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Dave Dubeau
Profitable Ideas, Tips, Strategies in 20 Minutes | https://moneypartnerformula.com/
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Using REI as a Springboard with Doug Meyers
If you’re into real estate but you’ve found yourself wanting to do business as well, this episode is perfect for you!
It can be shaky at first, considering the shift, but leveraging your real estate portfolio can help you dive into other careers and pursue your dreams.
But the question is how can you use real estate to create the life you want to live?
Join us as Doug Meyers answers that as he shares his own story in today’s podcast.
Doug Meyers is a former mining engineer who used real estate investing to provide the income to leave his previous full-time employment. This gave him the opportunity to pursue other passions and business interests with his full attention. He has a portfolio of condos, duplexes, and triplexes across Western Canada, and is a partner in an active flipping business in Saskatchewan.
An award-winning investor and Keyspire Success Story, Doug is the host of RevNYou’s very own RevNYou with Real Estate Podcast where he interviews real estate investors in all walks of life. He is also the host of The Grow Give Expand Podcast, where he speaks with entrepreneurs and business owners, uncovering the personal practices and systems that help them live successful, meaningful lives.
In this episode, Doug talks about his journey from doing real estate to learning sales and then starting a business. Here, he explains how he uses real estate as a springboard to live the life he wants to achieve as he stresses the importance of learning sales in business.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
Why it’s important that you learn sales in business and not skip the entire learning process;
Find out where you should go looking for people to help you as you get into a shift; and
How can you use real estate as a springboard to live the life you want, exploring and acing other careers?
Resources/Links:
Grant Cordone Canada: https://grantcardone.ca/
Rev N You with Real Estate: https://www.revnyou.com/podcasts/
Website: https://www.revnyou.com/
Topics Covered:
00:49 – A brief overview of Doug’s real estate journey to date
02:15 – He liked real estate, but he also wanted to become a business owner
02:59 – What made him realize that sales is his weakness
04:44 – Creating a 10-year plan for himself
08:00 – Powerful takeaway – work your powerbase
10:01 – What Doug’s 10-year plan look like, and why you shouldn’t skip the entire learning curve
13:38 – Using real estate to create the life you want to live
15:45 – Connect with Doug Meyers
Key Takeaways:
“I realized that to get to my next level – and not only in real estate, but in life and in business – I actually needed to get around a team of A-players again and I also needed to learn some new skills.” – Doug Meyers
“I don’t necessarily want to continue to grow a portfolio by having lots of joint venture partners. I think that’s a great strategy, but I don’t think it’s the only way to do it.” – Doug Meyers
“If you can’t sell, you can’t be in business.” – Doug Meyers
“When we talk about partnering out with people and getting money, the first thing you do is look at the people who are most connected to you.” – Doug Meyers
Connect with Doug Meyers:
Email: [email protected]
Website: https://www.revnyou.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
16:3818/10/2022
Build to Rent Syndications with Ruben Greth
Have you ever heard of someone who raises capital not for his own but for other people’s deals?
Most of us are so focused on raising capital for our own deals that when we do it for others, we tend to make a lot of mistakes, in illegal manners, most of which aren’t really known.
So today, we bring you Ruben Greth, whose success started from just thinking about putting together all the sponsors and capital raisers he’s interviewed and make money from it. Tune in to learn how to build-to-rent syndications the legal way.
Ruben Greth has a popular podcast about raising money for multifamily syndication called the Capital Raiser Show where he learns from the best multifamily syndicators in the country.
He has partnered in $5M of capital-raising partnerships. He got his start by bringing joint venture capital to successfully raise $625K for small multifamily deals during the post-crash buying frenzy in Phoenix.
Ruben partners with multiple select syndicators bringing equity, advisory, and investor management. He has bachelor degrees in Chemistry and Spanish.
In this episode, Ruben spreads awareness regarding build-to-rent syndication as he shares how he and his partners are able to properly raise capital for other multifamily sponsors in a legal way.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 22 minutes from today's episode:
Find out what’s the difference between Rules 506(b) and 506(c) of the Regulation D;
Discover what happens in a build-to-rent syndication and why it’s done under 506(c); and
Understand why build-to-rent syndication is a great way to make money while raising capital for other people’s deals
Resources/Links:
Rule 506 of Regulation D: https://www.investor.gov/introduction-investing/investing-basics/glossary/rule-506-regulation-d
Capital Raiser Show: https://capitalraisershow.com/
Topics Covered:
01:17 – Starting his own fund and later on raising capital for other people’s deals
03:27 – Looking at and analyzing the build-to-rent model
05:00 – What the Regulation D. Exemption 506(b) and 506(c) are all about
08:09 – When does it make sense to raise capital for other people? What role do they take part in the Co-GP?
11:49 – Talking about the different fund types
14:11 – What happens in a build-to-rent syndication
17:48 – Houses and units under Ruben’s projects, the typical profile of families to live there, and the cashflow in such a property
21:35 – Connect with Ruben
Key Takeaways:
“The more that I’ve kind of spent time looking and analyzing this build-to-rent model, which has a little bit of a different risk profile than a multifamily syndication, the more that it’s making a lot more sense to let’s go full-board on the build to rent because everybody’s making a ton more money.” – Ruben Greth
“When you raise money from people that are completely passive, that have no active, ongoing duty in your business, then that technically becomes a security.” – Ruben Greth
Connect with Ruben Greth:
LinkedIn: https://www.linkedin.com/in/rubengreth/
Instagram: https://www.instagram.com/capitalraiser/
Website: https://legacyacquisitions.com/ ; https://capitalraisershow.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
22:4214/10/2022
Creative BIG deals with Michael Glaspie
Have you ever wished that you could have somebody who knew how to crunch the numbers when it comes to big deals?
Someone that takes a look over your shoulder and sees if you're doing what you're up to is up to snuff?
The fact of the matter is, that real estate investing doesn’t always come with a cookie-cutter approach. If not properly handled, it can either make or break your business.
Listen as our guest gives you some advice to discover more about this topic
Michael Glaspie is a Commercial Real Estate Investment Advisor who assists in the analysis and coaching of investment goals and objectives. Prior to his role as an Investment Advisor, Mike served eleven years in the US Army as a Green Beret, worked as a commercial loan advisor, and served as the Chief Financial Officer for a real estate private equity firm. Throughout his career, he acquired 134rental units personally and has helped thousands of investors, entrepreneurs, and brokers break into commercial real estate.
Mike is also an Amazon Best Selling Author; he has a bachelor's degree in Business Administration from the University of Houston-Downtown and an MBA from the Keenan Flagler School of Business at UNC-Chapel Hill. Michael is a Certified Commercial lnvestment Member (CCIM), Certified Real Estate Investment Planning Specialist (CREIPS), and a National Commercial Real Estate Advisor (NCREA).
In this episode, Mike shares how he used his own creativity in real estate investing by crunching the right numbers, building rapport, and using his military experience to land big deals
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you will learn from this episode for 17 minutes:
Mike shares a number of examples of creativity that he has applied to land bigger deals, higher profits, and better equity
Discover how Mike optimized a limited-service hotel and used creative tactics on a multifamily home to turn them into investment opportunities
Learn how having a military background gave Mike an advantage when it comes to real estate investing
Resources:
Website: https://www.militarycashflow.com/resources
Topics Covered:
2:21- How Michael has come up to the realization of using creativity on not just the small deals but also on the big deals.
3:17 - Why it’s important to build rapport and get to know the desires of the seller before applying the creative solutions.
6:31- The story of how Mike brought a hotel up to snuff, turned it around, and sold them for better revenue and enhanced ownership.
9:36 - What Mike did to acquire a multifamily portfolio that opened the flood gate to other bigger portfolios.
13:28 - How his military background helped him be more creative and work with what he can.
15:22 - Mike shares why looking from a military lens has made him collaborate more and scale up his business.
Key Takeaways:
“When you're in the negotiation process, period, it's really about identifying what that seller truly desires, what they really want, and what they need.” -Michael Glaspie
“But the real advantage that most service members have is, that we spent a lifetime or a career being resourceful, not having all of the resources, but doing the most with what we have”. -Michael Glaspie
“Employers will say we really enjoy hiring people with military experience because when you give us a problem set, we're going to look at it, in black and white.” -Michael Glaspie
“We understand your objective. We're going to add what we can. We know what we have to work with and we will get it.” -Michael Glaspie
“Once you can build that same infrastructure that we resonated with within the military, you really start to begin to be able to scale your business to whatever it is that you imagined it to.” -Michael Glaspie
Connect with Michael Glaspie:
Podcast: https://www.militarycashflow.com/
Instagram: https://www.instagram.com/michael.s.glaspie/
LinkedIn: https://www.linkedin.com/in/michael-glaspie/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
17:2714/10/2022
Top 10 Tips for Flips with Jen Josey
Have you ever flipped a house? Have you thought about flipping houses? We've all thought about flipping houses, especially with how the TV shows make it looks so easy.
Yet the real deal in the real estate road is, that flipping houses are not as simple as it appears on television.
Like any other business venture, flipping houses requires knowledge, structure, and insight to be considered a success. If you do not want your flipping business to end up as a flop, you have to find the right resources and help you gain more profits for your properties.
Jen Josey is a Real Estate Investor, Coach, Speaker, Blogger, Podcast Host, and Bestower of Badassery. She uses her humor and experience to inspire and educate others while coaching with integrity. Jen is the creator of REIGN, the Real Estate Investor Growth Network. Jen is a coach for HomeSchooled by Tarek El Moussa, a Certified Canfield Trainer, a Certified Knowledge Business Broker, a Certified Practitioner of Neuro-Linguistics Programming, and a Certified Professional Life Coach. She lives in Raleigh, NC with her husband, Vance, two dogs, and two cats.
In this episode, Jen shares the Top 10 Tips for Flips so you can do it the right way, multiply your investment, and gain profits.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you will learn from this episode for 20 minutes:
How Jen and her husband started their real estate adventure by flipping houses
Jen’s Top 10 Tips for flipping houses and what you need to know so you can do it properly
How to trust more in your education and experience on flipping houses so you can stick to your guns when it comes to choosing the right kind of property deals
Topics Covered:
1:31 - The reason why Jen loves real estate.
4:02 - Why education is invaluable when it comes to flipping houses.
5:53 - Why numbers don't lie and make sure that you are using the right figures in determining things.
7:13 - What are the exit strategies you can use when you're buying properties.
14:11 - The importance of doing your due diligence in hiring a professional inspector for your properties.
11:18 - How Jen breaks the ice to build rapport, find out what you have in common, and go from there when it comes to building her network.
17:15 Knowing when to walk away and know when to run on bad property deals
Key Takeaways:
“Don't get emotional. Real estate can be such a roller coaster on your emotions”. - Jen Josey
“Make sure you find your people where you feel comfortable for your education program”. - Jen Josey
“If you have a property that you flipped, and you are experienced and you did everything properly. And it's with, you know, your competition or other flippers that cut corners, so that actually can work in your favor.” - Jen Josey
“Your network is your net worth.” - Jen Josey
“The answer will always be ‘No’ until you ask.” - Jen Josey
Connect with Jen Josey:
Website: https://www.therealjenjosey.com/
Mastermind: https://www.reignmastermind.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
19:5711/10/2022
Multi-Family Value Add Example with Jesse Fragale
How do you add value in a multi-family property deal and not look like a landlord who just kicks tenants out?
Toronto – if not Vancouver – is the most expensive real estate market in Canada, and with the place being so tenant-friendly, some might find it hard to buy and renovate a property there to rent out.
But worry no more because our guest today will share his own experience on adding value to a million-dollar property he’s bought! Tune in as we learn from Jesse Fragale.
Jesse Fragale is a commercial real estate broker and investor. He started investing in student rental properties a little over ten years ago. As his passion for investing grew, he began investing in single-family homes and condos. Following this, he transitioned to investing in multi-family apartments and that is his focus today.
Through his YouTube Channel, Podcast and Bigger Pockets Contributions, Jesse hopes to provide people with simple and straightforward real estate advice and education no matter what investing experience they have.
In this episode, Jesse discusses a case study on how they’re doing value-add to a multi-family property in Toronto.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 19 minutes from today's episode:
How to value-add in a multi-family property
The biggest operational challenges on renovating and renting out a property, especially in today’s time
How to approach a multi-family property renovation and deal in the midst of this pandemic
Resources/Links:
Listen to the Working Capital – The Real Estate Podcast. Just go to https://workingcapitalpodcast.com/.
Topics Covered:
00:54 – A backgrounder on the multi-family property Jesse is currently working on
02:20 – The value-add philosophy behind the property
05:43 – What could be the fair market value of the property?
06:45 – Are all units the same? What’s the rent that’s being charged?
08:39 – The biggest operational challenge and the way they approach it in accordance to law
13:58 – Before and after: What changed and stayed the same with the project
16:35 – Where Jesse and his team are currently at in that project
17:54 – Connect with Jesse Fragale
Key Takeaways:
“Back to the aspect of not looking like just a landlord that is kicking people out is that we’re now in a pandemic. I’m sure it’s colder out by you and some of the cities closer to you, but it gets very cold in Toronto as well. And we’re coming in to the winter, and we’re in a pandemic, so this idea of going through our negotiation process with tenants, it just wasn’t the right time. We don’t want to start the relationship like that, especially in that environment.” – Jesse Fragale
“This renovation, they don’t grow on trees, so you have to not just pay and come to an agreement, but you’re putting out quite a bit of capital.” – Jesse Fragale
Connect with Jesse Fragale:
YouTube: https://www.youtube.com/c/JesseFragale/videos
Website: https://workingcapitalpodcast.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
18:5507/10/2022
Daily Routines & Real Estate Success with Martin Perdomo
Do you have a daily routine, something that you consistently do, that helps keep you on track, get started on the right foot, and get a win every single day?
If you don’t have one, then this episode is exactly what you need right now. Join us as Martin Perdomo discusses the importance of your daily routine as he reminds us that small wins compound to a big one with time.
Martin Perdomo is the host of the Stroudsburg Real Estate Investors Club where coaches and trains hundreds of people around the country. He is also the host of Latinos in Real Estate Investing Podcast where he and his guests teach strategies to help people get started in real estate investing. In 2021, he and his company, Skilled Property Finders, won the “The 20 Mile March Award” given by the American Institute of Investment Housing.
He started investing in real estate at the age of 20 years old when he purchased his first property.
In this episode, Martin shares how his morning ritual goes as he explains how it’s changed his life since the day, he started doing it. He also mentions the apps he uses to help you start your mornings in an intentional way.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 21 minutes from today's episode:
How much your life could change just by having a consistent and intentional morning ritual as you start your day
Why it’s better that your routines include meditation
Discover apps/resources that can help you start that intentional ritual every day
Resources/Links:
Get to know more about Martin. Check out the Latinos in Real Estate Investing Podcast, Epic Real Estate Investors on Facebook, and follow him on Instagram and Facebook.
“The ONE Thing” by Keller Gary: https://the1thing.com/book/
Tony Robbins: https://www.tonyrobbins.com/
Headspace: https://www.headspace.com/
“The Compound Effect” by Darren Hardy: https://store.darrenhardy.com/collections/merchandise/products/the-compound-effect
Alux: https://www.alux.com/app/; https://www.youtube.com/c/Aluxcom
Elevate: https://elevateapp.com/
Topics Covered:
01:25 – Martin shares the backstory on how his morning routine started
04:53 – Talking about Martin’s 5-minute meditation
07:14 – Start the day on learning something new, meditate, then do journaling
10:35 – Ending the routine with activities that improve cognitive and physical ability
13:58 – Martin’s ‘always’ – meditation
15:05 – How his morning ritual transformed his life and business
Key Takeaways:
“What I found as I was studying successful people is that successful people, for the most part, have a ritual in the morning.” – Martin Perdomo
“I’m working on my cognitive ability because as a business owner, as a real estate investor, as a podcaster, and everything else I do, I need to be mentally sharp. I need to be able to lead my people. I need to be able to look up and identify those numbers quickly. I need to be able to look at a deal and see if it’s a good deal. I have to constantly be working on myself to constantly be getting better.” – Martin Perdomo
“I want little wins because those little wins, over time, compound to a big win.” – Martin Perdomo
Connect with Martin Perdomo:
Facebook: https://www.facebook.com/theelitestrategist
Instagram: https://www.instagram.com/elitestrategist/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
21:4504/10/2022
Multi-Family vs Industrial Commercial with Cody Lewis
Have you been wondering what’s the difference between a multifamily commercial vs an industrial commercial? Do you want to learn how to foresee if your investment has high value in the long run before closing the deal?
