Growing a Husband Wife Real Estate Team
Real estate agents and investors face many challenges, from writing contracts to negotiating inspections, in the ever-changing market. In a recent podcast, Naleka and Armando Gomez, a successful married couple working together in the real estate industry, shared their insights on how to achieve success by balancing work and life.
One of the couple's secrets is to make sure they have clear boundaries between work and personal life. They schedule family events and prioritize them, making sure to commit to these events as they would with a client. They have set boundaries with their business managers and clients, knowing when it is time to turn off their phones and enjoy their personal time.
In addition to managing their work-life balance, the couple also shares how they build strong relationships through community events. Hosting parties and events for their clients and colleagues helps them build long-lasting connections and generate referrals. They believe that in-person interactions are still essential in building relationships, even in today's digital age. Hosting events that showcase local businesses and charities can also strengthen ties with the community and show that they care about the neighborhood.
Furthermore, Naleka and Armando emphasized the importance of training and mentoring newer agents. They understand the challenges that newer agents face in the market and tailor their training to each agent's individual needs. They emphasize tracking results and consistently doing the basics, such as dialing and tracking open houses, to achieve success.
The couple also stresses the importance of systematizing their processes and documenting their systems and processes so that new agents can easily learn and replicate their success. They have developed Joshua's playbook, which outlines the system they use to help agents achieve success in the real estate industry. The playbook has been evergreen, with updates and virtual aspects added to the system while maintaining the core principles that make it successful.
In conclusion, building strong relationships and generating referrals can be achieved through community events and a healthy work-life balance. Naleka and Armando Gomez have demonstrated that investing in your personal life and community can lead to a successful real estate career. Balancing work and personal life is crucial, and newer agents must focus on the basics and consistently track results to achieve success in the market. With the right training and mentoring, newer agents can learn from the best and build a thriving career in the real estate industry.
Schedule a FREE coaching call: coaching.freedomchaserspodcast.com
Don't forget to reach out to Naleka & Armando Gomez:
Website: https://itsabreezerealestate.com/
Facebook: https://www.facebook.com/ItsABreezeRealEstate/
https://www.facebook.com/armando.gomezjr.9/
https://www.facebook.com/profile.php?id=100071244874559&sk
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15
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Empowering Your Financial Journey : Strategies to Create a Living Financial Statement
Empowering Your Financial Journey : Strategies to Create a Living Financial Statement
Are you tired of living paycheck to paycheck and struggling with financial literacy? Do you want to start building a life of freedom and purpose? Then join us for this episode of The Freedom Chasers Six-Figure Strategies Podcast as Tim interviews Martin Saenz, managing partner with Bequest Funds, on how to create a living financial statement, grow assets that produce monthly passive income, and invest in real estate and energy assets.
Martin is an expert in real estate, healthcare, and energy investments with years of experience in note investing, bitcoin mining, and real estate investing. He shares his insights on how to create a living financial statement, which involves creating a weekly or bi-weekly income statement and balance sheet to help build goals and metrics. Martin breaks down the statement by separating active and passive income, living expenses, and business expenses. He emphasizes the importance of focusing on growing assets that produce monthly passive income while building liquidity in cash in the bank and using some of that monthly passive income to buy assets that have stores of value.
In addition to discussing financial planning, Martin also shares his innovative investment philosophy and business model. He believes that investors should only invest in assets that they can easily understand, and he focuses on real estate and energy assets, which he believes are essential needs for society. He also describes his unique approach to mining bitcoin using flared natural gas, which is a renewable energy source that he believes will make his bitcoin mining operations more cost-effective.
The interview also delves into Martin's note investing business model, which involves buying distressed mortgages from institutional banks and working with homeowners to create a sustainable payment plan. Martin emphasizes his compassionate approach to this business, which prioritizes keeping homeowners in their homes and helping them get back on their feet. He notes that his willingness to work with tenants has led to a high success rate, with over 1000 homeowners being able to keep their homes as a result of his efforts.
Overall, this episode provides a detailed and informative overview of Martin's investment philosophy and business model, highlighting the importance of compassion and understanding in successful investing. Don't miss out on the chance to learn from one of the top minds in investing today and discover how you can use his strategies to achieve financial success and make a positive impact on society. Tune in to The Freedom Chasers Six-Figure Strategies Podcast now!
Schedule a FREE coaching call: coaching.freedomchaserspodcast.com
Don't forget to reach out to Martin Saenz:
Twitter: https://twitter.com/fundsbequest
Instagram: https://www.instagram.com/bequest_funds/
Linkedin: linkedin.com/in/martin-saenz-bequest
Website: https://bqfunds.com/
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5
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From Law Enforcement to Real Estate Wholesaling
Real estate wholesaling is a great way for investors to make money without having to deal with the responsibilities of owning a property. In this episode of the Freedom Chasers podcast, we interviewed Mauro Loya, a successful real estate wholesaler who left his career in law enforcement to focus on real estate investing.
Mauro discusses his experiences with wholesaling and how he has been able to make a significant profit from each deal. He mentions that his deals have ranged from $10,000 to $82,000 in profit, with his minimum profit goal being $20,000. Mauro states that he is able to make such large profits by focusing on desperate sellers who are willing to sell their properties for less than their market value.
To find these sellers, Maurouses a program called Prop Wire, which helps him locate abandoned properties, absentee owners, high equity, and probate cases. He aims for a 99% conversion rate, which means that he is able to close a deal almost 99% of the time when he gets on the phone with a potential seller.
Mauro also discusses some of the techniques he uses to negotiate with sellers. He advises against matching the seller's tone and instead recommends remaining calm and focused. He also reminds sellers that he is there to help them out of a difficult situation and that he wants to be a part of their family.
Mauro credits his success in wholesaling to the skills he learned on YouTube University and from his end buyers. He advises aspiring wholesalers to learn the processes involved in finding comparable properties in the area and calculating the after-repair value (ARV) of a property.
The interviewee also shares his craziest real estate experience, which involved a deal where the end buyer assigned the deal to another investor, leading to a longer timeline and a reduced commission for Mauro. Despite this setback, Mauro remains optimistic and continues to pursue real estate wholesaling as a way to achieve financial freedom.
In conclusion, real estate wholesaling can be a lucrative and rewarding business for those who are willing to put in the time and effort to learn the skills required. Mauro Mauro’s success story is a testament to the potential of this industry and the freedom it can provide to investors. Aspiring wholesalers can learn from Mauro's experiences and apply his techniques to their own businesses to achieve similar success.
Schedule a FREE coaching call: coaching.freedomchaserspodcast.com
Don't forget to reach out to Mauro Loya
Instagram: https://www.instagram.com/loyalty.rei.llc/
Website: https://www.loyaltyrei.net/👍 Keep up with The Freedom Chasers:
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14
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Unleashing the Power of Networking: How to Connect with Investors
Are you a new Realtor struggling to establish yourself in the competitive real estate market? Do you want to learn how to build a resilient business with repeat clients and establish yourself in the business? Look no further than Leah Slaughter, co-founder of multiple successful real estate ventures, including Omni Key Realty, LNM, Slaughter Properties, and Slaughter Investing.
