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Monday Apr 04, 2022
Monday Apr 04, 2022
Today's guest, Gualter Amarelo is the author of the books “Broke To A Quarter Million” and “Get The Deal”.
Over the years, he’s earned millions through his businesses and real estate investing - But Gualter wasn’t always a success. In fact, for about 10 years, he struggled with a series of failed business ventures – wondering why it seemed impossible to get any of his ideas off the ground.
At one point he was so broke he had to move in with his brother – embarrassing at any age, but especially at age 30! Then, he received some advice that would change his life forever...and allow him to create wealth in less than 5 years.
Now, at the age of 35, a multimillionaire Gualter Amarelo with $10,000,000 in Real Estate Assets as the co-founder of South Coast Capital Investments, public speaker, author, Developer, and Real Estate Mentor.
In this episode, Gualter explains how you can find quality motivated seller leads and get the deal going.
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 how effectively lead generation and do cold calling are such effective forms of real estate deal-flow marketing;
Discover tips from an expert himself on how to get quality leads; and
Find out the difference between how wholesalers and real estate agents do their work in getting deals, especially when you’re just starting your real estate journey
Resources/Links:
Gualter’s book called “Get The Deal”: https://www.amazon.com/gp/product/B08TGH13TV/ref=dbs_a_def_rwt_bibl_vppi_i1
Topics Covered:
00:59 – From being broke to acing the real estate world; writing a book around his own process of getting deals
01:49 – What kind of properties does Gualter focus on?
02:48 – Gualter’s current markets are Massachusetts and Florida
03:30 – What Gualter’s process looks like and how it works: learning how to lead generate
05:04 – Doing all the work back in his early days in real estate before finally shifting to cold calling
06:04 – Having real estate agents do the work happily, and why agents are more preferable than wholesalers when it comes to negotiations
09:32 – Gualter’s tips on finding quality leads
10:57 – Following a rule of five on determining lists and doing calls with leads
12:07 – Population of markets in Massachusetts alongside Gualter’s ideal number of leads for that size
15:48 – The cons of managing 25 outsourced people with only 5 of those actually doing things
16:54 – Grab a copy of Gualter’s book called “Get The Deal”
Key Takeaways:
“I kept finding out over and over that all millionaires had real estate and that was the way they built wealth. That’s how I dove into it.” – Gualter Amarelo “You really got to evaluate yourself as a human being. What is your problem? Every person has one of two problems – either you have too much time or you have too much money. If you have too much time in your hands, then it’s time to learn how to lead generate, and lead generation really comes from knowing where the person is, knowing who has what you’re looking for.” – Gualter Amarelo “As you’re building your team, focusing your team on cold calling is going to be the most effective form of marketing; not cold calling a nobody, but cold calling on the right people.” – Gualter Amarelo “Agents, they don’t like to actually work. They want free leads. 9 out of 10 agents won’t actually do the work. If you hand a list to an agent, you really got to follow up, really got to check in on them. But 1 of those agents, 1 out of 10, will actually be a killer, and those are the people you’d want to nurture and really build relationships with and encourage because agents are the partier of the world.” – Gualter Amarelo “A lot of times, it’s realizing that this person’s probably not ever gonna do anything and just being okay with it and reducing the amount of time you’re spending with them.” – Gualter Amarelo “People who show up to training do well. People who don’t, don’t. Results will vary.” – Gualter AmareloConnect with Gualter Amarelo:
Website: www.gualteramarelo.com; www.ibuildmillionaires.com
LinkedIn: https://www.linkedin.com/in/gualteramarelo/
Facebook: https://www.facebook.com/Gualteramarelojr
YouTube: https://www.youtube.com/channel/UCUravNwUwij9gBRsAIwfV7A
Instagram: https://www.instagram.com/gualteramarelo/
Email: gualteramarelo@gmail.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
Thursday Mar 31, 2022
Thursday Mar 31, 2022
William Morales has been in the real estate industry for the past 10 years. He hosts the Peer 2 Peer Real Estate Podcast where he helps investors – mostly the new ones – in cutting the learning curve of investing down from the industry’s experts. Peer 2 Peer Real Estate Podcast mainly focuses on creative financing, subject to lease options and owner financing. Through this podcast, William gets to talk with those we don’t often hear about – the contractors, asset protection lawyers, etc. In this episode, William talks about his real estate journey, specifically focusing on having creative deals, as he shares his takeaways from each deal he’s closed in the past years.