There’s a difference when running a multi-family to industrial commercial– from fishing out for a deal to closing one. So how should you be choosing deals in the competitive real estate market?
Cody Lewis is a founding partner for Vendue Capital, LLC. He is involved in property acquisition, investor relations, and asset management for the company.
Prior to Vendue Capital, Cody worked for leading technology companies such as Apple, Verizon Wireless, and CompuComand Jamf in the management of Business-to-Business Sales and Engineering as well as Business Accounts Executive. After educating himself in real estate investments and exploring many avenues of investments, he became a partner of Vendue Capital to acquire multi-family properties. Cody produces the podcast, Real Estate UnSuccess Stories, where other investors share stories of unforeseen problems in investing, resolutions, and the lessons learned.
Cody graduated from Coastal Carolina University with a Bachelor of Science in Applied Mathematics. He resides in Charlestown, SC with his wife and twin sons. In his free time, he enjoys time with his family and his season tickets to Clemson University football games.
In this episode, Cody shares the difference of having a multifamily and industrial commercial and how to foresee the value of your investments through IRR.
What you’ll learn in just 17 minutes from today’s episode:
Find out why you can't just keep on accepting real estate deals without analyzing them in the long run
Understand what is IRR and how it can help determine if the real estate is worth investing
Know what kind of value you should be looking for when investing in real estate
Topics Covered:
01:10 - Cody’s background in real estate investing and journey into scaling into the multifamily space.
03:20 - Why haven’t Cody and his partner been closing deals recently?
06:43 - Cody explains how their competitors are making money with the deals that Cody’s turning down.
07:43 - What does IRR mean?
11:16 - Is Cody starting to look at any other kind of asset classes?
13:22 - Cody’s website: Venduecapital.com
Key Takeaways:
“If you underwrote any deal back, you know, in 2020, 2021, even this year, a lot of things are still on future value. And there's a ton of risk that you have to take to bring maybe a cap rate that you're seeing.” - Cody Lewis
“As those cap rates were just continuing to get compressed, it just didn't make sense. We were looking at well, there's just there's not a lot of value to be added here.” - Cody Lewis
“We like to look at things from a long-term standpoint-- five-to-seven-year hold, or even longer, depending on what the market dictates. We underwrite for cash flow, that's our primary focus. We want to make sure regardless of what the value is of the property, if we need to, we can hold it for longer.” - Cody Lewis
“The equity is heavily weighted in favor of the passive investors. Well, as that IRR starts to creep up, the equity split starts to balance out or become more in favor of the partnership group, the general partnership group, and it does behoove them to perform at this level.” - Cody Lewis
“It was less about these groups performing the property really well and driving the NOI up and adding value to the property, it was more so that the market and the interest rates were really just taking that to the next level.” - Cody Lewis
Connect with Cody Lewis:
Website: https://www.venduecapital.com/
Email: [email protected]
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
14:5930/09/2022
Optimizing Your LinkedIn Profile for Capital with Suman Chakraborty
Want to find out how can you turn your LinkedIn posts into potential clients and increase your engagement, and raise your capital at the same time?
LinkedIn carries a ton of potential for you to grow your capital and influence more people into real estate investing. It doesn’t only serve as your online “resume” but is a great way into building your audience, increasing online and business engagement, and raising your capital!
Suman Chakraborty is a senior consultant with a top Canadian management consulting firm. He is a real estate investor and is an inner circle member of several prestigious real estate communities. He has been using LinkedIn since 2016 and he coaches real estate investors and professionals on how to leverage LinkedIn for building personal brand, network, generate leads, and raise capital.
In this episode, Suman shares how you can use LinkedIn as a platform for real estate investing and turn your online engagement into promising prospective clients.
Checkout -- Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you’ll learn in just 17 minutes from today’s episode:
Discover how to raise capital and increase your online engagement through LinkedIn
Understand the importance of why you should make content buckets
Learn how to convert your LinkedIn posts into actual connections and future partners
Resources/Links:
Discover how to turn your LinkedIn into a platform for real estate investing and turn posts into capital: https://www.linkedin.com/in/sumanchakraborty1985/
Topics Covered:
01:39 - Suman shares how he got involved in real estate investing
02:35 - How he dialled in into LinkedIn
04:22 - What are the right way and the wrong way to use social media
06:19 - Suman’s perspective on active soliciting investors on Facebook and LinkedIn
07:15 - How to convert posts into actual conversations, and then into potential joint venture partners or investors
09:01 - Suman shares an example of how his clients have optimized their LinkedIn profiles
15:36 - How often should you post online
17:21 - How do videos maximize your engagement
Key Takeaways:
“You should always let your audience know beforehand. Set the ground rules and expectations.” - Suman Chakraborty
“Give value, and whatever claims you are making should be eligible, authorized to do that, and add value to people-- that is the most important thing in the right way.” - Suman Chakraborty
“I keep updating people. So, it engages curiosity, and they see, you know, this person is with the right people. So, engage with the right people. Because what has worked in my favor is many people who were more advanced than me, I was always focused on adding value to them. And that has in turn brushed upon my rapport.” - Suman Chakraborty
“So always add value to people. And that's how they had gained that trust.” - Suman Chakraborty
“Always give value, and be in the right people. You don't have to push marketing, do pull marketing, where people are going to you.” - Suman Chakraborty
Connect with Suman Chakraborty:
LinkedIn: https://www.linkedin.com/in/sumanchakraborty1985/
Instagram: https://www.instagram.com/sumanchakraborty812/
Facebook: https://www.facebook.com/sumanchakraborty1985
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
20:3227/09/2022
3 C’s to Attracting Capital with John Casmon
Why call everybody, telling them what you’re doing and asking if they want to invest with you, when you can magnify your strength in connecting and attract these people to work with you?
There are people like today’s guest, John, who aren’t really shaped to raise capital. Maybe you’re like him at some point, someone who is a natural at being shy.
But worry no more, because today, he’ll educate us on his three (3) C’s of attracting capital. Tune in and have investors go after you instead of you chasing them!
John Casmon is a real estate entrepreneur who has partnered with busy professionals to invest in over $100 million worth of apartments.
John also consults active multifamily investors to help them start or grow their business. He hosts the Multifamily Insights podcast (formerly Target Market Insights) and is the co-creator of the Midwest Real Estate Networking Summit.
Prior to becoming a full-time investor, John worked in corporate America, overseeing marketing campaigns for General Motors, Nike, and Coors Light.
In this episode, John discusses what his three (3) C’s are when it comes to attracting capital as he explains each C’s importance in successfully attracting capital and investors for deals.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 18 minutes from today's episode:
Discover what the three (3) C’s are when it comes to attracting capital
Understand the importance of having confidence, credibility, and connections when you’re trying to attract capital and investors
Find out where you can start creating connections if you’re the type of person who finds it hard to start a conversation
Resources/Links:
If you are interested in investing in apartments or you want to see what a deal might look like, go to https://www.casmoncapital.com/sampledeal and download a sample deal package for multifamily apartments.
Get tips on how to be a successful apartment investor. Tune in and listen to https://www.casmoncapital.com/podcast
Topics Covered:
01:36 – Why John prefers attracting capital rather than raising it
03:51 – 3 C’s to attract capital: (1) Confidence that comes from preparation
05:29 – 3 C’s to attract capital: (2) Credibility that comes from the experiences you have
08:41 – 3 C’s to attract capital: (3) Connections, starting with the people you know
12:04 – A piece of advice for people who find it hard to create connections and turn conversations into real estate conversations
17:07 – The sample deal package and the podcast
Key Takeaways:
"First and foremost, you mentioned the three C's to attract capital, and the key word in there is attract because you want it to work like a magnet – you want to pull the money to you as opposed to you pushing or chasing the money; that's not fun.” – John Casmon
“That confidence has to come from preparation. If you are not prepared, it's hard to be confident. Yes, you could fake it, but that is not the position you want to be in, particularly when you're dealing with other people's money.” – John Casmon
“The credibility comes from the experiences you have. You may not have ever done a deal, but if you've put in the work, if you've prepared, you can be confident in the work you've done. But that credibility is about the work you have done, and maybe it hasn't been a real estate; maybe you're like me, a former corporate executive.” – John Casmon
“When most people get tripped up, they say to themselves, “I don't have a network of people who can invest in these kinds of deals. I don't know super rich people or multimillionaires. So how could I ever raise money for these deals?” And the truth is, maybe you don't know those people. But you know what? I don't know all those people either. You have to build your network, and you start with your connections with the people you do know.” – John Casmon
“This is something that you can learn. The biggest takeaway is – and I tell my kids this all the time – nothing is easy, nothing is hard. Either you have enough practice and experience where it feels natural or you need more practice and experience. So don't chalk something up as, ‘Oh, it's easy for him to do it, but I can't do it.’ You could do whatever you want to do if you are willing to put in the practice.” – John Casmon
Connect with John Casmon:
Website: https://www.casmoncapital.com/
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/john-casmon-7942454/
Instagram: https://www.instagram.com/jcasmon/
Twitter: https://twitter.com/jcasmon
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
18:2023/09/2022
Housing Is Actually Cheaper Than You Think with Jason Hartman
People here and there are freaking out these days, saying housing is so expensive nowadays. Well yes, they’re right, if we compare it with how things have been in the past recent years, but when you compare it to a longer point of history, you’ll actually be surprised at how cheaper it really is!
That’s exactly what this episode is about, with today’s guest explaining the statistics behind that. Join us as we dive into the numbers that prove housing isn’t as expensive as you think!
Jason Hartman is the CEO of Empowered Investor and Real Estate Tools. He started a career in real estate when he was still in college, investing in his own portfolio while brokering properties for clients. Through creativity, persistence, and hard work, he soon joined the ranks of the top one-percent of Realtors in the US, which then led to him being involved in several thousand real estate transactions, owning income properties in 11 states and 17 cities today. Jason’s companies help people achieve The American Dream of financial freedom by purchasing income property in prudent markets nationwide.
In this episode, Jason goes through the detailed explanation on why housing is actually cheaper than you think, with his points revolving around the data in St. Louis Federal Reserve’s chart, going through the history of interest rates, mortgage payment, and the market.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 29 minutes from today's episode:
Understand the reason why people think housing is so expensive
Find out what’s going on nationally with the real estate market through data explained from St. Louis Federal Reserve’s chart
Discover how housing is actually cheaper than what you think, through an actual calculation of the cost per square foot, per month, adjusted for inflation
Resources/Links:
Check out Jason’s slide deck and get your own copy by going to https://www.jasonhartman.com/slides
Visit the Shadow Government Statistics and have access to the analysis behind and beyond government economic reporting. Just go to http://www.shadowstats.com/
Learn more about the work Jason does by visiting his website: https://www.jasonhartman.com/
Topics Covered:
02:41 – What’s going on nationally with the real estate market
05:06 – Mortgage data shown on the chart of the St. Louis Federal Reserve
08:17 – The reason why people think housing is so expensive
10:32 – Then and Now: Calculating the Consumer Price Index (CPI) the way the government does it
14:39 – The Consumer Price Index (CPI) is a complete fraud
15:32 – Difference in typical homes back then and today, then connecting it to the data in chart
17:43 – Calculating the cost per square foot, per month, adjusted for inflation
19:40 – The increase in house inventory in line with the rising interest rates
22:51 – Two more things you need to consider, according to Jason Hartman
27:17 – Go to https://www.jasonhartman.com/slides for the slides
Key Takeaways:
"Real estate is really quite a bit cheaper than people think, believe it or not. And remember, nobody really buys a house on the price of a house; they buy it on the payment of the house.” – Jason Hartman
“When everybody’s screaming about housing – ‘So expensive!’ – they’re right if you compare it to 18 months ago, but they’re not right if you compare it to a longer point of history.” – Jason Hartman
“Here’s why everybody thinks housing is so expensive – it’s because of something called hedonic adaptation. We, as humans, just keep raising our expectations. We are never content. That’s the nature of human psychology. No matter what we get, we want more; we want better. And that’s exactly what we’re doing here; we’re just expecting more.” – Jason Hartman
“Those dollars are worthless. It’s not really that the mortgage payment has gone up; it’s that the value of the dollar has gone down.” – Jason Hartman
“Inventory tells the picture.” – Jason Hartman
“The market is reacting to the current interest rates; it’s not reacting to the future interest rates.” – Jason Hartman
“You’ve got to understand that investing is not about appreciation; that’s just the icing on the cake. The icing has been fantastic the last couple of years; no one will deny that. But what we got to remember is that investing is about yield, and yield comes from cash flow, and rents are skyrocketing. Rents always lag prices by about two to three years. So, rents have gone up already, but they are going up a whole heck of a lot more; they are going to be higher in the next few years. So that’s the other reason that I don’t think investors should be very worried about the market – because they’re investing for yield, not for appreciation, hopefully, and that’s why that matters.” – Jason Hartman
Connect with Jason Hartman:
Website: https://www.jasonhartman.com/
YouTube: https://www.youtube.com/channel/UCpGNsrLsGR1viGHoEbSCabA
Podcast: https://www.jasonhartman.com/podcast/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
28:4920/09/2022
Finding Your SuperPower with Angel Williams
Why focus so much on your weakness when you can give light to your strengths and take advantage of them in your life and in your career?
That’s what this episode is about, focusing on your strengths rather than your weakness and making them into your own “superpower” which you can, later on, use to your advantage in your real estate career.
Angel Williams is a Co-Founder of The Academy Presents and a Managing Partner of Lorren Capital, LLC. She has experience in SF rentals, Residential MF rentals, MF Syndication, and Oil and Gas investing. Angel received a BBA from Baylor University in 2000, and an MS in Economics in 2002.
In this episode, Angel talks about why you should prioritize and focus on your strengths more and how you can use that to your advantage. She also shares how you can combine your “superpowers” with others and become a greater sum in your life and in your workplace.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you’ll learn in just 17 minutes from today’s episode:
Learn how you can discover your own natural abilities and strengths and turn them into your “superpower”
Understand why your weakness isn’t the main focus but instead, it’s your strength
Find out how you can combine your “superpowers” with others and maximize your potential
Resources/Links:
Learn more about becoming an awesome real investor by discovering what your “superpower” is. Just go to https://theacademypresents.com/
Topics Covered:
02:24 - How Angel realized that we should focus more on our strengths or “superpowers”
04:09 - How Angel discovered her superpower
07:57 - Changes they made after discovering their strengths or superpowers
09:43 - How she coaches people into taking advantage of their own superpowers
10:54 - How to trade or combine your superpowers if you're flying solo or your spouse isn’t as cooperative
Key Takeaways:
“If you are flying solo, you're going to have to wear more than one hat for at least a small period of time. The hope is that you're going to go to events, and if you're an introvert, you're just going to have to figure out how to go to events and just get a few people.” - Angel Williams
“If you are that introverted person, find you a loud extrovert friend that is willing to be your wingman or your wing woman at an event because they can start the conversations and break the ice. And then you can enter the conversations when you feel comfortable because you don't have to do it alone. And we all have friends.” - Angel Williams
“Your extrovert friends, they don't care what the event is.” - Angel Williams
“And if you're afraid that you don't have any real estate investor friends yet, I'm telling you, go back to that loud extrovert friend of yours because they will accompany you anywhere.” - Angel Williams
Connect with Angel Williams:
Website: http://www.theacademypresents.com/
Facebook Community: https://www.facebook.com/groups/REIRocksCommunity/?ref=share
LinkedIn: https://www.linkedin.com/in/angel-williams-re/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
16:3717/09/2022
Your Own Real Estate Fund Is Within Reach with Lisa Hylton
Have you ever thought of setting up your own fund as you do real estate investing?
