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Episodes
Tuesday May 10, 2022
Tuesday May 10, 2022
Sam Wilson is an active investor in self-storage, parking, retail, multifamily apartments, RV parks, and single-family homes. He hosts the "How to Scale Commercial Real Estate Podcast", where he interviews real estate experts to give listeners the tips, tools, and tricks to scale their investment portfolio.
In this episode, Sam shares how going after every shiny object gets you distracted and lets you keep spinning the wheels and not making any progress. Focusing on one thing and strategically doing things get you success. And he advocates that for growth to happen, you need to get comfortable with getting uncomfortable.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you will learn from this episode:
Uncover the mindset that will get you to narrow your focus and be successful at it
Discover the wisdom behind 'getting uncomfortable' in achieving growth
Learn how to go deep, not just wide
Resources:
Get your FREE checklist on How to Vet a Deal in 10 Minutes. Click here: https://brickeninvestmentgroup.com/checklist/
Topics Covered:
01:09 - How his childhood experience got him started in real estate
04:25 - Why saying no is the way to go
06:35 - Going deep instead of wide
08:06 - What brought him to streamline his real estate business
10:37 - Sharing lessons learned in getting uncomfortable
13:19 - What he recommends for someone to get 'uncomfortable' with
15:43 - Resources you can make use to scale your commercial real estate
Key Takeaways:
"For me going no, no, no, no, no until the one yes makes a whole heck of a lot of sense. I mean, we've streamlined down. There are two asset classes, I work in self-storage and multifamily right now, and that's it." - Sam Wilson
"If you're going to scale, if you're going to do anything meaningful, and grow it, it needs to be like the whole idea of sunlight versus a laser." - Sam Wilson
"I think for me slowing down to speed up, saying no, is more valuable than saying yes." - Sam Wilson
"Growth only happens with discomfort, as the best things in life; if you want a six-pack, you're going to have to work out." - Sam Wilson
"If you want to progress beyond, whatever ceiling you've hit, get uncomfortable." - Sam Wilson
"Find one thing that you want to become or one goal or one something. You go, 'Gosh, I'd love to…' Find out what fills in at the end of that sense." - Sam Wilson
Connect with Sam Wilson:
Website: https://brickeninvestmentgroup.com/
Podcast: https://brickeninvestmentgroup.com/podcast/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
Friday May 06, 2022
Friday May 06, 2022
Sharon Restrepo is a best-selling Author, National Speaker, Educator, Real Estate Investor, and Brokerage Owner, caters to investors worldwide. Sharon has been investing, teaching, and sharing her unique knowledge with others for over 25 years. She believes success comes from sharing incredible value with her students and clients, focusing on their success first. Her motivating story of overcoming the loss of her first husband at such a young age is not only inspiring but proves that even those facing tough obstacles can reach their goals with determination and the right influence.
In this episode, Sharon shares how wholesaling saved her life after she lost her husband and allowed her to know the ins and outs of real estate investing, giving her the lifestyle freedom she wants. She also talks about the strategy she uses to close deals and earn well.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you will learn from this episode:
Find out what makes this investing strategy a lucrative way to start, even for newbie investors
Learn how to know and find out everything there is about this investment strategy, get paid well but have limited risk
Discover strategies on how to get deals that work now as they did years ago
Resources:
Get a copy of Sharon's book: Exposing the Truth Behind the Lies of Real Estate Investing. Click here https://www.sharonexposesthetruth.com/
Topics Covered:
00:52 - What made her go on the path of real estate
01:57 - How she dove headfirst into real estate investing
04:58 - Identifying wholesaling as her favorite strategy
06:04 - Perfecting a system over the years and leveraging it
08:25 - What she did years ago that still works now
11:14 - Doing things to stand out from the competition
13:16 - Going after the solution rather than the deal itself
14:29 - Advantage of positioning yourself the right way
17:18 - Get a copy of her book: Exposing the Truth Behind the Lies of Real Estate Investing.
