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Episodes
Monday Jan 03, 2022
Monday Jan 03, 2022
Aaron Fragnito has been helping people invest in Real Estate for over ten years. He is a Co-Founder of Peoples Capital Group (PCG), a real estate investment and holding company and a full-time real estate investor, as well as the host of the New Jersey Real Estate Network and host of the Passive Cash Flow Podcast.
In this episode, Aaron shares how your financial planner may tell you that you can't self-direct your IRA when the truth is, you can, provided it is within the rules of using it. He talks about the process of pulling out your IRA funds to invest in real estate, so you earn more than any other investment vehicle out there.
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 one thing that your financial planners may not be telling you about self-directing your IRA for purposes within the rules surrounding it
Learn about the process of investing your IRA in real estate the right way
Find out how much you earn more investing your IRA funds in real estate than in any other investment portfolio
Resources/Links:
How to self-direct your IRA, click here: https://www.peoplescapitalgroup.com/webinar-self-direct-ira
Topics Covered:
01:46 - What your financial planners may tell you
02:57 - How is the capital raiser benefitted by people having IRAs
05:48 - An untapped market in people with IRAs
06:55 - People with IRAs not as concerned with receiving monthly cash flow payments
08:09 - Explaining the concept of IRA to potential investors
09:48 - The process of working with a licensed IRA custodian
13:57 - A win-win deal for both the deal maker and investors with IRA
14:29 - What is this IRA LLC account, what to do about it, and how it can help you
Key Takeaways:
"You can self-direct your IRA; there are limitations to what you can invest in, and there's a process to doing it the right way. But if you do it the right way, and work with a licensed IRA custodian who's going to guide you in the process, it's really quite simple, and really pretty affordable." - Aaron Fragnito
"The idea is to see a tangible effect with your IRA diversified into something that's going to produce a consistent income and be backed by solid assets. Real estate is a tried and true asset for that." - Aaron Fragnito
Connect with Aaron Fragnito:
Website: https://www.peoplescapitalgroup.com/
Facebook: http://www.facebook.com/peoplescapitalgroupnj
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 Dec 30, 2021
Thursday Dec 30, 2021
Michael Steven is a Bestselling Author, Entrepreneur, and Investor. A leading authority figure in the world of business, money, finance, and real estate investing. With over 30 years of experience, he teaches people how to get out of debt and stay out of debt, PLUShe teaches them how to become financially free in the real estate world and withall this said, he shows them how to do it with little or no money at all.
In this episode, Michael shares it's never too late to start investing in real estate. He suggests reading a book and doing what you learn. He also shares what makes real estate investing stand out from all other investments.
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 why real estate investing of all other investment vehicles
Learn how being an author impacts you both professionally and personally
Discover his tips on what deals to focus on when just starting and things you can do to become even more successful
Resources/Links:
Buy Michael's books. Click here: https://vagpublishing.com/
Topics Covered:
00:55 - What made him dive into real estate investing and eventually into writing books
02:32 - Why real estate investing and not any other investment vehicles
04:19 - Real estate deals new investors can delve into and the best things you can do to be successful
06:29 - How his clients got him started writing books
07:05 - A 14-year old reading his book
09:38 - How writing books helped him professionally
10:22 - Never too late to get started
11:05 - Where you can buy Michael's books
11:56 - Check out his new book: Rental Property Strategies
Key Takeaways:
"90% of millionaires in this world have made money through real estate, doesn't matter what you've touched, real estate has always worked and always will work." - Michael Steven
"Surround yourself with professionals. Don't listen to people that aren't on the same level as you. Listen to the experts, people that are up there and have nothing to lose and are less jealous because people at your level don't want to see you doing better than them." - Michael Steven
"In my professional career, [writing a book] just gives you credibility. But, the purpose of this is not to get flowers thrown at it. I want people to educate themselves. I want them to get their hands on this and really start their real estate empire." - Michael Steven
"It is never too late. Because if that property brings you 1500 a month you're gonna end up buying a few of them, you're gonna build your passive income fast enough." - Michael Steven
Connect with Michael Steven:
Website: https://vagpublishing.com
Facebook: https://www.facebook.com/groups/438958360648668
Twitter: https://twitter.com/publishing_v
Instagram: https://www.instagram.com/vagpublishing
Amazon Author Page: https://www.amazon.com/~/e/B08F814H22
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 Dec 27, 2021
Monday Dec 27, 2021
Kent Ritter is a former management consultant, start-up owner, and corporate executive turned full-time real estate investor and operator. Kent has years of experience leading Private Select Portfolio. He is the host of the Ritter on Real Estate podcast and Youtube channel, where he provides impactful interviews and practical tips for investors. Kent has achieved financial freedom, and now he is on a mission to empower others to do the same through multifamily investing.