Do you have people who would love to invest alongside you but you don’t know how to start and make it work?
Many people think that starting up your own fund is something that isn’t possible, but our guest is here today to prove them all wrong. Launch your own fund and take your real estate investing game to the next level with Lisa Hylton!
Lisa Hylton is a real estate investor who has started her own funds. She is a Passive Income CPA and is the host of The Level Up REI podcast.
In this episode, Lisa gets into the details on how easy and doable it is for you to set up your real estate fund today.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 16 minutes from today's episode:
What the word “fund” means and how much, in average, will it cost you to set up a fund
Understand why you should focus on creating your own entity if you’re still starting to set up a fund
Find out which one fits you and your plans best – Rule 506(b) or 506(c)
Resources/Links:
Grab the Fund Manager Accelerator Crash Course that will take you from zero fund experience to being able to launch and run your own fund! Just go to https://lisahylton.com/the-fund-manager-accelerator/
Topics Covered:
01:31 – How Lisa defines fund when it comes to capital and real estate investing
02:57 – Creating your own fund for investing in real estate – doable or not?
04:13 – The realistic ballpark cost of setting up a fund
04:44 – Who are you allowed to bring on as investors with your real estate fund?
06:02 – Where to start – create your own entity
11:04 – Where to focus on when you’re a starter vs. thinking of doing blind fund
13:00 – Rule 506(b) vs. 506(c): The best rule to start with, depending on what you want to do
14:36 – Connect with Lisa Hylton
Key Takeaways:
"You can create funds to invest in real estate both from a blind perspective as well as from the perspective of being able to choose, allowing your investors to choose what investments they want to invest in.” – Lisa Hylton
“It is very doable. Everyday people can do it.” – Lisa Hylton
“If you’re just getting started, do one where you allow your investors to determine what deals they put their money into.” – Lisa Hylton
Connect with Lisa Hylton:
Website: https://lisahylton.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
16:4416/09/2022
The Mindset to Scale with Eric Nelson
What’s one thing that’s stopping you from scaling your portfolio today?
Do you find it hard partnering with people and actually trusting them to get on a deal with you? Or maybe you see yourself as someone who is unworthy of having partners around you?
Do you fear that things might go wrong, especially because of differences in opinions? Have you lost your confidence and courage to actually take action?
It is a huge leap for most people, but once you go for it, you’ll see its power. Get your head on straight and be ready to scale, because with having Eric Nelson join us, there’s no doubt that you’re in for a treat today!
Eric Nelson is the Founding Principal of Wild Oak Capital, where he and the team provide investment opportunities through multifamily syndication. He has been investing in real estate for over ten years. As a co-owner of a civil engineering firm, Eric’s range of skills suits the field of syndication and real estate on both the technical level and client relations side. Eric is also the host of The Real Estate Mindset podcast.
In this episode, Eric shares tips and advices as he enumerates big mindset hurdles people usually go through as they start scaling their portfolio.
What you'll learn in just 14 minutes from today's episode:
Discover the biggest mindset shifts that taught Eric valuable lessons as he started scaling;
Find out why it’s important that you learn how to partner with people and help yourself overcome the “I am not worthy” mindset;
Understand why you should welcome and not fear opposing opinions, and also trust your knowledge and not be afraid to take action
Resources/Links:
Check out Wild Oak Capital’s website to learn more about the work that Eric does. Just go to https://www.wildoakcapital.com
Topics Covered:
01:55 – The backstory of Eric’s scaling journey + why it’s important that you learn how to partner with people
04:58 – Overcoming the “I am not worthy” mindset
08:56 – Trusting other people and actually working with them + why you should be open for assistance and not fear debates
10:12 – What kind of partnerships does Eric have?
11:47 – “Take the leap, because you can”
13:34 – Connect with Eric Nelson
Key Takeaways:
“There are ways to invest with other people's money, but the way to get there is to partner with people.” – Eric Nelson
“If you're hitting a roadblock, I’d encourage you to find someone with maybe opposing skill sets and start looking at how they can do it.” – Eric Nelson
“I hear people say this a lot. A good deal basically takes hustle, knowledge, and money. And so, if you can do two of those, if you can find the deal and if you have the knowledge how to run it, chances are you’d probably find someone who has capital.” – Eric Nelson
“It turns out that opposite opinions are actually great. It's a healthy debate that really produces the best solution.” – Eric Nelson
“Sometimes, it just takes a push from a friend, from your spouse, or even from yourself, to say ‘Let’s go’. And a lot of times, you'll make mistakes, and that's okay. As long as they're not detrimental, learn from it, get better, and move on. You have to trust the knowledge that you've learned and go for it. Take the leap, because you can.” – Eric Nelson
Connect with Eric Nelson:
Website: https://www.wildoakcapital.com/
Email: [email protected]
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
14:5213/09/2022
Defensive & Offensive Asset Protection with Bonnie Galam
Before things get out of hand, you need to prepare. And when you're in the real estate business, you've got properties and people to look out for, not to mention the significant amounts involved.
Lawsuits could arise if you're not cautious and could lead to severe business losses. That is not what we want to happen.
With that said, how do you protect your assets, avoid legal battles, and increase profitability?
Bonnie Galam left law firm life and started her own business because she saw the London Underground 'mind the gap' kind of hole in the legal space: LEGAL for INVESTORS THAT VALUE their time and integrity as much as their money.
In this episode, Bonnie shares how you can save yourself from future headaches borne out of lawsuits and losses caused by it by putting systems and processes that prevent them from happening, as well as getting asset protection for your properties and people.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn from this episode in just 18 minutes:
Find out how these two kinds of asset protection to help you from lawsuit costs and business losses.
Know when it is best to get LLC for your real estate business entity to ensure the protection is more than the cost incurred.
Learn about the misconceptions about asset protection, so you know what systems and processes you need to be in place.
Resources:
Join Bonnie's free legal workshop to learn how to create a profit-centered legal strategy https://bonniegalam.com/
Topics Covered:
02:08 - What is asset protection
02:48 - Misconceptions about asset protection
06:51 - Defensive versus offensive asset protection
09:20 - Being more proactive with legal stuff to increase profitability
11:24 - As a startup real estate investor, when is it best to have LLC?
12:52 - Is LLC recommended for flippers, and how about buy-and-hold property owners?
18:15 - Where to reach Bonnie for her perspective on asset protection
Key Takeaways:
"Asset protection is straight up saving me money. It's this big picture. I'm not just trying to protect myself from lawsuits. I'm trying to protect myself from losses. Period. And to use that to be able to increase my own bottom line." - Bonnie Galam
"We can take actions to protect ourselves the way that everyone else does. And by creating this ecosystem of processes and procedures that are not just drafted in a way that's in our favor, but also legally compliant and understood by all parties." - Bonnie Galam
Connect with Bonnie Galam:
Website: https://bonniegalam.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
19:3609/09/2022
Bringing on Real Estate Business Partners with April Crossley
Have you ever thought about the must-have qualities of the people you’d be business partners with when it comes to real estate investing?
Do you have an REI project that you’re really interested in, but you haven’t really found the person who could help you put action into that dream?
April Crossley is the founder of Lazy Girl REI and Crossley Property Group. She is a full-time real estate investor in Berks County, PA, who is passionate about helping others rise and grow wealth with real estate. April is a teenage mom, a Millionaire Wealth Grower, an RV Lifer, and she has made it her mission to help change lives by growing wealth.
In this episode, April discusses the dos and don’ts of creating business partnerships when it comes to real estate investing as she shares tips based on her own story.
Checkout -- Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 20 minutes from today's episode:
Know the qualities that you should look for when finding a business partner in doing real estate investing
Understand why it’s perfectly fine that you don’t immediately form an LLC with that business partner
Discover why having an annoyingly scary lawyer is a must, especially when it’s your first business partnership
Resources/Links:
Check out April’s website and find out how she can be of help to your REI journey. Just go to https://www.aprilcrossley.us/lgrei-resources
Topics Covered:
01:07 – Short introduction about today’s guest
02:26 – Defining how a business partner should look like in real estate investing
03:28 – The story behind April’s first business partner
04:37 – Past vs. Present: What business partnerships look like for April now
05:58 – April’s first-hand experience of doing business partnerships for short-term deals
08:24 – Things to take note of when looking for a partner with whom you’d do a longer term buy-and-hold type of business with
11:45 – Tips you should consider before diving into your first business partnership
14:20 – Where to put your focus on when looking for business partners
16:34 – The ideal number of business partners you should have
19:25 – Connect with April Crossley
Key Takeaways:
“Don't jump into forming an LLC right away, because then your kind of like married to that person; you're doing tax returns together and everything.” – April Crossley
“They always say, your network is your net worth.” – April Crossley
“Get an attorney that annoys you and scares you when you sit down with the business partner.” – April Crossley
“You have to get to know someone on a level other than what they're good at in real estate. What are their core values? What do they value in life? How do they spend their free time? What do they do with their family? Take them to lunch a couple of times and see how they treat a waiter at a restaurant. Things like that that seem kind of funny to say, but really digging into who they are personally.” – April Crossley
Connect with April Crossley:
Website: https://www.aprilcrossley.us/
Instagram: https://www.instagram.com/april_crossley/
Facebook: https://www.facebook.com/groups/rvrei
YouTube: https://www.youtube.com/user/aprilcrossley
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
20:3106/09/2022
Move over Extroverts with Ashley Harwood
If networking and meeting many people as part of your work makes you nervous, in a way, and drains your energy, you must be an introvert.
But you're not alone.
That is often the thing with introverts; they rather listen than do the speaking.
But, as introverts, how can you make it in the extroverted world of real estate?
Let's find out as our guest lays down tips for you.
Ashley Harwood is a fierce advocate for introverts. She began her real estate career in 2013 and built a 6-figure business as a solo agent before launching Move Over Extroverts In 2018. After participating and being a student of many, many coaching and training programs, she saw a need in the industry. The introverts were being left behind. So, Ashley started developing training materials, classes, and coaching programs for her people, her fellow introverts.
In this episode, Ashely shares how she managed to run a real estate business following her introverted-friendly ways, tips, and strategies.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you will learn from this episode for 25 minutes:
Learn a strategic way of doing things and fill your client pipeline without spreading yourself too thin.
Discover fun and creative ways of doing client events minus the overwhelm of presentations.
Discover client-getting tips and strategies on how to build long-term relationships in an introvert-friendly way.
Resources:
Website: https://www.moveoverextroverts.com/
Topics Covered:
03:11 - What helped an introverted person like Ashley make it in an extroverted world of real estate
04:01 - Her typical day before reading the book [Quiet by Susan Cain] and what it was like after reading it and self-reflection
05:38 - A strategic way of doing things but with less overwhelm
07:01 - Zero business from cold-calling
08:12 - Coming up with a plan that helped her build stronger relationships that led to referrals
08:57 - How did she go about her first client event?
09:55 - Ashley's venue of her event and her means of sending out invitations to people to come to her event
10:40 - Not a cheap thing to do for her [a newbie]to hold that kind of client event
11:05 - Going forward but getting smarter when it comes to holding client events
12:42 - Leveraging from that first client event that she hosted
14:10 - What did her subsequent events look like after that first one
15:52 - Cool and fun things you can do for virtual client events to keep people engaged and make sure to recharge afterward
17:02 - Other client-getting strategies she uses that don't require her to do the talking [personally writing notes to people depending on what the occasion is]
17:50 - Having unique stationery for those notes that she writes, how often she writes them, and the challenge of getting everyone's address
24:45 - Advice to an introvert who wants to be successful in real estate
22:50 - An easy icebreaker when going to some place or networking events
Key Takeaways:
"I didn't do a lot of replacing; rather, it was strategically getting rid of things that were sucking my time and energy so that I was showing up in a much better way to the things that I was still doing." - Ashley Harwood
"I came up with a plan for how to build stronger relationships. One thing that I ended up adding to my plan was events, client events." - Ashley Harwood
"It's relationship building. It's ‘thank you’ for being in my world. And the fact that they're coming to something and spending time with me in person means that I'm going to stick in their brain for a much longer time." - Ashley Harwood
"I would recommend to people that they still have client events, even on Zoom, and make it fun." - Ashley Harwood
"One strategy that I still use to this day is writing handwritten notes. It's so impactful. And so easy and perfect for introverts because you just sit in your desk and write the note; you don't have to speak to anyone." - Ashley Harwood
"My biggest tip is to be a little more strategic in where you're spending your time and whom you're spending it with." - Ashley Harwood
Connect with Ashley Harwood:
Website: https://www.moveoverextroverts.com/
Facebook: https://www.facebook.com/AshleyHarwoodConsulting
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
25:0402/09/2022
The 3 Pillars of Influence with Adam Adams
Have you ever wondered what the best ways are to grow and expand your network?
Do you want to be the person in front of the crowd and make yourself and your business known to the world?
Adam Adams has a loyal following in the podcasting space. After selling his first podcast, he launched the Podcast on Podcasting which is ranked as a top show for podcasters. Adam is also the founder of GrowYourShow.com where they help you get your message out to the world. Grow Your Show is The Easy Button For Podcasters TM that want to have a top rated show without all the hard work. Their clients are getting ranked in the top 1% on iTunes and other top charts which means they have more influence than the other 99%.
In this episode, Adam enumerates the three pillars of influence as he explains each pillar’s importance and interrelatedness with one another.
Checkout -- Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 38 minutes from today's episode:
What the three pillars of influence are and how you can achieve your goals through it;
Why each pillar is important and are all interconnected;
Get tips on how to make the pillars a part of your life, especially if you’re afraid and shy to be the person in front of the crowd
Resources/Links:
Rich Dad, Poor Dad: https://store.richdad.com/collections/books/products/rich-dad-poor-dad-what-the-rich-teach-their-kids-about-money-that-the-poor-and-middle-class-do-not
Jab, Jab, Jab, Right Hook: https://www.amazon.com/Jab-Right-Hook-Story-Social/dp/006227306X
The ONE Thing: https://www.amazon.com/ONE-Thing-Surprisingly-Extraordinary-Results-ebook/dp/B00C1BHQXK
Who Not How: https://whonothow.com/
Topics Covered:
01:26 – A short backstory of Adam’s real estate investing journey
05:10 – “Your network is your net worth”: Starting a podcast to grow his network
07:48 – The 3 pillars of influence: (1) Meeting people in person
09:58 – Tips on meeting people even when you’re a shy person
14:37 – Talking about his Creative Real Estate Lunch Club and its impact on his business
21:14 – The 3 pillars of influence: (2) Social media + Adam’s tips based on how his meetup grew through social media
25:49 – The importance of focusing on a social media platform that suits you best
28:23 – The 3 pillars of influence: (3) Thought leadership
33:12 – Your why’s gotta be bigger than whatever it is that your fears are. Ask for help.
