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Monday Nov 08, 2021
Monday Nov 08, 2021
Felicia Froe is a Physician, best-selling author, experienced real estate investor, and syndicator. She is the founder of Money with Mission, whose purpose is to make a difference one community at a time. She leverages every dollar invested to transform neighborhoods and generate profits for mission-minded investors.
In this episode, she shares her investment strategies that had other people earn income, improve the community and provide her multiple income streams.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
Find out an investing strategy that helps other investors profit, contribute to social welfare while earning yourself
Find out how she raised herself and her real estate business again after a devastating loss
Learn how she raised capital to fund bigger deals
Resources/Links:
Website: https://moneywithmission.com
Topics Covered:
01:02 - How she juggles everything altogether while being a medical doctor
01:49 - Why she considered real estate when she's already earning big as a doctor
04:00 - What made her and how she got interested in real estate
05:07 - Her real estate investment strategies
07:07 - Social capitalism as what she's also looking at
08:45 - How she took off again after losing everything on the first try
09:34 - What is syndication
10:32 - How she started syndication for her deals
11:50 - The importance of getting to know people
12:21 - What is a food desert portfolio?
Key Takeaways:
"The reason I now do it and teach people about it, especially doctors, is because we all need to have other options for income; multiple streams of income is the way to be because it gives you options when you're tired of doing whatever you're doing, or you just don't want to do it that day, or you're just like, "Okay, I'm fed up with medicine." - Felicia Froe
"Social capital is what we're looking at. We can solve a lot of problems as capitalists and make money for ourselves and our investors, as well as improving the community." - Felicia Froe
On raising capital:
"It was just a matter of networking. For me, it was networking, meeting people, talking to people, understanding them, having them understand me. So that, know, like and trust." - Felicia Froe
Connect with Felicia Froe:
Website: https://moneywithmission.com/
LinkedIn: https://www.linkedin.com/in/moneywithmission/
Email: felicia@moneywithmission.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 Nov 08, 2021
Monday Nov 08, 2021
Geoff Dearing has been in real estate for over 19 years. He has extensive experience with real estate investments specializing in commercial and residential cash-flow property. He has taught these concepts to thousands of students all over the world. He currently invests in storage units, apartment complexes, SFH's, and development. He created the Utah Real Estate Investors Association in 2013 and currently presides as the President.
In this episode, Geoff shares how he started Utah REIA with his wife and what motivated them to start their own real estate investment organization. He also shares why it is beneficial for real estate investors to join a club and how COVID affected their organization.
Checkout: REAL ESTATE CLUB/ASSOCIATION SPOTLIGHT: https://www.utahreia.org/
What you'll learn in just 17 minutes from today's episode:
Find out what Utah REIA is all about and
Learn about the reasons why a real estate investor should belong to a real estate investors organization
Discover the benefits of being a member of a real estate investors association
Key Takeaways:
“So I looked into options and found that there was no local national REIA chapter here in Utah. And I thought, you know, why not take what, and a curriculum I developed a little bit, which should give us almost a year's worth of teaching topics, and work with the National REIA, to bring in some additional benefits, like with Home Depot and some other national service providers and, you know, provide another opportunity, cause there, there were a couple other clubs operating at the time.” - Geoff Dearing
“Well, I think the by far the biggest benefit is the cost for the benefit, I mean, a membership to our organization starts around $120 annually, little under 10 bucks, you know, like 10 bucks a month, where you'll have these really expensive coaching programs or education programs, as they call them, that can run into the 10s of 1000s, if not hundreds of 1000s of dollars.” - Geoff Dearing
“I think the other benefit is that they get to rub shoulders with active real estate investors like yourself, who are actually doing what they want to do. And it's a way to really get the reality and the possibilities brought home.” - Dave Dubeau
“Yeah, that was another point I was definitely going to tackle is, that it allows you to not only because we have primarily local speakers from other successful investors, so people can come and pick those teachers' brains you know and get to know them. And that also attracts other investors wanting to learn” - Geoff Dearing
“Yeah, but after they see other people succeed, and like you said, they take that and they're like, I can do that. You know, I've seen numerous people, rather than jumping into their first home, they say, hey, I can do bigger and I'm going to do an apartment syndication.”- Geoff Dearing
Connect with Geoff Dearing of Utah Real Estate Investors Association:
Website: https://www.utahreia.org/
Thursday Nov 04, 2021
Thursday Nov 04, 2021
Have you thought of guesting or appearing in other people's podcast shows?