In this episode, Kent shares a win-win investment strategy for renters and investors with rents that are a little below the market but still allow investors to operate profitably. He talks about the technology he puts in place that makes it a game-changer for multifamily properties and increases property management efficiency.
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 one investment strategy that allows you to impact society and enhance communities while earning profits
Discover how you can do things smartly and earn profitably without having to increase rents significantly
Learn how to find other revenue streams where renters are financially unburdened, and investors earn well
Resources/Links:
Website: https://www.kentritter.com/
Topics Covered:
01:43 - What for him is social impact investing
05:36 - One property he recently did renovations on and still have former renters occupy it
07:19 - What repairs and improvements were made, and how renovations went while some renters never get out of their spaces
09:14 - A win-win strategy for both renters and investors
10:30 - Increasing the value of the property by incorporating other income streams with it
11:56 - What he considers a backbone for everything they do and all things adding value to the property when it comes to technology
14:22 - A self-guided tour option
16:37 - How he put up the technology system in place
17:21 - The making of the self-guided tour and who made the script
18:22 - How do these technology-related amenities affect an agent's job
Key Takeaways:
Key Takeaways:
"If you do things in the right way, and you do things smartly, you can add value without having to bump rents significantly." - Kent Ritter
"I really believe in trying to add value through amenities, or revenue-generating amenities, and doing that in as many ways as we can." - Kent Ritter
"One of the things that I think has just been a game-changer for the multifamily industry is the ability to have a contactless leasing process." - Kent Ritter
"The more that we can leverage technology to take away the mundane, everyday low complexity tasks, the more that we can focus on our highest and best use. And you can focus on really creating deep relationships." - Kent Ritter
Connect with Kent Ritter:
Website: https://www.kentritter.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 Dec 23, 2021
Thursday Dec 23, 2021
Atticus LeBlanc is the founder and CEO of PadSplit, a mission-driven company that helps solve the affordable housing crisis, one room at a time. Through its innovative shared-housing model, PadSplit aligns incentives between cities, nonprofits, and property owners to spur cost-effective housing creation without public subsidy while providing safe and affordable housing for working-class individuals. Before founding PadSplit, Atticus served as an affordable housing developer.
In this episode, Atticus shares how he provides affordable housing to working-class people with the model that he started while making profits himself.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
Find out how you can earn more through this model rather than renting out the whole house
Learn about the three big points overview of this model that makes it a good investment strategy
Discover a smart way to receive rent payments that is both beneficial to landlords and tenants
Resources/Links:
Website: https://www.padsplit.com/
Topics Covered:
00:49 - What is a PadSplit and how this concept came to be
02:53 - Similarities and differences from Airbnb
04:24 - A misconception about pad split model that he dispels
06:28 - Three main points of view where you fill a need for this type of model
08:34 - What are the two minimum requirement if you want to be a landlord for a PadSplit
09:23 - How a landlord can optimize his property
10:23 - What size of the house is ideal for making the most of this model
11:32 - How do tenants benefit from this setup
13:30 - Plans of market expansion that includes Canada
14:07 - Why does he call the renters members and not tenants
16:07 - The reason for billing weekly
18:33 - Will this model work for single tenants, a couple, or single parent
20:01 - How are they paid weekly other than by credit cards and checks
Key Takeaways:
"I would actually earn more through this model than I would by renting the whole house traditionally. So that was the beginning of the concept. And it's evolved pretty considerably since then. And now it exists as a technology company so that any similar property investor or owner in the same position that I was in 2008, and 2009, has the ability to use our services to ultimately scale this business model in the markets that they're in."- Atticus LeBlanc
"Almost everyone's paying electronically. We have a couple of partnerships with local nonprofit organizations or agencies. But overwhelmingly, people are using prepaid debit cards. And so, even if they don't have bank accounts per se, they almost always have access to prepaid debit cards. And that's how we're getting those payments." - Atticus LeBlanc "The reason why I'm just such a strong believer in the per payday or weekly billing model, you take this group of folks, that would usually be considered a subprime credit group, I mean, our credit scores on the way in is around 461 income is around 20 grand. Well, our collections rates effectively are 95%. And that shocks a lot of people, and I attribute most of that too, one, we're verifying income, but on the way in, so we know that this person has a job, and two, just the fact that it's an all-inclusive, weekly bill, it's easy to remember." - Atticus LeBlanc
Connect with Atticus LeBlanc:
Website: https://www.padsplit.com/
Twitter: https://twitter.com/atticusleblanc?lang=en
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 Dec 20, 2021
Monday Dec 20, 2021
Axel Monsaingeon grew up in the Caribbean, emigrated to Montreal Canada to finish high school. After years in the corporate world and being disillusioned went full time in real estate and it has been one of the best decisions he made.