In this episode of the Six Figure Strategies Podcast, Leah shares her insights on working with investors and building a successful real estate business. She suggests that new Realtors partner with someone who has a lot of rental listings and start showing rentals, as most investors started that way. By working with investors, Leah explains that you can create a resilient business with a repeat business base, as investors are not emotionally attached, and the process is easier. There is loyalty that comes with working with investors, which creates a lot of positive aspects. Leah also emphasizes the importance of educating clients and establishing yourself in the business by working with renters.
Leah is a prominent figure in the Dallas Fort Worth real estate market, owning $40 million in real estate. She is passionate about helping others achieve financial success through education and shares personal experiences of tragedy and how it has driven her to work harder and adopt children in need. She highlights the importance of failure in the learning process and how it can lead to growth and success. Leah also discusses how to shift your perspective to see opportunities in difficult situations, and encourages listeners to take control of their lives to achieve success and make a positive impact.
This episode covers various topics related to real estate investing, including how to network and provide value to meet investors, the importance of educating clients and building relationships, and how to partner with rental listings to jumpstart your real estate career. It also touches on the impact of COVID-19 and how it has changed the perspective on communication and connection.
Leah's insights and personal experiences make this episode engaging and informative for entrepreneurs pursuing a life of purpose and freedom in real estate investment. Take a step towards building a resilient business and establishing yourself in the competitive real estate market by listening to this episode today!
Schedule a FREE coaching call: coaching.freedomchaserspodcast.com
Don't forget to reach out to Leah Slaughter:
Website: https://www.omnikeytexas.com/
Linkedin: https://www.linkedin.com/in/leahslaughter/
Facebook: https://www.facebook.com/LeahElizabeth123
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83
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Get Out of Your Head #shorts #realestate
You may not be bored, you may just be uninspired.
Watch The Show: https://youtu.be/y9x6KSS9Oio
#HowtoConstructYourLifeforYourSuccessinRealEstateInvesting, #AustinLinney, #realestate, #realestatecoaching, #realestatementor, #ConstructYourLifeforYourSuccessinRealEstateInvesting, #realestatecoach, #howtofindarealestatementor, #wholesalingrealestate, #realestatementoring, #realestatecoachingreviews, #realestateagentcoaching, #wheretofindarealestatementor, #realestateevents, #realestatecoachingcall, #virtualwholesaling, #interestrates
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Lessons Learned from Tyler Cauble's High-Risk, High-Reward Real Estate Investment
Tyler Cauble, a successful real estate investor and Amazon bestselling author, recently shared his experience of purchasing a 330,000-square-foot shopping center on 32 acres during the pandemic. In this blog post, we'll delve deeper into his story, exploring the challenges he faced and the lessons he learned along the way.
The Deal
Tyler Caublenegotiated the purchase of the property for $18 million, down from the $35 million asking price. The property was off-market, meaning it wasn't available for sale publicly. Tyler didn't have the $180,000 earnest money required, so he sought a capital partner to help fund the purchase. However, his partner fell through, leaving him with a tight deadline to secure funding.
Tyler spent six months going through the 34 leases to figure out what was going on. The deal came down to the wire and was finalized just before New Year's Eve. Despite the challenges, Tyler was confident in the property's potential and saw it as a high-risk, high-reward investment opportunity.
Master Planning the Property
After purchasing the property, Tyler spent time master-planning it to maximize its potential. He envisioned building 1,000 apartments, office space, and ground-floor retail on the 32-acre site. Tyler's company is "master developing" the site, which means they are putting together the plan for the development and selling off lots to builders for each phase.
The project's tenants are currently cash-flowing the debt service to own the property, and Tyler later proved that the property was worth significantly more than what he paid for it after master planning it. Tyler encourages investors to think bigger and take risks.
Lessons Learned
Tyler Cauble admits that the development was a high-risk, high-reward undertaking, and he wouldn't do it the same way again. However, he notes that starting out with a project of this scale can help build credibility with investors.
He also emphasizes the importance of building contacts, particularly with government officials, to understand the local culture and deliver a project that checks the boxes of the district. Tyler says that he is currently under contract on a similar project, a 78-unit hotel that will be converted into a boutique hotel. He has better access to capital and lending partners now.
The Interview
During the interview, Tyler Cauble shared his experience in commercial real estate, particularly in partnering with capital firms to expand into other markets. He also discussed his willingness to risk bankruptcy in order to provide value to investors and ensure they don't lose capital.
Tyler began his sales career when he turned 18 and sold Cutco knives, becoming one of the top sales reps in the Eastern region and making $30,000 in three months. Later, he dropped out of the University of Tennessee at Knoxville to work in construction, where he discovered his passion for commercial real estate.
After being betrayed by his mentor, he read every book and met anyone he could to learn everything he could about commercial real estate. He finally broke out on his own a week after launching his book, "Open for Business," which became an Amazon bestseller.
Final Thoughts
Tyler Cauble’s story is one of perseverance, risk-taking, and dedication. Despite facing numerous challenges, he remained focused on his goal and was ultimately successful in his venture. His experience shows the importance of building contacts, taking calculated risks, and continuously learning and improving oneself. Aspiring real estate investors can learn a lot from Tyler's story and apply his lessons to their own endeavors.
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Don't forget to reach out to Tyler Cauble:
Instagram: https://www.instagram.com/commercial_in_nashville/
Youtube: https://www.youtube.com/@TylerCauble
Facebook: https://www.facebook.com/tylercauble1/
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34
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Unlocking the Secret to Building a Thriving Real Estate Business: The Art of Authenticity
Unlocking the Secret to Building a Thriving Real Estate Business: The Art of Authenticity
Are you feeling stuck in your real estate business? Do you want to take your business to the next level? Look no further than the latest episode of Six Figure Strategies, where host Freedom Chasers interviews real estate agent Ri Prasad. In this episode, Ri shares her secrets to building a thriving business in the industry.
Ri Prasad is a real estate agent with years of experience helping clients buy and sell properties, with her focus on the luxury group at Option Realty. She started college at the age of 16 and has since built a successful real estate business, thanks to her supportive family and a positive mindset. She emphasizes the importance of building strong relationships with clients and being authentic to attract the right kind of business.
In this episode, Ri shares her journey to building a successful real estate business, emphasizing the importance of having a support system and a positive mindset. Ri provides practical strategies for building strong relationships with clients, negotiating deals, and making a positive impact in the community. She shares personal stories of dealing with difficult situations and demonstrates her commitment to being authentic and genuine in building relationships.
Ri's key strategies include negotiating deals with a selective approach to comparable properties, building authentic relationships with clients by focusing on their needs, providing additional services and advice, and making a positive impact in the community through small gestures. She emphasizes the importance of having a positive mindset and daily motivation, reading quotes every morning that set her mindset for the day. She believes that most people give up right before success comes, emphasizing the importance of learning from mistakes.
One of Ri's most powerful strategies is the art of authenticity in business. She emphasizes the need to be true to oneself and to lean into one's personality in order to attract the right kind of clients. Ri shares examples of clients who have become friends and who continue to stay in touch even after the property transaction has concluded. She believes that building authentic relationships with clients is key to building a successful real estate business.
In conclusion, if you are looking to take your real estate business to the next level, then this episode is a must-listen. Ri Prasad's practical strategies for negotiating deals, building relationships with clients, making a positive impact in the community, and being authentic in business will help you unlock the secret to building a thriving real estate business.