Key Takeaways:
"You might wait four months before you get paid. But your wholesale deals are happening in 30 days or less. And so, you've got everything kind of moving and growing in your pipeline, and you're constantly getting paid." - Sharon Restrepo
"For the brand new investor, I just think it's a great strategy because it's really, I don't know how much more you can make money as a real estate investor and reduce the risk and learn everything you need to learn about the business with that limited risk, and then making money in 30 days or less on these deals." - Sharon Restrepo
"I've always believed in doing what your competition doesn't do. So, whatever the majority of them do is probably the thing to stay away from, because you're going to spend a lot of money per lead, because everybody's doing the easy thing." - Sharon Restrepo
"My big thing is, let's not chase the money or the deal, but let's chase the solution for the seller. And I think when we do that, well, then the fruit of that is getting paid." - Sharon Restrepo
Connect with Sharon Restrepo:
Website: https://www.sharonrestrepo.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
Tuesday May 03, 2022
Tuesday May 03, 2022
If you're thinking about doing development deals, then you've come to the right place. Have a listen to this week's podcast episode. Our guest explains how narrowing your niche will give you a competitive advantage and have people see you as an expert in your field.
Tyler Cauble started his commercial real estate career with a boutique development firm at the age of 21. Before the age of 25, he had sold over $12,000,000 in commercial real estate. In the commercial real estate industry, the average broker is 54 years old. As a millennial, Tyler became more and more frustrated with the industry's inflexibility, lack of innovation, and resistance to new technology. To give him the freedom to innovate and disrupt the industry, he went out on his own and created The Cauble Group.
In this episode, Tyler shares how tough it is to be managing development deals. He suggests how you can best start in the developmental real estate business other than just reading book resources and listening to podcasts. He also underscores the mistakes newcomer investors usually make so you avoid the high cost of committing them. It's also interesting to hear about ways to find qualified investors and marketing strategies and tactics to find new investors.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you’ll learn in just 17 minutes from today’s episode:
Find out the mistakes newbie developers make, and how to avoid them
Learn why with development there are 'riches in niches'
Discover Tyler's way to invest and learn at the same time
Resources:
Are you interested in a whole bunch of resources that you need to get started in commercial real estate? Click here: tylercauble.com/dubeau
Topics Covered:
00:54 - How he found his niche in real estate
02:48 - The best way to get started in development deals
04:28 - What newbie investors normally do wrong
06:15 - Advantage of being specific with your market
09:06 - Finding new investors to raise capital from
10:22 - Using Instagram or YouTube to find new investors
12:02 - Creating video content for your social media platforms
13:16 - Looking for investors from social media without messing up with SEC
15:47 - Educating people to help with the 'know-like-trust' factor
Key Takeaways:
"There was not really anything major that would surprise me now on every development deal. There's always a surprise; something always comes up. But I learned how to deal with things like that. Like you said while getting paid to work for somebody else. That to me is huge for commercial real estate development and development in general." - Tyler Cauble
"Mistakes you'll see newbie investors make, they'll ask too much for rent, or they'll ask too little for rent, and you just don't properly negotiate your financing terms. I mean, those commercial loan documents are extensive; you can negotiate them. I highly recommend you get an attorney involved to help you with that." - Tyler Cauble
"One of the first things that we did helped us grow as fast as we did for the last three, almost four years; we've almost exclusively focused on East Nashville. So not just one market, we have focused on a submarket within that market, that allowed us to have more knowledge than anybody else." - Tyler Cauble
"Finding your blue ocean, niching down into your little neighborhood or whatever you want to do; that was super beneficial for us." - Tyler Cauble
Connect with Tyler Cauble:
Website: Commercial Real Estate in Nashville | The Cauble Group
Instagram: https://www.instagram.com/commercial_in_nashville/
LinkedIn: https://www.linkedin.com/in/tylercauble/
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
Thursday Apr 28, 2022
Thursday Apr 28, 2022
Have you ever had a professional setback or humiliation that you thought had sunk you? Worried that you might not be able to get back on track.
If so, today's podcast might just be exactly what you need to hear...
Joe Mendoza is a Worldwide Business / Real Estate Coach in the US and other near countries. He’s been a Real Estate Broker for 20 years, and has written the books “Flex With A Plex” and “Make It A Comeback”.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 15 minutes from today's episode:
Find out what it would take for you to have longevity in real estate and investing, especially for those who are just getting started;
Understand why mindset matters in doing business, what you should dig in and develop when trying to surpass challenges; and
Learn what the "drunk monkey" and the "rubber band technique" are, and the #1 practice you need to be doing at all times.