36:13 – Connect with Adam Adams
Key Takeaways:
“Think about it as three-legged stool; you’re on a barstool or whatever. You will fall over if you only got two of them. Just let that sink in. You've got to do all three for that stability.” – Adam Adams
“The thing that I do intentionally every time is I forget about myself and I only think about the person on the other side. Something almost miraculous happens when you make that shift and you focus on the service instead of yourself. You don't care that you stutter anymore. You don't care if you're slouching or standing up and looking awkward or whatever it is. You just start to feel more natural, and your words, your thoughts, and your efforts are on serving that person.” – Adam Adams
“That which you persist in doing will become easier to do. You just got to keep focusing, and it will eventually give you endless potential. So just keep doing it.” – Adam Adams
“There's a lot of people that are afraid to even have a social media or they just don't want to put themselves out there or they don't want people to see them or find them. But what I've noticed, when you want to have real influence – and we're calling these the three pillars of influence, three-legged stool, you need all three – if that's what you're looking for, you have to realize and understand that most people, when they're going to vet you, they're going to Google you. They're going to look for your Facebook. They're going to look for your LinkedIn. They're going to look for you online. They're going to see what types of pictures you post. As they get to know who you are, as they get to see that stuff, see you with your sweetheart, see you're doing your hobbies, they get to know you and it allows them to trust you more because they find your social.” – Adam Adams
“They're all the most important. They are all critical. You can't have the success that you dream of without having a little bit of all three of these.” – Adam Adams
Connect with Adam Adams:
Website: https://growyourshow.com/
Podcast: https://podcast.growyourshow.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
38:4430/08/2022
Section 8 Investing with Rhett Wiseman
Can you say the same thing with other real estate investment portfolios where value increases even during the pandemic despite catering to the bottom-level financially capacitated market besides being recession-proof?
I am referring to Section 8 investing.
Let's dive into this topic and find out what more exciting things to look forward to in this market.
Rhett Wiseman is known as the Section 8 guy and has written an e-book called the Ultimate 101 Guide to Section 8 Real Estate.
In this episode, Rhett shares how he has been involved in Section Eight investing for almost a decade and finds it lucrative even amid the pandemic and economic recessions. He has never seen it that way with other investment portfolios that he owns.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you will learn from this episode for 26 minutes:
Learn how the government's Section 8 program protects landlords and learn to dispel myths about this market.
Discover ways how tenants and landlords share a symbiotic relationship in this setup.
Find out how you can be profitable running a Section Eight property even when dealing with a less financially capacitated market.
Resources:
Click this link to get the Ultimate 101 Guide to Section 8 Real Estate eBook: https://section8guy.com/products/the-ultimate-101-guide-to-section-8-real-estate-ebook
Topics Covered:
00:57 - What is Section 8 Investing, and who are the clients for this investment?
02:43 - Busting myths about the Section 8 program
04:41 - How do you earn when you're dealing with not financially capacitated markets
07:446 - Criteria for selecting properties and locations for Section 8 housing
09:40 - Getting a guaranteed cash flow monthly
11:11 - How to get a rental increase in this type of market
12:31 - What he’s up these days
Key Takeaways:
"When investing in Section Eight, finding the right market and zip code is crucial. And make sure those two things can work to be profitable." - Rhett Wiseman
"Being able to provide a nice home for people who have less than I do, and who might be coming out of an awful situation, creating a really nice living environment for somebody gives people a chance to get out of that situation. That I took much pride in." - Rhett Wiseman
"The government has shown that they print more money when things go bad, so you don't have to worry about them running out of money, so you get cash flowing monthly." - Rhett Wiseman
"Section Eight investing is one of the only things that is recession-proof. I've had a Section A portfolio through two government shutdowns, a mini-recession at the beginning of COVID, March 2020, and a global pandemic. And the only thing that's happened throughout all of those dire circumstances is that my portfolio has gone up in value. And I can't say that about any other kind of asset or equity, or investment I've made." - Rhett Wiseman
"Very recently, we're seeing incredible, incredible rent increases by HUD to make sure that Section Eight can keep up with incentivizing landlords to maintain a relationship with the program." - Rhett Wiseman
Connect with Rhett Wiseman:
YouTube: https://www.youtube.com/channel/UCFdlNStum2hqxCd2EoRtGhQ
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
14:4326/08/2022
Finding Good Multi Family Deals with Nico Salgado
When you're new and do not have many deals under your belt, that's hard to convince brokers that you can close deals.
With a business like real estate, one's reputation is on the line as you get involved with not just thousands but even millions worth of deals.
How can you prove credibility when you barely have deals to show for?
Apart from teaching and investing in real estate, Nico Salgado is an entrepreneurs, coach, mentor, and leader. He is an avid surfer, woodworker, traveler, and extremely proud father.
He began investing in real estate in 2012 with a single-family development project and transitioned into the commercial multifamily space in 2019. He is also a host of a monthly meet-up, as well as a podcast.
In this episode, Nico shares proven and effective steps you can do to boost your credibility when just a newbie in the commercial multifamily space.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you will learn from this episode for 26 minutes:
Find one asset you can make in every outreach and conversation with brokers to position yourself to succeed.
Learn about creative ways to build long-term relationships with brokers and reinforce that know-like-trust factor.
Discover a three-pronged approach for lead generation.
Resources:
Website: https://smallaxecommunities.com/
Topics Covered:
01:04 - What works best when it comes to generating leads for Nico
01:40 - The challenge in dealing with brokers
02:34 - What newer investors can do when dealing with brokers as they are just newly starting out
04:33 - Showing credibility even with not many deals yet under your belt
07:17 - Mistake he committed that we can all important lessons from
08:30 - Creative ways of building relationships with brokers that prove effective without having to dine and wine with them
10:31 - What the e-book he writes was all about, and how he can use it for marketing
13:21 - More helpful tips for finding leads and how to go about them
15:25 - Challenges to handle when cold-calling
20:18 - Giving you an idea of the response rate when you go the text messaging route of finding leads
21:43 - Two ways to opt-in for email list and dealing with legalities
Key Takeaways:
"I've tried a number of different things. But honestly, what's working best [when it comes to lead generation] is still the broker relations." - Nico Salgado
"Credibility has to come from your partners, and personally, I leveraged friends, colleagues, and mentors; and they are on my credibility page." - Nico Salgado
"Building relationships is key in this industry. And it could take years, and that's okay; we're here for a long haul." - Nico Salgado
Connect with Nico Salgado:
Website: https://smallaxecommunities.com/
Email: [email protected]
Facebook: https://www.facebook.com/nicosalgado456
LinkedIn: https://www.linkedin.com/in/nicosalgado456/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
26:5023/08/2022
Avoiding Real Estate LAWSUITS with Howard Kline
We hate to get into trouble, much less get into lawsuits. That's never fun, leading you to spend a lot of money.
Not only that but the mental stress and anxiety that comes with it can also affect your well-being.
As much as possible, how do you avoid involving yourself in lawsuits with your real estate dealings?
Howard Kline is a lawyer with 43 years of legal experience, primarily in the area of commercial real estate, lease negotiations, evictions, and rent collections. I also offer foreclosure services as a lawyer, arbitrator, and mediator, specifically relating to commercial landlord-tenant disputes. Please submit your case below for review, and I'll contact you as soon as possible.
In this episode, Howard shares what you need to be doing the first thing before you get into an agreement. With lawsuits happening now and then, especially in the real estate industry, he cautions everyone to put in a system that somehow mitigates the situation when it arises. That's when putting everything in agreement makes sense. He also discusses disagreement stipulations so you know how the process goes during mediation and arbitration; of which these two terms he will also discuss.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 21 minutes from today's episode:
Find out the three ways for you to avoid getting involved in lawsuits.
Learn how to do proper due diligence of people you want to get into an agreement with so you won't be spending more for less later on.
Hear about the red flags when doing your due diligence so you get warned of potential trouble.
Resource:
Website: https://www.hfkesq.com/
Topics Covered:
01:51 - What to consider at the get-go when entering into an agreement
03:27 - A system that needs to be set up
04:46 - Howard's goal for his client
05:05 - Ways to prevent yourself from getting into lawsuits
06:29 - Doing your best due diligence
10:29 - The dangers you must look out for when doing your due diligence
12:19 - Disagreement stipulations
14:44 - How to go about the mediation process
17:12 - Differentiating between mediation and arbitration
19:33 - How you can reach out to Howard
Key Takeaways:
"Somewhere along the line, someone's going to have a disagreement; the better you draft the agreement, the more you anticipate the likely disputes, the better you can avoid them, to begin with." - Howard Kline
"What's the best way of avoiding disputes? It's choosing the right person you will be dealing with." - Howard Kline
Connect with Howard Kline:
Website: https://www.hfkesq.com/
Landline: 702-706-4433.
Email: [email protected]
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
21:3119/08/2022
Time Efficiency Ideas with Brandon Rabe
With all the noise pulling us in different directions, it's easy to be distracted.
And it happens even to the best of us. And that's a challenge most of us face.
How can we structure our lives and manage our time in all our roles without overwhelming ourselves?
Brandon Rabe is an active investor that specializes in the BRRRR strategy. Through massive action, he has acquired several cash-flowing properties in just a short period of time. He also graduated from the WNN Properties mentorship program and became certified as a High-Performance coach. He accomplished all this while maintaining a full-time job and raising two young children with his wife.
Brandon's passion for investing and love of education led him to become an advisor with WNN Properties while growing his personal portfolio of cash-flowing real estate.
In this episode, Brandon shares his time management and time blocking strategy that can help you get efficient, shun distractions, and keeps you productive. He also talks about being intentional in all you do so you grow and become your best self.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 19 minutes from today's episode:
Discover about this phone hack to get you inspired and motivated to become the best version of yourself.
Find out how to block your time well to get things done efficiently and effectively without overwhelm.
Learn about ways to become intentional at what you do and be productive.
Resources:
Get your FREE tool to help get your mindset in the right headspace. Click here: https://www.breakingrhythm.com/
Topics Covered:
01:17 - A blueprint of how his day goes despite his hectic schedule
02:53 - How he starts his day and what his time blocking looks like
04:29 - What it takes to juggle between family time and work
05:22 - Making the time difference work to his advantage
06:29 - How he divides his time between real estate investing work and coaching or mentoring every day
07:06 - What his weekends look like
09:24 - Doing things with intention
10:51 - How he reaches out to his non-real estate investor friends
12:06 - Creating phone alarms to help you remind yourself to become your best version
13:35 - Three words that describe the best version of Brandon
14:28 - How does this three-word alarm work?
16:07 - Situations where this three-word alarm proves effective
Key Takeaways:
"It's not easy; it's very hectic at times. But there are certain things that I do that help with that. One thing is time blocking, managing my time, writing out, planning my day every morning -- what I will be doing every half an hour. So, that gives me a blueprint of how the day's going to work." - Brandon Rabe
"With everything I'm doing, I want to make sure I'm intentional. It means doing something with meaning; identifying why I'm doing certain things." - Brandon Rabe
"I'm finding that the more I get into real estate and personal development, the more I'm moving people away that aren't aligned to that outside of my life. But I still make an effort to reach out. I'll shoot them a text, say, hey, just in case nobody tells you today; I hope you have a great day, very simple. Whether that produces a conversation or not, at least it leaves the door open for them to reach back out to me if they ever want to talk about real estate, mindset, or whatever it is." - Brandon Rabe
Connect with Brandon Rabe:
Website: https://www.breakingrhythm.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
19:3916/08/2022
House Hacking to Freedom in 5 Years with Craig Curelop
Do you want to achieve financial freedom in just five years or less? Do you want to leave that corporate job already and see what’s more to this life than just sitting in a cubicle all day?
If yes, then that’s great, for you’re in for a treat today!
Today’s guest is a specialist in house hacking, a real estate practice that will help you generate and build wealth no matter where you live.
So, tune in to this episode and learn how to achieve financial independence through house hacking!
Craig Curelop is the Founder of The FI Team – a team of real estate agents that coach, guide, and mentor you throughout your journey of financial independence. He is a real estate investor with 22 doors and is now getting into large multifamily syndication. Craig is a newly married man who has recently settled into his family’s forever home.
In this episode, Craig shares how he’s achieved financial freedom through doing house hacking as he gives out tips and suggestions on how you can do the same.
Checkout -- Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 20 minutes from today's episode:
Understand what house hacking is all about and how people get money from it;
Discover whether house hacking is still a viable strategy to make money today; and
Find out tips on how to best manage things once you start renting out your house by the rooms
Resources/Links:
Grab a copy of Craig’s book, “The House Hacking Strategy”.
Discover how to make house hacking really simple. Go to thefiteam.com/hhu and enroll in the House Hacking University now!
Topics Covered:
00:57 – The backstory of Craig’s real estate journey
03:15 – What house hacking is all about
04:40 – Taking his own advice and doing house hacking right away
06:00 – What happened years after he started doing house hacking
07:13 – Is house hacking still a viable strategy nowadays?
10:45 – Biggest mistakes people make when it comes to house hacking
11:50 – Tips for people living in an expensive market
13:34 – A house with multiple rooms vs. a duplex/triplex/quadplex
14:54 – Is house hacking feasible for people who already have a family?
15:47 – Tips on how to best manage things when renting out your house by the rooms
18:47 – Connect with Craig Curelop
Key Takeaways:
"I kept thinking of dumb ideas, until I realized that I didn’t need to become like Mark Zuckerberg or anybody like that. I can just become a real estate investor [and] do what 90% of millionaires have done.” – Craig Curelop
“Sure, I got lucky, but I’ve put myself in a position to be lucky though. If you never buy, you can’t get lucky. And so, I always just say make sure you’re buying in an area where you’re going to [get] a cashflow.” – Craig Curelop
“No matter where you live or which way you go, house hacking will for sure help you generate and build wealth.” – Craig Curelop
Connect with Craig Curelop:
Instagram: https://www.instagram.com/thefiguy/
Website: https://www.thefiteam.com/
TikTok: https://www.tiktok.com/@thefiguy
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
20:4412/08/2022
3 Pools of BIG Capital with Shawn Winslow
Shelling out your own money for your deals is easier the first few times.
What about the deals after? How do you get funds ready when great deals keep cropping up?
Shawn Winslow is the founder and managing partner of Greenbriar Capital Group. He has an aptitude for investing in multifamily apartments, providing his clients with significant passive income and generational wealth. His passion is helping investors achieve financial freedom by reducing their dependency on conventional income and investments such as stocks, bonds, and mutual funds so they can pursue their own dreams.
In this episode, Shawn shares how, when finding investors, you should not only network and connect with people but also find out if your values align.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you will learn in just 25 minutes from today's episode:
Learn about the different ways to pool capital from investors.
Find out the three pools of people for sources of funds.
Hear about ways to stir curiosity from people and get started in connecting with them.
Resources:
Learn more about how to improve your life through Real Estate by visiting the Greenbriar Capital Group website: https://www.greenbriarcg.com/our-team
Topics Covered:
01:21 - Shawn's professional background before getting into real estate
03:48 - Transitioning from corporate to networking and raising capital for his multifamily ventures
06:52 - First pool of money partners and various ways you can start connecting and raising capital
09:03 - Tips on how you can get started connecting with people
12:22 - Getting people to invest with you after connecting with them
14:08 - Online and offline ways of networking with people
15:30 - Where to find people you want to get connected with and ultimately do business with
17:21 - Second pool of investors to get funds from
19:27 - Third pool of investors to raise money from and how the process works
22:32 - Differentiating strategic partners versus institutional money lenders
23:22 - More tips to raise money without being too salesy
Key Takeaways:
"To scale, in my opinion, the holy grail is to have a list of your own investors you have cultivated." - Shawn Winslow
"I've been really successful in networking. But even with that, it still takes a long time to cultivate that because you're not just going to meet someone one time, and they're going to invest with you. You want to develop a relationship with these people so that they know, like, and trust you but also so that you know, like, and trust them as well." - Shawn Winslow
"The best relationships I've made are the ones that take a little longer to establish." - Shawn Winslow
"A lot of people say, it's whom you know, but I actually think it's who knows you. And the only way for people to know you is to get out there." - Shawn Winslow
Connect with Shawn Winslow:
Website: https://www.greenbriarcg.com/our-team
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/shawnwinslow/
Instagram: @shawnowins
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
25:5409/08/2022
Crowdfunding vs Syndications with Gene Trowbridge
Do you want to learn how to structure a deal in a way that it won’t be a security?
Most people who are into real estate investing are already familiar with syndication and crowdfunding, but there are still those who confuse deals structured as a joint venture with those as a security.
One mistake and you can get into trouble with the SEC. So join us today as Gene Trowbridge educates us about this matter.