Schedule a FREE coaching call: coaching.freedomchaserspodcast.com
Don't forget to reach out to Ri Prasad:
📲 773.724.9130
🌐 www.RiPrasad.com
📧 Ri@RiPrasad.com
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9
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1
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How to Host an Open House that Will Knock Your Buyer's Socks Off
How to Host an Open House that Will Knock Your Buyer's Socks Off
In the highly competitive world of real estate, it can be tough to stand out from the crowd. But, what if we told you that there's a simple and effective way to attract potential buyers and make your property the talk of the town? Well, that's precisely what Danielle Welker from RE/MAX Advantage did in this episode of the Freedom Chaser Six-Figure Strategies Podcast.
Danielle believes that in today's fast-paced market, it's essential to bring it back to the basics, and being personable is key. To achieve this, she and her team make their open houses more of an event and invite the neighborhood. They don't just list the property; they create an experience that potential buyers won't soon forget.
So, how do they do it? They start by using Espresso Agent to prospect for phone numbers and email addresses of properties nearby. They then send personal invitations to people living in the area, letting them know about the upcoming event and encouraging them to attend. They also make sure to create a buzz by promoting the open house on social media platforms and collaborating with other local businesses to create a community event.
But, that's not all. Danielle and her team take things a step further by making the open house an experience. They offer refreshments, giveaways, and even hire live music to create a festive atmosphere. They also provide information about the neighborhood, including local schools, parks, and other amenities.
Another essential aspect of their marketing strategy is follow-up. They make sure to follow-up with everyone who attended the open house and even send personalized letters to people living close to the property. This personalized approach helps build a connection and trust with potential buyers.
Danielle also shares her story of starting a career in real estate during the 2008 financial crisis. She quit her full-time job with benefits to become a realtor, and after making some money, she faced difficulties when the market crashed. She did odd jobs to make money, but she never quit and kept learning. She explains that she was attracted to real estate because of the potential to earn as much as she wanted and the ability to determine her income.
In this episode, Danielle and her business partner offer valuable insights, including:
✅Simple marketing strategies that have been effective for their realty group in a fast-paced market
✅How to make open houses more of an event and invite the neighborhood
✅Creating an experience for potential buyers with refreshments, giveaways, and live music
✅The importance of follow-up and personalized letters to potential buyers
✅How to build a career in real estate despite market changes and challenges
If you're looking to take your real estate business to the next level, then this episode is a must-listen. Danielle's insights and strategies will help you stand out from the competition and create an experience that potential buyers won't soon forget. So, what are you waiting for? Host an open house that will knock your buyer's socks off!
Schedule a FREE coaching call: coaching.freedomchaserspodcast.com
Don't forget to reach out to Danielle Welker:
Facebook: https://www.facebook.com/daniellemovesyou or https://www.facebook.com/danielle.swansonwelker/
Zillow: https://www.zillow.com/myzillow/Profile.htm
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6
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Streamlining and Automating Your Land Investing Business with Pebble Rei
In this episode of the Freedom Chaser Six-Figure Strategies Podcast, we had the pleasure of interviewing Kevin Rockwood and Jesse Kwong, the co-founders of Pebble Rei, a CRM tool specifically built for land investors. What makes their software unique is their hyper-focus on land investing and their knowledge of the market. They are strategy agnostic, meaning they do not tell people what strategy to use but give them all the tools they need to execute whatever strategy they want.
Our conversation delves into the benefits of using a ranged offer in the negotiation process. It provides a conversation opportunity that a firm offer might not provide. It's a great starting ground to learn, and it's a safe zone to start playing. But one has to start playing. Investing in land is a great business for someone who enjoys a more process-oriented business model, working from a computer, and being technical. The success in land investing is addicting as dopamine gets released when a goal is achieved. Land investing can be done anywhere, and it's all about what one wants to do.
Pebble is a company that helps land investors to systemize and scale their businesses. The co-founders emphasized that they are very focused on building out processes and repeatable processes that help land investors get streamlined and scaled up. Many land investors get stuck in operator mode, spending too much time and brain power on operating their businesses, and hit a cap. They also don't know what else is out there in terms of systems and processes, as land is still quite a niche. The company is on a mission to change the perception of land investment as a business and help land investors treat it like one.
Pebble has cool tools being built out within the app and software itself. The company also holds itself accountable to its community and users through the Update Roundup, where the founders share what they are actively building, working on, or launching. Pebble recently launched phone and texting and email integration, and they are working on cool features for automation for automated follow-ups.
For those who want to work with the company to get systemized, Pebble has a challenge available. The challenge is a five-day course, and it is all about systems, with no strategy talk. It's a great opportunity to get started with systemization and scaling in land investing.
In conclusion, Pebble Rei is a company that is committed to providing land investors with the tools they need to get the most out of their land business. The co-founders are very focused on building out processes and repeatable processes that help land investors get streamlined and scaled up. Investing in land is a great business for someone who enjoys a more process-oriented business model, working from a computer, and being technical. Success in land investing is addicting, and land investing can be done anywhere. If you are a land investor looking to systemize and scale your business, Pebble Rei might just be the solution you've been looking for.
Schedule a FREE coaching call: coaching.freedomchaserspodcast.com
Don't forget to reach out to Jessey Kwong & Kevin Rockwood:
Tiktok: https://www.tiktok.com/@pebblerei
Website: https://pebblerei.com/
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15
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Standing Out in a Competitive Market: Dee Plucinski's Approach
In our latest episode of the Freedom Chaser Six-Figure Strategies Podcast, Dee Plucinski, a veteran real estate broker in southern Colorado, shared valuable insights into the changing market conditions and the impact on home sales in the area. According to Dee, while more expensive homes still sell quickly, starter homes are taking months to sell, and only getting one or two offers. This situation presents a challenge for real estate agents, who need to be persistent and consistent to succeed.
Dee's advice for agents is to have a flexible job that allows them to pay their bills and stay in the real estate game. While there may be a stigma attached to having a second job or source of income, what's important is consistency and persistence. This means that agents need to be intentional with their time and focus on what they are good at. Dee emphasized the importance of choosing something you are fascinated with to become an expert and spending 10,000 hours or ten years doing it.
Dee's love for education and learning is evident in the various courses she has taken to expand her knowledge base. She has also written two children's books, one of which is based on a true story about her and her husband buying a house infested with pack rats. Her experience inspired her to write a book about a colony of rats living in a house with a problem with their well. This demonstrates her creative approach to problem-solving and ability to turn challenges into opportunities.
Dee also talked about how she stands out as a real estate agent by investing in new technologies such as Matterport cameras and drone photography, which allows her to provide more virtual showings and win every listing appointment. She believes that it is better to improve oneself than to cut commissions. This approach sets her apart from other agents and helps her to provide exceptional service to her clients.
The conversation also touched on the pros and cons of tourism in a city, where it is generating sales tax but also putting a strain on the infrastructure. This highlights the importance of understanding the local market and its nuances, as well as the need for agents to be adaptable and able to navigate changing market conditions.
In conclusion, Dee Plucinski's insights into the real estate market and her approach to success as an agent are invaluable. Her emphasis on persistence, consistency, and being an expert in your field is a valuable lesson for anyone looking to succeed in the real estate industry. Additionally, her willingness to embrace new technologies and creative problem-solving sets an excellent example for other agents looking to stand out in a competitive market.
