And knew nothing about that time. But I was like, well, it was all based on Amazon. And turns out rallies a great market. So it was a good, good destination, we did look into, you know, we got a property manager in the area, we got an agent in the area. We vetted our kind of like, idea of the market, you know, what's the population look like? What what's the employment there? You know, we're all learning that as we're going.   We, you know, went all in on to duplexes. They were, I believe, 1940s really rough shape, interesting area of the neighborhood. Yeah, it wasn't right next to Duke, but definitely, there was already a lot of gentrification going on, there was properties being turned. So it looked like a good opportunity. We got in there, we did our you know, walkthrough on video, we didn't even visit it, you know, Ashton maybe drove up once or twice to go look at it. But, you know, we depended a lot on our team in the area. And that was the agent that was the property manager, the contractors. So they would come out and walk in and give us a bid. We did multiple bids on what we need to do.   But we were off by numbers. You know, we thought it would be a lot less repairs than it would be. And we just kept finding things as we were doing the work. To fix these up the strategy, really, we were trying to do the BRRRR approach. So we were trying to buy it, renovate it, and then rent it and refinance and pull all of our equity that we that we are capital that we invested into it, pull it out, and it becomes 100%, you know, return so that's what we're really looking to do. And as the cost kept rising, kept rising, were like i don't i don't know if this kind of work.   Tom: A couple of questions. I'll kind of sprinkle in there. So did you guys look at a lot of other properties before deciding on those two duplexes. Any other offers that you had in? Or was it just kind of like? It came up quick? And it's like, Alright, this one looks good.   Ashton: And we made a bunch of offers. Yeah. Terrible. Yeah. Yeah, we looked at a bunch of a bunch of other properties, we're working with a real estate agent at the time. And she would send us deals, you know, every every week, but I think there was a big learning curve with her as well as like, what she thought was a good deal versus what we thought was a good deal. And then, of course, the whole time, you know, every time she would send us something, Chris, or I would go and analyze it, using the bigger property or bigger pockets analyzer at the time.   So yeah, we looked at a lot of other properties, a wholesaler brought that to market and listed it and then she brought it to us. And I remember the first time we looked at it, I kind of thought, you know, you hear all those stories on on podcast, back then anyway, it's like, Oh, it looks like trash, it's probably a good deal. You know, that's not always the case. So sure, make sure you do your due diligence on the market on that neighborhood, make sure it can support that much investment for rehab, and still come out on top.   So we were lucky in that sense, like the neighborhood was turning, there was a I mean, we got that one at 209,000. There were homes being sold, built and sold for 600,000. right across the street, so are right down down the street. So it did work out.   Tom: Sure, yeah. Great to catch that, that timing. And, you know, as a good lesson not to wear rose colored glasses and think too. So you guys bought it costs are going up, you know, was there any kind of moments of apprehension of like, maybe we should just sell it and get out? Or tell me, you know, kind of through, you know, you guys still on the property today, let's hear a little bit more about this first earlier deal.   Ashton: I think there's always apprehension, should we sell it and get out? I mean, we've considered selling it. So we owned it, probably for two years, we'd probably considered selling it I don't know, three or four times throughout the whole deal. Like you're always learning. And if you're not learning, you're probably doing something wrong.   But we thought so when we refinanced it, we paid off, we paid our investor, we had an investor or a partner at the time, that did 70% loan to value. And that allowed us to get into the deal. And then we paid for the rehab, the rest and of course, the rehab, and we had to dip into our home equity lines of credit for that, as well as like, I can't remember if we use our maybe it was later that we liquidated our other investments. But you know, so when you do that you're like, well, if we don't refinance it fair enough. How are we going to pay back these other loans?   You know, so you're always considered, I think, in the beginning, you're always considering, like, did I do this, right? Yeah, are we going to be able to pay everybody back, as we got renters in it, and it was cash flowing. At that point, it made sense, we were able to refinance, that I'm not sure that we pulled everything out. But we were able to pay back our partner. And it was kind of a proof of concept. And a lot of times I think that's what happens is people don't take action, because they don't know if it's going to work.   The biggest takeaway from that for us was, it can be done. And so from there, we just took off sprinting, we were, we bought two more duplexes, five unit 13, unit 16 unit just kept going. Because you start to realize what's possible, especially when you start working with other people, if you're trying to do everything on your own, I think you're really gonna go a lot slower, and you get to make all the mistakes yourself. But you get to make all the learning to it's just going to be a slower process. For us, I think that was a big our biggest takeaway was like, if we work with other people, professionals, and by that I mean, other investor friendly landlords, investor friendly real estate, mortgage brokers and, and real estate agents and so on, like, those people are going to help you, right, they're going to help you be successful, because they need they want to be successful.   And so that's kind of what we started doing. We started that's exactly what we started doing. We started leveraging other people, not just financially but their experience. But yes, there was a lot of apprehension. I mean, not you know, you're always you're always doing that you're always like I did we make the right choice, should we sell Should we get out of this market? Should we go somewhere else? What don't I know, you don't know what you don't know sometimes. And that scares you the most.   Tom: That's, uh, that's pretty magic, as I remember my first deal kind of going from zero to one, you know, and you receive that first check. And it's like, wow, this is real. This is awesome. You know, you made a good point about leveraging other professionals. Be it property managers, lenders, all that good stuff. Did you guys kiss any frogs with regards to partners and I'd love to hear about kind of those stories and recommendations you'd make to people listening in finding that right you know, property manager, agent or whoever you know, to help build that team. I'd love to hear any of you guys have any editing, not horror stories, but I'd love learning experiences as the way that I'll put it with regards to partners. Especially doing a little bit more remote.   Ashton: Yeah, we've moved on to quite a few. I mean, I, we should sit down and count how many people will be partnered sometime? Chris, that'd be a good one.   Chris: Would be interesting, I think so we're probably up to three or four property managers now, before maybe four or five now, but bigger properties. But yeah, different contractors, you know, the biggest biggest recommendation, if you can find someone else's work with them, can give you a good review of that person. And it's honest review. It's not just a passing, you know, bigger pockets, they're great,   Tom: it's not there, it's not their uncle or someone giving you the recommended   Chris: Yeah, and you can call them up and you can have that conversation, you know, beforehand, that's really the best thing I think a big problem people run into is they just kind of want to check the box and get it get the deal closed. So they just go out and find whoever you know, and they get a handyman, who who's doing their roof, or they get a contract crew who just is going to do the bare minimum, they're going to give you a great bid, but they're going to give you the bare minimum product as well. So that product will break down after a couple years. So was it worth the minimum bid, you know, so that a review of someone else can be worth its weight in gold. And sometimes you can even you know, pay someone or partner with someone to get that recommendation to get that connection or that, you know, buy them lunch or whatever.   We've been really fortunate, I think, you know, our first agent was probably she was not probably she was focused more residential. So asking her to find duplexes, you know, in a very hot market was hard for her to do. And she didn't know what we were looking for what our criteria was. And, and we didn't either, you know, as new investors, you're figuring out your criteria and experienced investors develop that criteria. And or they, you know, they read a book that really tells them what they should be looking for. But if you're new to the game, make sure you partner with experts already in the game, you don't want to be teaching each other along the way with your different partners.   So getting those recommendations, having those calls, vetting them is really important. But we've been Yeah, we had one property manager and you know, just did not follow our guideline to what we wanted to do did not raise rents, had multiple problems did not renovate units, did not lease to the right people. And it took a year for us to see these issues keep coming. And we not all sudden we're having weekly calls with them are like, well, this is not property management. This Is Us managing the property itself. And they're just they're just there physically. And so we did have to move on from them. That's why it's so important to talk to someone who's worked with them, because you won't ever everything's gonna appear so nice. That first relationship meeting, you really want to get some background to their their business.   Ashton: Yeah. And I think, tonight, caveat on what you're saying, Chris, I think the way we would have avoided that the way we stepped into that bad property manager was actually from a recommendation from a real estate agent. And so not to say he was definitely well meaning and we actually bought another deal with him later that year, I think. But the problem was, he wasn't using that property management company for his comp his business, right. So he was just given a recommendation off of based off of who he knew was doing property management in that market.   And like Chris said, that set us back, you know, set us back almost 12 months, I mean, if you think of like, it was a 13 unit apartment complex, if you're not performing the way you're supposed to be performing, you're not gonna be returned getting the returns you want. And if you have investors, like, yeah, your cash flow is going to hurt. But if you have investors, that's a big deal, right? investors or partners, and so taking that hit on the income, because of those issues that Chris just highlighted. Yeah, it was a big deal for us.   I mean, if you're going to take a recommendation from somebody you trust, do it, but definitely get those reviews, those I mean, everything's review basis, or these days. I mean, it's, it's almost impossible not to get good not to get reviews. If you go to somebody's business, if they're not listed as a business that maybe that's your first sign.   Tom: Yeah, so looking back in hindsight is 2020. I'd love to hear some thoughts you guys have around, maybe some things you would have done differently. So like, you know, it sounds like this one property manager doing a little bit more thorough vetting would be at any other kind of recommendation that people listening could take to their own, either getting started or scaling in doing some things differently.   Chris: Yeah, I think I think checklists are big. processes are big. I mean, I'm big on that. I mean it. We make systems for processes for everything. However, you never actually improve, unless you jot down what you did wrong and make a checklist to not do that again. And so we got really big on making just the process. We have processes for how we're going to take down 100 unit apartment complex, what that means multiple steps along the way to how we're going to take down a small multifamily deal or maybe a short term rental, there's different processes.   But if you don't have in there, you know, call the property manager and get three reviews, guess what the next time, you're probably not going to do it, you're going to skip it unless it really battle scarred you, then you won't forget that one. But we might forget to, you know, ensure that you get the extra money wired, you know, two weeks before, whatever the checklist item is, but note down what you did wrong, and then make a system so it doesn't do it again.   Ashton: But you know, and don't let that stop you from taking action. Because I think what Chris says is absolutely true. But if we had all the checklists To start with, like, I don't know, if that would have helped, like, you know, hammer home, how important some of the things are, like, taking action and making mistakes is what really builds that learning. I think those processes or systems are absolutely crucial. But at the same time, you can't wait for the perfect product before you take action. You know, I think that that pursuit of perfection is probably usually the biggest roadblock to people actually getting out there and doing something, whether that's investing passively, passively or going and taking a deal down yourself.   Tom: Paralysis by analysis is that is the term and I love both of those things. I think, you know, codifying, and systematizing, you know, but you know, you don't want to boil the ocean and have to be so perfect that you never take action, right?   I'd love to touch a little bit more. You guys talked about markets in Raleigh. Are you guys? Are you guys continuing to go deep in North Carolina? Or what other markets you guys in? And are you guys traveling out? there much are? Yeah, I'd love to hear about that.   Chris: The other caveat is partners, right? Kind of last last piece. So we have partnered with different partners and our markets have expanded because of that. So previously, we were focused really on partners with property managers, lenders, agents, and you could focus in a sub market or a market. We were in Durham, we went to Fayetteville, which is around Fort Bragg, North Carolina. Most we had about 45 units there. So small multifamily. Then we partnered and went to Columbus, Ohio. We had a bigger deal there. I was 84. Unit.   Tom: Sorry, did your property manager have coverage in that as well as that would lead you to jump over to that area? Or just   Chris: No, no, just another another partner, another investor group that, you know, we were big on partnering with other investors, another group like that, so we pulled resources together and took down a bigger apartment unit in Columbus, they actually had property management in Columbus. So there you go. You're leveraging the partners, experts in their team as well. We had those recommendations already, because they're using them. And so you know, it took a long time to develop that relationship that we with this other investment group. I mean, that was 8 months in the making. We didn't just jump in.   But that took us to Columbus, we flew out to Columbus, we did due diligence in Columbus, last year, April timeframe, I believe. And so walked 220 unit property, the 84 unit, the 220 fell through. But then, you know, after we did that 84 unit, we actually went to Texas, again, the property management company that our partners were using found a deal in Dallas Fort Worth. And they had offices there. So it made sense. We flew out to Dallas, late, late 2020, closed in November of 2020 on 120 unit deal out there as well, same property management company, same Investment Group partners, and that, you know, it was the same dream team come together. So it was easy to make that happen. I mean, not easy. COVID you know, threw itself curveballs.   Tom: Sure I'd imagine.   Chris: but then yeah, we just same same partners, again, different property management team. We just closed in Daytona, Florida 384 units. So that was our biggest to date, flew out to Daytona, I want to say, four months ago, three months ago. And that was a nice trip. I'll do detail. And again,   Tom: That's incredible. I mean, and also, you know, I don't think I've said it yet. Congratulations on all the success in partnering with some of these other investors in groups. How do you guys set lines of like responsibility, or you guys mainly coming in as kind of operators and aggregating vendors, I'd love to hear talking about that in in forming these partnerships, you know, less from the specific vendors that are like pretty straightforward, like the trades and the property managers, but more with like other investors.   Ashton: Yeah. So I think what it comes down to is you got to identify what you bring to the table first. What are you good at? Right. And I think I mentioned this before, I think one of the biggest problems people have is they think they have to do everything. But when you start to whittle away at what you don't like, what you're not good at, and what you're not suited, you know prepared to do, then you can find the people that can fill those roles. I it sounds really simple. But um, I see it over and over again, people think they need to do everything they need to take on more than they need to. I mean, I would rather have 1% of 100 great deals than 100% of one deal that I'm doing everything for.   With that in mind, Chris, and I kind of realized that we really enjoy building the investor relations, everything from raising the capital to preparing. I mean, nobody enjoys preparing taxes, but getting the taxes prepared by the end of the year, to keep it up to building that rapport with new investors to keep in that rapport with repeat investors. That whole passive investor pipeline, like building that up and helping people create passive income, because that's what they want to do. That was our focus. And so so where does that leave us? Like, how do we do deals, if nobody's bringing us deals, so we had to find somebody else that was had a good deal pipeline, and honestly, we, it really wasn't a, let's go find these people. It was more like, this is what we like doing. And we were focused on that we were focused on building that that relationship with passive investors, building out our profile, building out our brand, our network, you know, our website, all that stuff, we were focused on doing that.   And because we are so focused on doing that, other people found us, and so are our partners who we've done. Now, three, almost four deals with, they came to us and I like what you guys are doing. And we started, we start forming this relationship, like Chris said, it was a back and forth for eight months. And then he said, hey, look, we got the deal flow right now. Would you guys be interested in partnering and helping us raise the capital and, you know, bring investors to this deal and put it all together? And so that's what we did.   For a second there we we stopped, we're like, is this what we want to do? And, and Chris, and I kind of both thought about it for like, less than a couple minutes, we're like, this is exactly what we want to do. Because we're not suited to go finding deals right now. We're not suited to close it on deals to putting that together. So focus on your strengths, and talk about what you're doing. Because the more you get out there, the more you build that brand. And now people see what you're doing. And they're like, Yeah, I would actually like to work with these guys. These guys are solid dudes, they're out there, you know, actually doing the business. And they're not just talking about it. And that's what happened. And that's how it grew.   If you're looking to build partnerships, or if you're looking to partner with other people to to accelerate your growth. That's how you have to do it. I mean, focus on your strengths. And whether that can mean you know, a lot of people are like, I don't know how to do anything, but invest passively. Well, one of our partners, that's how he started, he invested passively in three syndications, before becoming a general partner on his own deal. And now he's off and running on his own. He's doing I think his last deal was 50 something units he did it all by himself, and, and that's what he wanted to do. But it's not for everybody. Like there's other ways to do it. Some people are good at raising capital, some people are really good at finding deals, some people really you know, so like, you kind of focus on what you're good at. And network, network network network.   Pierre: I have a question for you guys. I'm currently partnering with my brother to invest. And I just would love to hear if you guys could speak to the structure of your business. How do you guys break up the work between you two coming up with the capital for projects? Do you guys pool your capital together? Do you guys have your own investments going on within the business? Like how do you guys structure your business?   