Gene Trowbridge has 20 years of experience in real estate syndication and 25 years as a syndication (SEC) lawyer. He is one of the founding partners of the Trowbridge Law Group LLC, where his law practice focuses on the syndication of commercial and investment real estate, through both debt and equity.
In this episode, Gene enlightens us on the legal side of syndication and crowdfunding as he talks about the SEC in line with deals structured in security.
Checkout -- Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 21 minutes from today's episode:
Understand what syndication and crowdfunding are all about as well as how the two works
Discover what security is, how different it is from a joint venture, and learn how to structure a deal in a way that it won’t be a security
Find out the biggest mistakes real estate investors make that later on lead to them getting in trouble with the SEC
Resources/Links:
Learn more about syndication, crowdfunding, and the SEC by visiting the Trowbridge Law Group LLC’s website. Just go to https://trowbridgelawgroup.com/
Topics Covered:
01:02 – How Gene defines syndication and crowdfunding
06:24 – Is there a difference between syndication and a joint venture?
07:09 – Joint venture vs. security: Things the SEC looks at in determining whether it’s a security
10:56 – Joint venture vs. security: Members should all be active investors in order for the deal to be a security
12:54 – Scenario: How to structure a single-family home deal in a way that it won’t be a security
15:17 – Biggest mistakes real estate investors make when it comes to getting in trouble with the SEC
20:23 – Connect with Gene Trowbridge
Key Takeaways:
"There is no difference. A syndication could be a joint venture. It could be a limited partnership [with] two or more people; it could be an LLC – whatever entity you want to combine these people together legally.” – Gene Trowbridge
“If you’re in the deal together, the only way you can do it and not make it a security with two people is you put together an LLC and the two members go forward, making equal and unanimous decisions. That’s the only way you can do it. If you make it a limited partnership, you’re in trouble, because in a limited partnership, there is a general partner, and a general partner, by definition, makes it a security. So it has to be a member-managed LLC.” – Gene Trowbridge
Connect with Gene Trowbridge:
Website: https://trowbridgelawgroup.com/
YouTube: https://www.youtube.com/channel/UClKK5l9ng1bkW-ihHufDgGA
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
22:2205/08/2022
Bad Stuff Happening FOR You Not to You with Elizabeth Kelly
As with most of us, when adversity hits us, we get shaken by it. And we lost focus to the point that all we see are problems preventing us from taking a pause and making the next steps to find solutions.
Instead of asking the usual questions and blaming anyone for what happened, why not ask better questions and, most importantly, make a mindset shift.
Experienced real estate investor for more than 15 years, Elizabeth Kelly has a passion for helping people achieve their financial dreams through the purchase of investment properties.
Well, you've come to the right place.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
Find out how you can turn misfortunes into blessings and opportunities.
Learn to ask better questions so you get more realistic answers and you don't get too disappointed.
Hear about a simplistic way of getting things done, even for just thirty minutes.
Resources:
Learn more about Elizabeth Kelly's Real Estate Investing Courses by visiting her website: https://ekconsulting.ca/
Topics Covered:
01:53 - Why you need to spend time on personal development and not just on real estate development
04:23 - Experiences that teach one to look beyond one's struggle and turn things around amidst seeming difficulty
08:18 - Asking better questions to get more realistic answers
11:18 - How she gets the momentum going for her clients
13:53 - Setting up your week for success
15:21 - Mastering life's transitions for 30 minutes
Key Takeaways:
"There are times when we can ask ourselves better questions to get more realistic answers so that we can plan and prepare." - Elizabeth Kelly
"When we're negative and down in the dumps, and we're catastrophizing, asking ourselves, is this reality? No, it's not reality, it is probably higher, but we don't want to be so. We don't want to be so optimistic that we're no longer realistic anymore. So, there's a balance there. And that's part of the journey." - Elizabeth Kelly
"I want to always set people up for success. And I would rather say let's take 30 minutes a day and have people achieve that goal than telling people they need to spend two hours a day and having that not happen and it destroys self-confidence." - Elizabeth Kelly
"If we can shorten the time it takes to transition into optimum performance in each of those [activities], then we recapture a ton of really valuable time for ourselves." - Elizabeth Kelly
Connect with Elizabeth Kelly:
Website: https://ekconsulting.ca/
Instagram: https://www.instagram.com/elizabethkellyconsulting/
Facebook: Elizabeth Kelly Consulting and Coaching
Email: [email protected]
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
18:4502/08/2022
Why Not to Flip from a 200+ Flipper with Chris Bounds
Flipping is not the path to it when you want time, freedom, and wealth in your real estate business.
But, how do you flip without building another job for yourself and instead create passive income?
Chris Bounds is a real estate investor and Top 0.5% growth leader at eXp Realty with over $65 million in transactions. With his wife Jamie, Chris has used more than $19 million from private lenders and equity partners to flip over 200 properties. Together they have $44 million in assets under management, including close to 400 single-family and multifamily units.
In this episode, Chris advises not to do flipping the traditional way but instead recommends a more clever move to do it without all the headaches while still maximizing your profits.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 16 minutes from today's episode:
Find out how you do flipping without burdening yourself and risk losing your deals
Learn how to become an investing agent, not just an agent, and make tons of money
Find out what other investment strategies to dabble into and get lots of income streams
Resources:
Website: https://www.investedagents.com/community/
Topics Covered:
01:13 - Why Chris decided not to do flipping anymore after having done 200 plus flips
04:21 - Lessons from flipping that he carried over to buying and holding properties for profit
06:31 - What it looks like transitioning from flipping single-family houses to multifamily
08:36 - Teaching agents how to become investing agents
10:21 - Why most agents don't invest
11:45 - How you can engage with Chris
Key Takeaways:
"Flipping is just another job. These rentals that we held, and when we finally would dispose of them to sell them after a three or five-year window, we made so much more money. And the flips were much more of a headache, a lot of timelines, and then when something went wrong, your margins took a hit. You may even lose money on a deal or two." - Chris Bounds
"It's a monster [Flipping] you must constantly feed to keep the machine running. I'm not against flipping. But at the end of the day, you understand it's a job, and you're not building wealth and passive income flipping." - Chris Bounds
"This is why I tell folks, if you need the money, like flipping, there's nothing wrong with it. But at the end of the day, especially in a low inventory environment, if you have the skill set to find good deals and get them at the prices that make sense, hold as many of them as you can because otherwise, you build a job for yourself." - Chris Bounds
Connect with Chris Bounds:
Website: https://www.investedagents.com/community/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
12:2229/07/2022
Use Your Benefits to Your Benefit with Aharon Goins
Not many military people know that they can actually use their VA loans to buy properties that would serve as investments.
If you are one and haven't taken advantage of your Veterans Assistance Loan, this episode is for you to learn how to profit from it.
Aharon Goins is an active real estate investor and retired military veteran. He is determined to help people build generational wealth through real estate for them and their families. Aharon got into real estate because he wanted to get out of the "Rat Race" of working for someone else. And also, to change lives for the better.
In this episode, Aharon shares how he is on a mission to help military people use their VA loan assistance to buy investment properties and earn from them.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 16 minutes from today's episode:
Learn how you can use your Veterans Assistance Loan to create wealth
Find out how you can buy an investment property without putting in any down payment
Hear about ways of partnering with other investors and create successful projects together
Resources:
Want to meet up? Click here: https://allinhs.com/meetup/
Topics Covered:
01:15 - One thing people don't do but are lucrative for them to get into
03:31 - The moment he realized to use his veteran's assistance loan [VA loan]
08:26 - The perfect alliance you can think of for partnerships
04:45 - Using your VA loan to buy investment property
06:21 - Can you have multiple VA loans, and how much cap can you have on a property's value?
09:10 - Making sure you have a strict agreement and signed contract the opportunities in sight as you move from one base to another
11:24 - What's keeping him busy these days in his real estate business
Key Takeaways:
"If you want to get into real estate, or other things, look around the people surrounding you. You just don't know who has knowledge around you. One phone call, one story, one conversation can change your whole life." - Aharon Goins
"You can have multiple VA loans out there. But I think the most popular one is to use it for a year, and then use it again after a year because you have to live there for a year." - Aharon Goins
"Just imagine if you can partner up with one or two people, how much more you guys can accomplish together than trying to do everything by yourself? The power of coming together can really change many things for you." - Aharon Goins
Connect with Aharon Goins:
Website: https://allinhs.com/
LinkedIn: https://www.linkedin.com/in/aharon-goins/
Instagram: https://www.instagram.com/aharongoins/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
12:0926/07/2022
Not Just Tax Deed Profits - Let’s Look at OVERAGES with Jackie Jackson
Are you a real estate investor looking for something you can earn without going through the trouble of flipping, handling tenants, and toilet cleaning?
Let's learn about overages and how you can profit from previous property owners' tax lien surplus assets.
Jackie Jackson has taught thousands of new and experienced investors how to invest in Tax Liens and Tax Deeds in all 50 States in America, along with Tax Deed Surplus recovery, in her "Tax Deed Genius Online Training Program" and tutorials. Jackie is also the author of "You Can Love God and Drive a Bentley," "A Prosperity Guide Straight from the Bible." She is a mother of two. And she has served her country as a Captain in the United States Army for the past 20 years.
In this episode, Jackie shares how you can act as a surplus recovery agent for previous property owners with tax liens’ overages and profit from the process of recovering them.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 16 minutes from today's episode:
Find out the best-kept secret for earning as real estate investors without flipping and toilet cleaning
Learn about surplus assets, their recovery process, and how you can earn from that
Hear about the lucrative part of being a surplus recovery agent
Resources:
Website: https://thejackiejackson.com/
Topics Covered:
01:12 - Understanding Overages
03:26 - States and counties where overages happen and previous owners are eligible for claims
08:55 - How to make money as real estate investors from overages
10:52 - The time it would require to collect overages and what the process looks like
12:03 - Rate you can charge acting as surplus recovery agent [two rate structures you can use]
15:18 - How to find out more about Jackie
Key Takeaways:
"Your compensation is just based on your effort to help them. So, when the funds are collected, you take your fee, anywhere from 20% to 30%, and then the difference is provided over to the former property owner, who is ecstatic and happy. You are ecstatic and happy, and everybody's ecstatic and happy." - Jackie Jackson
"My favorite part is when the people I work with send me copies of their checks. It makes me feel really excited because I know that they help someone in need. Because in order for them to receive their check and compensation, they had to go above and beyond and help someone else." - Jackie Jackson
Connect with Jackie Jackson:
Website: https://thejackiejackson.com/
Facebook: https://www.facebook.com/theJackieJackson/
Twitter: https://twitter.com/TheJackieJShow
Instagram: https://www.instagram.com/TheJackieJackson/
YouTube: https://www.youtube.com/TheJackieJackson
LinkedIn: https://www.linkedin.com/in/thejackiejackson
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
15:5322/07/2022
YouTube Foundation with Aditya Soma
What should you have done when you have nothing to shell out from your pocket but are bent on flipping your current situation?
Here's one guy who doubled down on his real estate investing business and, most importantly, leveraged YouTube to grow his business exponentially.
Aditya Soma is a full-time realtor & investor, and part-time YouTuber. He immigrated to Canada as a student in 2012 with a huge debt and got into real estate in March 2017. He acquired his primary home and did house hacking. Later he bought the ugliest duplex, lived in 1 unit, and rented out the other one. Fast forward five years; now, he owns 44 doors and has been rated as the#1 agent two years in a row for 2020 & 2021.
In this episode, Aditya shares how you can create YouTube content that is most useful to your target audience. Being one who started posting content out of nowhere, now he understands the importance of showing specific posts to a market he focuses on. He also drives home a point of what it means to be always giving value to reinforce the know-like-trust factor of your business.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 14 minutes from today's episode:
Discover how you can grow your real estate investing business by leveraging YouTube
Learn to market your real estate business without spending a ton of money
Hear about carving something unique about yourself that makes you resonate with your audience for them to do business with you
Resources:
YouTube: http://www.youtube.com/adityakumarsoma
Topics Covered:
03:03 - Deep in debt and with a failed construction project
04:38 - Stumbling into YouTube and making success history from there
06:31 - Doing free marketing with YouTube
07:23 - YouTube content that started it all for his real estate business
07:54 - How he resonated with his target audience
09:49 - Earning four times his day job salary and completely wiping out his debts in just a year of getting involved with YouTube
12:07 - How to come up with something unique to connect with your target market
13:38 - How he organically grows his YouTube followers
14:14 - Working out what works for him
15:22 - Advice to would-be real estate investors and professionals in the same industry
17:32 - One helpful resource that would help you out in your real estate business journey
Key Takeaways:
"I started my YouTube channel, and I registered for a license. I don't have that much money to go on marketing different things because this was free stuff. Everyone can post anything. And there, you don't really need money to do it. All you need is different skills to learn, which are editing, posting, and all those things." - Aditya Soma
"People who connected with my story, who connected with me, said, you know, I love to do what you're doing. I would like to buy a rental property with you." - Aditya Soma
"In the first few months, I realized, 'Oh, my God, this is insane.' Because no one is doing this. All you need to do is dedicate your time. And it's free marketing [YouTube]." - Aditya Soma
"That big moment for me was all my debts were cleared after paying the taxes, just with one year. And the biggest, biggest reason is social media, especially YouTube." - Aditya Soma
"There is always an audience, different people who connect with your story, experiences, and knowledge. Because everyone's got something about themselves that other people will like. Trust me, out of 10 people; probably one person will like you. That's all we need to succeed in sales." - Aditya Soma
Connect with Aditya Soma:
Website: https://wincityre.com/
YouTube: http://www.youtube.com/adityakumarsoma
Instagram: http://www.instagram.com/Adityakumarsoma
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
18:1219/07/2022
5 Hour Flipping with Bryce McKinley
Being able to do a five hour flip in real estate sounds so impossible to many, but once you’ve mastered the process, you can actually do it that quick from start to finish!
Do you want to learn what process that is?
Join us today as our guest shares what you need to do to achieve that five hour flip!
Bryce McKinley has been selling since he was eight years old. He has been globally recognized as a top 5 Sales Trainer, Motivational Speaker, and an Independent Consultant for business including Fortune 500 companies such as Ford, Nissan, Tyco, and ADT.
In this episode, Bryce shares his book’s main points as he shares tips – specifically focusing on the two-fold process consisting of seven and five steps, respectively – on how to do that five-hour flip in real estate.
Checkout -- Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 23 minutes from today's episode:
Get a short but on-point summary of what the book The Five Hour Flip is all about;
Find out what steps are there in the two-fold process of achieving a five-hour flip; and
Discover what the acronyms FORM and RAQ stand for and understand why these two play a complementary role with the steps
Resources/Links:
Grab a copy of the “5 Step Process to Flip Real Estate Deals With 5 Hours of Work” e-book. Go to https://5hourflip.com/ebook1
Topics Covered:
01:14 – Two processes on how to do a flip in five hours, as stated in Bryce’s book, The Five Hour Flip
02:12 – The 7-step process when doing a wholesale deal/flipping
08:31 – First two steps on how to have effective conversations and marketing; what FORM is all about
15:41 – Third step of the five-step process of mastering conversations
17:53 – The five-step process’ fourth step; what the RAQ acronym stands for
20:44 – What is step number five?
