OPM Mastery

Latest Episodes:

060 The Story of my High-End $800,000 Flip Aug 04, 2016

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Last November I bought a house I planned to flip for $535,000. I estimate the home to be worth about $845,000 after minimal repairs, which is an amazing deal. The catch was, the home had a tenant in place with a ten year lease. I could not talk much about this flip the last 8 months, because I was negotiating with lawyers and the tenant. However, on August 1st, 2016, the tenant moved out and I gained possession of the home! On this episode of the InvestFourMore Real Estate Podcast I talk about the numbers, the repairs, dealing with the tenant, why a ten year lease was in place and much more.

059 Successful Part-Time Agent and Flipping Manager Nikki True (My Assistant) Jul 29, 2016

Show notes

Nikki True has been my assistant and vital to my business for over 6 years. In this episode of The InvestFourMore Real Estate Podcast I talk to Nikki about her career. Nikki happened into the real estate business, but loves it because of the freedom and money she can make. Nikki started out in the property management business working with my sister. When my sister started to downsize her business, I hired Nikki to help me. She has been awesome helping with BPOs, expenses, marketing, and much more. Plus she is a licensed agent and sells more houses than most full-time agents! Nikki has become the main person helping me with my flipping business. On the podcast we talk about all of this, and what it is like working with me and advice she has for others in the business.

058 Refinancing Rentals, Flipping 19 houses in 2016 and Investing in Florida Jul 20, 2016

Show notes

On this episode of the InvestFourMore Real Estate Podcast I discuss my real estate investing. I go over my flipping business (should sell 19 flips in 2016), my rental property plan (still looking to invest in Florida), my attempt at starting a subdivision, and refinancing some of my current rentals. This has been a busy summer and year for me. I have slowly been rebuilding my flipping business after a project manager I hired did not perform very well. I have got my team working on the flips now and things are going much better. I would love to be buying more rentals, but the market in Colorado keeps going up! I am not buying rentals here, but I do want to buy more rentals in another market. I also found a new bank to refinance some of my rentals. By refinancing four rentals and selling a couple this summer, I have gotten all the cash back I spent buying and repairing my rentals. I also just came out with a new book this week!

057 Surviving the Real Estate Crash with Corey Paszkiewicz Jul 12, 2016

Show notes

Corey Paszkiewicz has 6 rental properties, 4 duplexes and 2 single family homes. Corey bought rentals at a young age, because he saw the value in real estate investing. However, he bought a couple of his properties before the real estate crash and without being as educated as he is now about cash flow and getting good deals. On this week's episode of The InvestFourMore Real Estate Podcast, Corey talks about how he bought his rentals before and after the crash. How he was able to survive a divorce, a career change, and a changing real estate market. Corey has since started a very successful business, and is looking to get his real estate license to further his real estate investing and make extra money.

056 Buying Rentals in the Mainland from Hawaii with Dean Ueda Jul 06, 2016

Show notes

Dean Ueda is a full-time accountant who had bought rental properties in Chicago, Las Vegas, Denver, and his home state of Hawaii. Dean is in the process of buying a turn-key rental property in Milwaukee and hopes to go into real estate full-time. On this episode of the Invest Four More Real Estate Podcast I talk to Dean about how he has found and bought properties from long-distance. I also talk about how he recently acquired his real estate license and what his plans for the future are. Dean was born and raised in Hawaii and discusses the Hawaii housing market and why it is so tough to be a real estate investor in the state. Even though it can be difficult, Dean has purchased multiple houses in Hawaii and has done very well with his investments.

055 How to Expand a Successful Flipping Business with Brett Rickenbach Jun 29, 2016

Show notes

Brett Rickenbach worked in the biotech field for many years and always wanted to get into real estate. He had a dream of flipping houses, but never took the plunge because he had a solid corporate job. That all changed when he was laid off and forced to find a new career. Brett decided it was time to start his flipping business, so he joined forces with his brother and has flipped 6 houses he first two years in the business. On this episode of The InvestFourMore Real Estate Podcast I interview Brett to see how he was able to start a flipping business, what it is like partnering with family, how he is finding deals, how much money he is making, and his future goals.

054 Starting out in the Fliping and Rental Game With Dennys Passeto Jun 23, 2016

Show notes

On this episode of The InvestFourMore Real Estate Podcast, I talk with Dennys Passeto. Dennys has a full-time job in the internet marketing field, but has still flipped one house and bought two other rentals in 2016. Dennys has always had a love for real estate, but focused on his corporate career until just recently. Dennys is also in one of my coaching programs and it has been really fun for me to see him progress with his investing. It seems like every time I talk to him, he has another house under contract!

053 How to be a Successful Real Estate Agent Jun 16, 2016

Show notes

On today's episode of the InvestFourMore Real Estate Podcast, I talk about what it takes to be a successful real estate agent. I have been a Realtor for 15 years and had many ups and downs. I struggled when I first started and made a grand total of $28,000 in 2006 after I had been in the business a number of years. I went from selling 5 to 10 houses a year to selling over 100 houses and then 200 houses a few years later. Discovering REO was one reason I became so successful, but over the years the REO has decreased in Colorado and it is now a small part of our sales. I have built a team that still sells 100 to 200 homes a year, but now it is mostly retail sales and my team sells the houses instead of me. Two of the agents on my team made over $100,000 in their first year in the business and I will discuss what traits a successful agents has to have to be successful from the beginning.

052 Completing More than 60 Flips a Year with Nathan Brooks Jun 09, 2016

Show notes

Nathan Brooks passion is music, but he also loves real estate. Nathan is still a professional musician,but has built a very impressive real estate business. His company buyers, renovates and sells 60 to 70 houses a year. Nathan also has many rentals in his own portfolio. On this episode of the InvestFourMore Real Estate Podcast we talk about how Nathan got started in real estate, how he built a massive flipping and turn-key business, and what traits have made him successful.

051 What is Zillow all About? With Zillow's Jay Thompson Jun 02, 2016

Show notes

The Zillow Group has become a massive website with over 130,000 million consumers visiting a month. Zillow has become the most popular real estate website in the world, and many people wonder how Zillow will affect the real estate industry. I have spoken with many agents who think Zillow is trying to replace real estate agents. Others feel Zillow will start their own real estate brokerage in an effort to monopolize the industry. Today on the Invest Four More Real Estate Podcast, I discuss these issues and much more with Jay Thompson, who is the Director of industry outreach at the Zillow Group. Jay has an extensive real estate background and even owned his own real estate brokerage at one point.

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