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Don't forget to reach out to Dee Plucinski
Blog: https://deeplucinski.blogspot.com/?m=1
Facebook: https://www.facebook.com/DeePlucinskiRealtor/
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9
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Confronting a Contractor on What Real Estate Investors Are Making
Ed Arriola is a successful real estate flipper, construction general contractor, and coach who shared his craziest real estate experience on the Freedom Chasers podcast. In this episode, he discussed how he and his team purchased a property in Framingham, Massachusetts, for $250,000 in 2019, with an estimated construction cost of $150,000 and an expected completion time of six months. However, due to the COVID-19 pandemic, they had to stop midway through the project and resumed work 15 months later. When they finally sold the property in 2021, they made a profit of $1.2 million instead of the expected $800,000.
Ed started his career in real estate as a contractor, partnering with someone who had the funds while he managed the project and construction. He slowly built his bankroll and eventually helped others do the same. According to Ed, having a construction background is necessary for managing the project, but you don't have to be the one doing the work. Instead, you have to know people who are good at their job, charge you good rates and can manage their schedules efficiently.
Ed also obtained his real estate agent license to cut costs and maximize profits in his house-flipping business. He analyzed the fees he pays for legal and real estate costs and aimed to cut these in half by having his own license. By dealing with smaller houses, he is able to profit 40-50% and focus on quicker deals where he can make at least $50,000 in 1-3 months.
When asked about common mistakes that flippers make, Ed explained that many make the mistake of putting too much of their own taste and style into the flip rather than considering what the potential buyer may want. Another mistake is taking on projects that are too big and lengthy, which could result in a lower profit or even breaking even due to holding costs.
Ed's best advice for new flippers is to build relationships, as the business is built on relationships. This includes building a good relationship with a CPA, an attorney, and real estate agents. He suggests having multiple real estate agents on their corner and offering a commission to anyone who brings them a deal. Building relationships with wholesalers and contractors is also important. For example, by helping them out, one can establish a network and get leads. He recommends prioritizing building relationships before even starting flipping houses.
In terms of his vision for the next few years, Ed plans to continue flipping and exploring commercial real estate. He also wants to help others become financially free and do flips if they want to.
In conclusion, Ed Arriola is a successful real estate flipper who emphasizes the importance of having a construction background, building relationships, and avoiding common mistakes in the industry. By following his advice, new flippers can achieve success in their business endeavors.
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Don't forget to reach out to Ed Arriola
Linktree: https://linktr.ee/EdArriola?utm_source=linktree_profile_share<sid=a5d2a677-d4ed-4b0f-af13-07451547fe22
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12
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Passion, Positivity & Purpose: How to Create a Life & Business You Love in Real Estate Investing
Real estate investing can be an incredibly rewarding career for those who have the drive, determination, and knowledge to make it work. In today’s episode of the Freedom Chaser Six-Figure Strategies, we interviewed Misty Hassebstab, a real estate investor, entrepreneur, and mindset coach, who shares her journey from leaving a corporate job to starting her own business in real estate.
Misty and her husband attended a three-day event that sparked their interest in real estate investing, and they decided to go all in. They started with fix and flips, then moved on to new construction, and finally to wholesaling, which helped them make ends meet. After six years of hard work, they have not had to go back to work and will never do so.
Our conversation with Misty centers around the importance of wholesaling in real estate investing. Wholesalers are intermediaries between sellers and buyers, and they can provide value to both parties by helping sellers get rid of unwanted properties and helping buyers find good deals. Understanding the numbers and the deal is crucial when wholesaling, and Hazenstab emphasizes the importance of education and legality in this area.
Our discussion also touches on the fear of failure and the mindset shift necessary to overcome it. Hazenstab believes that failure is not a real thing but rather an opportunity to learn and grow. She also emphasizes the importance of coaching to help individuals understand this mindset shift and overcome their fear of failure.
Misty’s coaching program, Her Mindset Matters, is specifically designed for women because she believes that men and women have different needs. Women are more emotional, which can be a superpower when used correctly, and the coaching program helps women use their emotions to connect with others and build relationships. However, women also need to learn to take emotions out of certain situations, such as running numbers or making offers, and rely on logic instead. The program is women-only because women need a space to talk about their fears and concerns without feeling uncomfortable or judged.
Empathy is another superpower that Misty believes women possess and can use to their advantage, especially when talking to sellers in wholesaling. By understanding the seller's needs and motivations, women can build trust and rapport and create win-win situations for both parties.
In conclusion, today’s episode of the Freedom Chaser Six-Figure Strategies provides valuable insights into the world of real estate investing and the importance of wholesaling. It also emphasizes the mindset shift necessary to overcome fear of failure and the importance of coaching and education. Misty's coaching program, Her Mindset Matters, provides a safe space for women to explore their fears and concerns and develop the skills they need to succeed in real estate investing and entrepreneurship.
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Don't forget to reach out to Misty Hassenstab
Website: https://www.hermindsetmattersrei.com/
Facebook: https://www.facebook.com/misty.flanagan.7?mibextid=LQQJ4d or https://www.facebook.com/HERMindsetMattersREI?mibextid=LQQJ4d
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66
views
Building a $647,000 a Year Business with ZERO Marketing Spend
In our recent podcast interview, Ryan McLemore, a successful real estate agent and investor, shared his insights on follow-up strategies, deal-closing techniques, and personal experiences. His tips and tricks can help anyone in the real estate industry and beyond to improve their communication skills and build long-lasting relationships with clients.
One of the key takeaways from Ryan's interview was his emphasis on consistent follow-up. He suggested keeping an Excel spreadsheet with three columns for hot, warm, and known contacts and reaching out to 50-100 people a day, seven days a week. By doing so, he believes that agents can build a solid pipeline of potential clients and eventually close more deals.
Ryan also stressed the importance of maintaining a positive and friendly relationship with clients, even if they are not interested in buying or selling right away. He recommended reaching out to clients every 90 days to ask about their life and whether they know anyone who needs real estate services. By keeping the conversation light and fun, he believes clients will be more likely to refer their friends and family to him in the future.
Ryan also shared his experience with difficult clients, specifically a Zambian missionary couple who decided two days before the closing date that they didn't want to sell their property. However, Ryan was able to keep the buyers interested for three more months and eventually closed the deal. This experience highlights the importance of persistence and creative problem-solving in the real estate industry.
In addition to his real estate success, Ryan also shared a personal story about how he used his follow-up skills to land a date with his wife, an engineer at Lockheed Martin, after two and a half years of intermittent contact. This anecdote highlights the power of consistent communication and the importance of being genuine and authentic in one's interactions.
Ryan also discussed his marketing strategies, which he believes are crucial for success in the real estate industry. He specializes in properties left behind by family members who have passed away or hoarding situations, and he tries to get warm referrals from friends whenever possible. He also mentioned the importance of mentioning the person who referred him when reaching out to someone for the first time and providing specific referral targets.
Finally, Ryan discussed his opinion on NFL officiating, given his background as an official. While he didn't go into much detail, it was interesting to see how his experience in a completely different field has influenced his perspective on other areas of life.