22:13 – Visit their website: https://5HourFlip.com
Key Takeaways:
"It takes more than five hours, but when you hone in and master the process, it can really only be five hours from start to finish.” – Bryce McKinley
“The number one problem that people have is two-fold – (1) They just don’t hire a coach, and (2) they tend not to trust the process.” – Bryce McKinley
“I don’t recommend having a massive CRM and a massive direct mail. When you’re first starting out, running lean and running fast is the best way to the money, then taking that money and investing it back in.” – Bryce McKinley
“People make it so much more difficult than what it is. Sure, there’s micro-processes on each step, but if you understand the flow of the deal and the process, all of those other things, you just learn with time and repetition.” – Bryce McKinley
“That one standalone Motivation or Money will never be truly solved if you don’t know what is FOR.” – Bryce McKinley
“I don’t believe that people will always do business with people they know, like, and trust. They do business with people they know, they like, or trust, but they always do business with people that have a similar belief system. When they know that you care, they will care about what you know.” – Bryce McKinley
“It’s not what you say; it’s how you say it.” – Bryce McKinley
Connect with Bryce McKinley:
Website: https://5HourFlip.com
Facebook: https://www.facebook.com/CoachSharpen
Instagram: https://www.instagram.com/coachsharpen/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
23:4915/07/2022
Do You Want to Syndicate or Start a Fund with Seth Ferguson
Do you want to explore the world of real estate investing better?
Have you always wanted to become a passive investor?
Seth Ferguson is the founder of real estate investment company Multifamily Real Estate Investments Inc. that provides investment opportunities for high net worth individuals by acquiring and improving underperforming apartment buildings. A 13-year real estate veteran, Seth is the host of a cable TV real estate show, the host of a real estate investing podcast, and the founder of The Multifamily Conference.
In this episode, Seth explains the difference between real estate syndication and real estate fund as he shares its process and how important lead magnets are.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
Be able to differentiate real estate syndication and real estate fund;
Understand the process of how syndicating a deal works; and
Find out how important lead magnets are when it comes to attracting investors.
Resources/Links:
Grab a copy of the quick start guide for multifamily investing. Just go to https://multifamilyconference.ca/quick-start-guide
Topics Covered:
01:04 – Seth defines and explains what real estate syndication means
02:48 – On what deals does syndication work best?
04:22 – How much it costs to set up a syndication these days
05:29 – Things to consider when thinking of doing syndication
07:00 – What a real estate fund is all about
09:52 – Difference between real estate fund and REIT
11:19 – The process of syndicating a deal
13:48 – The role lead magnets play when you’re looking for investors
15:29 – Connect with Seth Ferguson
Key Takeaways:
"One thing most people don’t realize is that in a joint venture type of arrangement, both parties are considered active, so their risk is unlimited in that deal.” – Seth Ferguson
“The cost of setting up a syndication is going to be born by the syndication.” – Seth Ferguson
“You have to make sure that you’re able to deliver what you’re promising your investors. If you can’t make that happen, then maybe you have to go back to the drawing board and think of another way to do it.” – Seth Ferguson
Connect with Seth Ferguson:
YouTube: https://www.youtube.com/c/sethferguson
Website: http://www.sethferguson.org/
Website: https://multifamilyconference.ca/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
17:1112/07/2022
Skip the Flip with Hayden Crabtree
As the book Rich Dad Poor Dad says, when we’re young, we need to work to learn and not to earn. But how is it that someone as young as a 25-year-old already got so ahead in the field of real estate investors?
Most people in the real estate world are just so busy with the flips that they ignore all the stress in exchange for the huge profit. But is it really worth it? How do we really invest to live the life of our dreams?
Remember, the goal is to build wealth and cash flow through real estate investing. Join us today and be able to change your life forever.
Hayden Crabtree is a best-selling author, a Self Storage Investor, and a Developer. He is the Founder of My Property Stats, the all-in-one toolkit for real estate investors.
In this episode, Hayden shares how he’s gotten successful even at such a young age of 25. Here, he explains why people should ‘skip the flip’ as he discusses the principle that helped him do great things in real estate investing.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 19 minutes from today's episode:
Discover what’s the most important thing to practice when looking for mentors in any field;
Find out why people should ‘skip the flip’ in line with the biggest myths there is in real estate investing;
Understand why confidence is huge in achieving one’s goals, especially when it comes to generating income through real estate
Resources/Links:
Grab a FREE copy of Hayden’s book, “Skip The Flip: Secrets The 1% Know About Real Estate Investing That You Don’t”. Go to https://haydencrabtree.com/freebook. For physical copies, visit Hayden’s Amazon
Check the all-in-one toolkit Hayden made for real estate investors. Visit https://mypropertystats.com/
Topics Covered:
00:37 – Hayden’s backstory on how he got into real estate
01:13 – Reading Rich Dad Poor Dad and meeting his first ever mentor
03:32 – What did Hayden’s mentor have him do during their days together?
04:47 – Hayden answers the question: Why should people ‘skip the flip’?
07:23 – Ads
07:57 – The most common and biggest myths in the field of real estate investing
08:59 – Cash flow as Hayden’s favorite form of income through real estate
09:55 – How Hayden’s personal investing journey went as soon as he started working on his own deals
11:14 – What is Hayden’s definition of ‘commercial’ investing?
11:54 – The principle that allowed Hayden to do great things in real estate
14:43 – My Property Stats: On starting a software company
17:39 – Grab a copy of Hayden’s “Skip the Flip” book
Key Takeaways:
"A huge key to finding a mentor is providing value, and not taking and draining away from somebody who is successful’s energy and time.” – Hayden Crabtree
“What a lot of people do is they want to get there, but they think to themselves, like ‘I can’t do that; I have to do this, and this, and this before I can get there.’ But what they don’t realize is that it’s the same exact thing. There’s just one or two more zeros on the ins of every check. It takes the same amount of time. It’s the same amount of energy. It’s just the same.” – Hayden Crabtree
“Confidence is huge; believing in yourself, believing in what you’re doing and the risk that you’re taking.” – Hayden Crabtree
“You don’t have to be a rocket surgeon in order to be a real estate investor, and that’s one of the beautiful things about it.” – Hayden Crabtree
Connect with Hayden Crabtree:
Website: https://haydencrabtree.com/freebook
Instagram: https://www.instagram.com/haydencrabtree/
Email: [email protected]
YouTube: https://www.youtube.com/channel/UCvyhZSGfQpsg2CJ0iYgoLRA
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
19:1808/07/2022
Making Yourself Replaceable with Abbas Mohammed
Do you want to buy back time and still earn millions with real estate investing?
Why not try delegating instead of multitasking?
Abbas Mohammed is a Real Estate Investor with over 1500 apartments and top 50 agents with Remax Nationwide. Abbas grew his business leveraging 25 full-time virtual assistants!
In this episode, Abbas shares how he scaled his business from 350,000 a year to millions of dollars in just two years by installing systems and hiring virtual assistants. He also shares how his success with hiring VAs led him to create a course on how to hire virtual assistants without having to spend more.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 18 minutes from today's episode:
Learn how to scale your business to millions with systems
Find time freedom by employing virtual assistants
Hear about a way to leverage time and produce more without having you do all of the tasks
Resource:
Use the Code ‘VA’ to get $500 off to enroll in the course, “Discover the ‘Formula’ for Building Time-Saving VA Systems to Remove Yourself Out of the Day-to-Day Operations”. Click here: https://theabbasgroup.com/va-program/
Topics Covered:
01:17 - Backtrack to what led Abbas to real estate investing
02:56 - Cold calling to his first investment profit
03:34 - Becoming the top agent of the year in the Bay Area
04:11 - Systematizing his business with virtual assistants
07:24 - What virtual assistants do to help scale his business
10:50 - Wrong notion of people when hiring VAs
12:48 - Creating systems and business processes
14:42 - A course on how to hire Virtual Assistants
17:17 - Where he spent his time now in his real estate business that's a money-making machine for him
Key Takeaways:
"I knew I was doing something wrong. I went out to systematize my business. And that's when the virtual assistants started working. And what I did is I went out to systematize my business. I just simplified every little step of everything that I did. I bought eight hours of my time back." - Abbas Mohammed
"I went from having four virtual assistants to now having 25 virtual assistants. And my business went from making 350,000 before hiring a single one to make $2 million within less than two years, which was incredible." - Abbas Mohammed
"You're just leveraging your time; you're leveraging your ability to produce more. And the more people I added to my business, the more my income grew, and the easier my life became because now it's like, just sit back. And I could focus on actually growing the business versus just being time constrained." - Abbas Mohammed
"People think that they're special, and they're just this great person that could only do the task. But the reality is, we're all replaceable. If you could do it, why can't somebody else do it? What a lot of people have is that they don't have the right systems in place. And people run their businesses based on their gut feelings, not based on actual procedures where they could just pop somebody in, and they follow the same exact procedures you were doing." - Abbas Mohammed
Connect with Abbas Mohammed:
Website: https://theabbasgroup.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
17:5405/07/2022
Bodacious B-Class Self Storage with Jay Bowman
Are you looking for something to invest in where you do away with all the long-term commitment to tenants and the utilities involved in running and managing a business?
Well, you've come to the right place.
Jay Bowman lives in Kentucky, married with two kids. He is a former SFR rental purchaser, and rehabber turned self-storage investor.
In this episode, Jay shares how you can replace a day job's income with a few self-storage facilities. And depending on the lifestyle you want to achieve; you can always add up more.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 14 minutes from today's episode:
Find an investment strategy that lets you operate with speed and ease.
Discover how this portfolio is a good source of steady cash flow without expensive maintenance.
Hear about how you can have a lien on an individual's stuff and have it auctioned in a matter of days, completely rent it out to someone else when there is payment default
Resources/Links:
Website: https://www.gobeyondstorage.com/
Topics Covered:
00:41 - How A, B, and C storage facilities differ from each other
02:07 - When and what made him venture into storage facilities
02:57 - Number of square footage they have with the four facilities they own
04:27 - The process of getting to one's storage facility unit and when do these facilities needed
06:19 - Benefits of switching to self-storage facilities
09:22 - What more is there to love about self-storage facilities
11:39 - The number of facilities to own to replace your day job income
13:11 - Where to find Jay
Key Takeaways:
"In a single family, you have evictions. If you're in major cities, we don't have eviction laws in self-storage; we have lien laws. So, the moment somebody does not pay, you can go by that state's lien law." - Jay Bowman
"We like to keep it simple. I think that we're going to see many people in the future start moving towards investments where simplicity rules. There's just a lot of cash, a lot of ease; it's a very in and out type of business. While residential is not that way." - Jay Bowman
"What used to be digging through a very small pile of coal to find a diamond, nowadays, through a very large pile of coal is the value that has really just gone up." - Jay Bowman
Connect with Jay Bowman:
Website: https://www.gobeyondstorage.com/
Facebook: https://www.facebook.com/jaybowmanREI
Twitter: https://twitter.com/jaybowman
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
13:1401/07/2022
Scaling Your Portfolio through Partnerships with Ellis Hammond
Funding your own deals is good at the start, but you can only go so far with a few deals. Getting into bigger deals requires more significant funds, where raising capital comes into play.
And that's not an easy part to do. But how can you mobilize funds without sounding desperate for that?
Through his vision and leadership, Ellis Hammond has led Symphony Capital Group to acquire more than eighty-seven million dollars of commercial and multifamily real estate in 2021. He is also the founder of Kingdom REI, a mastermind and coaching community for faith-driven real estate investors who want to multiply their real estate portfolio, income, and impact through joint ventures and collaborations.
In this episode, Ellis shares how he made the most of his experience as a pastor -- the people he built relationships with, banking on their trust in him, sharing his faith and many things of value to other people he meets. All those help him pool funds together and scale faster.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 18 minutes from today's episode:
Learn how you can dive into bigger deals with borrowed credibility and borrowed capital funds
Find out how you can leverage relationships to scale your real estate business
Discover a mindset around raising money without sounding creepy
Resources/Links:
Website: http://symphonycapitalgroup.com/
Topics Covered:
00:49 - What's his primary strategy, and how building relationships get him to where he is today with his portfolio
03:11 - How to successfully raise capital for your deals
05:28 - What he would have advised himself when he just started
07:21 - Emulating the GP model and what it is all about
10:02 - Responsibilities and profit sharing in the GP model
13:31 - Raising funds without sounding like it
16:24 - What he is up to these days
Key Takeaways:
"We bought our first duplex, and nine months later, we partnered on our first multifamily deal, which was 144 units. Not that we don't want to take a whole lot of credit for that deal, because we didn't do a whole lot except leverage our relationships to provide equity for that deal." - Ellis Hammond
"The thing that I think has made me successful in both arenas [being a pastor and entrepreneur] is the ability to communicate a vision and communicate value to folks." - Ellis Hammond
"I think that confidence and that mindset is the best advice I can give to someone [in raising capital]. See yourself as a person of value. " - Ellis Hammond
Connect with Ellis Hammond:
Website: http://symphonycapitalgroup.com/
Twitter: https://twitter.com/ellis_hammond
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
18:1828/06/2022
Property Management from a Distance with Sharad Mehta
Even with a manager around, you still have to oversee your properties from a distance. And that entails some challenges and much work, especially when doing it all by yourself.
How do you make things manageable and everything working without micromanaging your managers?
Sharad Mehta has done over 400 deals in the last six years since he became a full-time real estate investor, and over the years, he has developed systems to automate many parts of his real estate investing. Sharad is a very active investor in the Lake County, Indiana market. Using the systems that Sharad has developed, he is able to manage 3-4 rehabs a month from a distance.
In this episode, Sharad shares how he believes in systems and processes to run the business and to have all the checks and balances, so you know what's working and what is not. And improving those that don't, especially where managing properties from afar is concerned.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 12 minutes from today's episode:
Find out tips on how to hire property management companies and how to manage them from a distance
Learn about the benefits of employing systems and processes to run your real estate business
Discover a marketing software tool for real estate investors for a data-driven lead management
Resources/Links:
Website: https://resimpli.com/
Topics Covered:
00:45 - Investment strategy he delves into
00:59 - Why he transferred to live in Canada from the US
01:29 - Differences and similarities between investing in Canada and the US
02:40 - Running and managing a business in the US while living in Canada
03:49 - The challenge of self-managing your properties
04:55 - Why he is big in systems and processes with all the checks and balances in place
06:27 - How his properties are being managed
06:51 - Tips for choosing a management company
08:39 - Managing managers from a distance
10:07 - What is his software program all about and how does it help real estate investors?
10:40 - Which investors are the software focused on?
11:11 - Where to find Sharad
Key Takeaways:
"It's a better market to invest for rental in the US. But for long-term appreciation, I see a greater market to invest in Canada." - Sharad Mehta
"We're trusting the process. And if something doesn't work in the system, then the goal would be, okay, let's just go in and improve one step in the process rather than get overwhelmed with the entire process." - Sharad Mehta
"I'm big on that [systems and processes]. It's about just trusting the process. That's the only way we know things are moving forward." - Sharad Mehta
"How to manage the managers would be; I would definitely review the property management document that they provide you. And then be very clear about the maximum the property management company can spend without getting your approval." - Sharad Mehta
Connect with Sharad Mehta:
Website: https://resimpli.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
11:2124/06/2022
Real Estate Branding with Paul Copcutt
When everything else looks the same, and the price and quality are similar; how do you get yourself differentiated and be chosen from the rest?
That's where branding comes in. And when truly dialed in, that's what makes all the difference.
Paul Copcutt is a 15-year personal brand strategist, speaker, and podcast host whose personal branding insights have been featured in Forbes, Reuters, The Wall St Journal, Globe & Mail and Financial Post.