Tom: Great question Pierre.   Chris: We were really big on traction. Have you read that book? No, it's by Gino Wickman. Great book to build a business to. It's the EOS system. So I don't even remember what it stands for. But basically, it is about mainly two roles, but it's about function in a business. So what's your function in the business even as brothers we know our role in our function? So determining that most big businesses have two main roles, there's an integrator and a visionary. And the integrator is more like the system detail guy and the visionary is more like the big idea down the runway. Where are we going? lot of creative ideas, that kind of thing.   When you have those two, it's kind of that magic. You can see that without you know, apple, Steve Jobs. Steve Wozniak, Steve Jobs, obviously visionary Steve Wozniak, detail guy. So kinda, if you can get that combination, you don't necessarily need it. But if you can get that and then build out other roles and functions that you need in your business, and everybody knows their roles, there's a company map, there's clear structure on what you're supposed to be doing. Then there's clear accountability and you get much more towards your goals in that manner.   We do 90 day sprints. So quarterly goals every quarter reanalyze redo your goals. Every 90 day sprints doesn't matter what they are, it could, it could mean you know, read 20 books, whatever. Typically, you're going to make company goals of course that are on raising your current But you could have your own your own goals as well.   How do we build the structure? I mean, we have about a team of six. At one time we were you know, what, six, seven, I should say. We have one guy that works part time. That other than that we have multiple other partners that have their own companies. So I won't include them. But the six or seven, we meet weekly. So you have a weekly cadence. You know, what's your accountable, your view, if you're on track with those goals, those 90 day goals. So that weekly cadence that quarterly cadence, very important, and knowing your function and role, very important.   Traction will set you up, though, it's a really good book to do that. As far as our roles, I mean, you could probably tell them more the systems guy, I do all the tech, I'm an IT. Ashton's more the podcast guy, he's more the meetup. He's more talking to investors. And we know that we tried to do both. If you try to do both, everybody trying to do let me help you out with that, let me do this. Nobody's accountable for anything, and you don't do anything well, so you have to really focus on the area that you're responsible for.   Our Wives work with us. So full family business. My wife does the finance and legal thankfully, so I don't have to do any of that. You know, I'll do the ppm and the deal legal but she'll, she'll do mainly maintenance and management and operations of everything. We have an investor relations, lady named Lauren, she's she does save everything, onboarding investors, she also helps out my wife with finance and legal, my wife, Jamie.   And then Ashton's wife, she is taking on a new part of our business, she usually manages the property managers. So she does the operational side for the properties. But we are launching a new piece of our business, we are doing short term rentals as well. And she's taking that on as her full time project.   And we also have Olivia Olivia is like, leave is awesome. She's like, the executive assistant does everything gets Whatever you need, you know, for you schedule space, really helpful to have.   Ashton: So she's the rock star.   Tom: Yeah, keeps keeps it all in line. I found EOS his entrepreneurial entrepreneurial operating system, and it's a great recommendation, traction, I haven't read it, but I'll definitely pick it up. And I think it's something that I that resonates with me in talking about this and knowing your strengths is there's definitely a letting go of the ego aspect of it where, you know, you might think that Yo, I'm gonna do it better. Just like no, like, make a bigger pie. Choose what you're really good at, find other people that are good at that. And make a larger pie.   Pierre: Yeah, that's cool. Thanks guys.   Chris: So important for accountability, too. If everybody thinks they're responsible for something, nobody's responsible for anything. So make someone responsible, and you'll get way better achievement of those goals.   Ashton: And Pierre, I think you're asking too about pooling capital dialer. That's, that is a big one, right? It's touchy in the beginning? Like, do we trust the business enough to put my capital with yours, that I'll be able to get it back? And I'm not going to answer that question. Because I don't know what the situation you're in. But I read a really inspirational book, this last month, and I Chris knows exactly what I'm gonna talk about. So if you go read, Nike, what's his name?   Tom: Shoe Dog!   Ashton: Phil, Knight, Shoe Dog. Like, this goes back to what we were talking about before. Like, yes, Chris is talking about a visionary and an integrator. Or a CEO and a CEO, somebody that has the big vision that's looking up and ahead, he has the 10 year, five year plan, whatever. He doesn't know how he's going to get there. But somebody, but he's relying on the integrator to help build the steps to get there so that the integrator is doing the CEO is doing the day to day making sure all those little things are taken care of. And then, you know, the CEO, or he's looking out ahead and making sure they're on top, you know, going in that direction.   Well, if you if you read that book, Shoe Dog, talking about finances, he was a visionary, Phil Knight was the visionary. And he was so much a visionary, that he didn't take a dime, he didn't make any money. All he wanted was the for the company to be successful. And I'm not saying you have to have that kind of vision. But when you understand, when everybody's on the same page of that vision, people work for free people work because they love your culture, people work. And that goes to people you hired to see yourself now how much you're how much money you're going to put into the business how much your brother is going to put in or your other family members or stuff. Like that's going to be up to you. But I think it really comes down to how clear you guys are on the vision, like how much your clarity is key, and then making sure everybody's on the same page.   You know, and Chris and I had a good laugh about this the other day, because we both in COVID during COVID, the height of COVID. You can liquidate your for your Roth IRA with no penalty. And I did that. He did that. And we both joked about her like I don't know where that is. We invested that in our own business. You know, like where is that now? I'm Sure, because nobody's keeping a ledger of how much every each person has invested. Because that's our vision, Our vision is to build this family business that will support our family that will support this lifestyle that we want to do and be able to give 10% back to the nonprofits that we, you know, like, you know, that, like, that is our vision. So we both bought into it. So I don't know, that may help them may not maybe I'm just rambling.   Pierre: No, I think that's super helpful. There's a lot of wisdom in there. But I'll just follow it up with like, any words of wisdom for someone just starting out with their first property with a family member? Just getting things rolling, getting things off the because that first deal is we've been stuck in analysis paralysis for a while now.   Chris: Yeah, that's pretty normal. I was the analysis paralysis guy, I didn't want to move till I have all the details. But it's Yeah, talk it through, it's gonna be uncomfortable with family. But it's going to be way more comfortable than if he did it with a stranger. And that sounds weird. But you know, we've had many meetings where we're just like butting heads and disagreeing completely. But we totally agree that we're moving forward. You know, like, we either way it's happening, we're doing it, we're just agreeing and disagreeing maybe on how we're doing it.   But having the talk, communicating that weekly communication, really laying it all out, you know, what's the game plan? What's the exit plan, what's the role and function and just like you would make a LLC, or joint venture, do that with your family. I mean, there's nothing, no reason why it shouldn't have legal documentation, showing it because if nothing else, it's a business plan. And that's going to give you both confidence, or the family confidence that you're building a structure, you're not just, you know, spitting in your hand and doing a shake on it, you know, it's give the structure behind it. If you operate as a business, it will be a business, it will be a more successful venture than if you kind of just, you know, wing it, you want to wing it, but you also want to structure it, you know? So yeah.   Tom: What's it? Gosh, there's a term for it like organized chaos. So there's, I forgot the exact like, like on the edge. A couple more questions for you guys will have you I'd love to hear how your strategy has evolved over time. Like I said, all of you guys, are you guys doing pretty much to to plan or has it ever you guys pivoted at all? Since you guys started? And also kind of forward looking, you know, thoughts on how you see the strategy evolving in the future?   Ashton: Yeah, that's a good question. Because the strategy is always evolving. I think if you're not evolving, you're not growing, and you're probably dying, your business is probably dying at some level. I mean, the market is always changing, people's needs are always changing. Investors desires are always changing, like, we would not have been able to do what we do without building. So yeah, you want to like we wanted to get into syndications. It made sense, the economies of scale made sense. But to do that, we had to build out several different arms of our business, you know.   And to keep it brief not to ramble on it. But we you know, the website, that was a no brainer, you needed a website, that's your business card, that's your live business card that people can access at any time of the day, and they get a call to action. We wrote two ebooks explaining stuff that we're doing so that people could buy into that more so they could get educated more on what we're actually doing. We, Chris has poured like, countless hours into building the website, but then building a blog that he writes, he writes that every week, and then he plays into that using SEO. And if you're not familiar with SEO, please don't ask me to explain it cuz I don't understand how it works.   But I just know that people are they can find us on the internet easier because of his blog. And because he's manipulating the wording in the blog to help with SEO. So we had so like, yes, there's all these tiny little things that we had to do to build out so that we could support because at some level, right, if you're working with other investors, their capital is going to dry up. So you have to expand your network and how do you expand your network and then so we built out campaigns for social media, we built out campaigns for now we're starting a podcast we're gonna release here in a couple weeks.   You know, so following much the kind of like the strategy you guys are doing, but there's, there's multiple different steps to it to help expand and grow that. So yes, we pit it pivoted we, we started out small multifamily residential loans, and now we're into commercial loans and then large multifamily. But we're also part of our vision you want to talk about our vision is to have short term rentals everywhere we would like to vacation and that's not just for us, we want them to be the size to hold our whole team. We want our take our whole team on these twice a year, retreats around the country, and eventually the world. And then eventually we would like to build out a nonprofit side of this to support other veterans.   So like, yeah, there's the vision is always evolving, and then you're always pivoting. How can we you know, how can we structure this to meet the vision. So, yeah, we're getting into the Airbnb site. We're really excited about that. We're excited about our podcast launch this year, or this next month, or this month, actually August.   Tom: So you're always feel free to plug it feel, feel free to plug it, what's what's the name of the podcast.   Ashton: It's the Art of Winning. So it's not real estate related. And that's a whole nother strategy, because we don't want to work with other people that are real estate investors. Because we felt that, you know, if we can get involved with other people, like other people that are really out there trying to create passive income that don't know about real estate, I feel like that was a whole nother untapped market. So that's kind of where we're, we're focused here.   But yeah, so it's the Art of Winning, and we focus on health, wealth and happiness. There's that one, that'll be fun. I don't know. I've talked to some amazing people. And then what else are we doing, Chris? And I feel like we're doing so much. But yeah, this is not to write another book. I'm trying to work on another book.   Chris: So we're always pivoting. I think it's very chaotic for me, I like order and structure. But then you realize that if you do want to change and you set, that's why it's so awesome to set these goals 90 days, because you kind of say, well, we said it, I have no other choice. I have to work on it. I have to pivot otherwise this won't happen. The small multifamily we used to do we managed everything. And it was a lot of work. It was these weekly calls, we're still doing it. You know, we have two syndications that we managed solely us and we are multiple small multifamily deals. And, you know, we understood that that wasn't setting us in alignment with our vision. So we pivoted and that's why you set that vision first, you set those goals, you know if you're off track, because because you can just look at them. And you know, you need to pivot or you know, need to change.   Some people like Ashton said, they want to do everything. And I think it's more of an ego thing. They want to know everything. So they can just kind of tell everybody how smart they are. But I don't think when you're starting, it's very efficient for your business to do everything, and know everything. And it's really hard to know everything because he haven't done everything. So we found by by actually niching down and aligning more with what we were trying to achieve. We had much more success, and it was more in alignment with our audience and who we were trying to be. And that was much more gratifying than trying to be some kind of expert in every category every vertical along the way. So we pivoted in that manner.   Tom: Know what you don't know and know what you do and focus on that. Pierre, do you have any more questions? After this, I'm going to go into some quickfire questions at some some quick either or questions.   Pierre: Instead of just building your own portfolios of properties. Why is it that you chose to go together instead of just did you feel like you had more reach? If you guys join forces?   Ashton: I say this all the time. I like quotes, I'm big on quotes, quotes and books, I read a lot of books. So there's a quote, it's like, go fast alone or go far together. Right? So what are you trying to do? Right? I mean, we're Where are you trying to get to? I think Chris and I are skills to absolutely compliment each other. And we didn't realize that at first. But there's a great tool for that, if you're like the Traction will help you identify what roles need to be filled.   But then go use Tony Robbins, the disc profile, not just for yourself, but learn about whoever you're partnering with. I mean, it's a no brainer if you're doing it with a family member, because you guys can people love learning about themselves, but then share it with each other and be like, yeah, you want to analyze properties, it says here, your you are not detail oriented, I don't think you should analyze any properties. So it helps you identify their strengths. And then you can place them and place yourself where you need to go. And that's where we were at the beginning, like Chris and I were doing everything. like he'd analyze a property then I'd analyze a property. And then I talked to a mortgage broker and he talked to a lender and we're all doing we're double tapping everything, you know, we're doing the same stuff.   And once you realize like, what you're not good at, but that's a slow way of doing it. If you can do it through something like a disc profile, like through Traction, stuff like that, that's gonna help you identify and speed that process up.   Tom: Alright, so I got a couple of questions here. They're either or questions and, you know, not not not a long discussion, just kind of like one or the other no right or wrong question. So, you guys ready for some quickfire questions?   Ashton: Let's do it.   Tom: All right. Consolidation or diversification?   Chris: Diversification.   Tom: You guys can also have different answers if you want but if you want…   Ashton: I think consolidation.   Tom: Oh, I like it. I like it. This is a good one hearing about where your properties are at. High property taxes or high income taxes?   Ashton: Income taxes.   Chris: It depends on the law states now.   Tom: I know some of them probably have way higher rental or property versus, you know, our Alright, here's a good one high rent growth or low vacancy?   Ashton: Rent growth.   Chris: I like low vacancy.   Tom: Wow, I like this that. I can totally see how you guys complement each other and that you're thinking of like different angles. It's awesome. Cash Flow or appreciation?   Ashton & Chris in unison: Cash flow.   Tom: Debt or equity?     Chris: Equity.   Ashton: Debt.   Tom: Small multifamily or big multifamily.   Chris: Big multifamily.   Ashton: Big.     Tom: Local or remote investing remote?   Chris: Remote.   Ashton: Remote.   Tom: Good. You're on the remote real estate investor. Turnkey or massive project?   Chris: I think that depends.   Ashton: Depends Yeah, I know you don't want long. Depends what type of asset we're talking about.   Tom: Okay. Okay. Big multifamily. Let's say it's a big multifamily. You want massive project or turnkey?   Chris: Massive.   Ashton: I think value add massive project. Yeah.   Tom: Alright. last three questions unrelated to real estate, Midnight Oil or early bird worm?   Chris: Early bird worm.   Ashton: Early bird.   Tom: Text message or email?   Chris: Email.   Ashton: Text.   Tom: Loving to the dual duality of this. Very Okay, last question. Maybe the most important one. Olive oil or butter?   Chris: Olive oil.   Ashton: Olive oil.   Tom: All right. You guys made it are you guys made it through the quickfire questions? You know, I'm going to add one last question just since any book recommendations for the audience? Yeah. Or what's the most recent one that you read in like, Oh, yeah, this is good.   Ashton: I really like shoe dog. I thought it was inspirational. When you realize how long that guy was in debt. Before he hit it big. And how much he invested into his dream like you realize that I mean, that is the American dream. And it's awesome. I mean, I I was super inspired by what he did. And I never used to really like Nike.   Tom: Yeah, you know what it's also like, relevant. I'm familiar with that book is kind of similar to what a lot of the theme of this conversation is like, know what you're really good at. And you know, he brought in some other folks on the finance side like exactly just like you said, like he knew the brand and like, I know, I love it. Yeah. Great. Great. Great book rec. Awesome.   Yeah. Go sir.   Chris: I'll give you two. If you like shoe dog Greenlights by Matthew McConaughey is outstanding, same kind of book, but more of a kind of memoir of his life. If you want to do any kind of business, and most of them have marketing, Dot Com secrets is outstanding. So it's not about building website. It's really about building funnels by the owner of clickfunnels His name is Russell Brunson.   Tom: Love it, Chris and Ashton. How can people get ahold of you? They want to learn more about Calgary. What would you recommend?   Chris: Yeah, definitely. The easiest way just go to the website, Valkyrie group comm v a l k e r e group.com they'll put in the link I'm sure. But you can get ahold of us there. We got plenty of content there. Blogs, ebooks, you know, free content, investment opportunities. So feel free to visit the website, get a hold of us and we'll form connection.   Ashton: And keep a lookout for the our podcast. Art of winning. Should be fun.   Tom: Thank you so much to Ashton and Chris for joining us. Super excited to learn more about their podcast that's coming out the art of winning. And as always take a look at Roofstock Academy. If you are interested in learning more about real estate getting the next level coaching all kinds of good stuff go to www.roofstockacademy.com. And as always, happy investing