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 it’s a must for you to have the act of following up a part of your real estate practice;
Discover websites/links that can help you dive deeper into the industry and broaden your connection circle; and
Find out the beauty behind having creative deals in doing real estate investing.
Resources/Links:
Rich Dad Poor Dad: https://store.richdad.com/collections/books/products/rich-dad-poor-dad-what-the-rich-teach-their-kids-about-money-that-the-poor-and-middle-class-do-not
The Beginner’s Guide to Real Estate Investing: https://www.amazon.com/Beginners-Guide-Estate-Investing-Second/dp/047018342X/ref=sr_1_2?keywords=the+beginner%27s+guide+to+real+estate+investing&qid=1645441098&sprefix=the+beginner%27s+guide+to+real+e%2Caps%2C385&sr=8-2
Realtor.com: https://www.realtor.com/
Zillow: https://www.zillow.com/
Facebook: https://www.facebook.com/
Facebook Marketplace: https://www.facebook.com/marketplace/
ForSaleByOwner.com: https://www.forsalebyowner.com/
Topics Covered:
00:45 – How a book inspired William to start his journey in real estate investing
02:52 – Talking about creative deals: the first property from realtor.com and his decision to do buy and sell
05:08 – The lesson William learned from that first big deal
06:16 – What the realtor got after closing that deal with William
08:11 – More about the realtor William had a deal with
08:49 – William’s second deal: a lease-purchase/rental, alongside his not-so-good experience in Zillow
12:48 – William’s plan for the future: continue having creative deals and grow bigger on it
14:30 – Peer 2 Peer Real Estate Podcast and how it came to existence
Key Takeaways:
“It took me from 2007 to 2017 – 10 years – before I did anything. I did my real estate stocks, I invested in REITs and things like that because I was all over the place.” – William Morales “Take something and just stay with it. Don’t be like me and be all over the place.” – William Morales “The first deal [lesson] was not to give up. Be more persistent and follow up. I should’ve done more but I didn’t. I was lucky that the realtor called me back weeks later.” – William Morales “I’m not giving rental credits and I’m not getting any myself. No interest. It’s pretty much principal pay down. We pass taxes and insurance to the tenant-buyer, but that money that I get, I put it away; never touched it. Just in case if I need that money, if I need to foreclose or evict, more foreclose on the tenant-buyer, I have their money set aside.” – William Morales “Keep track of everything.” – William Morales Connect with William Morales:
Podcast: https://www.peer2peerrealestate.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 Mar 28, 2022
Monday Mar 28, 2022
There's a way to massively LEVERAGE your local real estate investment association (REIA) / clubs/meetups that you need to know about...and that's what today's guest is going to share with us...
Lee Yoder was practicing physical therapy when he realized his true passion was building his own business and investing in real estate. He took massive action to quickly build a portfolio with several small apartment buildings. He was able to quickly reposition this portfolio, bring it to a full cycle, and provide a great return for his investors and himself. A large part of Lee's success has come from leveraging his local real estate investment association (REIA).
In this episode, Lee shares how you can maximize the impact of becoming part of a local REIA as he discusses the benefits of being in one – from education, networking, and overall career success.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 16 minutes from today's episode:
Find out how to leverage and really take advantage of your local REIA / Club to become more successful, faster with your portfolio;
Discover the difference between joining a local REIA/Club vs. being part of big-time coaching programs; and
Understand why you should be clear with whatever it is that you want to pursue when joining a REIA / Club in your area.