In conclusion, Ryan McLemore's interview provided valuable insights into follow-up strategies, deal-closing techniques, and personal experiences in the real estate industry. His emphasis on consistent communication, creative problem-solving, and marketing strategies can help anyone in the industry to improve their skills and build long-lasting relationships with clients.
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Don't forget to reach out to Ryan McLemore:
Linkedin: https://www.linkedin.com/in/ryanmclemore/
Website: www.mclemoreteam.com
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18
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You Should Calculate How Much Vacancy Before You Break Even #shorts #realestate
Pranay looked at the worst vacancy in the past 30 years, here's why.
Watch The Show: https://youtu.be/17W88uCxMXU
#FromMedicinetoRealEstateSyndicationAchievingSuccessasanEntrepreneur, #multifamilysyndication, #realestatesyndication, #realestate, #apartmentsyndication, #realestatecoaching, #realestatesyndicationshow, #syndication, #realestatesyndications, #realestatepodcast, #realestatetrainers, #investingsyndications, #realestatesyndicationfordummies, #multifamilysyndicationstructure, #realestatesyndicationexplained, #realestatesyndicationstructures, #PranayParikh
The Collapse of Seb Bank: Lessons Learned
In a recent episode of the podcast, we interviewed Mike Mess, a former Goldman Sachs employee who launched his own private wealth management company. Mike's company manages the wealth of private families, including corporate executives, startup founders, and real estate professionals. During the episode, Mike discussed various topics related to banking, wealth management, and investment opportunities.
He began by discussing the recent news of Silicon Valley Bank's mismanagement and failure. Mike explained that not all banks are equal and have different balance sheets, makeups, and business models. He emphasized the importance of choosing the right bank based on one's financial goals and needs. Mike also talked about his work in helping clients navigate intergenerational wealth transfer and succession planning.
The conversation then shifted to the recent collapse of the bank, Seb, and what led to it. Mike reflected on the questions that should be asked to navigate such a process, including the role of oversight in the bank and where the Fed was in this situation. He also suggested that organizations, specifically CFOs and Treasuries, need to bolster their policies around cash management and banking relationships. He then discussed how the Seb bank put money into bonds and marked them as Hold to Maturity (HTM), which meant they did not have to disclose their losses on their balance sheet. This, combined with the movement of rates, resulted in the bank being crushed. Mike suggested that regulators will likely change the regulations around marking bonds HTM and/or disclose further. He also explained the Texas ratio, a measurement of non-performing loans, and how it is used to assess a bank's health.
In terms of investment opportunities, Mike mentioned that there is currently a massive supply imbalance and that fixed income, particularly high-quality treasuries and municipal bonds, is now attractive. Private credit is also an interesting space, with attractive yields. Some pockets of the equity market, particularly small caps, are also attractive. He emphasized the importance of evaluating the team running a small business when considering investing in it, as well as their ability to execute.
Mike highlighted the difference between private wealth management and a family office, which manages the wealth of one or a few families together. Family offices could handle finance, investing, taxes, and bring other people into the investment strategy or fund. Private wealth management firms are regulated by the SEC and must follow strict regulations. He admitted that being regulated by the SEC is a lot of weight and responsibility, but their strong culture and implementation of systems with checks and balances ensure that they are transparent and honest with their clients.
In conclusion, the episode provided valuable insights into banking, wealth management, and investment opportunities. Mike's expertise and experience in the industry made for an informative and engaging conversation. Today’s episode emphasized the importance of choosing the right bank and evaluating investment opportunities carefully, as well as the importance of succession planning and intergenerational wealth transfer.
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Don't forget to reach out to Mike Mess:
Website:https://www.veracitycapital.com/staff/michael-j-mess/
Linkedin: https://www.linkedin.com/in/michaelmess/
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8
views
How Former Call Center Rep Used His Skills To Build a Real Estate Career
In our recent episode of the Freedom Chasers Six-Figure Strategies podcast, we interviewed real estate agent Justin Davis, who left his job at a call center and increased his income by ten times within two years. Justin discusses how he transitioned from a call center employee to a successful real estate agent, mentioning his mindset shift and the catalyst for his success, which was cold calling or warm calling people who had already raised their hand to sell. He also explains how his experience in the call center job helped him prepare for his real estate career.
One of the key takeaways from Justin's story is the power of mindset and the importance of having a clear goal and vision. Justin made a conscious decision to leave his call center job and pursue a career in real estate, despite the uncertainty and risks involved. He also had to shift his mindset from that of a call center employee to that of a successful real estate agent. This involved learning new skills, such as sales and negotiation, and developing a strong work ethic.
Justin's success also highlights the importance of prospecting and lead generation in the real estate business. He achieved much of his success by cold calling or warm calling people who had already raised their hand to sell. This involves reaching out to people who have listed their property for sale or expressed an interest in doing so. By focusing on these leads, Justin was able to generate a steady stream of business and build a strong client base.
Another key takeaway from the conversation is the importance of simplicity and consistency in prospecting and lead generation. Justin emphasizes that with enough practice and phone calls, one can become successful in the real estate business. He also suggests that it's important to focus on listings rather than buyers, as listings tend to generate more leads and potential business.
Our conversation also touches on the impact of personal events, such as the birth of a child, on one's work and career goals. Justin took a few months off in 2021 to take care of his girlfriend, who had preeclampsia, and their newborn baby, who was in the NICU for a month and a half. Although referrals kept coming in, he was not as aggressive in prospecting during this time. However, he was grateful for the database of clients who came through and would like to see more referral-based business going forward.
Overall, our conversation provides valuable insights and strategies for generating leads and closing deals in the real estate business. It emphasizes the importance of mindset, prospecting, and consistency in achieving success. It also highlights the impact of personal events on one's work and the need for balance and flexibility in pursuing professional goals. For anyone interested in the real estate business, this episode is definitely worth a listen.
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Don't forget to reach out to Justin Davis:
Twitter: https://twitter.com/JustinDavisNow
Facebook: https://www.facebook.com/JustinDavisRealEstate/
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43
views
The Largest Transfer Of Wealth In History
Building Strong Relationships with Investors: Insights from Ron Diamond
In the world of investing, building strong relationships with potential investors and family offices is crucial to success. Ron Diamond, a seasoned investor, and philanthropist understand this better than most. In a recent conversation, he shared his insights on the process of building these relationships and why providing value before asking for anything in return is key.
Ron emphasized the importance of networking and building a strong reputation in the industry. He suggested that it's essential to make connections and build relationships with investors before asking them for anything. To achieve this, he recommends finding ways to add value to their lives or businesses without expecting anything in return.
One of the most effective ways to provide value, according to Ron, is to introduce family offices to other family offices. By connecting investors with others who share similar values and investment goals, you can create a community and add value to everyone involved.
But building strong relationships goes beyond networking and introductions. Ron believes that taking the time to write personal, handwritten letters can also make a huge impact. He shared an example of how he won a deal by writing a letter to a potential client expressing his sincere desire to work with them and promising to do everything he could to add value. The client chose to work with him because he took the time to write a personal letter, demonstrating his authenticity and commitment to their partnership.
Ron’s passion for investing and philanthropy shines through in his advice. He believes that even if he had a billion dollars in the bank, he would continue doing what he's doing because it's more than just about the money. He sees investing as a way to make a positive impact on the world and create meaningful change.