From single motherhood at age 16 to one of the most sought after real estate investors and coach/mentors, Edna Keep joins the podcast today to share her unique story! She transitioned from the financial services industry to real estate in 2007, to coaching thousands on how to enter and grow their real estate portfolio whether single family homes or large multifamily homes. You'll love her energy and perspective!ABOUT EDNA:Former Certified Financial Planner Edna discovered the power of real estate in 2007. Since then Edna and her husband Warren have amassed a $65M Real Estate Portfolio primarily multi-family and primary with OPM.Since 2014 she has been training and coaching real estate entrepreneurs who want to scale their real estate business into multi-family with Investor Capital.Along the way Edna has learned that Mindset is 90% or more of a person's success and specifically attributes her success to studying and always working at improving her mindset. Thus, she focuses a lot with her students on Mindset training.You can connect with Edna! Her email address is edallyn@sasktel.net and her website is https://ednakeep.comIf you haven't already, you should link up with me at www.champ10k.com! That is where you can find all of my links and many dedicated resources from skip tracing to real estate training to other podcast episodes!

Our guest today is Nicole Pendergrass, multifamily investor, and founder of Noirvest Holdings LLC. In this episode, we talk about investing purposefully in underserved communities, and how to truly rise by lifting others. Nicole is at the beginning of her investor journey, but she already has a clear “Why” and vision for her future, and she shares her story with us with all its ups and downs. Learn more about Nicole and her journey at reiclarity.com! “I really believe in the reasoning behind multifamily as far as having more than one tenant and being able to affect more than one life.”   04:11 Nicole started her investor journey with 1 to 4 unit apartments. She is now transitioning to the multifamily residential and commercial space and expanding her portfolio to 30-60 unit properties.    When Nicole decided to take the leap into multifamily, she read a lot of books, went to seminars, and talked to experts to educate herself. She started multifamily investing by direct seller marketing, direct mail. “You can deal with all the craziness of your day-to-day life and still have your money growing for you and affect the outlook of the future of your lineage.”   16:45 The first year was difficult for Nicole with her first multifamily deal. She was inexperienced and the seller was misleading and promised different things to the tenants. Eventually, she had to evict tenants which took around 6 months because New York is very tenant-friendly.   A few lessons that Nicole learned along the process: Trust but verify.  Always get a property inspection. Start building your team even if you don't have any deals yet.   Nicole is very passionate about improving communities. She doesn't want to just place new tenants to raise the rent.   She's also trying to help investors who are underserved or overlooked. These are people who might not have a high net worth or are not accredited. She's helping mainly people of color who didn't have investing opportunities until now.    Nicole is a big advocate of mindset and taking calculated risks. It's important to be educated, have a good operator, and deal, but you have to be willing to take risks. “People like to think that for them to win, someone else has to lose. That's scarcity mindset. That's thinking that there's not enough abundance to go around. But there really is.”   51:05 At the end of the episode, Nicole picks action steps from the REI Clarity Framework that is the most valuable to her. These are “Grow Your Community” and “Rise by Lifting Others”.   Nicole shares an example about rising by lifting others. She started a book club to motivate herself and others to read helpful books. This shows how she can help herself while helping others as well. Mentioned in the show: https://noirvestholdings.com/ Her LinkedIn Angela Duckworth - Grit Brian P. Moran and Michael Lennington - The 12 Week Year www.shineinsurance.com/reiclarity The REI Clarity Framework Learn how to grow your portfolio and reach incredible success the right way! Visit us here for everything you need to know: www.shineinsurance.com/reiclarity.    Special thanks to Nicole Pendergrass for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to REI Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the REI Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the REI Insurance Guy? More great stories & information at: Youtube – Blog – Podcast