In this episode, Axel shares his real estate investing strategy that earns him the most revenue. He talks about what properties he buys, how he adds value to put it into the market that earns him a huge sum of profit.
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 investing differences in the different parts of Canada so you know where you can leverage the most
Discover about the off-market type of property deals that give the most ROI
Find out market growth trends for multifamily properties and how to to value add to optimize earnings potential
Resources/Links:
Website: https://www.realestateeffect.ca/
Topics Covered:
01:10 - What kind of real estate investing strategy does Axel focus on
01:24 - The property size he is looking at
01:54 - Where he originally comes from and a little story about his family
04:49 - Major differences between investing in Quebec and other places of Canada
06:08 - Why there is a higher renter percentage in Montreal than in any other places
06:49 - Does he buy the dilapidated property with tenants or no tenants
07:50 - Shares a difficult experience of letting tenants leave the property
09:40 - What the numbers look like for his properties from purchase, renovation to putting it on the market
11:24 - Axel explains market growth trends of his properties
12:27 - Turning old historical buildings into multifamily properties
15:15 - Mistakes people make when investing in real estate
Key Takeaways:
“At the beginning, I have to admit, I didn't realize how important the people aspect was. We’re negotiating with tenants -- that’s so important because you have to understand them, their profile, what their objective is. And what is it that triggers them?” - Axel Monsaingeon
“On the growth trends, I should be able to give you the NOI right off the bat. But, within a 14-month period, we went from 32,000 to 52,000. That's huge.” - Axel Monsaingeon
“There's a lot more people from Ontario coming because they're like, ‘Oh, my God, Montreal is so cheap.’ But what I would say is, that’s trying to get into too many different things. You gotta just kind of pick one, educate yourself, learn the hard way, and then go a mile deep.” - Axel Monsaingeon
We are negotiating constantly with everyone, for everything, whether you're doing an acquisition and you negotiate with an owner, whether it's with your tenants, with your contractors and suppliers when you're doing financing and stuff like that. -Axel Monsaingeon
“One of the mistakes I do see is, it's not just valid for people from outside of Quebec coming here. It's also valid for people that are here sometimes investors want to touch too many different segments. You've learned it as well, once you develop a formula, just stick with it, refine it and get better instead of trying to go eat in every pot.” -Axel Monsaingeon
Connect with Axel Monsaingeon:
Website: https://www.realestateeffect.ca/
Facebook: https://www.facebook.com/realestateeffect/
Instagram: https://www.instagram.com/veryrealestateeffect/
LinkedIn: https://www.linkedin.com/in/axel-monsaingeon-42577b28/?originalSubdomain=ca
Podcast: https://www.realestateeffect.ca/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
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Thursday Dec 16, 2021
Thursday Dec 16, 2021
Francois Lanthier is a real estate investor, passive income advocate, and experienced marketing and communications expert. He invests in various Canadian provinces, the USA, and he's now exploring other countries, all with his beautiful wife and kids.
In this episode, Francois talks about his journey in real estate investing, from starting to owning properties outside of Canada in the US. He shares about his ways of financing deals and finding properties that greatly cash flows.