Resources/Links:
Flex With A Plex: An Introduction To Investing in Real Estate: https://www.amazon.com/Flex-Plex-Introduction-Investing-Estate/dp/B08GRQ9373
Make It A Comeback: Quick Tips To Get You Back On Track: https://www.amazon.com/Make-Comeback-Quick-Tips-Track/dp/B08FTFYD3Q/ref=sr_1_6?qid=1646128819&refinements=p_27%3AJoe+Mendoza&s=books&sr=1-6&text=Joe+Mendoza
The Real Estate Raw Show: https://podcasts.apple.com/us/podcast/the-real-estate-raw-show/id1526322681
Topics Covered:
00:58 – What sparked Joe’s interest in real estate
01:44 – The things Joe has been focusing on since he started his real estate journey
02:21 – Why it’s important for you to know why you’re doing the business in the first place
03:28 – How to determine what you're real why is
03:53 – A mentee who was able to reconnect with her passion in doing business
06:02 – The drunk monkey vs. the rubber band technique
08:00 – What inspired Joe to write his book “Make It A Comeback”
09:37 – Practicing gratitude: one of the main points of “Make It A Comeback”
11:48 – Talking about his book “Flex With A Plex”
13:10 – What it took Joe for him to have longevity in real estate and investing
14:06 – Connect with Joe Mendoza
Key Takeaways:
“Definitely, bigger, for me, is better at this point.” – Joe Mendoza “For sure, clarity is power. You clearly got to define your why, whether it be being a realtor or investor, because there are days when you don’t want to do it, you don’t wanna push harder, you don’t want to do that extra mailer. And if you look at your why’s and turn it back into a ‘why am I doing this?’ that’s exactly when you’re going to push a lot harder.” – Joe Mendoza “Look at people you care about. Look at maybe helping others. Take the eyes off of yourself and think about what they want. How could you help them? How could you make a difference in them? You’ll definitely survive longer in real estate.” – Joe Mendoza “Done is better than perfect.” – Joe Mendoza “Every day, you should be starting off with your gratitudes. If you’re not grateful for what you already have, how can you get more and be grateful for what you’re gonna get next? Appreciate every single thing that you have – from being alive, from having your sight, from having your hearing, from having your roof over your head, from having a significant other, your kids, your dogs, your cats, etc. Those little things. Because if you’re just constantly chasing things, those superficial things, and not appreciating what you already have, when you get there, you’re gonna have this emptiness of like, what’s next?” – Joe Mendoza “Number one, continue to learn. Never, ever, ever stop learning. It never ends. Number two, surround yourself with such amazing, influential, positive people. Number three, think about others. Think about ways you could help others, whatever way you can because the more you contribute love, the universe, or whatever you believe in, it reciprocates tenfold.” – Joe MendozaConnect with Joe Mendoza:
Email: coachjoemendoza@gmail.com
Website: https://joemendoza.com/
Website: https://www.coachjoemendoza.com/
Podcast: https://podcasts.apple.com/us/podcast/the-real-estate-raw-show/id1526322681
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
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Tuesday Apr 26, 2022
Tuesday Apr 26, 2022
Car washes... business or real estate investment? Both?If you have played Robert Kiyosaki's "Cashflow 101" board game, you mayremember that buying a car wash was one of the 'big deals' in the game.In today's episode, we take a look at it in real life.Today's guest, Steffany Boldrini has founded businesses, been part of a number of successful startups, and been an angel investor in Silicon Valley.Nowadays she's focusing on building a portfolio of car washes.