The moratorium on evictions ended on Saturday July 31st. It cannot be legally extended. And on Wednesday Aug 4th, the President of the United States extended it anyway. We are going to talk about that today on Flipping America. I thought the eviction moratorium was a brazen and illegal power grab when Mr. Trump was President. I continue to believe the same under Mr. Biden. The CDC has overstepped its authority. This is now an established fact - all the way to the Supreme Court. Mr. Biden acknowledged this in his statement regarding the continuation of the ban, noting that the Supreme Court would almost certainly overturn this. But he hoped that in the meantime more aid could get to those who need it to pay their rent. I can't help but think about what the result would be if I held a press conference and said, “I know that what I'm about to do is illegal, but it's ok. I mean well. And when the judge tells me to stop I will.” Yeah. Well, we already know that our elected officials are usually held to a different standard - meaning no standard at all.   So here's what we are going to talk about today: Why is the ban on evictions unconstitutional and likely illegal? What are the implications of the President's lawlessness? Who are they really trying to help with the ban on evictions? Who is being hurt by the ban? Why has the government only 10% of the $46.5 billion in relief funds? How to contact us Follow Starr @realestateislifeatlanta on IG and Facebook www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (877-557-6437)   ext 1. Leave your message or your question.  Email your questions to questions@flippingamerica.net. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don't mind.  Sponsors American IRA: www.americanIRA.com Flipping America Funding : Get the money you need for your business, for your training, for infrastructure, and for your projects. Flipping America Funding is your one-stop shop for all of your business funding needs. FlippingAmericaFunding.com.   Legal Shield Announcements: The Buyers Club is open for new members for a limited time. I have a new video on our YouTube channel about the Buyers Club. As long as that video is up, we are accepting new members. When we reach capacity we will take it back down. Just go to YouTube and search Flipping America. You will see we are posting content that is both useful and a little bit fun. While you are there please subscribe and hit the notification bell so you will know whenever we upload new content.  News and Resources:  The eviction moratorium is over. https://www.realtor.com/news/trends/eviction-bans-expiration-leaves-renters-in-south-appearing-most-vulnerable/ Or in other words - you don't want to own rental properties in these ten states. https://www.cnbc.com/2021/08/02/some-states-will-continue-to-ban-evictions-.html The law says you can't. Our President says, “oh yeah?” https://www.wsj.com/articles/joe-biden-lawless-eviction-ban-centers-for-disease-control-and-prevention-moratorium-11628115210?mod=opinion_lead_pos1 They claim to care about the “little people” but no one cares about mom and pop producers. https://www.wsj.com/articles/the-eviction-ban-has-to-end-sometime-tenants-landlords-joe-biden-nancy-pelosi-11628029263?mod=opinion_major_pos1 And there was rejoicing in the land! (among tenants) https://www.cnn.com/2021/08/04/homes/renters-relieved-eviction-ban-extended-feseries/index.html If you're wondering whether you are protected by the ban… https://www.cnbc.com/2021/08/04/are-you-protected-under-the-new-eviction-ban-what-you-need-to-know-.html Groups representing landlords are suing to stop the ban. https://www.politico.com/news/2021/08/04/landlords-legal-challenge-biden-eviction-ban-502513 The Law, if you want to read it for yourself (large file - long load time). https://www.govinfo.gov/content/pkg/USCODE-2011-title42/html/USCODE-2011-title42.htm Shorter version - just the pertinent section: https://www.law.cornell.edu/uscode/text/42/chapter-6A Questions from Listeners: Starr's Questions from RILA: Talk  about  the "BRRRR" method : Buy,rehab,rent,refinance, and repeat method...should beginners use this  strategy?  I have had contractors run off and not finish the job but was paid for it...Roger, what are some tactics you use with contractors? A lot of investors are moving into the airbnb market...Is this something you would consider or recommend? What are the benefits of building a relationship with lenders?   I'm not having any luck with door to door...Do you recommend cold-calling for finding properties? Mindset Moment:  Motivational Quote: “You won't grow wealthy by demanding more pay. If you want to grow wealthy, make yourself more valuable."