In this episode, Paul shares how you can let people distinctly know what you do, who you do it for, and why you're different, and be not just a brand but a differentiated brand.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 18 minutes from today's episode:
Find out that one valuable tip on dialing into the emotional attributes that make you unique and help differentiate you from the rest
Discover helpful resources that make an excellent place to start thinking about branding yourself
Learn how personal branding works for a real estate investor for people to choose to work with you over many others who offer the same thing
Resources/Links:
Website: https://reibranded.com/
Topics Covered:
00:46 - Defining branding
01:32 - Branding from a real estate investor's point of view
04:47 - Why it's hard to distinguish one's strength
05:31 - Finding that one attribute that sets you apart from the crowd
10:12 - How branding works for real estate investors who do the same things as the others
13:06 - Successful branding case study
16:05 - Getting yourself started on the whole branding idea as a real estate investor
Key Takeaways:
"What the listener needs to get clear on is, what are the emotional attributes underneath that differentiate you from somebody else? - Paul Copcutt
"You don't need to be funny or quirky to be a good flipper. But it differentiates you. If the listener thinks about any brand they know or love, chances are, it's not about the product or service they're buying. It's the emotional connection they've made to that brand." - Paul Copcutt
"Your emotional attributes will be why somebody wants to hire you, work with you, or loan new investment money versus somebody else because they've made that emotional connection. And equally, sometimes, that emotional connection is not there, and it's not a good fit. And it's equally good to know that and go away from the project because it will be a nightmare." - Paul Copcutt
"If you can get very clear about what it is you do, who you do it for, and why you're different, hopefully in 10 to 12 words, that's easy for somebody to remember." - Paul Copcutt
Connect with Paul Copcutt:
Website: https://reibranded.com/
LinkedIn: https://www.linkedin.com/in/paulcopcutt/
Facebook: https://www.facebook.com/paulcopcutt/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
16:3021/06/2022
UK vs North America Investing with Gary Spencer-Smith
Getting some perspectives on all the options available makes you evaluate your risk appetite and assess where you feel you work best and grow more.
Having experienced both worlds, the UK and Canada, it's best to hear what works and what doesn't for each country. Knowing the most lucrative market to get into also helps, so you get the most of your time and investment.
Gary Spencer-Smith served in the Royal Navy for nearly 11 years, and emigrated to Canada in 2007. He started investing in 2005 in the UK, and 2008 in Canada, and has been a full-time investor since 2012. Gary now owns and manages a portfolio worth over 12M. This includes single-family suited homes (his bread and butter), large commercial spaces, and a lakefront holiday resort on Vancouver Island, consisting of 12 houseboats, two houses, cottages, and a pub and restaurant.
In this episode, Gary shares what investment portfolio affords him the lifestyle he wants as he talks about his approach to how one continues to build wealth in real estate.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
Find out an investment portfolio that allows you to live and work at the same time in a space where most people can only imagine
Learn about one capital-attracting strategy
Discover a three-step strategy that helps create wealth in real estate
Resources/Links:
Website: http://www.revnyou.com/
Topics Covered:
01:59 - How he found his path in real estate
02:22 - Gary's main investment strategy
04:49 - Another promising investment portfolio
07:01 - Gary's capital-attracting strategy
07:34 - Three-step strategy to creating wealth
09:43 - Similarities and differences between investing in the UK and Canada
13:21 - What is RevNYou all about, and their networking style?
15:55 - How to reach out to Gary
Key Takeaways:
"I remember sitting someone saying, I can tell you how to make a million dollars in real estate, and they were like, 'Oh!' Why don't you buy four houses between 50 grand each, rent them out for 20 years and pay the mortgage down? There's a million bucks, no rocket science. And that was pretty much how I attracted capital within my network." - Gary Spencer-Smith
"I can create myself a job. That's where we did the property management; I can do jobs within real estate; I pay myself an hourly rate to fix stuff and build and renovate and all that kind of stuff. And then I create some wealth on the back end. So, it was like a little three-step strategy that I had." - Gary Spencer-Smith
"A lot of us get sold on the latest shiniest thing that you follow, and you're spending money on, and a lot of the times we forget as I did to take a step back and let real estate fund the life that you want to live." - Gary Spencer-Smith
Connect with Gary Spencer-Smith:
Website: http://www.revnyou.com/
Facebook: https://www.facebook.com/revnyou
YouTube: https://www.youtube.com/c/RevNYou/featured
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
16:2517/06/2022
Tackling Turnkey Properties with Eric Martel
Business in its infancy is never easy, especially when you don't have a good amount of capital.
But you can always overcome those struggles like our guest today who bought his first property with no money, only armed with a financing strategy.
Eric Martel is an Entrepreneur, Author, Public Speaker, Real Estate Investor, and Founder of MartelTurnkey.
In this episode, Eric shares how he started and got interested in investing in real estate by learning from someone he considers his mentor and by buying his first property without shelling cash. Later, he delves into turnkey rentals turning this business into a family legacy.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
Find out financing strategies for your deals even with no capital funds.
Hear about how to create a legacy business for your family.
Learn about an investment strategy with reduced risks from the investors' perspective.
Resources/Links:
Get Eric Martel's book 'Stop Trading Your Time for Money. Click here: https://marteleric.com/book/
Topics Covered:
00:48 - Eric sharing his real estate journey
01:22 - What is Actuarial Mathematics?
01:59 - Finding mentors and starting real estate investing from there
03:15 - Financing strategies you can do
04:17 - The issues surrounding vendor take backs
06:08 - Taking control over your own money
06:59 - Getting started in out-of-state rentals
09:15 - How the Martel Turnkey started
11:27 - Markets for his turnkey rentals and the selling price
12:28 - Monthly net cash flows for these turnkey rentals
13:39 - Why is he focusing on selling turnkey rentals rather than holding them off for the long-term?
Key Takeaways:
"There are all kinds of different ways to bring money into the equation through a joint venture through all kinds of different things." - Eric Martel
"I'm in a unique position that most people are not. I have two adult children, and they are in the business with me. I have my legacy and my kids are going to take this over. So, they're building something bigger." - Eric Martel
Connect with Eric Martel:
Website: https://marteleric.com/
Facebook: https://www.facebook.com/eric.martel.ca
Twitter: https://twitter.com/e_martel
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
14:5014/06/2022
Be a Real Estate RHINO with Frans Calderon
Fear is the one thing that's keeping most of us from getting started. And part of that reason is one's idea of perfecting everything before starting. And that is not helping and getting us anywhere.
The same thing with real estate; it is only with taking action, even how imperfect they are, that we move along and get things to happen.
Frans Calderon came from Colombia, South America in 2008 with the intention to learn to invest in real estate. He purchased his first property in 2009 and since then his real estate business has been growing. Now he owns more than 50 rental properties, and works in multifamily and development deals.
In this episode, Frans shares how he overcame fears to start a real estate investing business as he relates his own story of not knowing anything much about real estate when he started. He underscored the idea of seeking help and stuffing himself with knowledge through mentors and by securing an education on related matters. And that is how he managed to stay afloat and become successful in a completely new place in real estate.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 21 minutes from today's episode:
Learn how to sell your property and profit fully from it without paying capital gains taxes
Find out how you can buy properties even when you are new in the country and have no credit rating to back you up
Discover how a complete newbie learn the ropes of real estate and profit from his first property investment three times more
Resources/Links:
Website: https://www.rockrei.com/
Topics Covered:
01:43 - What influenced his entry into real estate
03:54 - Taking massive actions and buying his first property in the US
05:52 - How he bought a property in the US even with no credit rating to back him up
10:37 - How he sold his first property without paying capital gains tax and using it to buy
one property after another
11:59 - How his salary as police officer back in Columbia pales in comparison to what he's earning in real estate
13:11 - The struggle of most people in not pursuing real estate and what makes immigrants dare to jump in where many don't do
16:31 - His mindset about taking actions especially where real estate is concerned
18:09 - What mistakes are teaching us
Key Takeaways:
"I think what is stopping most of the people is the fear. They have false beliefs that create the fear that this is not possible." - Frans Calderon
"One reason [why immigrants overcome fear of getting into real estate] is because many times we have to overcome many fears to come to another country." - Frans Calderon
"Take massive, imperfect actions." - Frans Calderon
"You need to learn to be a rhinoceros; you just need to be charging with all the power because if you try to have everything perfect and under control, you will never do anything." - Frans Calderon
Connect with Frans Calderon:
Website: https://www.rockrei.com/
YouTube: https://youtube.com/channel/UC7lRuy_qPOQN3XWlsgIHheASpanish:https://youtube.com/channel/UCTaz3c4SLlruYGm4FXYFWqg
Facebook: https://www.facebook.com/100009078807903
Facebook: https://www.facebook.com/TheCharlestonREIA
Facebook: https://www.facebook.com/groups/10xREI/
Instagram: https://www.instagram.com/franscalderonrockrei/
Instagram: https://www.instagram.com/thecharlestonreia/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
19:1810/06/2022
Short Term Rental Communities with Taylor Welch
With the world slowly opening up and businesses wanting to bounce back from the hard effects of COVID-19, it's worth putting your money that allows a lucrative return.
That’s why it is a good idea to invest in a property portfolio that provides short-term rental income and has a broad market exposure which presents a winning angle in both short and long-term perspective.
Taylor Welch is the CEO of Traffic and Funnels, author of 3 best-selling books, international speaker, entrepreneur & creator of the #1 rated sales training program with thousands of clients trained globally (The Sales Mentor). Taylor has advised & serviced nearly 50,000 individual businesses worldwide and took his real estate investment company, Wealth Cap Holdings, from 0 to 8 figures in lightning speed. All three in-house brands produced multiple eight figures in less than 5 years.
In this episode, Taylor shares the market craze going around these days. He considers it a good investment portfolio to get into now because of the cash flow from the short-term rentals that you can benefit from and the promising multiple exit strategies available as your recourse.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 18 minutes from today's episode:
Learn about an asset class that is the market craze now and will stay for a significant time
Find out an investment strategy that provides multiple exit strategies, so you get supplied with lucrative options
Know how to scale faster in your real estate business without sacrificing quality and cutting corners
Resources/Links:
Check out Taylor's menu of different projects: http://taylorawelch.com/links
Topics Covered:
01:06 - How Taylor got thrown into the real estate space
03:30 - The two main trends these days that give rise to the short-term rental community
05:14 - Promising markets for short-term rentals
06:14 - Choosing to build short-term rentals in the secondary and tertiary markets.
10:07 - Sharing his experience handling turnkey properties
13:34 - How to scale faster without cutting corners
16:28 - Where to find Taylor and what he's up to these days
Key Takeaways:
"Right now, in the US, it's like you have to go to the secondary, tertiary markets, to find markets that cater to healthy job growth and population growth at the same time. It's the secondary and tertiary markets that aren't necessarily as prime. But they cater to a wide exposure of different people." - Taylor Welch
"I am always looking at shortcuts, not in actually cutting corners. But what areas could I do this faster without sacrificing quality, without increasing my risk exposure? I would recommend finding ways to accommodate partnerships." - Taylor Welch
"Partnership allows you to appear bigger than you are, and take advantage of it. Don't go solo for the rest of your life." - Taylor Welch
Connect with Taylor Welch:
Website: http://taylorawelch.com/
Twitter: https://twitter.com/taylorawelch
YouTube: http://www.youtube.com/c/taylorawelch
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
16:3107/06/2022
Getting Started with Single Family Homes with W. Rick Harris
Why hand over your hard-earned money to someone else to grow it when you can do it yourself and control how much you want to increase it?
That's precisely what this episode is about, investing in real estate, particularly buying single-family homes and making things work amidst the rising market situation.
Rick Harris is an investment real estate author, coach, and consultant who helps investment real estate investors to boost their real estate purchasing and renting ability.
Drawing on twenty years of investment real estate experience, Rick reveals the strong financial foundation, sustainable wealth, and living legacy that investment real estate can bring to our lives. In his debut book, 31 Days to Purchasing and Renting Your First Investment Real Estate Property, Rick demystifies the real estate purchasing process and expertly guides readers through the steps to starting their own investment real business: identifying the right type of property to purchase, putting the deal together, obtaining financing, setting up a proven cash flow and marketing system, and much more.
In this episode, Rick shares how you can grow your retirement fund faster, choose your lifestyle, and even pay your mortgage quicker by investing in single-family homes.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
Find the magic in buying and investing in single-family homes and make things work despite the increasing market price
Hear about the portfolio you need to have and get started with to prepare you for retirement
Know about the tips to help you bail out your mortgage faster and quicker
Resources/Links:
Get your FREE Business Plan Startup Checklist and get a copy of the book: 31 Days to Purchasing and Renting Your First Investment Real Estate Property by Rick Harris. Click here: https://www.vaulttoinvestmentrealestatesuccess.com/
Topics Covered:
00:56 - How Rick started a side hustle in real estate
02:32 - What investing strategy did he first focus on when he started investing in real estate?
04:40 - Making things work by buying single-family homes amidst rising market price
08:27 - Uber rising your investment
09:28 - What he would have done differently early on when he first invested in real estate
11:37 - A good portfolio of properties that will hugely set up your retirement fund and a lifestyle you want
Key Takeaways:
"I had all the bells and whistles, a defined benefit pension, RSPs, OAS, CPP, outside investments, but I really had just turned the money over to other people I didn't have any control. And I was looking for that one specific thing that I could actually do that I felt I had some control over. And investment real estate, when I did my research fit that bill." - Rick Harris
"What would I do differently if I was to start over again? First of all, I wouldn't buy the white picket fence; I would buy a duplex or a bungalow. And the other thing I do is I would go and get a part-time job, even if it was three hours a week, and put that money down towards the principal." - Rick Harris
"Don't give up your day job, don't give up your career; you have to have a comfort level. And I'm also not suggesting having all your eggs in one basket. I didn't grow up with that philosophy, I think you should be diverse." - Rick Harris
Connect with Rick Harris:
Website: http://www.vaulttoinvestmentrealestatesuccess.com
LinkedIn: http://www.linkedin.com/in/wrickharris
Facebook: https://www.facebook.com/vaulttoinvestmentrealestatesuccess/posts/
Twitter: https://twitter.com/vaulttosuccess/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
15:0903/06/2022
Real Estate Bio-Hacker with Fernando Aires
Fernando Aires is a Financial Independence coach helping clients reach their ‘Financial Independence Day’™. He achieved his own financial independence through real estate income investing after retiring from Corporate America, designing computer chips in the tech industry for over25 years, most recently as a Senior Manager at Apple. Fernando is a biohacker, certified BulletProof®coach with the Human Potential Institute at BulletproofExec.com.
In this episode, Fernando shares how he managed to earn his day income by dabbling in real estate for two years. With the time and financial freedom that he got, along came his entry into the biohacking space and how it enormously benefited him health-wise.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn from today's episode:
Learn how to replace your day income in a short period of time
Find out a lifestyle that makes you stay healthy, making you feel young and energetic to last a long time
Find out the biggest bio-hack that saves you money but makes you young biologically
Resources:
Website: https://fernandoaires.com/
Topics Covered:
01:36 - Transitioning to real estate from a very high-paying job and replacing his day income in just two years
04:01 - What his investment portfolio consists of
05:32 - Concentrating on the philosophy of dying young and living a long time
06:32 - The turning point leading to the biohacking space
09:16 - What is Biohacking all about?
12:35 - The biggest bio-hack of all and the huge benefits you can reap from that
14:41 - What Fernando's diet looks like
17:52 - The reason he sticks to a healthy lifestyle and how he overcomes doing things otherwise
21:50 - Netflix health documentaries that are worth watching for
Key Takeaways:
"I started to replace the income that I had at Apple with rental income from real estate. I pretty much had to replace about half of my gross income that I had at Apple." - Fernando Aires
"I incorrectly thought that I could be healthy and eat whatever I wanted and just survive with so much exercise. And you can never do that; you can never get healthy by not eating correctly." - Fernando Aires
"Fasting is the biggest bio-hack of all. It's a cleansing. No wonder all religions or cults in the world have some fasting period. It's truly both a mental and spiritual but also a physical cleansing that happens." - Fernando Aires
"You need to have the discipline that has proven that I am many years younger biologically than I am chronologically. All of that proves that it works, and I feel great and still play soccer at a high level. I travel, and I am constantly being told that I don't look my age. It kind of itself propels you into staying in that mode." - Fernando Aires
Connect with Fernando Aires:
Website: https://fernandoaires.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
19:5831/05/2022
Educating People into Investing with You with Sarah Sullivan
Sarah Sullivan is the founder and owner of SuGo Capital, an investment company that connects investors to a strong passive income via real estate. SuGo Capital consistently offers hands-off investment opportunities for accredited and non-accredited investors. Sarah's passion in life is sharing her knowledge around real estate! SuGoCapital currently has 1800 units and over $180MM worth of assets under management.