Do you know what it takes to get booked on podcast shows?
How can being interviewed in another's podcast boost your credibility and people's awareness of your expertise?
Are you well equipped to appear on someone else's podcast and leverage your appearance and guesting to grow your business?
Join me on this Free Flow Friday on the Property Profits Podcast, and I will show you how you can get three bangs for your buck from guesting in other people's podcasts.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you’ll learn from today’s episode:
Learn about the benefits of being interviewed in other people's podcast
Find out the most essential tips on getting booked with other podcasts
Hear about one killer technique in finding appropriate podcasts you want to be booked on
Resources/Links:
Are you looking to attract investors and raise capital for your deals? Get a complimentary copy of Dave Dubeau's newest book, called 'The Money Partner Formula.' Get your PDF version at investorattractionbook.com.
Topics Covered:
01:05 - Dave guesting in different podcasts this year and talking about the benefits of being interviewed
05:42 - What is 'securities compliant outside marketing'
07:59 - One big tip on getting booked on a podcast
10:46 - What you can do when you're going after non-real estate focused podcasts
11:36 - Something you should be creating that is compelling
13:12 - Important things to note when using podcasts to raise capital
14:42 - What's in Dave's one-sheet
16:02 - One thing you should have for people to opt-in
16:44 - Finding the appropriate podcast you want booked on
19:57 - Wow your podcast show host after the interview with this action
20:35 - How often do you want to get booked on podcasts
22:05 - Is it okay if you get interviewed in a small podcast
23:44 - When to let people know about your podcast guesting
24:18 - One one good trick people do after being interviewed in a podcast
Key Takeaways:
"Think about it. If you get interviewed on a podcast, or just look at your own experience if you've listened to somebody being interviewed on a podcast, especially if the interviews are 30, 40, 50 minutes long, do you feel like you kind of know the person at the end of that versus 32nd, blurb on whatever? You got a much longer time to hear the person to kind of get to know them much more on a personal connection. It's great production value for content." - Dave Dubeau
"When you get interviewed on somebody else's podcast, that's great content for them and their podcast followers. However, they would love for you to promote their podcast to your followers as well. If you send out your podcast to your followers, you're creating content for them. Plus, it's the double whammy that they see you as the expert because you're interviewed by somebody else." - Dave Dubeau
"If you're going to be using podcasting to raise capital, you're not going to go right to the money immediately. Somebody opts-in to your website; you want to make sure that you've got an effective follow-up sequence of emails in place to start that relationship." - Dave Dubeau
"If you are really focused on growing your list, and you want to increase the number of prospective investors on your list, then I would suggest you want to take this more seriously. And you make a concerted effort to get booked at least one or two times a month, consistently, month in month out." - Dave Dubeau
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
Do you like the show?
Great! Please rate and review it on iTunes.
Wednesday Nov 03, 2021
Wednesday Nov 03, 2021
What you'll learn in just 17 minutes from today's episode:
Find out three real estate profit centers that make it a desirable investment portfolio
Learn about the different real estate investment strategies you can create cash flows from
The two major lessons you can learn from real estate investing that can help you carry on and become successful in the real estate business
Resources:
Website: https://www.blueoceanpropgroup.com/
Summary:
Keith Makse has been actively involved in the Kitchener-Waterloo-Cambridge area real estate investing for a number of years. His mission is to provide quality housing for quality tenants while at the same time providing an above-average return on investment (R.O.I) for his investor partners and himself.
In this episode, Keith shares his real estate investing experience -- what draws him to the real estate space, why he enjoys and has fun making it a part of his investment portfolio. He also talks about the challenges as part of the game and overcoming them, cash flow strategies, and short-term deals.