Ernesto is based in Walnut Creek, Ca and although he is a native of the Bay Area, he has been investing primarily in the Indianapolis market for almost 3 years. Starting with a Buy and Hold in the MontereyPeninsula of California, Ernesto has now done a mix of BRRRR's and mostly fix and flips from afar. Ernesto has helped build a thriving community of investors in Indianapolis and in particular, gets great joy from helping anyone young and hold take their first steps towards real estate investing and spends the majority of his time coaching people in that niche. In this episode we talk about: Wholesaler Private Lender HELOC Flip/Flipping Comparable Property Manager Subscribe to my Youtube Channel for more great content. Download my Free Deal Calculator Spreadsheet! Links from the show: Instagram: @bayareahomesbyNest Talie Investments Facebook Page Talie Investments Instagram Join our Facebook Group Real Estate Deal Closers Talie Investments Resources Get our FREE Deal Calculator and CRE Glossary   Please leave us a 5-Star rating and a review in iTunes. Each review helps us reach more people.

Our guest today is Anthony Vicino, best-selling author, multifamily investor, and serial entrepreneur. In this episode, we dive deep into what it means to succeed as an entrepreneur. We talk about mindset, how to be creative, and how to reach the hyperfocused flow state. We also discuss marketing on social media and how to create content that truly connects with your audience and grows your business. Learn more about Anthony and his journey at reiclarity.com! “Find those opportunities for growth and for challenge because that's when you're the most engaged with life.”   03:15 Anthony was a rock climber for about a decade. Through that, he learned a lot about seeking out challenges and taking risks to get better. Rock climbing is all about problem-solving and constantly improving - skills he could use in his businesses.   Anthony talks about the right mindset for succeeding as an entrepreneur. He encourages us to focus on the road and not on the destination and celebrate small successes every day. Mindset is like a muscle that needs to be developed constantly.   Ways to strengthen our mindset: Start meditating. Don't force yourself at first, take 1 step at a time, and start with 1-5 minute meditations. Change the way you talk to yourself and the way you react to things. Practice gratitude.  Start working on your mindset in the time when you're calm and non-reactive. Have a visual reminder. “The studies bear this out again, and again, and again - there's about a 500% increase in productivity when we're in the flow state.”   18:41 Anthony is very passionate about achieving a hyperfocused or flow state. He's helping people figure out how to build systems around themselves so that they can focus with intentionality on the things that really move the lever.   According to Anthony, we need curiosity, passion, and motivation to reach this hyperfocused state.    How to get into the flow state? Do environment design. Find a calm, quiet place, where you won't be interrupted. You have to be in a good mood for the flow state to happen. Get outside. Go into a novel environment that is information-rich. Routine builds familiarity. Within that routine, you have the maximum potential to be creative and focused.    It takes 20-30 minutes to get in the flow state, and you can stay in it for up to 60-90 minutes. “For an author or anybody, the hardest thing to look at is the blank page. You gotta have something already there to get started.”   31:10 Anthony is very active on social media, specifically on LinkedIn. LinkedIn is a good place to build business connections because people are already in the right mindset. Youtube is also a good platform because people go there to search for information.   Anthony's advice when creating content is to think about what's in it for the people. Don't just talk about yourself, focus on helping others.    Anthony's advice is to have a few topics that you can always go back to and can craft your social media posts around. “Tactics are knowing what to do when there is something to do. Strategy is knowing what to do when there is nothing to do.”   51:06 At the end of the episode, Anthony picks action steps from the REI Clarity Framework that is the most valuable to him. These are “Grow Your Community” and “Know Your Strategy”.   For Anthony, strategy is the big macro framework for everything that you're doing in your business. And all the opportunities and tactics are the direct result of all the strategies that you enact. The strategy creates the framework for all the opportunities. Mentioned in the show: https://invictusmultifamily.com/ Multifamily Investing Made Simple Podcast His LinkedIn www.shineinsurance.com/reiclarity The REI Clarity Framework Learn how to grow your portfolio and reach incredible success the right way! Visit us here for everything you need to know: www.shineinsurance.com/reiclarity.    Special thanks to Anthony Vicino for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to REI Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the REI Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the REI Insurance Guy? More great stories & information at: Youtube – Blog – Podcast  

For today's episode, we will be discussing a concept that is quite popular in the real estate investing community, the BRRRR method. Buy, rehab, rent, refinance and repeat. We will be going over how to BRRRR an apartment building!We have a book coming out next month called Passive Investing Made Simple: How to Create Wealth and Passive Income through Apartment Syndications. Email for a FREE copy. The book is coming out on August 11th.[00:01 – 10:59] Opening Segment Bad investing tipsIntroduction to most investors starting out[11:00 – 22:21  Let Us Talk About Buying, Rehabbing, Refinancing, and Repeating This business model can be done on anything, especially an apartmentCommercial property = over 5 unitsBreak-even occupancy factors[22:22 – 28:33] Closing SegmentBook recommendationSnowballSuperMoneyLeonardo da Vinci“I think that some people try to take kind of a binary approach thing where they're either passive or active. It's like you could do both have a little bit of both, do whatever, do whatever you enjoy the most, and whatever brings you the most joy.” – Dan Kreuger“if you only ever actively invest in yourself and you don't set the systems to start passively investing, then you're always going to be an active investor.” – Anthony Vicino"Yeah, but understand that passive investing isn't the fastest route to financial freedom, nirvana, or whatever, like active investing." – Anthony Vicino"the last step says very clearly repeat, which means you go and you do the same thing again" – Dan KreugerLEAVE A REVIEW if you liked this episode!!Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.To learn more, visit us at https://invictusmultifamily.com/**Want to learn more about investing with us?**We'd love to learn more about you and your investment goals. Please fill out this form and let's schedule a call: https://invictusmultifamily.com/contact/**Let's Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/YouTube: https://bit.ly/2Lc0ctX