Resources/Links:
Threefold Real Estate Investing: https://threefoldrei.com
Threefold Real Estate Investing podcast: https://threefoldrei.com/podcasts/
Topics Covered:
01:35 – The start of Lee’s involvement with REIAs in his city
03:18 – How the REIA community helped him achieve his notable successes in his career
05:23 – Learning from local REIAs vs. big-time coaching programs
09:19 – Tips for the newbies who are planning to join and take advantage of a local REIA
11:21 – Conversational ice breakers from Lee
12:28 – More about Lee Yoder: Threefold Real Estate Investing, the podcast, and his socials
Key Takeaways:
“There’s a lot of people in my city that are really into real estate. It’s comforting; it’s a good feeling to see that there’s a lot of other people doing what you’re trying to do. It gives you a little more confidence. There’s just a community about it. So, you don’t feel alone.” – Lee Yoder “Getting a really good bunch of education and networking with a lot of people, just kind of talking together and brainstorming and working towards a similar goal before doing it separately, it’s just really powerful for me. It gave me a lot of confidence.” – Lee Yoder “I have nothing against coaching programs, paid to coach, paid mentorship. I probably would have done it, but I just didn’t have to because I had the REIA.” – Lee Yoder “Take small steps. Decide how bad you want to get into the space and how much you want to have success. It gets easier over time.” – Lee Yoder Connect with Lee Yoder:
Website: https://threefoldrei.com
Email: info@threefoldrei.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
Thursday Mar 24, 2022
Thursday Mar 24, 2022
Wholelife millionaire is all about being 'wealthy' in every area of your life, notjust the bank account (although that is important too :-)...
Mike Ayala is an investor, speaker, podcaster, and founder of Investing for Freedom. He helps busy professionals and business owners find true freedom to live their best life.
Mike is also the co-founder and managing director of Four Peaks Capital Partners, LLC. where he oversees the executive team. Mike has over 22 years of experience in finding freedom by building teams and streamlining operations.
In this episode, Mike discusses what it’s like to live a whole life millionaire life as he talks about the importance of being intentional with what you really want and making sure you’re thriving in all areas of life (including the pocketbook).
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
What the "whole life millionaire" lifestyle is all about;
How you can make and keep great relationships while having possessions at the same time;
The importance of discipline in making decisions, being present, and leveraging both yourself and other people towards success
Resources/Links:
Investing for Freedom podcast: https://investingforfreedom.co/category/podcasts/
Gobundance: https://www.gobundance.com/
The Ultimate Sales Machine by Chet Holmes: https://www.amazon.com/Ultimate-Sales-Machine-Turbocharge-Relentless/dp/1591842158
Front Row Dads: https://frontrowdads.com/
Who Not How: https://whonothow.com/#BuyBook
Topics Covered:
02:00 – The concept of whole life millionaire and how it came to be
03:30 – Being intentional about what you really want in life
06:00 – Going for the switch towards a whole life millionaire lifestyle, starting with the decisions that you make and leveraging people’s abilities
10:08 – Living the whole life millionaire life with the memories of being present with his kids
12:22 – The power of building relationships online
13:37 – How his groups/connections made an impact in his success
15:21 – Visit Mike’s social handles to know more
Key Takeaways:
“The concept is just making sure that we’re thriving in all areas of life and not just in the financial realm. People really struggle with that because there’s this preconceived idea that we have to sacrifice one thing to have another, and I just don’t think that’s true. We can have our business, we can have our marriage, we can have our relationship with our children, and have a healthy life and friendships.” – Mike Ayala “The key in all this is just being intentional about what you really want.” – Mike Ayala “I’m not going to let my business consume me. I’m not going to let my job consume me. I’m going to be there for my family.” – Mike Ayala “When you intentionally say yes to your job or your career or your business over and over and over, you’re also intentionally saying no to your family. We decide.” – Mike Ayala “That’s what I realized at an early age. The way for me to buy my freedom is to buy somebody else’s time.” – Mike Ayala “I 100% attribute my success to getting in bigger rooms and paying for mentors.” – Mike AyalaConnect with Mike Ayala:
Instagram: https://www.instagram.com/themikeayala/
Website: https://www.michaelayala.com/