In summary, building strong relationships with investors and family offices is a critical aspect of success in the world of investing. To do so effectively, it's important to provide value before asking for anything in return, build a reputation as a trustworthy and authentic person, and take the time to make personal connections. As Ron exemplifies, investing can be about more than just money – it can also be a way to create a better world for everyone.
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Don't forget to reach out to Ron Diamond:
Website: https://www.diamondwealthstrategies.com/
Linkedin: https://www.linkedin.com/in/ronalddiamond/
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2
views
How To Make Six-Figures As A Mobile Real Estate Notary
In a recent episode of the Freedom Chasers Six-Figure Strategies Podcast, Amy Seitz, owner and creator of Cyberize, shared how she built a six-figure business as a virtual notary without leaving her office. Amy had been a notary for over 20 years without marketing it until the COVID-19 pandemic hit. She fell into the job of being a real estate notary but found it too laborious and decided to do it all online. This decision opened up her customer base internationally overnight.
To become a notary, one needs to be 18 years or older, a resident or employed in the state, and have a clean background check. After getting a commission, one can start performing the Notarial act for the people that one is in person with to do real estate. Amy recommends getting a certification to do the documents as it shows the higher quality and formal education. The price of the course varies, starting from $70 to over $500, and one can learn from various places such as the National Notary Association or private individuals such as Loan Signing Systems or Notary to Notary to Pro.
Our interview delved into the process of online notarization, which involves a person connecting with a notary electronically through an enhanced audio-video session to electronically sign documents. This method is preferred in cases where there is a timing conflict, preference, or medical incapacity to meet with someone physically. The process of online notarization requires the signer to go through a quiz and upload images of their ID, which undergoes a thorough crypto analysis to validate the information. In addition, the signer has to go through a live video session with the notary, who confirms that the IDs and the signer's face match. The validation of a signer is different from the traditional method, as the quiz is timed and may include questions from USA Public records.
Amy notes that the hardest part of online notarization is validating the signer. She highlights that there may be cases where people don't look like their ID and that a gut feeling may be necessary. They emphasize the importance of asking questions, and how it can lead to people confessing. Additionally, the speaker advises anyone wanting to become a virtual notary to learn the laws and know other states' laws, as well as the different methods of ID verification available.
Amy's success in building a six-figure business as a virtual notary demonstrates the viability of online notarization as a growing industry. With the COVID-19 pandemic forcing many businesses to shift to digital platforms, online notarization has become an essential service for people who need to sign legal documents from the comfort of their homes. The benefits of online notarization include convenience, speed, and accessibility, which can be a major selling point for clients.
In conclusion, Amy Seitz's experience as a virtual notary provides valuable insights into the process of online notarization. As the world becomes more digital, the demand for virtual notaries is likely to increase. Therefore, learning the laws and methods of ID verification available can be valuable for anyone looking to become a virtual notary.
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Don't forget to reach out to Amy Seitz:
Facebook: https://www.facebook.com/cyberizeit
Linkedin: https://www.linkedin.com/company/cyberize-it-llc
Instagram: https://www.instagram.com/cyberizeit/
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32
views
The Benefits of Having a Podcast and How to Grow One
For the second part of our interview with Joshua Smith, a successful salesman and real estate coach, he shared his experiences and insights on the importance of identifying customers' pain points in sales, the power of podcasting, and the importance of focus and clarity in business and life.
Joshua emphasized that the key to selling anything is understanding the customer's pain points and addressing them. By doing so, one can create value for the customer and build a lasting relationship. He also shared his journey into podcasting, stating that his love for learning and his ability to ask great questions led him to start a podcast with no plans for monetization but rather to learn and grow. He emphasized that podcasting has been a valuable tool for building relationships and opportunities for growth and learning.
Joshua also shared his experiences interviewing successful entrepreneurs such as Grant Cardone and Ryan Blair. He emphasized the importance of authenticity and not scripting interviews while highlighting unique aspects of each guest's background that could be informative for the audience. He also reflected on the cost of the book launch giveaway and how it led to a deeper relationship with Ryan Blair. The speaker further emphasized the importance of creating content that has a positive impact on the audience.
Regarding his content creation process, Joshua focused on his audience rather than himself, choosing guests that he is interested in and can learn from. He admitted to doing very little preparation for interviews, preferring guests who can talk for a long time and provide a lot of information.
Joshua emphasized the importance of focus, especially in today's distracted world, and mentioned how focusing during his podcast interviews was powerful for him. He also talked about his podcasting journey and how content is king, and shared his experience of taking a break from podcasting, which led to a significant drop in downloads. He also discussed the impact of podcasting on his business and how it serves as the beginning of awareness and the top of the funnel for his coaching products.
Finally, Joshua discussed his experiences coaching and mentoring real estate agents, emphasizing the importance of getting extreme clarity on one's long-term goals to reverse engineer the steps needed to achieve them. He also talked about the power of surrounding oneself with successful people and how this can help one to realize what is possible. He encouraged the real estate community to focus on clarity of vision and discipline in working towards their goals.
In conclusion, Joshua Smith's insights on sales, podcasting, and focus provide valuable lessons for anyone looking to succeed in business and life. By focusing on the customer's pain points, creating authentic content, and surrounding oneself with successful people, one can achieve their long-term goals and realize their full potential.
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Don't forget to reach out to Joshua Smith:
Website: https://www.gsdmode.com/
Linkedin: https://www.linkedin.com/in/joshuasmithgsd/
Youtube: https://www.youtube.com/@JoshuaSmithGSDMode
Twitter: https://twitter.com/JoshuaSmithGSD
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42
views
How an American English Teacher In China Became A Real Estate Investor Back Home
In a recent episode of the Freedom Chasers Six Figure Strategies Podcast, we invited David Sawallisch, an English teacher based in China, to share his story of how he was able to build up over $60,000 per year in passive income. Throughout the episode, Sawallisch offers valuable insights into his journey to financial independence, including the challenges he faced as an English teacher in China, how he started investing in real estate, stocks, and crypto, and the FIRE movement.
David begins by sharing his experience of moving to China to teach English in order to pay off his student debt. He explains that he was able to save a significant portion of his salary as his employer provided him with housing, allowing him to put a third of his income towards savings. Despite the challenges of teaching English as a second language and being in a foreign country, Sawallisch was able to make the most of his time in China by learning about the FIRE movement.
The FIRE (Financial Independence Retire Early) movement involves saving enough assets to live off of without relying on traditional employment income. David explains that a simple rule is to multiply annual expenses by 25 to determine how much to save. He keeps track of his spending and aims for an 80% monthly savings rate. The FIRE movement can involve living abroad to lower costs and take advantage of geo-arbitrage. Having cash on hand can also provide opportunities to take advantage of lower property prices or access affordable healthcare. Sawallisch encourages saving money even if one doesn't pursue FIRE.
David also shares his experience of investing in real estate, stocks, and crypto. He explains how he was able to buy a duplex in Minnesota and rent it out while abroad. He chose not to use a property management company because he did not like the turnover fees and preferred a flat fee. He also discusses the benefits and risks of investing in crypto and the importance of doing the research before investing.
The conversation also touches on David's cultural experiences in China, including meeting his wife and the challenges of communicating in a language that is not one's own. Sawallisch talks about his experience learning Chinese while being stuck in a Chinese village due to COVID. He mentions that being surrounded by the language is the easiest way to learn it, and that his Chinese improved tenfold during his six-month stay. He also discusses the difficulty of teaching English as a second language due to the lack of a firm basis in its origin.