In this episode, Steff shares the benefits of investing in car wash properties, and why this is such a little-known gem in the real estate market.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 13 minutes from today's episode:
Figure out why real estate investing is much safer than startups, angel investing, and pretty much anything else (when done right);
Understand how big of a catch it is to invest in car washes at a time when they are not as popular as the other sectors; and
Get tips on how to effectively manage your portfolio even when you’re living a great distance away
Resources/Links:
Commercial Real Estate Investing From A-Z podcast: https://podcasts.apple.com/us/podcast/commercial-real-estate-investing-from-a-z/id1451874700
Topics Covered:
00:58 – How Steff got hooked in investing in real estate
02:03 – Working with her partner’s retail investors before shifting to invest in car washes
02:40 – What Steff likes about running the business of investing in car washes
04:24 – People not thinking about investing in car washes, especially the self-served ones
06:04 – The numbers that show from doing real estate in car washes
07:59 – Steff shares ways on how you can add value to boost the business
09:21 – Steff’s biggest learning curve with the car wash business
10:25 – The employees of the properties alongside the responsibilities they carry
11:39 – Where the car wash properties are located
12:01 – Connect with Steff Boldrini
Key Takeaways:
“It’s a lot of work. It’s a billion moving parts. I have probably 100 SKUs of products that could possibly be purchased throughout the year. Things break all the time. Employees can be not that great. It does take a lot of time. But obviously, everything can be delegated to the property manager. It’s just this is the first portfolio of car washes. I’m really making sure that I understand everything from top to bottom before handing it off to some local manager.” – Steff Boldrini “If you start with a good cap rate and you add value in the multiple ways that you can, obviously, you can get a really good return at the end of the day.” – Steff Boldrini “Biggest learning curve… really hands-on, it is, especially when I'm managing from afar. You really need to be on top of it. You need to put cameras on the property, alarms. People try to steal things all the time and people cut things off. Had a lot of employee issues. Just got up, powered through it, figured it out.” – Steff BoldriniConnect with Steff Boldrini:
Podcast: https://podcasts.apple.com/us/podcast/commercial-real-estate-investing-from-a-z/id1451874700
Email: steff@montecarlorei.com
LinkedIn: https://www.linkedin.com/in/steffbold/
Facebook: https://www.facebook.com/steffany.boldrini
Website: https://montecarlorei.com
Telephone: (415) 735 - 5572
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
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Friday Apr 22, 2022
Friday Apr 22, 2022
What makes you take the plunge into full-time real estate investing (akaquite your job)? Today's guest will show us how...
Cody Lewis is a founding partner of Vendue Capital, LLC. He is involved in property acquisition, investor relations, and asset management for the company.
In this episode, Cody shares how he successfully leaped into doing real estate investing full time after spending years working in a tech company.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
Understand the importance of having open communication in the business of real estate investing, especially when you’re in a partnership;
Discover the advantage of working with people who know you and whom you know;
Find out how to dramatically increase your capital raising results by avoiding 'verbal commitments' and getting something much better instead.
Resources/Links:
Vendue Capital: https://www.venduecapital.com/
Real Estate UnSuccess Stories: https://podcasts.apple.com/us/podcast/real-estate-un-success-stories/id1567235916
Topics Covered:
00:54 – The story behind Cody’s shift into doing real estate investing full time
04:20 – Plotting a quadrant of responsibilities that make up a real estate company
05:48 – How Cody and his partner make their partnership work
07:59 – The marketing side of Vendue Capital; having the trust of people around them
09:44 – Choosing their potential investors and eventually reaching out to talk
11:02 – How Cody and his partner know who the best catches are
12:42 – A lesson Dave learned the hard way
14:08 – Cody’s thought process and goal behind his podcast
16:07 – Connect with Cody Lewis
Key Takeaways:
“We can’t be where we’re at today without our family.” – Cody Lewis “It was an eye-opening moment that no matter what size or value the company has, you’re still working for somebody else, and they have control over your career.” – Cody Lewis “Anytime you’re partnered with somebody, it doesn’t matter how long you’ve known them; the business will have ups and downs, you’ll have ups and downs from personality, relationship, and standpoint between the two people. It just goes back to how you got to have open communication, especially in a partnership. That is the most crucial and fundamental thing that you’re going to have.” – Cody Lewis “Let’s connect with these people. One, help them understand what we’re doing; Secondly, why we made the decision to do it.” – Cody Lewis “It’s a lot harder, in my belief, to go and have a really difficult sales cycle or difficult sales process with the individual or whoever if you don’t have that momentum behind you. It’s an uphill battle.” – Cody LewisConnect with Cody Lewis:
Email: cody@venduecapital.com
Website: https://www.venduecapital.com/
Podcast: https://podcasts.apple.com/us/podcast/real-estate-un-success-stories/id1567235916
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
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Monday Apr 18, 2022
Monday Apr 18, 2022
Do you know the real estate way to wealth and freedom? It’s finding massively discounted properties - picking the best for yourself and selling off the rest. Today's guest, Zack Boother will show us how!.