Host: Brandon Elliott @BrandonElliottInvestments | Guest Today: Jhanel Wilson While being a full time chemical engineer, Jhanel cut her teeth in real estate by purchasing a distressed property from a family member by paying the back taxes before it went to Sheriff Sale. Shortly after, the city threatened to demolish the property due to code violations. Jhanel pulled all of her resources and used student loans and credit cards to bring the property up to code, remedy additional taxes and bills, and accomplish an ARV of $70k after putting in roughly $45k. Jhanel successfully completed the project and started cashflowing, immediately seeing the power of real estate. Today, Jhanel is the Founder and CEO of The Savvy REI with an eight-figure portfolio and on a mission to share her 17+ years of hard lessons & personal strategies to help people understand, master and succeed with real estate investing. She is very active with teaching on her Instagram and has released an e-book titled Invest in Real Estate with No Money Down, Using  High Limit Credit Cards.  ----------------------------

#65 In this episode I interviewed Reggie Webb with The Property Webb.  Reggie has been in real estate for a few years and has been very successful doing rehabs while working a 9-5 job.  Since then he has developed several other strategies in developing his real estate business.  One strategy is the BRRRR method Buy, Rehab, Rent, Refinance, Repeat.  Reggie also will be launching a mentoring program to help other new real investors on how to work this method.  He does real estate in Texas and Louisiana. ListenYou can reach Reggie at: www.thepropertywebb.com, https://www.instagram.com/thepropertywebb, https://www.youtube.com/thepropertywebbhttps://www.facebook.com/ThePropertyWebb/thepropertywebb@gmail.com

Elizabeth Guthridge Elizabeth Guthridge firmly believes that we all need to be physically, mentally, and financially well. It's no secret that people from all walks of life are suffering in silence when it comes to their financial situations. Her organization empowers people by teaching financial literacy with our flagship service being credit restoration. Elizabeth is a seasoned and accomplished Human Resources professional with a strong background in leading and managing HR initiatives. Her proven senior-level experience in decision-making, policy direction, business planning, and employee relations paved the way for my current career. She's excited to bring my talents, expertise, and concern for her community to promote Financial Wellness. Her work with individuals one-on-one as well as partnering with employers to share her expertise with their employees has been fulfilling. Joel Krant Joel Krant has been in the real estate industry since 1996. His company is composed of a group of creative professionals dedicated to serving clients 7 days a week. He did his first BRRRR type loan in the late 1990s the need to help investors make the transition from entry to clean exit is running rampant everywhere and growing. The opportunity to use their actual experience to help the investor marketplace accomplish their goals was a natural opportunity for both sides. Joel started as a sales representative at Eastman Kodak and move to become a trader on Wall Street for 22 years.

Endeavor agency arc goes BRRRR! We are loving real word stuff!

Savannah "The Networth Nurse" is a full-time Registered Nurse in Los Angeles, California. She uses her skills as a leader in healthcare operations to manage multifamily syndications. She also helps busy medical professionals create passive income through real estate investing. Savannah uses mindset tools and goal setting to elevate herself within the healthcare system, as well as create a real estate business.   In this episode we talk about: Multifamily Syndication Brokers Due Diligence Seller concessions Property Management   Subscribe to my Youtube Channel for more great content. Download my Free Deal Calculator Spreadsheet! Links from the show: The Networth Nurse Talie Investments Facebook Page Talie Investments Instagram Join our Facebook Group Real Estate Deal Closers Talie Investments Resources Get our FREE Deal Calculator and CRE Glossary Please leave us a 5-Star rating and a review in iTunes. Each review helps us reach more people.

Brrrr. It's getting cold in here! And dark. And...scary. And that's probably because we're ready to discuss one of the songs that many Kanye fans seem to hate: See You In My Nightmares. Well, Chris and Travis hope that will change after today. In this lyrical breakdown, we show how the nightmarish landscape of the production, how Lil Wayne's sinister verse, how the evolving narrative of 808s & Heartbreak all make See You In My Nightmares one of the most realized songs of Kanye's career. If you'd like to support the show (and hear this episode ad-free), then join our Patreon community. You can also watch this podcast in video form over on our YouTube channel. Learn more about your ad choices. Visit megaphone.fm/adchoices

Our guest today is Bryan Ellis, the CEO of SelfDirected.org, writer, and capital raising expert. In this episode, we focus on the process of explaining a deal or opportunity to someone else. We talk about marketing, how to communicate the quality of your business better, and how to motivate people with your presentations. If you ever needed to raise funds from other people or hosted a webinar about your investment deal, then this episode is going to level you up. Learn more about Bryan and his journey at reiclarity.com! “If I wanted the conversation to end there, I'd say I'm a writer. But if I did want to talk to you, I'd say I'm the Great and Powerful Oz.”   04:33 Bryan is a real estate investor and coach. He helps people who are raising capital to do it much better by using psychology and well-established principles of persuasion.   Bryan is an expert in self-directed IRAs. His advice, when considering using this particular vehicle, is to always go to a CPA or an attorney who knows about self-directed IRAs. There are many challenges in terms of tax advantages and legal compliance.   Bryan shares his best pieces of advice on how to attract investors when raising money for a deal. Start a podcast or a Youtube channel with a clear CTA in every episode and publish content consistently. This is the top of the funnel. Build a following of people who know you, like you, and trust you. Capital raising webinars are only the last step in your funnel. “You've always got to ask yourself - the person listening to me, what do they care about? “   17:55 Most capital raising events have been done by webinar since the start of the COVID era. Bryan explains that many of these webinars are done incorrectly. People share inconsistent or irrelevant information.   The role of the webinar is to make sure that people who are not qualified won't waste your time. And also that the people who are qualified are interested based on real information.    Bryan shares how to raise capital correctly as a new capital raiser. Share less data on the webinar. All the spreadsheets should only be in the PPM. Write out every single word that you want to say in the presentation. Be prepared. Make sure you have a good deal. It's even more important now than 1-2 years ago. “If you do your first 2 well, raising money is never a problem ever again.”   33:22 The correct order of a successful capital raising presentation is: Start with a hook. This could be 3 quick facts about the deal that you share without giving too much detail to get the listeners interested.  Do a legal disclaimer at the front. Our minds are wired to understand stories. Start with the story about how the deal came together and why you chose this one over all the others that you underwrote. Bring the people into the story and talk about investor relations. Talk about the structure of the deal. Close the presentation with a controlled Q&A that is not live. Share the CTA once again. Mentioned in the show: www.selfdirected.org Self Directed Investor Talk Podcast His LinkedIn www.shineinsurance.com/reiclarity The REI Clarity Framework Learn how to grow your portfolio and reach incredible success the right way! Visit us here for everything you need to know: www.shineinsurance.com/reiclarity.    Special thanks to Bryan Ellis for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to REI Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the REI Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the REI Insurance Guy? More great stories & information at: Youtube – Blog – Podcast

Young Park discusses his strategy for using the BRRRR method for long-distance real estate investing. Mentioned on the Show YFP Real Estate Concierge Service YFP 182: How This New Practitioner is Leveraging a Team to Invest in Long-Distance Real Estate Bigger Pockets Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple by David Greene Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties by David Greene Bigger Pockets Podcast Connect with Young Park on Instagram: @young_j_park Join the YFP Real Estate Investing Facebook Group YFP Real Estate Investing

In this episode, you will learn: • Nick's brief bio • What the nine-figure exit is like • Real estate investing as the simplest trade • Nick's current annual horizontal income • What Nick does to stay healthy • About Nick's authentic relationships • Nick's life happiness index score • What Nick does to give back to the community • About Nick's GoPod • The next big adventure for Nick • Nick answers a random question from the GoBundance card game • Where to follow Nick • Plus, so much more! Nick grew up in Rochester, Minnesota and obtained a bachelor's degree in computer science and Ministry. He ended up going to school in Oklahoma, staying there for 10 years, and going to work at Mayo Clinic building a new software startup from within the organization after being removed from the startup he worked at in Oklahoma. Nick slowly started taking his money and started buying single family homes doing the BRRRR strategy. He realized how much easier it was than tech and applied everything he knew from running software projects. Nick's biggest focus is his family: His wife and three kids (5, 3 and a new baby).