Overall, the podcast episode offers valuable insights into the challenges and opportunities of building passive income while working abroad. David's story serves as an inspiration to anyone looking to achieve financial independence through hard work, dedication, and smart investments.
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Don't forget to reach out to David Sawallisch
Facebook: https://www.facebook.com/david.sawallisch.9/
Youtube: https://www.youtube.com/@coachingfire
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22
views
How To Hire A Great Contractor For Your Fix and Flip Project
In the latest episode of the podcast, successful entrepreneur Mike Cantilina discusses his experience in starting seven profitable businesses, including a general contracting business. The conversation revolves around the general contracting side of the rehab process and offers valuable insights into managing the repair process.
Mike stresses the importance of setting realistic expectations with customers, following building codes and zoning regulations, and doing the math before starting a rehab project. He believes that people should not overthink the rehab process, especially if they are starting out with lower-budget properties. However, he advises them to be careful about the quality of materials they use as it can affect the pricing of the project.
When it comes to hiring a contractor, the speaker suggests finding one through personal referrals or Facebook groups. They also recommend getting at least three bids and making sure they are apples-to-apples, with an itemized bid being preferable. Having a clear idea of materials and brand names is important to compare fair bids. The more bids and projects one does, the more knowledge they gain about prices and what they should expect. This knowledge helps with property purchases as one can determine a max bid based on the repairs needed.
One of the key takeaways from the podcast is the importance of trust between the contractor and the customer. Mike believes that it is essential to trust the contractor being hired, even if it means paying a bit more. He also emphasizes that communication is critical to ensure that the project stays on track and meets the customer's expectations.
The conversation also touches on the issue of contractors giving low bids but then increasing the price with change orders. Mike advises that customers should be cautious of such practices and should make sure to have a clear understanding of the scope of work before hiring a contractor.
Mike is passionate about electrical and construction as it has been a part of his life for a long time. He also enjoys real estate but has learned to delegate the management part to property managers. He believes that learning to delegate to the right people is a game-changer and is essential for scaling and growth. Mike has hired a business mentor and hopes to grow his construction company in the next twelve months.
In conclusion, the podcast offers valuable insights into the general contracting side of the rehab process, including hiring a contractor, setting realistic expectations, and managing the repair process. It is a must-listen for agents and investors who are looking to achieve their six-figure goals.
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Instagram: https://www.instagram.com/madlabsmike/
Facebook: https://www.facebook.com/TacticalElectric/
Website: https://tactical-construction.com/
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8
views
Learn How To Make Millions Investing In Raw Land With The Hivemind CRM
Daniel Martinez was a trucker before becoming a realtor. He lost a few deals when he first started but that didn’t deter him from this path. And eventually, he found land deals with his partner, Anthony.
Now, he is the co-founder of the Hivemind CRM and doing land deals in Texas. He did the work and built a solid foundation that allowed him to be where he is today.
Join us in this interview as Daniel shares his experiences and motivations from the start of his entrepreneurial career to where he is now. Watch until the end as he also shares some of his knowledge and techniques they use in selling land.
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Don’t Forget To Reach Out To Daniel Martinez
Facebook: https://www.facebook.com/HIVEMINDCRM/
Youtube: https://www.youtube.com/@HiveMindCRM
Instagram: https://www.instagram.com/hivemindcrm/?hl=en
Website: https://www.hivemindcrm.io/
Quotes
“One of the big reasons why I do podcasting and a lot of podcasting as a whole is just because I’m a product of it.”
“Everyone is “When is the best time to be an entrepreneur“; it’s right now, it’s not next year, it’s not two years from now.”
“People that do side hustles and 9-5s, do that, that’s the safer route. Because once you jump off the bridge, you’re falling.”
“80% of your messages are read within the first two minutes of your SMS. So you’re gonna get a lot of contacts just off that first part.”
“Employees have more opportunities in other directions. A whole new technology space of the workforce opened up about 20 years ago and that’s just getting bigger and bigger.”
“The opportunity with ‘land’ is infinite. It is getting more and more saturated but not even as close as what houses are right now. If you think about it, 80% of the US is ‘land’.”
“I’ve heard many house wholesalers say this, their biggest checks they made have been off ‘land’. And they didn’t even do land, they just had land come across them and they’re just like ‘Oh it’s the same process… I average 10-20 thousand a deal, but that one land deal I made 50 thousand.”
“I and Anthony make jokes about cashflow because most people that own rentals if they use debt to finance them, their cashflow maybe 700 per door or less… With this, that one property can get paid 10-15 grand a month if we seller finance 100% of it. For 30 years.”
“As we’re doing all this finance stuff on the backend, we’re pretty much heading down the road of being a bank. Which is the path that’s opening up to us. We’re probably heading down the bank route.”
Concepts
In a partnership, find your strengths and weaknesses and work with those so both you and your partner thrive and work efficiently.
The lead “conveyor belt” – to touch the leads in the cheapest form possible and move them down to multiple points of contact to convert that lead.
Emails and texting are one of the cheapest forms of contact.
Technology can help automate jobs so people can focus more on careers and opportunities that they want.
“Land” is easier to sell as the value can be easily assessed than in houses where a lot of factors can affect the value of the property.
A good PPC campaign can give you a lot of leads.
Splitting a huge land can speed up the process of selling as it will be more accessible to people.
Owner financing is when the buyer and the seller forego a bank and settle on terms by themselves. This can be very risky as the seller would take on the default risk of the buyer but can also speed up the process as sellers are more willing to negotiate than traditional lenders.
Learning and developing from different opportunities opens up more paths for your journey.
Time Stamps
0:00 Introduction
10:10 How did you get past your hardships at the start of your real estate journey?
11:10 What attracted you to real estate?
13:30 Motivations and successes from the beginning
15:50 Transition from single-family homes to land
18:00 Closing deals over the internet and overcoming your fear of sellers
21:30 Meeting your partner and working with them
23:40 What makes Daniel “Daniel”?
24:30 Software and Automation in Real Estate
26:00 The Hivemind CRM
30:50 How did you start Hivemind CRM?
32:05 Business plan for creating the software
34:30 Land today vs the past
35:30 Would it be good to transition from houses to land
36:10 Is land more simple than a house
37:30 Easiest way to get that first deal
39:00 Speeding up the process
40:50 Cost and Time of splitting lots
43:50 How much does it cost to make “that” deal happen?
46:10 Terms in million-dollar properties
49:10 Podcasting and what’s next for “Daniel Martinez”?
51:20 If you had a billion dollars, how would you live your life?
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From House Flipping to Note Investing: Alina Herman's Investment Strategy
In a recent podcast episode, the host interviews Alina Herman, a note buyer, investor, and tech mogul. Alina shares a lesson she learned when she invested in a note on a house through a presenter at a private lending school. The presenter claimed to be an experienced house flipper and collected money from investors to buy houses, but it turned out to be a Ponzi scheme. The escrow account was not real, and the rehab fund was never used for its intended purpose.
Alina's lesson learned is that new investors should not transfer money to the presenter and should keep control of their reserves to avoid running out of funds. Real estate is a problem-solving business, and there will always be problems to solve. This experience led Alina to re-evaluate her investment strategy and focus on note investing where she had more control and was able to work with local buyers and sellers.