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 investment properties that give a steady and massive cash flow
Find out capital-raising strategies that grow your portfolio and finance your deals
Learn how to manage and plan investment properties that are both in the US and Canada
Resources/Links:
Website: https://flhomescorp.wixsite.com/flhomes
Topics Covered:
01:01 - What made him pursue real estate investing
02:18 - Why he buys properties far from his place
03:41 - What made him invest remotely and buy properties from far away places
04:53 - The kind of properties he owns
05:33 - His capital-raising strategies use
06:27 - What for him is a joint venture
07:12 - How he financed his US deals
07:59 - The kind of properties he invests in the US
08:26 - Is the moneylender he got, American or Canadian
08:34 - How are his properties secured
10:28 - How he handles taxes in both the US and Canada
12:04 - What role does his JV partner play in the business structure
Key Takeaways:
"Some of my American deals, I think, it's wild. What I did is I got a partner to finance the deal. I'm the partner, the working partner, my partner has no money either, but he's got a high income. Every month, every week, he gets a big paycheck. And so I found a private lender to lend us the money. And my JV partner pays the interest on that money and for a share in the deal." - Francois Lanthier
"There's so much going on for Monckton, and I bought several properties there and they have cash flow tremendously, and you can do some really great stuff." - Francois Lanthier
"We just learned about using OPM and how you get investors and how to raise capital. So that's one strategy we used. And it's been excellent. And it continues to this day with podcasts and social media, email marketing. I would like to do more in the future, and also joint ventures." - Francois Lanthier
"It's all proper strategy, and again, planning. So that's a big thing. If you plan on moving to the States, which I don't. But some people do, then the planning needs to be very different because of taxation. There are some advantages if you're American, or like on a visa of some kind, but you need to plan accordingly as well." - Francois Lanthier
"Just so before we forget here, I did retire at age 40. So that's another reason why I did all this, and my wife is joining me. She's going to be 40 when she retires as well." - Francois Lanthier
Connect with Francois Lanthier:
Website: https://flhomescorp.wixsite.com/flhomes
Instagram: https://www.instagram.com/fl_homes_corp/
Facebook: https://www.facebook.com/FLHomesCorp
YouTube: https://www.youtube.com/channel/UCcPBtxhWjBkTVI2mhZkMWcQ
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
Wednesday Dec 15, 2021
Wednesday Dec 15, 2021
David Sorel is a real estate investor. Together with his wife, they have been actively involved in British Columbia area real estate investing for many years. They have a mission to provide quality housing for quality tenants while at the same time providing an above-average return on investment (R.O.I) for their investor partners and themselves -- truly a win-win-win way of investing!
In this episode, David talks about the enormous benefits of investing in small-type apartment buildings and real estate, in general, versus any other types of investments. He mentions how promising investment opportunities in Western Canada are due to people's lifestyle choices in work and personal life.
What you'll learn from today's episode:
Find out the significant advantages of investing in small apartment type buildings over any other real estate investment types
Learn how real estate investing fares well during economic ups and downs versus any other kinds of investment deals
Discover markets that offer optimistic opportunities for investments considering the economic fundamentals they possess
Resources:
Website: https://dcsorel.com/
Topics Covered:
01:16 - When his interest in real estate started and why he moved to real estate after trying different kinds of investments
03:41 - Advantages of real estate against all other investment vehicles
07:37 - Why is he focusing on small-type multifamily properties over other real estate investment strategies
10:20 - The reason for a positive investment outlook in Western Canada
11:26 - Why a bright market in British Columbia
14:04 - David's biggest strength as a real estate investor
16:00 - Why active real estate investing is not for everyone
Key Takeaways:
"When times are good, everything is fine for all kinds of investments. But when you have bad times, what is fantastic about real estate is that you just get paid for waiting for your investment to increase in value. "- David Sorel
"The advantage of real estate is that it's a protection against inflation. Even if it goes down, at some point, it won't just fall; it will always go back up, and even increase in value." - David Sorel
"The reason for that [investing in small-type apartment buildings] is that I have more control with this kind of investment. I can also add multiple sources of income. We don't want to be at risk; we want something sustainable. And for the long term, we are not shooting for just a one-shot deal. We want to last in the business. And what is interesting is that there are a lot of benefits, like tax benefits. It's a good way to invest our money and keep it safe." - David Sorel
"The economic systems, the bank system is totally different in Canada from Europe. I come from France. Here you've got the opportunity to refinance your property. We are forcing equity, and then we will refinance the deal. And this will allow us to invest in our portfolio. You cannot do this in Europe." - David Sorel
"Real estate investing is not just about finding properties and buying properties. And it's really about a team. Our strength is in the fact that we built our network. We've got a team; a strong team of professionals who are reliable and who know about real estate." - David Sorel
Connect with David Sorel:
Website: https://dcsorel.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
Wednesday Dec 15, 2021
Wednesday Dec 15, 2021
Chris Forsythe is the Vice President of Joplin Area REIA – a newly-revived REIA in Missouri, U.S. that came back this year after its initial group dissolved during the first few months of COVID. Chris is deeply passionate about creating relationships with people that last for a lifetime through real estate investing. For him, real estate is people’s common ground that connects everyone regardless of what one can bring to the table.