He joined Allsure in 2016 as an Account Executive &Wrap‐Up Admin. after 2 years I made the change to Broker to share what I've learned with my clients in a clear, concise, and unjargony (yes that is a word!) way. Prior to AllSure I was the Director of Development at Rutgers Jewish Experience where I helped the organization with general fundraising, event coordination and providing an original twist to marketing materials. When I'm not keeping busy with insurance, you can find me hiking, working on a home improvement project and reading (not all at the same time!) About Allsure ‐ AllSure is a boutique insurance firm focused on commercial insurance, offering a full spectrum of commercial insurance products. Our particular focus is catering to the needs of real estate owners and developers. Additionally, we offer consulting services providing insurance audits/reviews for commercial enterprises. Our current portfolio runs the gamut of properties, including premier Class A high‐rise buildings and large multifamily complexes. In this episode we talk about: Insurance Property Insurance Liability Insurance Property Value Replacement Cost Actual Cash Value Functional Building value Appraisal Insurance Exclusion Loss Run Deductible and Co-Insurance   Subscribe to my Youtube Channel for more great content. Download my Free Deal Calculator Spreadsheet!   Links from the show: AllSure Insurance Brokage Talie Investments Facebook Page Talie Investments Instagram Join our Facebook Group Real Estate Deal Closers Talie Investments Resources Get our FREE Deal Calculator and CRE Glossary   Please leave us a 5-Star rating and a review in iTunes. Each review helps us reach more people.

In today's show, I sit down with Blake Dailey where we will go over the in's and out's of BRRRRs and how it helped both Blake and I increase our Cash Flow and Equity! With detailed explanations and examples included, you can grow your Cash Flow too! Join us on this fun podcast and become Airbnb smarter! If you got value out of today's episode, please head over to Itunes and give it an honest rating & review! And if you're watching this on Youtube, don't forget to hit that subscribe button so you don't miss future episodes! ↓ Connect with our host, Bailey Kramer! ↓ ------------------------------------------------------------------- Instagram: https://www.instagram.com/the_bailey_kramerYoutube: https://www.youtube.com/channel/UC743mBwYcmpRdxMi8juvJ4gFacebook: https://www.facebook.com/bailey.kramer.986/ ↓ Check Blake Dailey out too! ↓ --------------------------------------------------- Youtube: https://www.youtube.com/channel/UCGazDRj7y_ehn76HE3RWfggWebsite: http://multifamilyjourney.comInstagram: https://www.instagram.com/blakejdailey/Linkedin: https://www.linkedin.com/in/blake-dailey-183ab8165/ About Our Guest: ---------------------------- • Current full-time career - U.S. Air Force Contracting Officer • I bought my first property in 2019 – started house hacking with Airbnb • From there started wholesaling and rehabbing properties with partners and went on to do several BRRRRs and BRRRR'nbs (rent as short term rental) to have my cash flow surpass my W2 income in the first year • I have syndicated a 66-unit value-add deal in Greensboro, NC as a general partner and am working on an 8-unit BRRRR'nb • I'm at 89 units in the last year and a half • I currently live in Panama City, FL

Our guest today is Lisa Hylton a syndicator, real estate investor, and podcaster. In this episode, we dig deep into real estate funds. We discuss how these funds work, what are the pros and cons of investing in them, and when you should start a fund yourself. Learn everything about real estate funds and tune into this episode! Learn more about Lisa and her journey at reiclarity.com! “What's key with the blind fund is that you need to be comfortable with the investment strategy and trust in the operator.”   03:51 Lisa started her career as a controller for private equity real estate funds. Recently, she started her own company as a real estate funds syndicator.    A fund is an entity, typically an LLC that has been created to invest in one or more real estate assets. The GP team manages the money.   Lisa explains that there are 2 types of real estate funds: Real estate syndication. Here, the investors invest in 1 or sometimes multiple assets that are known.  Blind fund. This type of fund enables investors to invest, but none of the investments are known. Investors are investing in the investment strategy and plan, and it usually covers multiple asset classes that are typically value add or opportunistic investments. “Investing in funds really works well for people who don't have a lot of time but have money and want to invest in real estate in a very diverse way.”   11:48 Lisa shares the multiple benefits of real estate funds for passive investors:  If the investors really like and trust the sponsor then they can get exposure to a variety of deals constantly. The investors don't have to review new deals every time. The sponsors are acquiring deals and sending them a report every quarter. Funds work well for people who have money and want to diversify but don't have much time.   According to Lisa, the only downside of investing in funds is the lack of control.   There are 2 different ways of paying out: Evergreen funds. These funds have no end. Every time the operators sell an asset they give the investors the option to reinvest. Funds with a set life. These funds end in 5-7-10 years. The operators have 1-2 years to raise and 3-4 years to deploy the money. However, even though there is a set sell date, this can change based on the market.   If you're an operator who's thinking about starting a fund, Lisa recommends making sure that you have a substantial deal flow. Also, if you're focused on raising capital as part of a GP team, starting a fund can be beneficial because you can have your own entity. “Being in the right place starts with you getting to know who you are.”   34:32 At the end of the episode, Lisa gives advice for people who want to take the leap from their W2 job into entrepreneurship. Be clear on the bigger vision and be flexible on how you get there. Work on your mindset. Structure your days, weeks, and quarters, and focus on your goals. Be around the right people. Hire coaches and be in the right masterminds. Mentioned in the show: https://lisahylton.com/ https://lisahylton.com/funds Her LinkedIn The Level Up REI Podcast Gay Hendricks - The Big Leap Brian P. Moran and Michael Lennington - The 12 Week Year www.shineinsurance.com/reiclarity The REI Clarity Framework Learn how to grow your portfolio and reach incredible success the right way! Visit us here for everything you need to know: www.shineinsurance.com/reiclarity.    Special thanks to Lisa Hylton for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to REI Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the REI Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the REI Insurance Guy? More great stories & information at: Youtube – Blog – Podcast

Savannah is a full-time Registered Nurse in Los Angeles, California. She helps manage multiple departments at a busy, magnet-recognized hospital. She is also a Real Estate Investor, primarily value-add multifamily syndications. . Working as a Registered Nurse has taught Savannah how to thrive in a fast-paced, interdisciplinary team of medical professionals. Savannah applies the same amount of meticulous attention to detail, problem-solving skills and constant communication from her career to the real estate world as a multifamily real estate syndicator. Savannah also leverages her network of health professionals to invest and has gone as far starting a niched meetup group called ‘The Networth Nurse' for healthcare professionals looking to invest in real estate with her. Saving lives and building communities, how much more can you ask for? We're humbled to have her stepped into the lab. If you're a healthcare professional looking to invest with someone who not only speaks the language at work but also brings as much care towards her deals as she does for her patients, then you'll want to tune into this one immediately and plug into Savannah's network to nurse and grow your networth. HIGHLIGHTS OF THE EPISODE 3:51 Motivations, Hearing Stories and Learning different Strategies 5:10 Organization is the key 6:13 Insights and Resources 8:50 Investing out of state 12:45 Pulling out a second mortgage or Loan concept 13:15 No risk investing out of state 15:00 BRRRR method 19:25 Multifamily Investment Deals KEEPING IT REAL 22:10 Consult with Experts 28:00 Prioritizing your time 29:55 Willow Investment 32:36 Anyone can start Real Estate Investment 33:10 Strategy with figuring things out 35:58 Paradigm shifts that needs to take and context 38:50 The Networth Nurse 41:25 Importance of Podcasting 43:30 Connecting with people NOTABLE QUOTES (KEY LESSONS): “Don't knock it until you try it” “Team starts underneath the roof of your home” CONNECTING WITH THE GUEST Website: thenetworthnurse.com Instagram : https://www.instagram.com/ thenetworthnurse / LinkedIn : linkedin.com/in/savannah-arroyo-063ab3106

Today, we're talking about all of the ways DFY differs from traditional Turnkey Providers and the ever-so-popular Buy, Rehab, Rent, Refinance, Repeat model. “One of the ways DFY differs from other companies is that we're long-term thinkers.” - Kevin ClaysonThe idea for today's episode actually came from a conversation Kevin had with one of our listeners. Kevin asked him, what he wanted to hear us talk about? His answer: he wanted to know what makes the DFY model different from Turnkey and BRRRR.For those not familiar with these models, here's a short explanation:Turnkey Model: A Turnkey provider will purchase a property, rehab it with their own money, rent it out, and then sell it to someone else.BRRRR Model: BRRRR stands for Buy, Rehab, Rent, Refinance, Repeat. An investor buys a property, renovates it to add value, rents it out, and repeats the process.Now, these two models are extremely popular. Many people use them. However, DFY is something completely different. What makes us so different?That's not so easy to articulate. We have a pretty distinctive formula. For us, the way to invest in real estate depends on the type of clients we have. Our methods are so unique, because our clients are so different from the typical investor. . Listen as we discuss why this forced us to create a unique investment model. Key Takeaways:Celebrating the anniversary of Replace Your Income podcast (01:07)How the idea for today's topic came about (03:16)What makes DFY different from other real estate investment companies (06:24)How long-term thinking affects our investment method (10:20)Planting, cultivation, and harvesting your real estate investments (16:01)Handpicking properties and working with individual clients (26:02)Using relationships we built over the years to help our clients (31:55)Why it's so hard to come up with an elevator pitch for DFY (35:38)How DFY works with individual clients and final thoughts (38:25)Additional Resources:To get in touch with Gary Norris: CLICK HERELearn more about Done For You Real Estate: VISIT HEREGet a FREE Income Replacement Estimate (IRE): APPLY HERERegister for our FREE Monthly Webinar Series: SIGN UP HERE--FOLLOW for more Replace Your Income:https://bit.ly/ReplaceYourIncomePodcastIf you enjoyed this episode, please rate and review our podcast. Thank you for your support!--And remember...Income replacement for you and your family may only be one property away!