LinkedIn: https://www.linkedin.com/in/themikeayala/
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 Mar 21, 2022
Monday Mar 21, 2022
Myra Oliver is a Kentucky girl who started her career as a hairstylist and became a real estate broker/investor and entrepreneur. She helps people see their money differently in a way that it can provide a life worth living alongside financial freedom. She was just 22 when she decided she wanted life debt-free, so she reinvented herself in Real Estate. Now, Myra is already a Financial Freedom Coach, Speaker, and Consultant. She also wrote a book she called “Down Home Money: A Simple Approach to Financial Freedom”. In this episode, Myra shares her journey from being a hairstylist to becoming a real estate entrepreneur as she talks about the importance of choosing your connections wisely and putting effort into everything that you work on.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 15 minutes from today's episode:
Understand how passionate energy and effort pay off, especially in real estate;
Discover the importance of having no greed in your body and surrounding yourself with great people; and
Find out why you should choose your connections wisely in relation to the result you want to achieve in your career
Resources/Links:
Down Home Money: A Simple Approach to Financial Freedom: https://www.amazon.com/Down-Home-Money-Approach-Financial/dp/1544514727
Topics Covered:
01:30 – Being fascinated with real estate after her first transaction
03:23 – Myra and her husband’s retirement plan
04:16 – Retiring at 33 then starting her realtor journey, later on becoming the top producer in her town and getting recruited by large companies
08:25 – Myra’s continuously growing portfolio, allowing her to triple her money
10:31 – What you can do to move past the mediocre state and finally start to do better
12:02 – Working as a hairstylist as the best platform for her to be disciplined and educated
13:31 – Myra’s YouTube channel, Facebook group, and her book
Key Takeaways:
“Everybody’s gotta live somewhere. It’s a start.” – Myra Oliver “I’ve gotten the great pleasure to be around really great real estate agents and some not-so-good real estate agents. They were great examples of what I wanted to be and what I didn’t want to be.” – Myra Oliver “Energy pays off, especially in real estate.” – Myra Oliver “Opportunities are all around us. Most people look at just selling another house. Look at it by building an impact.” – Myra Oliver “When you keep people top of mind and you surround yourself with great people whose values and standards are in line with yours, I think that is probably one of the smartest things that I have done.” – Myra Oliver “There’s not a greedy bone in my body, because I really realized that I’m here because of other people; I didn’t get here alone. I was willing to make the effort and I’m a risk-taker, but I have to say that there are other great people, whether they are CPAs, Attorneys, my parents, my husband, different partners that I’ve had over the years. I’m going to give myself a little credit; I’m a good people picker.” – Myra OliverConnect with Myra Oliver:
LinkedIn: https://www.linkedin.com/in/myra-oliver-83752a25/
YouTube: https://www.youtube.com/channel/UCaUzIrJ4orQpYtQRn71JMnQ
Facebook: https://www.facebook.com/downhomemoney/
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 Mar 17, 2022
Thursday Mar 17, 2022
I admire our military personnel very much for what they signed up for and the job they are willing to do. When they add in real estate investing on topof it, I'm even more impressed.
Recently separated from the US Navy after 15 years of service, Tim Kelly discovered real estate investing to build wealth, create freedom, and build a lasting legacy for about 5 years.
Once Tim found his groove and picked up some steam, Tim discovered his passion and his purpose through the Active Duty Passive Income community, where he is now the VP of Education.
Tim now resides in Pensacola, FL, where he enjoys traveling the world with his lovely wife, playing drums in his band, pushing himself physically and mentally, and finding ways to give back to his community.
In this episode, Tim talks about Active Duty Passive Income and shows how they help military people dive into the world of real estate along with the secrets of raising capital even without a lengthy real estate background.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 18 minutes from today's episode:
Why it’s a very good idea to swallow your pride and surround yourself with people who are smarter than you and share the same goals as yours;
Understand why military people are built different, hence, their fruitful career in real estate and/or any industry; and
Find out how you can raise capital even when you have no track record in doing real estate.