In this episode, Chris shares how Joplin Area REIA reached its downfall when COVID hit the world and eventually came to a point of existence again after more than a year. Here, he reminds people that regardless of the industry you’re in, as long as you have the passion to connect with people, joining a REIA is indeed possible. Chris also talks about how being open allows members to be of more help to each other especially in this hard time.
What you’ll learn in just 16 minutes from today’s episode:
The importance of opening up and volunteering in terms of building relationships in real estate investing
Why real estate is a good place to create connections that can last for a lifetime
Why people who wants to join a REIA doesn’t necessarily need to be a real estate investor
Resources:
Website: https://www.joplinareareia.com/default.aspx
Topics Covered:
01:01 – The first group of investors, that group’s shut down, and how Joplin Area REIA came back early this year
02:09 – Demographics and current population of Joplin Area REIA in Facebook and the state
04:18 – What inspired him and the members to keep the REIA going
05:51 – Being connected to people of different expertise because of REIA and learning from people’s failures
07:25 – You don’t necessarily have to be an investor. You just need to have passion for connecting with people
09:44 – Getting the most out of your REIA experience
13:38 – Talking about the events/meetings they’ve been doing this pandemic
14:56 – Get to know more about Joplin Area REIA through this link and number
Key Takeaways:
“Cool thing about real estate is you can connect with people and put deals/relationships together that last for a lifetime.” – Chris Forsythe
“Sometimes, it’s not only what their successes have been. Sometimes, it’s really where they failed in. Not only are there a lot of successes, but there can be a lot of failures too. Sometimes, I learn from watching other people’s failures.” – Chris Forsythe
“You don’t necessarily have to be an investor to start a group. You can [just] have a passion for connecting with people. Real estate is kind of a common ground for people. It’s truly a great way to connect no matter what you bring to the table.” – Chris Forsythe
“There’s something to give no matter what you bring into the room. Bring value first.” – Chris Forsythe
“When you open up and start sharing, it’s gonna come back.” – Chris Forsythe
Connect with Chris Forsythe:
Email: chris@chrisforsythe.com
Website: https://www.joplinareareia.com/default.aspx
Office No.: 620.231.6460
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 Dec 14, 2021
Tuesday Dec 14, 2021
Kim Tucker is the Executive Director of Mid-America Association of Real Estate Investors (MAREI) – a trade association for Real Estate Professionals based in the Kansas City Metro Area.
MARIE started operating in 2004. Now, they have about 600 paid members, with about another 400 who think they are members, just are not current on dues.
In this episode, Kim shares how MAREI started and later on grew into a thousand-member group. Here, she talks about the difference between pre- and during pandemic scenarios that have undoubtedly brought huge growth to MAREI, as well as the importance of a good network in this field.