Zack Boothe is the host of the Driving For Dollars Mastery podcast, where Zack shares his insider secrets to finding massively discounted properties regardless of experience level. Zack went from a successful window cleaner to an even more successful millionaire, a real estate investor.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
Discover the power behind doing wholesale in addition to holding properties.
Find out to do the math when doing marketing and getting wholesale deals;
Understand why spending 25cents or less to make a dollar through your marketing strategy is a smart target to shoot for.
Resources/Links:
Driving For Dollars: https://dfdmastery.com/
Driving For Dollars Mastery podcast: https://dfdmastery.com/podcast/
Rich Dad Poor Dad: https://store.richdad.com/collections/books/products/rich-dad-poor-dad-what-the-rich-teach-their-kids-about-money-that-the-poor-and-middle-class-do-not
Mojo Dialer: https://www.mojosells.com/
Living Your Best Year Ever: https://www.amazon.com/Living-Your-Best-Year-Ever/dp/B071V2T8MJ
Zack’s Free Resource: The 7 Reasons Why Driving For Dollars is the Fastest Way to Make a Fortune in Real Estate Investing
Topics Covered:
00:57 – Shifting from being a window cleaner to becoming a real estate entrepreneur
03:30 – The time Zack started exploring real estate through doing wholesale then later on establishing Driving For Dollars
05:18 – Zack explains what Driving For Dollars is all about
07:12 – The size of market Zack’s focusing on
09:37 – Doing cold calls, sending text messages and postcards
10:22 – The minimal size of a market that’s viable for someone to start with
12:52 – How the journal Living Your Best Year Ever helped Zack help other people
15:30 – Free resource: The 7 Reasons Why Driving For Dollars is the Fastest Way to Make a Fortune in Real Estate Investing
Key Takeaways:
“I went all in, made a lot of mistakes. It wasn’t very pretty. I wasn’t the smartest guy in the world. I still don’t think I’m the smartest guy in the world. But I rolled up my sleeves, I had a wonderful mentor that gave me action steps, and it changed my life; it really did.” – Zack Boothe “Everything that I do, my podcast, everything is branded Driving For Dollars because that marketing strategy, that way to find deeply discounted properties changed everything for me.” – Zack Boothe “Most people think you need this giant team and giant company to build a million-dollar company as I have with Driving For Dollars, but with the technology of today, that’s not the case.” – Zack Boothe “The math you have to look at is what’s the median house’s price in your market? Times that by 0.1 which will give you 10% which should be your average wholesale deal. Times that by 0.25 and that’s how much you can expect to spend on marketing, and it doesn’t matter if you’re texting cold calling or postcards. My most expensive as far as cost per dollar is about 18 or 19cents to make a dollar with cold calling, and that counts paying in-house cold callers 18 bucks an hour.” – Zack Boothe Connect with Zack Boothe:
Website: https://dfdmastery.com/
Email: zack.boothe@gmail.com
Podcast: https://dfdmastery.com/podcast/
LinkedIn: https://www.linkedin.com/in/zackboothe
Facebook: https://www.facebook.com/dfdmastery/
Instagram: https://www.instagram.com/zackboothe/
YouTube: https://www.youtube.com/channel/UCL9LDToGJCruOImtdwvnXBw
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
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Thursday Apr 14, 2022
Thursday Apr 14, 2022
There's a way to massively leverage your local real estate investment associations (REIAs) / clubs/meetups that you need to know about...and our guest on today's episode will show you how...
Jimmy Vreeland is a graduate of West Point battle-hardened US Army Ranger who served in Iraq and Afghanistan. Now he's a very successful real estate entrepreneur.
In this episode, Jimmy discusses the connection between doing real estate and the concept of "seen vs. unseen".
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 18 minutes from today's episode:
Discover what Frédéric Bastiat’s seen vs. unseen concept is all about;
Understand how the seen vs. unseen concept is related to real estate in general, especially in raising capital; and
Find out how you can achieve financial freedom faster
Resources/Links:
That Which is Seen and That Which is Not Seen: https://www.amazon.com/gp/product/1409979008/ref=x_gr_w_bb_sout?ie=UTF8&tag=x_gr_w_bb_sout-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=1409979008&SubscriptionId=1MGPYB6YW3HWK55XCGG2
Cashflow Tactic’s 5-day challenge: http://www.cashflowtactics.com/5daychallenge
Topics Covered:
01:38 – Introducing Frédéric Bastiat and what his seen vs. unseen concept is all about
03:07 – Identifying the seen vs. unseen of having minimum wage in a political context
05:25 – The seen and the unseen of the 2008 crash in real estate aspects
05:59 – Where Jimmy chooses to invest in
06:36 – The connection between raising capital and the seen vs. unseen concept
08:53 – Looking for the unseen: how banks make money
10:00 – The seen and unseen of most houses being on sale
11:12 – What the third and fourth level consequences around super cheap money are
13:11 – Jimmy’s tip for today’s listeners: Real estate doesn’t fail but real estate investors do
15:06 – What percentage of one’s net worth should one have liquid?