Note investing involves buying mortgage notes from banks or lenders at a discount and then collecting payments from the borrower. Alina discusses the benefits and risks of note investing, including the importance of evaluating the property and borrower, and the potential for high returns. She also talks about the role of animal rights activism and her perspective on the flipping business.
According to Alina, note investing is not a passive investment, and there is always some level of risk involved. However, buying trust deeds from flippers can be a good option for investors, as they offer high-interest rate notes (usually 10-20%) that can provide a good return on investment. Alina emphasizes the need for active involvement in real estate investing and the importance of understanding the money side of the business.
To reduce risk in note investing, Alina suggests partnering up as a good option for new investors. This can provide additional expertise and support, as well as reduce the risk of loss. Alina also stresses the importance of thoroughly evaluating the property and borrower before investing in a note, as this can help to mitigate potential risks.
In conclusion, note investing can be a lucrative investment strategy, but it is not without risks. Alina Herman's experience highlights the importance of being cautious and vigilant when investing in real estate. By keeping control of reserves, partnering up with experienced investors, and thoroughly evaluating potential investments, new investors can reduce their risk and increase their chances of success in the note investing market.
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Linkedin: https://www.linkedin.com/in/alinaherman/
Instagram: https://www.instagram.com/alina_herman_coach/
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Building and Scaling Multiple Brokerages The 1st Class Way
In today's episode of The Freedom Chasers podcast, Phil Duke, a top-producing real estate agent turned broker, shared his journey to success in the industry. Duke founded the first-class real estate office in Alabama in 2019 and has since opened 11 offices across five states. In this blog post, we will discuss Duke's insights into the real estate industry and his advice for those looking to succeed.
Duke began his career in real estate sales but struggled to find success. He tried to find ways around prospecting and avoided the Mike Ferry sales system, but he eventually discovered his ability to sell as a pest control sales representative. Duke provided solutions to clients' problems instead of just trying to overcome objections. When he got back into real estate in 2015, he committed to doing whatever it takes to be successful and embraced prospecting and lead generation. He believes that this skill is crucial at any level in the industry.
One of the key takeaways from Duke's conversation is that there is no secret sauce to success in real estate, but rather 100 proven models that anyone can follow. The key is finding a model that one can consistently follow. Duke advises picking two or three things that one can do consistently, even on one's worst day or week, and just sticking to those things. He stresses the importance of getting started and meeting with buyers and sellers, regardless of whether or not they are pre-approved or interested in working with the agent.
Duke also shares his listing and buyer presentations and emphasizes the importance of presenting oneself as a consultant or coach rather than a salesperson. He advises having the same presentation over and over and knowing it so well that it can be delivered without preparation. This will help to build trust and credibility with clients and differentiate oneself from the competition.
Duke discusses how to win in the real estate industry by leading with value and providing a plan to help clients sell their homes. He emphasizes the importance of being a consultant and coach to clients and providing solutions to their problems. Duke also shares his successful recruiting strategy, which involves putting out more content, letting agents know they are looking to grow, and offering an accountability plan to hold agents to their goals. The accountability plan involves assigning accountability partners to agents for a week and having them call and text each other every day to keep each other on track. Duke emphasizes the importance of having a strong leader who can get agents to the next level and having a culture of accountability to help agents succeed.
In conclusion, Phil Duke's insights and advice offer valuable lessons for those looking to succeed in the real estate industry. His emphasis on consistent prospecting, presenting oneself as a consultant or coach, and providing value to clients can help agents differentiate themselves from the competition and win in the industry. Additionally, his successful recruiting strategy highlights the importance of leadership, accountability, and a strong company culture. By following Duke's advice, real estate professionals can achieve success and thrive in the industry.
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Facebook: https://www.facebook.com/phildukejr/
Instagram: https://www.instagram.com/1stclassphil/
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How to Know When You Are an Entrepreneur or a CEO?
Regina Gulbinas is a business scaling coach who has extensive experience in facilitating mastermind groups. In a recent interview on the Freedom Chasers podcast, she shared some of her insights into the world of business and leadership.
One of the most interesting stories that Regina shared was about a difficult experience with a client who had become angry and left an unpleasant message. She explained how she used emotional intelligence and personal power to navigate the situation and come out on top. Regina believes that building brand equity and credibility takes time and is based on consistently providing extraordinary value. When a leader establishes themselves as someone who treats others with kindness, respect, and love, people will understand that any harsh action taken by the person is called for.
Regina also emphasized the importance of speaking with certainty, removing ego from situations, and focusing on helping others. Weak leadership can lead to chaos within a community, so it is crucial to mark your territory and establish who is in charge. Furthermore, the importance of constantly refining and learning as a leader was highlighted, as good leaders are also good students. While many leaders in the Mastermind market have a good handle on things, there is always room for improvement.
Our interview highlighted the role of a visionary in a company and the importance of having a CEO to support the system and structure. Regina suggested that it is possible for a visionary to focus solely on generating ideas while a CEO implements them. She advised finding someone with complementary skills who is as hungry as you and attending events and networking to find potential candidates. Regina also noted that success depends not only on the quality of the idea but also on the ability to sell it. Lastly, she suggested that if the bills cannot be paid, it may be time to hang up the idea.
We continued with a discussion on the importance of immediate access to solutions and the value of time versus money when searching for knowledge or someone to solve a problem. Regina mentioned that CEOs often neglect the present while thinking too much about the future, and they may not understand the power of their numbers or how to lead teams effectively. She suggested taking time to hire top executives and not rushing into the process to avoid hiring the wrong person. However, if a highly recommended candidate with an outstanding resume and references shows up, it is okay to hire them on the spot.
Regina also shared her thoughts on turning around smaller and medium-sized businesses in a matter of months by increasing margins, firing clients, replacing employees, renegotiating debt, and shuffling things around. For startups, she suggested hiring as soon as possible and preselling products or services to fund operations and hire additional talent. Regina stressed that companies should scale profitability rather than chaos and grow smartly to avoid financial problems, bad payment terms, or negotiating unfavorable prices with suppliers. Thin ice can refer to thin margins, bad payment terms, unfavorable pricing with suppliers, or adding too many employees.
In closing, Regina talked about how she has shifted to working with more entrepreneurs in the online space but misses the caliber of conversations she used to have with CEOs. She emphasized that the main components of a business are people and money, and the conversations around infrastructure are generally the same. However, the biggest depth comes from the human aspect of a CEO's personal problems, which require a lot of compassion, humility, and passion to facilitate. Regina plans to get back into reorganizing and purchasing small businesses in the next 12 to 18 months.
Overall, Regina Gulbinas offers valuable insights and advice for leaders and entrepreneurs looking to build successful businesses. Her emphasis on emotional intelligence, personal power, and focusing on helping others is particularly noteworthy, as is her advice on scaling profitability rather than chaos. Whether you are a seasoned CEO or a startup founder, there is much to learn from Regina's experience and expertise.
Don't forget to reach out to Regina Gulbinas:
Website: https://www.reginagulbinas.com/
Facebook:https://www.facebook.com/ReginaGulbinasBusinessStrategist/
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Twitter: https://twitter.com/ReginaGulbinas
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16
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