Today's guest believes that credit is one of the most undervalued opportunities in real estate and, in this episode, he hopes to educate listeners on how to start thinking like the bank! Brandon Elliott is a real estate investor, podcast host, author, international speaker, and credit specialist. He utilizes the BRRRR strategy and has done numerous fix and flips locally in San Diego California, as well as out of state virtually. He also has a passion for coaching others to help them achieve generational wealth, which is the key reason why he created his podcast, Ready. Set. Go. Real Estate Investing. Tune in for an insightful episode full of practical advice for taking your real estate investing business to the next level using credit!Key Points From This Episode:Brandon shares a little bit more about himself and his expertise in BRRRR and credit.What door knocking for a vacuum cleaner company taught Brandon about resilience.Hear about his most recent multifamily project, a fourplex in San Diego.The key to a 100 percent cash out refinance starts with getting a good deal.Find out what the BRRRR strategy is and why Brandon fell in love with it.Why Brandon is choosing to stick with one to four-unit short-term rentals in San Diego.Building wealth through credit; how to start thinking like the bank.Credit as a four-step process: educate, fix your credit, build credit, and leverage it.Using credit as a backup plan when financing a deal.How else you can use credit, outside of purchasing real estate, like travel hacking.The most common mistakes Brandon sees people make with credit.One real estate investing tool Brandon can't do without: credit!The importance of making sure that you always have your legal paperwork in order.How marketing will help Brandon grow his business to the next level.Tweetables:“How I leveraged myself and have been able to scale into real estate has been through credit and building personal and business lines of credit.” — Brandon Elliott [0:03:09]“Buy, renovate, rent, refinance, repeat. At the end of the day, it's coined the BRRRR strategy but it has always been the value add.” — Brandon Elliott [0:07:18]“Start thinking like the bank. Understand how the banks are thinking and treat [credit] like real-life Monopoly.” — Brandon Elliott [0:10:51]Links Mentioned in Today's Episode:Brandon Elliott on LinkedInBrandon Elliott on InstagramBrandon Elliott on FacebookBrandon Elliott on YouTubeReady. Set. Go. Real Estate Investing PodcastCredit Counsel Eliteinfo@limitless-estates.comLimitless EstatesCredit Repair MobileThree Feet From GoldGarzella Group 

In E129, Mike Ferreira discusses his most recent duplex conversion which he's achieving $800/month cash flow on. Mike demonstrated that it's okay to 'think different' about the duplex BRRRR approach and the need to get all your capital back out. So many are attempting to achieve the 'perfect BRRRR' but with those becoming more rare, many investors are likely going to have to adjust to the concept of leaving money in the deal. Mike has done just that and has shown that it is possible to get investor partners on board. Listen on Apple Podcast, Spotify, Google, Stitcher and more @ https://linktr.ee/theandrewhines Connect with Mike Ferreira Instagram: https://www.instagram.com/mikeferreira82/ Youtube: https://www.youtube.com/channel/UCQfCWpaYZSz089NB2LQJzrQ Connect with Andrew Hines on instagram: https://www.instagram.com/theandrewhines facebook: https://www.facebook.com/theandrewhines Andrew Hines Audio · E129 $800/month Cash Flow On Hamilton Duplexes And Market Strategy With Mike Ferreira Music Info, Artist: JPB, Song: High, NCS Release: Feb 1 2015, No Copyright Copyright Free

Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus in business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers and coaches. In this episode, Todd talks with Ramsey Blankenship about how he invests in both hotels and multifamily syndications all while being in the Navy. Ramsey and his beautiful wife Hope bought a home in Panama City as a “House Hack”. The property has a 3 br. 2 ba. main home with two 1/1 Cottages on the backside. Ramsey renovated both units and the rent from the cottages covered the mortgage and utilities for the entire property. Ramsey has since become a part time Multi-Family investor while active duty in the Navy. Ramsey owns 12 rental units in Panama City and nine in Shreveport La. He has successfully performed a BRRRR with a seven-unit apartment complex in which he now maximizes income potential with short term rentals. Ramsey also owns a small hotel and is a general partner on a 112-unit multifamily property. 3 Pillars 1. Receiving retirement money from the Navy 2. Investing in real estate 3. Owning a business Book: The ONE Thing by Gary Keller and Jay Papasan You can connect with Ramsey at www.realfocus.org or ramsey@realfocus.org Interested in coaching? Schedule a call with Todd at www.coachwithdex.com Connect with Pillars Of Wealth Creation on Facebook: www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: www.youtube.com/c/PillarsOfWealthCreation

This week's question comes from Ben, who actually direct messaged Ashley and asked her a pretty personal question. Ben is asking: As someone with student debt, should I start investing in rentals or wait until I've paid off my student loans?It goes without saying that this is a very personal question, especially since it has to do with personal (not business related) debt. Everyone is different in their willingness to take on debt. While some people don't mind having lots of low interest debt, others want to get rid of it as fast as possible. Both Tony and Ashley have had student loans while building a rental portfolio, so they've had to ask themselves this question as well.Here are some suggestions:Make sure you pay off all high-interest debt first before you start investingUse methods like partnerships, BRRRR investing, and other low/no money down optionsAsk yourself whether or not the future cash flow can help you pay off your debtsNever put yourself in a position where you'll feel anxious while investingAnd more in the episode…If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).Links from the ShowReal Estate Rookie Youtube ChannelCheck the full show notes here: https://www.biggerpockets.com/rookie94See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this hot housing market, it seems like almost everyone is telling you to make offers on anything that could be a potential deal. But Erik Wright, founder of New Horizon Home Buyers, poses a different strategy. Erik has been getting more and more off market deals in Chattanooga, Tennessee without offering a single dollar to potential sellers. He has a specific way of negotiating that allows him to get tens of thousands of dollars off of properties, making the deals even sweeter for him.Erik didn't always have the gift of negotiation. He started his real estate journey at 23 years old, buying an accidental house hack property, then buying a HUD foreclosure, a couple of duplexes, and some more single-family homes. Over the past decade, he has amassed a 7 unit portfolio and is currently transitioning into having New Horizon Home Buyers become his full-time job.Through the use of search engine optimization (SEO), Erik's company has become the top-ranking result when searchers type in “Chattanooga cash home buyer”. This proves that even in a business like flipping, BRRRR-ing, or wholesaling, you can still find new ways to optimize and upgrade your lead generation efforts, even if you have ZERO experience in something like SEO!In This Episode We CoverWhy house hacking is a rookie investor's best friendBuying a HUD foreclosure and how it differs from regular home salesFinancing a growing real estate portfolio without a W2Using referrals of other investors to find the best contractors aroundHow to rank #1 on google so you can get more off market dealsGetting below-market prices without ever making an offer on a houseAnd So Much More!Links from the ShowReal Estate Rookie Youtube ChannelAshley's InstagramTony's InstagramREI ReplyReal Estate Rookie Facebook GroupMLSBaseCampBiggerPockets Podcast 470: The 7 Tips @investorgirlbritt Used to Go from Amateur to Pro InvestorBiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan SullivanInvestorGirlBritt's InstagramCheck the full show notes here: https://www.biggerpockets.com/rookie93See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Everybody is busy. We have jobs, kids, businesses, and responsibilities to take care of. Why go out of your way and risk your money and time to invest in real estate? Mike Webb, firefighter, investor, flipper, and wholesaler argues the opposite. Mike says that it's far riskier to simply rely on your job for the entirety of your income.Mike began his investing career by investing in a side-by-side duplex, rehabbing it, and failing to complete a successful BRRRR. After seeing the cash flow and learning from his mistakes, Mike saw an investment strategy that could carry him to financial freedom. He is still working as a full-time firefighter, but is building his portfolio and completing 20-30 flips per year while he does so. This gives Mike the ultimate freedom to do whatever is best for him and his family, even though he loves his job.In a world where it seems cool for everyone to quit their job, Mike reassures those who like their work that it's worth staying, especially to keep that investment money flowing. He also walks through his partnerships, how he hires his team members, and what you can do to systematize your business so you can outsource your work as you take on more strategic roles! In This Episode We Cover:Why you don't have to choose between a career and investing in real estateLearning from your first deal and using your newfound knowledge to expandWhy the 1% rule and 2% rule shouldn't be the ONLY metric you consider during deal analysisUsing the BiggerPockets Forums to meet partners, mentors, and other real estate professionalsThe “OODA Loop” and why it's a great tool for organizationsStarting a meetup and being in the know with local investorsWhy working AND investing decreases your overall financial riskAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets Podcast 469: Why Do Investors Lie to Themselves? +More Audience Q&A (Pt. 2) (Mike's question)BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David GreeneOpen Door CapitalVoxerSlackLoomWizeHireGoogle DocsBiggerPockets EventsBiggerPockets Facebook GroupBiggerPockets StoreBrandon's InstagramDavid's InstagramCheck the full show notes here: https://biggerpockets.com/show482Privacy Policy and California Privacy Notice.