15:41 – Connect with Jimmy Vreeland
16:53 – Jimmy’s giveaway: A 5-day financial challenge
Key Takeaways:
“We want everybody to have a living wage. We want everybody to be paid amply. We all want people to be compensated well. At the end of the day, we don’t want anybody to be poor.” – Jimmy Vreeland “It’s hard to raise capital. It’s hard to get people to lend you money to buy real estate. But right now, in the current market, capital is begging for you, walking on its hands and knees for you.” – Jimmy Vreeland “Banks don’t care. They need to get their margin. They need to push money out the door.” – Jimmy Vreeland “There are no low-interest rates without inflation which leads to a hike in inflation.” – Jimmy Vreeland “This is one of the best rules I learned in the Army: You can do really scary things if you’re trained before it. You can do really scary things with a minimum amount of risk if you’re trained.” – Jimmy Vreeland “Just know that real estate doesn’t fail. Real estate investors fail and they fail because they can’t service their long term debt.” – Jimmy Vreeland “Every real estate investor needs to have a liquid reserve of cash.” – Jimmy VreelandConnect with Jimmy Vreeland:
Website (Cashflow Tactics): https://cashflowtactics.com/
Website (Vreeland Capital): https://vreeland-capital.com/
Website (St. Louis Leasing CO): stl-leasing.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
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Monday Apr 11, 2022
Monday Apr 11, 2022
With the way real estate prices are going these days, many investors are worried about overpaying for properties and timing the market. Today's guest works and invests in one of the hottest markets in North America and he's got an interesting perspective on this that I think you'll enjoy. ...Plus, he's created a pretty cool lifestyle philosophy thanks to real estate investing, where he's able to take a number of 'mini sabaticles' every year with his family and his businesses keep running and growing without him.
Gary Hibbert is a full-time Real Estate investor, award-winner Real Estate agent and broker, as well as an educator.
In this episode, Gary discusses when’s the right time to get involved in real estate markets, the importance of focusing on the fundamentals, and how you can achieve a successful real estate career and still have the time to live life.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 16 minutes from today's episode:
Understand why you shouldn’t worry too much about timing the market;
Discover the importance of focusing on the fundamentals and seeing things from a long term perspective; and
Find out how you can get a cash-flowing property in a crazy market and still have time to live the life you want to live.
Resources/Links:
Smart Home Choice Inc.: https://smarthomechoice.ca/
Real Talk With Gary – Real Estate Investing: https://podcasts.apple.com/ca/podcast/real-talk-with-gary-real-estate-investing/id1437187189
Topics Covered:
01:05 – When should one get involved in crazy real estate markets?