Topics Covered:
00:43 - What got him started in real estate investing
01:53 - Just having fun and with a property that is appreciating more than thrice
02:54 - What draws him to real estate as an investment portfolio
04:16 - A different way of creating cash flows that earn more than renting it out as a single-family rental
08:12 - Disadvantages of short-term rentals
09:13 - A case of hospitality over being a landlord
10:27 - Talking about his short-term rental properties
11:20 - Expansion plans within and outside Canada
12:19 - How his background in technology and hospitality helped him in the real estate space
14:08 - Major lessons he learned from real estate investing
15:32 - The challenges with real estate investing
Key Takeaways:
"I think with real estate, it's the fact that you have so many profit centers, you have your mortgage paid down, and you have your appreciation, and cash flow." - Keith Makse
"We run completely remotely. Very much like real estate; if you have the right systems in place, you don't actually have to be there to manage these properties at all." - Keith Makse
"It really does make that difference having that hospitality background to knowing that you can't please everybody, but you can really do a lot to please a lot of people and just making sure that you do whatever you can in order to get those five-star ratings." - Keith Makse
"Number one in real estate -- taking action. You can research all you want; you can educate yourself as much as you want. But without taking action, it's just entertainment." - Keith Makse
"And I also think that it's creativity, and you can look at all the problems that are out there, but to me, problems are just solutions that haven't been found yet. So looking for how do I get around this hurdle or bypass this issue or this problem?" - Keith Makse
Connect with Keith Makse:
Website: https://www.blueoceanpropgroup.com/
Instagram: https://www.instagram.com/keith.makse/
Facebook: https://www.facebook.com/keith.makse
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 Nov 01, 2021
Monday Nov 01, 2021
Expert Investor and Mortgage Lender Scott Dillingham has helped thousands of investors grow their net worth through real estate. He has been lending for nearly ten years and has quickly become the top sales rep at every lending institution he worked for.
In this episode, Scott shares what most people's mistakes are when doing financing deals. At the same time, he talks about tips and the important steps you can take to get financed properly and avoid the pitfalls most people get into.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
Learn how to do proper diligence on your numbers so you won't run into trouble with your financing deals
Find out how to optimize your portfolio and increase your financing capabilities.
Discover the mistakes people usually commit in their financing deals, so you avoid getting into that same trap again, and the tips to be properly financed
Resources/Links:
Website: https://canadianrealestatenetwork.com/
Topics Covered:
01:03 - Biggest issues with regards to financing deals that he has found solutions to
03:00 - Difference in going for the mortgage broker versus the bank
04:32 - What properties does he focus on
05:36 - Financing mistakes new real estate investors are committing
06:16 - One quick tip to have proper diligence on your numbers
07:25 - Mistakes people make when applying for financing
08:51 - Tips on how to get financed properly
10:03 - Finding a good mortgage broker
12:08 - How they are able to lend to other places other than just Ontario
13:44 - Talking about his 'Canadian Real Estate Network'
Key Takeaways:
"I would say, the biggest mistake that I see investors make is not analyzing all the expenses properly. They'll look at the cash flow, mortgage, and taxes, and then they determine they're going to make $700 a month. But in reality, when you really look at the numbers, maybe it's only $200 a month."- Scott Dillingham
"One quick tip that I have my clients do for better due diligence that's super easy because numbers don't lie, ask the previous owner for his tax return. You can clearly see the expenses that are in that property." - Scott Dillingham
"To make it easier for someone to be refinanced properly, it is best to try to stay with one broker or one lender as you grow. What will happen is, we can recycle documents. It's cumbersome to apply for a mortgage, but if you're with the same person, and they can help you grow, it's easier to update." - Scott Dillingham
Connect with Scott Dillingham:
Website (Mortgages): https://lendcity.ca/
Website (Learning): https://canadianrealestatenetwork.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 Oct 28, 2021
Thursday Oct 28, 2021
Van Sturgeon is a real estate investor, homebuilder, renovator, general contractor, and a high-performance coach with over 30 years of experience in the real estate industry.
In this episode, Van shares how he goes about rehab and renovations with the least amount of money but makes a good ROI. He also suggests great sources of good contractors you can depend on.