What you’ll learn in just 17 minutes from today’s episode:
Discover how good of a game changer a stager is in terms of growing your community in the real estate field;
Learn about the link ‘after the meeting’ communication brings in achieving closed deals and you discovering more things;
Things that used to be impossible back then but are now possible in a positive manner because of this pandemic
Resources:
Website: http://www.marei.org
Topics Covered:
01:13 – How Mid-America Association of Real Estate Investors (MAREI) came into existence and is now continuously growing through Kim Tucker and its members
05:29 – The no. 1 benefit of being part of a REIA is the other members
07:44 – Stepping up and taking a more active role’s benefit to one’s experience in a REIA; how things get better as you take opportunities and get involved
10:36 – Changes they needed to face as this pandemic happened
12:18 – Experiencing and adjusting to challenges that concern moderating both live and on-line meetings
15:15 – Join MAREI’s Facebook group to know more, especially if you’re interested on buying houses / properties in Kansas City
Key Takeaways:
“It’s not just about who you know; it’s who the people you know know.” – Kim Tucker
“It’s all about the people. When people show up, then that’s a great reward, but when nobody shows up, well then, I’ll probably stop doing it.” – Kim Tucker
“The no. 1 benefit of any REIA or any club you go to is the other members.” – Kim Tucker
Connect with Kim Tucker:
MAREI’s Website: http://www.marei.org
MAREI’s Facebook Group: http://www.marei.org/facebook
Email: kimatmarei@gmail.com
Email: kcmohomebuyer@gmail.com
Phone: +1 913-208-3544
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
Monday Dec 13, 2021
Monday Dec 13, 2021
Martin Perdomo, "The Elite Strategist", is a real estate Investor since 2007. He is also the Host of Latinos in Real Estate Investing Podcast and the RealEstate Investors meet-up in Northeastern PA. Martin Teaches that success in Real Estate is 80% Mindset 20% Skillset which equals 100% success; if you work on your mindset first, success will inevitably follow.
In this episode, Martin shares how you can achieve the 80/20 formula of 80% mindset and 20% skill set. His real-life experiences running his real estate business strongly depict that formula. He also talks about overcoming fear and negativity to get started and continue your real estate business journey amidst challenging times.
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 four things you need to be doing in your real estate business to make progress
Learn about the mindset strategies you can do for your real estate business to get you started and keep you going
Learn about tips on how you can build a strong mindset of a true real estate entrepreneur, so you overcome challenges as you go about your entrepreneurial journey
Resources/Links:
Website: https://stroudsburgrei.com/
Topics Covered:
01:26 - The two different strategies Martin is focused on in his real estate investing
02:11 - How Martin realized the 80/20 formula in running his real estate business
03:58 - What you need to have to 'kill it' in the real estate business
05:22 - The biggest challenge for most people in getting started at anything
06:08 - The four things in real estate you need to be doing
08:08 - Taking a look at the different mindsets between the poor and rich people
10:17 - How you can remove negativity in your system
11:17 - What he highly recommends to overcome negativity
11:57 - How do you put yourself around higher thinking people?
13:30 - How he started building a mindset of a true entrepreneur
14:00 - What does mindset strategies have to do with real estate business
16:08 - What stories are you tellingng yourself?
16:17 - Lessons you can learn from Martin's real-life experience of his first flip property
Key Takeaways:
"I believe in modeling excellence; I believe in modeling successful people. I needed something to model on because you can't scale doing it all yourself." - Martin Perdomo
"Here's the top of the funnel, which is what I call the top of the funnel, the bottom of the funnel, which is, what are your lead indicators and your lag indicators in your business? Once you understand that, you know where to put your time." - Martin Perdomo
"This is most people's biggest challenge in winning and succeeding is the fear of the unknown." - Martin Perdomo
"You need to be doing these four things. And those things are putting offers, closing on deals, executing on the deals that you close, executing on your business plan, and raising capital. If you're doing those four things, as an investor, you're going to make progress." - Martin Perdomo
"The first thing I tell people is, look at your circle. Who is in your circle? Who are you talking to? Who are you listening to? What are you watching? And who is around you? Who are you intentionally being around? Are you around people that want to talk about other people and gossip and all that stuff? Or are you on other people that want to talk about ideas and ways to improve yourself?" - Martin Perdomo
Connect with Martin Perdomo:
Website: https://stroudsburgrei.com/
Podcast: https://www.buzzsprout.com/1150451
Facebook: https://www.facebook.com/theelitestrategist
LinkedIn: https://www.linkedin.com/in/martinaperdomo/
Instagram: https://www.instagram.com/elitestrategist/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
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