Listen on:
Episodes
Tuesday Jul 19, 2022
Tuesday Jul 19, 2022
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
Friday Jul 15, 2022
Friday Jul 15, 2022
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
Tuesday Jul 12, 2022
Tuesday Jul 12, 2022
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
Friday Jul 08, 2022
Friday Jul 08, 2022
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: hayden@haydencrabtree.com
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
Tuesday Jul 05, 2022
Tuesday Jul 05, 2022
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
Friday Jul 01, 2022
Friday Jul 01, 2022
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
Tuesday Jun 28, 2022
Tuesday Jun 28, 2022
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
Friday Jun 24, 2022
Friday Jun 24, 2022
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
Tuesday Jun 21, 2022
Tuesday Jun 21, 2022
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
Friday Jun 17, 2022
Friday Jun 17, 2022
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