02:40 – Learning from real estate investors and focusing on the fundamentals
04:01 – Why you should be careful in areas with only one industry
04:41 – Getting a cash-flowing property in a crazy market like GTA
07:21 – Creating an opportunity in times you can’t find one
09:36 – Interest rates during times of active inflation
11:00 – Being able to execute a massive action and still have time to live life
14:20 – How’s it like working with his wife and having the kids involved in the dreaming as well
15:33 – The benefits of having a club and a podcast and being able to keep it going
17:26 – A short recap of what has been discussed in this episode
18:24 – Connect with Gary Hibbert
Key Takeaways:
“It’s been an incredible journey to get to where I am, knowing where I was before. And it really kind of shows us that anybody can do this if you put your mind into it.” – Gary Hibbert “Just shut the noise out. Don’t pay attention to what the mainstream media is saying and hyping up. Just be careful of where you’re getting your information. What you’d want to do is you’d want to start listening to real estate investors and listen to what people are doing that are actually on the street. Lots of people have tuned out that noise because what they do is they focus more on the fundamentals, they’re focusing on long term growth.” – Gary Hibbert “Look at the long term. That’s how you pick the right area to invest in.” – Gary Hibbert “If you can’t find the opportunity, create it.” – Gary Hibbert “We really kind of divide and conquer. What she’s good at, she does. What I’m good at, I will do. But we definitely dream together, and we bring the kids into the dreaming as well. What that does is it instills those values into them, too, of not just flowing down the river of life but actually having a strategic game plan for a life of what you want.” – Gary Hibbert “Along the way, you will fall down, you will scratch your knee, you will bruise your shoulder, but that’s part of it. That’s the journey. That’s the fun part of everything that you’re doing. It’s not the destination.” – Gary HibbertConnect with Gary Hibbert:
Website: https://smarthomechoice.ca/
Instagram: https://www.instagram.com/garyhibbert/
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
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Thursday Apr 07, 2022
Thursday Apr 07, 2022
If you are into MULTI-FAMILY Investing (Apartments) or are thinking about it - today's podcast interview will show you the importance of dialing in your relationship with your broker, as well as some ideas on asset management well.
Pancham Gupta is the Co-Founder and Principal of Mesos Capital and is also a co-founder of the Multifamily Mastermind NYC group. He has a master's in Information Networking in Computer Science from Carnegie Mellon University. Pancham has bought and invested in properties in 5 different states and internationally. Pancham is great at finding value propositions and has successfully built a portfolio that is cash-flowing in double digits.
In this episode, Pancham shares the importance of asset management and broker relations with regard to managing commercial multifamily properties.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 16 minutes from today's episode:
Discover what asset management is and what roles an asset manager must perform in a company;
Understand the importance of having a high-level relationship with brokers in the market; and
List down tips and learn through stories with regards to the importance of asset management and broker relations in managing properties
Resources/Links:
SendOutCards: https://www.sendoutcards.com/app
Mesos Capital: https://mesoscapital.com/
The Gold Collar Investor Podcast: https://thegoldcollarinvestor.com/show/
Top 6 Reasons to Invest Outside of Wall Street (Guide): https://thegoldcollarinvestor.com/download/
Topics Covered:
00:49 – What “asset management” means to Pancham alongside a corporate example beforehand
02:38 – The roles an asset manager is tasked to fulfill in a company
04:32 – An example of how an asset manager works in a corporation
06:51 – Tips for people who want to get better at managing their own properties, especially those that need repair
09:18 – The importance of having broker relations alongside some tips on how to get started on having one
12:12 – How to let brokers know that you’re not the type to waste their time
13:31 – Useful service to try when wanting to stay in touch: SendOutCards
15:35 – Markets Pancham and his team are in where they maintain high-level relationships with brokers
16:20 – What Mesos Capital is all about
16:54 – Check Pancham’s podcast and grab a copy of his guide called the Top 6 Reasons to Invest Outside of Wall Street
Key Takeaways:
“Asset management is really that management role where you are making sure that all the things that are needed to execute on the business plan for a commercial multifamily building are getting done and in a manner that you would like it to get done.” – Pancham Gupta “As an asset manager, what we do, really, is to make sure all the things that are happening on the ground are happening properly.” – Pancham Gupta “Make sure that you’re doing the bookkeeping properly and attributing all the expenses properly. This will start giving you an idea of how much you’re spending where. Get three quotes for anything until you build that database of things in your head and your spreadsheets of how much particular item costs.” – Pancham Gupta “It is very, very important, very critical to set a payment schedule with the contractors. It’s a very hard conversation to have when you’ve paid 100% of the money and you’re not happy with the work. Make sure that you have a very clear payment schedule and expectation management when it comes to who is getting paid when and what is, in return, they’re getting for that amount of work at that point.” – Pancham Gupta “You have to spend the time and the money. If you do what you say you’re gonna do, trust me, they (the brokers) will start noticing it. But if you have not ever done a multifamily deal before, then it’s hard. You’ll have to buy that credibility by partnering with people who have done this before.” – Pancham GuptaConnect with Pancham Gupta:
Website: https://mesoscapital.com/
Website: https://thegoldcollarinvestor.com/
Podcast: https://thegoldcollarinvestor.com/show/
LinkedIn: https://www.linkedin.com/in/panchamgupta
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
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