Resources/Links:
Active Duty Passive Income’s Facebook group: https://www.facebook.com/groups/MilitaryRealEstateInvesting
Website: https://www.activedutypassiveincome.com
Topics Covered:
01:13 – Tim helping out people in Louisiana after the occurrence of succeeding hurricanes in the area
02:37 – From having a financial advisor in terms of dealing with his finances then finally learning and doing real estate
06:04 – The importance of surrounding yourself with people who are smarter than you but have the same dreams and desires as yours
08:40 – Raising the capital quickly even without history in real estate
11:21 – Reaching out using the online world to expand what he’s doing
12:57 – The advantages his Navy experience gave him as he started his real estate career
14:52 – The community of Active Duty Passive Income
Key Takeaways:
“Real estate investing is an opportunity. Anybody can get and do it. You don’t need any degrees or any credentials. You don’t need a whole lot of money. You can figure it out with hustle, education, the right mindset, and the right community or people or support team.” – Tim Kelly “Surround yourself with people that are way smarter than you.” – Tim Kelly “The Navy, over the last 15+ years, made me who I am today. We’re programmed a little differently. The discipline, the ability to follow instructions, the teamwork, the work ethic, the leadership, the ability to be humble and have humility and serve – all of those things make people that are in the military bots come out the perfect-like beta-human to learn the roads of real estate or just anywhere in business because they apply it very well in business.” – Tim KellyConnect with Tim Kelly:
Email: tim@activedutypassiveincome.com
Website (Personal): https://thetimothykelly.com
Website: https://www.activedutypassiveincome.com
LinkedIn: https://www.linkedin.com/in/thetimothykelly
Facebook: https://m.facebook.com/thetimothykelly
Instagram: https://www.instagram.com/thetimothykelly/
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 Mar 14, 2022
Monday Mar 14, 2022
Anthony Vicino is a best-selling author, real estate investor, and serial entrepreneur committed to helping people maximize their Returns on Life. He is the co-founding partner of Invictus Capital, a multifamily acquisition firm based in Minneapolis, MN with $15m in AUM, that provides busy working professionals with the opportunity to Invest Better.
As the host of the Multifamily Investing Made Simple podcast and author of Passive Investing Made Simple, Anthony firmly believes investing shouldn’t be complicated, scary, or overwhelming.
In this episode, Anthony talks about having dealt with the ‘unicorn farmers’ as he shares the power of podcasting and writing a book to gain investors and elevate your presence in real estate.
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 why it’s a must for you to know who your investor avatar is when starting a business;
Understand why standing in a place of value and being able to reciprocate that value with tenants is a huge move towards a successful career in real estate; and
Find out why you should elevate your presence into the investors’ minds when trying to educate and grow your business.
Resources/Links:
Multifamily Investing Made Simple podcast: http://multifamilyinvestingpodcast.com/
Passive Investing Made Simple: http://www.thepassiveinvestingbook.com/
Topics Covered:
01:21 – First reason behind Anthony’s focus on multifamily investing
03:00 – Reasons #2 and #3: Why multifamily investing?
05:17 – Shifting into assets with more inherent stability
06:13 – Who are these unicorn farmers?
07:59 – The importance of reciprocating value with tenants
10:58 – Reducing expenses in properties while making sure it’s still efficient
12:28 – How Anthony finds and starts building relationships with investors
14:54 – Getting on the stage, letting people know who you are and what you do
Key Takeaways:
“It’s not about what you make. It’s about what you keep.” – Anthony Vicino “You go and find those people who have been in the industry for 30+ years. They have really low debt on their properties, they value tenants that are going to take care of their property and stay for a long time so they aren’t drying up rents, and they’re looking for easy transactions because they just want to get out, they want to move on to the next thing. They don’t want somebody coming back and not following through with what they said.” – Anthony Vicino “We’re good to our word. We never put a deal under the contract that we don’t close. We don’t renegotiate unless there’s something that’s just catastrophically wrong that we couldn’t have known about.” – Anthony Vicino “The most valuable business lesson a mentor ever shared with me was that a dollar saved is worth more than a dollar earned.” – Anthony Vicino “Position yourself in their minds. One of the most powerful places that you can be in at any network or event is on the stage. If you can find a way to get onto that stage, then you immediately elevate your presence in everybody’s minds.” – Anthony VicinoConnect with Anthony Vicino:
Email: anthony@invictusmultifamily.com
Website: https://anthonyvicino.com/
Podcast: http://multifamilyinvestingpodcast.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
Thursday Mar 10, 2022
Thursday Mar 10, 2022
Sean Morrissey is a “buy and hold” investor and real estate broker/owner who resides in Aurora, Illinois with his wife, two children, dog, and cat. He hosts a weekly podcast for entry-level real estate “buy and hold” investors called “Landlording for Life” and just surpassed 85 episodes launched. Sean started his real estate journey as a landlord in 2003. He earned his real estate license in 2006 and opened his real estate brokerage, “Chicagoland Realty Group Partners LLC”, in October 2011. Since 2010, Sean has managed up to 200 single-family homes while building his real estate rental portfolio in the western suburbs of the Chicagoland area – primarily in the Aurora, IL community. His current goal is to earn three times his family’s monthly expenses in passive rental income and earn financial freedom by the year 2021. In this episode, Sean discusses how you can self-manage your properties as he shares tips with regard to the components of property management systems.