In this episode, Sarah shares what helped her grow her real estate business faster and accelerated her portfolio exponentially. She touched on her style of marketing, the kind that educates and lets people see you as the expert in your field, giving them the reason to know, like, and trust you.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn from today's episode:
Find out the two key things that made it possible from nothing to an enormous portfolio size in a short period
Learn how you can enjoy not only time freedom but financial freedom all at once
Discover a marketing strategy that positions you as knowledgeable in your space even with less experience and earns people's trust and confidence
Resources:
Website: https://sarahs360.com/
Topics Covered:
01:14 - From having a great job to an impressive portfolio in a short timeframe
04:24 - How long it took her to acquire financial independence
05:25 - Making it possible to scale faster
06:01 - Her idea of marketing that works much to her advantage
06:46 - Being intentional in every marketing event she does
10:18 - Simplifying your language when educating people
11:31 - How to make sure you're not breaking laws when it comes to raising capital for your deals
13:11 - Taking a look at her CRM process
13:53 - What her online lead generation events look like
15:24 - One best thing you can do to grow so much faster in real estate
Key Takeaways:
"You can learn all the strategies you want. But if you don't have investors, and you don't have leads, you don't have clients, then you don't have a business. I had a great investment product, but I didn't have people. So, I hired a marketing coach. And then everything blew up." - Sarah Sullivan
"Educate, educate, educate. Let people know how much you know. And so, even though you may not have a ton of experience in everything, there's something that you know a lot about. And then they're going to realize how smart you are in that area. And then that grows trust and competence." - Sarah Sullivan
"Be intentional with each event. Is the purpose to build trust, is the purpose to educate? And you want to make sure that in your series, you're building trust and building education. And also, another really key thing is to educate while you're not asking them to invest." - Sarah Sullivan
"You don't want to be asking someone to make an emotional decision while they're learning at the same time." - Sarah Sullivan
"Partner earlier because two heads are better than one, like trying to do it on your own. I have a very specific set of skills and someone else has very complementary skills and what they like to do and are good at, so let's partner, and we'll do eight times as much together as I would do on my own." - Sarah Sullivan
Connect with Sarah Sullivan:
Website: https://sarahs360.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
15:4727/05/2022
Making a Full-time Passive Income Without Being a Full-time Investor with Casey Franchini
Casey Franchini is a real estate investor, rental property coach for newbies, wife, and mom to 3 small kids. She makes a full-time passive income from rental properties without full-time investing and teaches others how to do the same.
In this episode, Casey shares how you don't need to have hundreds of properties to earn a full-time income. She talks about what she believes and does regarding her multifamily rental properties, making and netting a good amount of cash flows every month.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn from today's episode:
Find out the number of properties that will give you the financial independence that you want
Discover a real estate philosophy and strategy that will give you a full-time income even when you're just a passive investor
Hear about her techniques when buying rental properties that give her a good amount of cash flow now and in the future
Resources:
Website: https://www.brickbybrickwealth.com/
Topics Covered:
01:06 - How those fun times seeing open houses led to real estate investing
02:21 - Finding her niche with flippers
02:52 - Uncovering a gold mine in rental properties when moving to Tennessee
04:13 - Sharing her philosophy and real estate strategy
06:38 - What she teaches and preaches about multifamily properties she invests in
07:25 - Not adding on but finding added value potential to the properties
10:22 - Her thoughts on the financial independence number
11:27 - Number of properties you need to gain a full-time income
12:30 - Goal in terms of when to buy properties
14:31 - Keeping specific percentages to equity and refinance on her properties
15:15 - Student success stories
16:25 - What does she think of hiring property managers?
17:56 - Setting up your team: the essential people you need to have and the red flags to watch out for
Key Takeaways:
"My strategy is to buy properties with your hard-earned money. Put your 20% down and buy in a very appreciating area with good cash flow now and good cash flow growth potential for the future and just let them be cash cows." - Casey Franchini
"I like to buy properties that once I do the hard work of buying them, fixing them up with quality repairs, materials, and putting a tenant in place. That's it; I'm done, and the property will appreciate, increasing my net worth, while I sleep." - Casey Franchini
"People don't realize that you only need a handful of properties to make a full-time income." - Casey Franchini
"A couple of skills to learn, you need to learn one, you just need to learn how to do it one time. You're not constantly relearning things all the time. And then you can go out and do it over and over again." - Casey Franchini
"Find an investor-friendly agent that works in the area you're looking in because you can need those potential off-market or pocket listings and the help with rental comps and things like that." - Casey Franchini
Connect with Casey Franchini:
Website: https://www.brickbybrickwealth.com/
Instagram: https://www.instagram.com/brickbybrickwealth/
Twitter: https://twitter.com/brickbybrwealth
YouTube: https://www.youtube.com/c/brickbybrickwealth
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
20:5624/05/2022
Superior Off Market Lead Gen with Jason Palliser
With 25+ years of experience, Jason Palliser has perfected the front end of real estate investment. His 2 Day Investment Blueprint delivers 30+ direct responses off-market funnels to take over markets across America. The Blueprint has produced thousands of homes in 138+markets for hedge fund level companies. He sold a multi-million dollar real estate investment automation company that is still used today by some of the country's largest real estate education companies.
In this episode, Jason shares how any of his 34 off-market lead generation strategies get you faster to the best deals than everybody else, even against big competitors. Whether you have a big or small market size, his techniques work for both. And they also work well, even those with low budgets, part-time and newer investors.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
Learn multiple off-market lead generation strategies that will help you beat everybody else to the good deals
Discover one off-market lead generation tactic to close the best deals
Find out how you can compete with the biggest competitors in town even with low budget
Resources:
Website: https://www.2dayblueprint.com
Topics Covered:
01:13 - How his job paved the way for real estate investing
02:16 - Talking about his 2-day off-market blueprint strategy
03:03 - Off-market deals generation strategies
05:10 - Sharing one of his multiple lead generation techniques
10:45 - Low-budget off-market tactics that work for newbie and part-time investors
14:50 - What market size do these marketing approaches work for?
Key takeaways:
"What I found was that the harder I worked at finding different ways to get in front of sellers that had some level of motivation that was outside the norm, the bigger the equity on a property that we kept for cash flow, or the bigger the spread when we became a solution for a homeowner." - Jason Palliser
"18 of the 34 techniques we teach you are free, meaning we just need to teach you how we execute it. And it produces people raising their hand; you write a contract, close the deal, it doesn't impact your bank account." - Jason Palliser
"I would tell you that if you take just three or four or five of the things that we teach you, you can hit every income and acquisition benchmark you want. You don't need all 30 things; you cherry-pick and pick the ones you want." - Jason Palliser
"These techniques aren't human; they don't care about market size, saturation, no saturation, demographics. The techniques get the people, no matter if the city is big or small, that need help to raise their hands. You could deploy it anywhere." - Jason Palliser
Connect with Jason Palliser:
Website: https://www.2dayblueprint.com
Email: [email protected]
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
16:3020/05/2022
Residential Land Development 101 with Darcy Marler
Over the past 20 years, Darcy Marler has owned over 90 properties with 240' doors', worth over $44 million. At that time, he has actively invested in land development, new construction, condo conversions, long-term rentals, BRRRR, land parceling, and fix-and-flips. Darcy is also the author of 4 books on Real Estate Investing and an online course on Land Development.
In this episode, Darcy shares how with land development, you can have multiple micro strategies within it, make better refinancing deals, and cash flow better, giving opportunities for smaller investors.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn from today's episode:
Find out the multiple micro strategies you can dabble in within the land development space
Learn how to cash flow better with this investment strategy
Discover more favorable refinancing deals with land development
Resources:
Check out an online course for residential land development as a profitable investment https://www.hrrealestatementors.com/
Topics Covered:
01:00 - What makes him consider land development
03:12 - Multiple micro strategies within land development
05:04 - Various land development he dealt with
07:57 - What he meant with the analogy of getting into the lake up to your ankle
09:46 - Other lucrative opportunities with land development
12:24 - Success stories of land development deals
15:56 - Getting better refinancing deals with this micro strategy
16:35 - An online course for real estate land development for residential land development as a profitable investment
Key Takeaways:
"There are all these kinds of little micro strategies within the grand envelope of land development that I think many investors aren't aware that's actually possible. And they can actually do it on various timetables and various pocketbook sizes." - Darcy Marler
"If some of you are having trouble finding things to rent properties, there might be a way to actually cash flow better because we're severing this excess land and putting that against the mortgage solution strategy." - Darcy Marler
Connect with Darcy Marler:
Website: https://www.hrrealestatementors.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
17:0017/05/2022
Investing Success with Your Spouse with Derek and Sophie Clifford
Derek Clifford is a successful single and multifamily real estate investor, adding 13 out-of-state units to his portfolio in his first year of acquisitions while working a full-time job. Today he is a multifamily investor controlling 200+ apartment units with over $20M AUM.
Sophie Lorn-Clifford is a licensed and practicing integrative medicine doctor with a virtual telehealth practice called LiveWhole Wellness. With her brain rooted in science and her heart and spirit in nature, she loves to help people figure out what obstacles prevent them from achieving their greatest health. She has lived in Buddhist monasteries and practiced meditation and martial arts since she was 14 and secretly wants to be a ninja.
In this episode, Clifford and Sophie share how to become a power couple in real estate, working together despite their differences. They also share tips on how they’ve managed to work as a team, still be their own person, and reach their goal of having freedom in time, location, and financial matters.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you will learn from this episode:
Learn about the three dynamics that you need to keep in check all the time as a couple so you commit to your goals as business partners
Find out how to have an effective conversation between spouses that helps change perspectives and helps achieve the lifestyle you want
Discover how to create a vision together as a couple and team, so you start working with and not against each other
Resources:
Website: https://elevateequity.org/
Topics Covered:
02:08 - How they got to work in real estate as a couple
04:17 - A good foundation of their relationship as a married couple and business partners
07:23 - Make sure you’re on the same page with your spouse when it comes to real estate: what that looks like for them
11:35 - The importance of using the ‘We type’ of conversation
12:05 - How the ‘We type’ conversation impacted their lives
13:59 - Achieving the ‘We type’ conversation
15:20 - The so-called ‘magic bullet’ in their dynamic as a couple
17:37 - How being able to hold emotions and express things calmly helps hugely in keeping the relationship
Key Takeaways:
“Vision, the importance of where you want to be as a couple in the future, that helps drive a lot of the decision and activity-making. And it also helps you discover, again, with those three-person dynamics: you, your spouse, and togetherness, figure out what the future of that is.” - Derek Clifford
“For every ‘I’, there should be 99 ‘We’ in a discussion.” - Derek Clifford
“I would say that once you make this realization that you want to create a shared vision with your spouse, what I would do is I would start listening first, ask a question, and just listen to hear what it is that drives them.” - Derek Clifford
“Take a minute to pause and allow emotions to kind of settle.” - Sophie Clifford
“Just re-emphasizing and reassuring each other that we are a team.” - Sophie Clifford
Connect with Sophie and Derek Clifford:
Website: https://elevateequity.org/
Email [Derek]: [email protected]
Email [Sophie]: [email protected]
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
18:4913/05/2022
Why No is Better Than Yes with Sam Wilson
Sam Wilson is an active investor in self-storage, parking, retail, multifamily apartments, RV parks, and single-family homes. He hosts the "How to Scale Commercial Real Estate Podcast", where he interviews real estate experts to give listeners the tips, tools, and tricks to scale their investment portfolio.
In this episode, Sam shares how going after every shiny object gets you distracted and lets you keep spinning the wheels and not making any progress. Focusing on one thing and strategically doing things get you success. And he advocates that for growth to happen, you need to get comfortable with getting uncomfortable.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you will learn from this episode:
Uncover the mindset that will get you to narrow your focus and be successful at it
Discover the wisdom behind 'getting uncomfortable' in achieving growth
Learn how to go deep, not just wide
Resources:
Get your FREE checklist on How to Vet a Deal in 10 Minutes. Click here: https://brickeninvestmentgroup.com/checklist/
Topics Covered:
01:09 - How his childhood experience got him started in real estate
04:25 - Why saying no is the way to go
06:35 - Going deep instead of wide
08:06 - What brought him to streamline his real estate business
10:37 - Sharing lessons learned in getting uncomfortable
13:19 - What he recommends for someone to get 'uncomfortable' with
15:43 - Resources you can make use to scale your commercial real estate
Key Takeaways:
"For me going no, no, no, no, no until the one yes makes a whole heck of a lot of sense. I mean, we've streamlined down. There are two asset classes, I work in self-storage and multifamily right now, and that's it." - Sam Wilson
"If you're going to scale, if you're going to do anything meaningful, and grow it, it needs to be like the whole idea of sunlight versus a laser." - Sam Wilson
"I think for me slowing down to speed up, saying no, is more valuable than saying yes." - Sam Wilson
"Growth only happens with discomfort, as the best things in life; if you want a six-pack, you're going to have to work out." - Sam Wilson
"If you want to progress beyond, whatever ceiling you've hit, get uncomfortable." - Sam Wilson
"Find one thing that you want to become or one goal or one something. You go, 'Gosh, I'd love to…' Find out what fills in at the end of that sense." - Sam Wilson
Connect with Sam Wilson:
Website: https://brickeninvestmentgroup.com/
Podcast: https://brickeninvestmentgroup.com/podcast/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
15:3310/05/2022
From Personal Tragedy to Wholesale Success with Sharon Restrepo
Sharon Restrepo is a best-selling Author, National Speaker, Educator, Real Estate Investor, and Brokerage Owner, caters to investors worldwide. Sharon has been investing, teaching, and sharing her unique knowledge with others for over 25 years. She believes success comes from sharing incredible value with her students and clients, focusing on their success first. Her motivating story of overcoming the loss of her first husband at such a young age is not only inspiring but proves that even those facing tough obstacles can reach their goals with determination and the right influence.
In this episode, Sharon shares how wholesaling saved her life after she lost her husband and allowed her to know the ins and outs of real estate investing, giving her the lifestyle freedom she wants. She also talks about the strategy she uses to close deals and earn well.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you will learn from this episode:
Find out what makes this investing strategy a lucrative way to start, even for newbie investors
Learn how to know and find out everything there is about this investment strategy, get paid well but have limited risk
Discover strategies on how to get deals that work now as they did years ago
Resources:
Get a copy of Sharon's book: Exposing the Truth Behind the Lies of Real Estate Investing. Click here https://www.sharonexposesthetruth.com/
Topics Covered:
00:52 - What made her go on the path of real estate
01:57 - How she dove headfirst into real estate investing
04:58 - Identifying wholesaling as her favorite strategy
06:04 - Perfecting a system over the years and leveraging it
08:25 - What she did years ago that still works now
11:14 - Doing things to stand out from the competition
13:16 - Going after the solution rather than the deal itself
14:29 - Advantage of positioning yourself the right way
17:18 - Get a copy of her book: Exposing the Truth Behind the Lies of Real Estate Investing.
Key Takeaways:
"You might wait four months before you get paid. But your wholesale deals are happening in 30 days or less. And so, you've got everything kind of moving and growing in your pipeline, and you're constantly getting paid." - Sharon Restrepo
"For the brand new investor, I just think it's a great strategy because it's really, I don't know how much more you can make money as a real estate investor and reduce the risk and learn everything you need to learn about the business with that limited risk, and then making money in 30 days or less on these deals." - Sharon Restrepo
"I've always believed in doing what your competition doesn't do. So, whatever the majority of them do is probably the thing to stay away from, because you're going to spend a lot of money per lead, because everybody's doing the easy thing." - Sharon Restrepo
"My big thing is, let's not chase the money or the deal, but let's chase the solution for the seller. And I think when we do that, well, then the fruit of that is getting paid." - Sharon Restrepo
Connect with Sharon Restrepo:
Website: https://www.sharonrestrepo.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
16:5506/05/2022