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 biggest thing Van advocates that is critical to consider when doing residential renovations
Find out which properties you should concentrate on looking for when doing flips to give you the biggest ROI
Discover how to make your properties have that curb appeal to give people that powerful sentiment to want to own the property
Resources/Links:
Free Training, Click here: http://www.vansturgeon.com/mentorship
Topics Covered:
01:47 - How he stumbled on the renovation side of things in real estate
03:34 - The biggest thing he advocates when doing residential renovations that have done so well for him in the commercial side of it
05:23 - How to go about rehab and renovation when you're a completely new investor
08:00 - Where to put your dollars when doing rehab on a limited budget
11:25 - One thing he encourages people to do if they seriously consider the rehab and renovation strategy
14:32 - Good sources to find good contractors
Key Takeaways:
"What I think is really critical is the establishment of an actual document. That's called a scope of work that can be given to every contractor. So you have a good comparison of quotes, and then you also hold people accountable because I've had everything itemized within that contract within that actual scope of work." - Van Sturgeon
"If you want to get the best bang for your buck on a limited budget, those are the areas that I would look at, landscaping, so that can involve re-topping of the driveway, painting the garage doors, doing clean up of the hedges, very inexpensive things that all of a sudden dramatically increases the curb appeal." - Van Sturgeon
"I strongly encourage people if you really want to be active in this business, you need to act as your own general contractor and not hire a general contractor. Because being a general contractor myself, in situations where a project is 50,000 to 100,000, my profit margin, something like that, would be somewhere around 30%. And so that stuff is a huge saving." - Van Sturgeon
"By doing a renovation yourself and handling that aspect, it teaches you a new skill set that you can use when you can purchase your second, third, fifth property that you can then evaluate your property, it teaches you how to look at something walking in." - Van Sturgeon
Connect with Van Sturgeon:
Website: http://www.vansturgeon.com/
Instagram: https://www.instagram.com/vansturgeon/
Facebook: https://www.facebook.com/vansturgeon1
YouTube: https://www.youtube.com/channel/UCDQlgphewMt2Hy4M94pLWog
LinkedIn: https://www.linkedin.com/in/van-sturgeon-029018200
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 Oct 26, 2021
Tuesday Oct 26, 2021
Boston Real Estate Investors Association, more commonly known as Boston REIA. The largest real estate investor education group in the Boston area, they provide their members with an unsurpassed education as well as the finest networking opportunities available. Their goal is to educate and motivate real estate investors to achieve the success they desire. The group’s focus is promoting fruitful and ethical real estate investing standards for both the experienced and novice investor.
In this episode, Gualter shared how their company became different among others and how they can manage their 5,000 members.
Checkout : https://www.bostonrealestateinvestorsassociation.com
www.bostonareia.com
https://gualteramarelo.com/
What you'll learn in just 17 minutes from today's episode:
Acquire knowledge of how to manage a large number of members.
Gain an understanding of which is more effective between business cards or asking directly the phone number of the client.
Learn what strategies in conducting meetings and event during this pandemic time.
Key Takeaways:
“ It’s not just how many people come get in the room, it’s how many people we can keep in the room”
Monday Oct 25, 2021
Monday Oct 25, 2021
In 2015, Paul Thompson wanted out. His corporate office had become a suffocating cell. Paul decided to start buying rental houses, build passive income and break the chains of Corporate America. He was so successful; he secured 20 deals in his first 18 months of investing. Since that time, he has acquired more than two dozen rentals without bank financing. Now he teaches others how to raise money from regular people that have some funds to invest. In addition to coaching others and still investing himself, Paul hosts a podcast to educate others. Ready Investor One Offers tips, hacks, insights, and more for listeners interested in creating opportunities for passive income. "Level Up YourLife through Real Estate investing."
In this episode, Paul shares how to look at money as a resource and not something to strive for, switching one's outlook from earning loads of money to creating streams of income or buying an asset that works to provide revenue while you sleep.
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 what your time value of money is
Discover the five categories of thinking about money as simply a resource
Find out how to have a mindset shift of not trading your time for money
Resources/Links:
Website: https://myfreedomfoundry.com/
Topics Covered:
01:34 - A mindset shift you want to take around money
03:24 - Tips on how to shift to this new money mindset
06:24 - Creating residual income
07:23 - Value is subjective
10:52 - Remind yourself that you don't actually want money
12:23 - What can you do that's valuable and interesting to you
15:43 - Looking forward to Paul's presentation about analyzing the market, finding your niche, and making offers to help people
Key Takeaways:
"One of the best exercises that I think someone can do to kind of capture and get their head around the goldfish bowl that they're in is to figure out what your time value of money is." - Paul Thompson
"One of the first things you want to get your head around is separating time from money. There's a saying that time equals money, and we're trained to exchange our time for money. And that's a huge mistake if you want to accomplish the things you want to do in your life. Money is simply a resource; you don't want to just be trapped into the framework of exchanging time for money." - Paul Thompson
"Value is subjective, so you want to go out into the marketplace and create value." - Paul Thompson
"You don't want more money; you want what money can do for you." - Paul Thompson
"Figure out what you want personally, figure out how to be resourceful enough to acquire the assets and the money that you need to do what's important to you. Do something that matters to you and your life." - Paul Thompson
"You have plenty of money for all the things in the world that you truly want." - Paul Thompson
Connect with Paul Thompson:
Website: https://www.pauldavidthompson.com/
LinkedIn: https://www.linkedin.com/in/paulthompson-wincoreinvest/
Facebook: https://www.facebook.com/paul.thompson.16100921
Instagram: https://www.instagram.com/pauldavidthompson/
Twitter: https://twitter.com/WinCoreInvest
Podcast: https://podcasts.apple.com/us/podcast/ready-investor-one/id1343930864
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 Oct 21, 2021
Thursday Oct 21, 2021
Rhode Island Real Estate Investors Group, is an educational, networking and support group for real estate investors.