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 the four components of property management systems and what each one is all about;
Gather tips on how to manage a leasing system effectively without being deceptive; and
Find out how you can avoid conflicts with your rent collection system along with the importance of considering the comfort from your side and your customer when deciding on the payment process.
Resources/Links:
Rent Application: https://www.rentapplication.net/
Buildium: https://www.buildium.com/
Zelle: https://www.zellepay.com/
Venmo: https://venmo.com/
CBS News Chicago: https://chicago.cbslocal.com/
Topics Covered:
01:44 – Components of systems in property management along with the mistakes people make with regards to self-management
03:01 – Sean’s real estate experience back in his early years, him being challenged to do more as the year's pass
04:45 – Sean’s tip to manage a leasing system effectively: take quality photos
06:09 – How to take photos that will capture people’s attention without being deceptive through the angles
08:42 – More tips for leasing: price it right and choose an application process that is easy to understand
11:26 – Site that is non-techy friendly: Rent Application
13:09 – Software to use for your rent collection system: Buildium, Zelle, Venmo
15:38 – The importance of understanding the eviction process in your state
16:45 – The rent collection challenges Sean encountered in the midst of this pandemic
18:09 – Check out Chicagoland Realty Group’s website, grab a copy of Sean’s book called “Building Your Efficient Property Management System”, and listen to his podcast “Landlording for Life”
Key Takeaways:
“Whether you have one property or whether you got 10, 20, whatever the case might be, eventually you’re going to be challenged, and it’s really setting yourself up for those challenges that you’d want to prepare for.” – Sean Morrissey
“Photos are the name of the game. Quality photos go a long way. You’d always want to set your photos up so that you’re going to enhance the experience, but keep in mind that the majority of people are going to want to visit that property regardless, so you’d never want to appear deceptive.” – Sean Morrissey
“You’d want to make sure your price is right. You’d want to have your price reflect what you’re comfortable with and not only generating your appropriate cashflow or what the market’s going to call for.” – Sean Morrissey
“There are so many different websites out there now. Make sure you find the site that you love and is easy for the tenants to understand.” – Sean Morrissey
“Your lease is going to set up the parameters of when rent is due, what’s considered your late fee, but you’ve got to notify your residents how you’re going to collect payment. Provide a few methods so that the resident is always choosing the method that they’re most comfortable with.” – Sean Morrissey
“The last thing you’d want to do is show up in court and find out that a judge doesn’t think that your case is valid based on how you serve the tenants. You have to make sure that you have a few Attorneys on speed dial that have a working relationship with the judge that handles evictions in your county, and make sure you’ve got your rent collection process in place.” – Sean Morrissey
Connect with Sean Morrissey:
Website: https://chicago-realty-group.com/
LinkedIn: https://www.linkedin.com/in/sean-r-morrissey
Podcast: https://chicago-realty-group.com/podcast-for-landlords/
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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Monday Mar 07, 2022
Monday Mar 07, 2022
Aileen Prak is the co-founder of Bonavest Capital, where she helps people generate passive income through real estate syndications. She is on the path to creating time freedom for her family and 2 young children and believes real estate is the best vehicle that can help her and others achieve this dream. Aileen received her MBA from Northeastern University and has over 10 years of experience in the Aerospace industry as the finance lead on several multi-million-dollar projects. She is also the host of the 5 days per week real estate podcast How Did They Do It? Real Estate, where she interviews top experts in the Real Estate Industry with a focus on personal growth and real estate investing. In this episode, Aileen educates people on the concept of syndications as she shares how she manages all the work of running that model along with hosting a podcast.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 15 minutes from today's episode:
Understand the concept of syndications and how it works;
Discover what the limited and general partners do in running multifamily syndications;
Find out how hosting a podcast greatly helps in growing your network and broadening your knowledge in the industry of real estate.
Resources/Links:
The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications: https://www.amazon.com/Hands-Off-Investor-Insiders-Investing-Syndications/dp/1947200275
Best Ever Apartment Syndication Book: https://www.amazon.com/Best-Ever-Apartment-Syndication-Book/dp/0997454326
Topics Covered:
01:47 – The discovery of the benefits of real estate and the start of their journey with syndications
04:01 – What multifamily syndications mean and the partners involved to make it work
07:00 – The growth of Aileen and her husband’s role in running syndications
08:38 – What’s great about the syndication model
09:28 – Resources you can check to learn more about syndications
10:18 – A book you can read if you want to start establishing yourself in the syndication business
11:23 – The benefits of hosting a podcast while doing real estate
13:40 – Check out Bonavest Capital’s website, listen to their podcast, and download their passive investor checklist now
Key Takeaways:
“It (multifamily syndication) really aligned with what we’re looking to achieve in terms of creating our time freedom for ourselves, the scalability of the model, also, being able to invest in multiple doors at once. That was just something that we never thought was possible.” – Aileen Prak “What’s really great about the syndication business model is that it’s really a team sport. We’re all able to pull our money together, pull our expertise together, in order to achieve a common goal and invest in something that we typically won’t be able to do on our own.” – Aileen Prak “Listen to podcasts. That’s how we got started in our real estate journey. Just listen and absorb all the information as you can.” – Aileen Prak “We’ve met a lot of great people in the space through the podcast and we cannot trade that [relationship] for anything. The people that we interviewed are so experienced in the space and they have so much knowledge. We’re able to learn from all the lessons, all the experiences that they’ve had. We can’t put a price on that.” – Aileen PrakConnect with Aileen Prak:
Email: aileen@bonavestcapital.com
Website: www.bonavestcapital.com
Instagram: https://www.instagram.com/howdidtheydoit.realestate/
Podcast: https://bonavestcapital.com/mainpodcast/
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 Mar 03, 2022
Thursday Mar 03, 2022
Mike Wolf is a 30-year veteran of real estate investing, international speaker, and philanthropist. In addition to investing in real estate, Mike also has mentored hundreds of aspiring real estate investors all over the world. In this episode, Mike shares his nomad real estate investing story as he inspires people to make a change while living life wherever and however they want it lived.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 19 minutes from today's episode:
Find out how you can live a life of bliss with freedom in all time, money, and location;
Understand why freedom with money is important, but so is happiness and fulfillment in life;
Discover the importance of having the right team in your journey towards achieving success in your career.
Resources/Links:
Mike Wolf Mastery: https://mikewolfmastery.com/
Mike Wolf Mastery’s Passive Income Masterclass: https://mikewolfmastery.co/masterclass
Radical Real Estate Revolution (E-book): https://mikewolfmastery.com/free-e-book/
Topics Covered:
01:24 – Talking about Mike’s nomad story that gave him the freedom he’s always dreamt of
02:03 – Letting go of the past and starting to live life the way he wants to live it
03:58 – Why it’s important to live life not just for money but around happiness and fulfillment
05:29 – The things Mike has been doing since he got his freedom
07:20 – Being smart yet practical in living the nomadic life
08:57 – Dave and Mike’s views in relation to backpacking
11:19 – How Mike manages his portfolio as he works in real estate
13:45 – Merging his real estate career with his nomadic lifestyle
15:43 – Who helped Mike in setting up his business online
17:50 – Check Mike’s socials and grab your copy of his free real estate investing e-book
Key Takeaways:
“You got to work smart. Use your leverage. Don’t work harder.” – Mike Wolf “When I was younger, I was always chasing the money, hence why I became a workaholic. I thought you always have to keep chasing that money. As time went on, I realized that you don’t have to chase money. There are ways to create passive income to have the money coming in on autopilot. And do you do with your time? Once you have your money coming in without you having to trade your time for it anymore, it opens up the opportunity to chase things such as happiness.” – Mike Wolf “Once you got that freedom, once the money is on autopilot, that doesn’t mean that I’ll go and hang out on yachts all day and drive fancy cars; to me, that’s kind of meaningless. It’s all about the difference that you make and how you help other people.” – Mike Wolf
“Sometimes, the universe just puts the right people on your path and the right opportunities. I have a lot of great people to make this all possible.” – Mike Wolf
Connect with Mike Wolf:
Email: info@mikewolfmastery.com
Website: https://mikewolfmastery.com/
LinkedIn: https://www.linkedin.com/in/mikewolf9/
Instagram: https://www.instagram.com/mikewolfmastery/?hl=en
Facebook: https://www.facebook.com/mike.wolf.986
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?
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