In this episode, Frank Patalano discusses how to build a good partnership, what topics they feature during meetings and how they have faced the many changes brought forth during the pandemic.
Check out: www.rireig.com
What you'll learn in just 17 minutes from today's episode:
Progress is choosing the right business partner who is willing to listen and learn.
Learn the benefits of getting in or involved in an active real estate club.
How RIREIG overcame the problems of the pandemic.
Key Takeaways:
“Be nice, be friendly, talk a little bit, sit back, listen a lot more, and get the feel of the group and then gradually keep coming. “ Frank Patalano
Thursday Oct 21, 2021
Thursday Oct 21, 2021
James Svetec is an Airbnb expert and investor, Co-Author of Airbnb for Dummies.
Riley Oickle is a Real Estate Investing Expert who manages a portfolio of over 70 doors across Southwestern Ontario.
In this episode, James and Riley talk about how their Airbnb properties are doing exceptionally well despite COVID. They share how they pivoted their strategies to keep their properties cash flowing and continue to build projects catered to the market's demands at this time and even well beyond COVID.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
Find out an investment strategy for Airbnb properties that can accommodate various market segments for more positive cash flow
Discover what amenities to add to your Airbnb properties that have high demand in the market
Learn how to make your Airbnb properties cash flowing even during a down season such as this pandemic
Resources/Links:
BNB Mastery Program:https://bnbmasteryprogram.com/bookacall-path
Topics Covered:
01:06 - How Airbnb are doing pretty well despite COVID
02:16 - The adaptation Airbnb has to do during this pandemic
04:33 - Getting projects amid the pandemic
06:02 - Providing amenities for Airbnb properties renters are looking out for
07:32 - Renovating distressed properties into Airbnb rental single-family unit
09:41 - Long-term and short-term rental rates for single-family unit properties
11:16 - How rural properties are maintained
12:28 - Know what you're doing when running your numbers
Key Takeaways:
"I'd say with Airbnb, in general, the major shift is that if you're in a downtown core location that relies a lot on international travelers coming in, get your place booked up, then you're finding you have to pivot your strategy." - James Svetec
"Any area within two to three hours drive of a populous downtown urban center, you see huge spikes in the numbers there. Inventory is getting completely booked up. So you can charge some pretty hefty rates compared to what you normally would, and you're going to see really, really high occupancy rates even through the winter." -James Svetec
"I always tell people like when you're investing in short term rental, a lot of people's concern is that there's a lot of volatility in the market. And the truth is, it's not unpredictable; it's highly predictable. And you can look at data to figure out exactly how well a property is going to perform. You just need to know what you're doing when you're running those numbers. And then you always want to have backups and contingencies in place." - James Svetec
"It's important to number one, just run the numbers conservatively and know what your worst-case scenario is. But then also just have different backups in place so that you're never left with the property that's not going to be cash-flow positive." - James Svetec
"I think what it really comes down to for a lot of people that are on Airbnb is looking for certain amenities, certain features. And especially right now, people in these urban centers wanted to get out of the city. But sometimes they're actually looking to go to the city to work still and maintain the same standard of living that they were in beforehand." - Riley Oickle
Connect with James Svetec and Riley Oickle:
Jame's Instagram: https://www.instagram.com/jamessvetec/
Riley's Instagram: https://www.instagram.com/rileyoickleinvestor/
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