Real Estate Investing Mastery Podcast

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Latest Episodes:

What Are You Doing?! Don’t Quit! » Episode 910 Sep 18, 2020

Show notes

99% of sellers are going to say no to you the first time you make an offer to them. They just want to sell their house, and your lease option looks like it could complicate their life. What you’re looking for is a motivated seller, and finding one is why I’m telling you to stop quitting! If you’re in this business saying that you’re going to send a thousand postcards “Just to see if it works”. No! For crying out loud, give it six months. Give it some time. It is not an overnight success kind of job. In a 12 month period, we analyzed the 58 deals that we did. 4 of these deals were an immediate yes. 54 of these deals came from an average of 5-6 follow ups. That means months of time dedicated to following up.If following up is the most important thing you can do in real estate, if it netted us 54 extra deals, then how can you possibly follow up if you only give yourself a month to succeed? I get it; money might be tight right now. If you’re looking for ways to find success through the recession, my book Recession Proof Real Estate Investing is going to help you navigate this downturn. For $7, this PDF can be downloaded immediately and you can start putting into place systems that will help you find sellers, make offers, and build your real estate empire. What’s Inside: —Out of 58 deals we did over 12 months, 54 of them came from the follow up. —How often should you be following up? —If you want to do real estate full time, you have to be committed to it.

How to Have the Perfect Work/Life Balance with Gavin Timms & GiGi! » Episode 909 Sep 16, 2020

Show notes

Gavin talks with Gigi, one of our coaching clients, about her new passion for real estate. A doctor by trade, Gigi was already busy, but she had goals that couldn’t be reached on just her doctor’s salary. When she saw the chance to sign up for coaching, she jumped so that she could have someone help her fine tune her approach. Gigi is someone who loves to get out and explore everything that life has to offer, and she brings this same go-getter attitude to her real estate business. We’ve been careful to tailor her schedule around her two demanding jobs. Because she’s a doctor, physical health is an important part of her well-being, and she prioritizes true balance in her life. But you can hear her passion and excitement for how real estate is changing her life. You’ve heard me say it a million times, but the most important part of your real estate business is making offers, making offers, making offers. One of Gigi’s first deals happened because she followed that golden rule, even when it seemed like a ridiculously low offer to the seller. You never know what’s going on in the seller’s life, so make that offer. We’ve been helping coach Gigi so that she can continue to achieve balance between her goals and her work. If you need some help fine tuning your real estate business, let’s connect. Fill out a form on our website, and we’ll set up a call to see if we’d be a good fit for you. What’s Inside: —Breaking into a new industry means you’ve got to find a new way to network. —Why making any offer, even a lowball offer, matters. —How to get excited about the life you’re living. —Gigi’s tips for getting organized so that you can balance your W-2 job and your side hustle.

Before You Quit Your Job – Important Lessons Learned » Episode 908 Sep 14, 2020

Show notes

If you are someone that’s working a full-time job, but you want to do real estate full-time, then gather round because I have ten things you need to get straight before you strike out on your own. I worked as a civil engineer building power plants while I built up my real estate investing business, so I know a few things about making that jump into full-time investing. Don’t freak out your spouse by making that jump blindly. If you want to get your partner on your side, then you need to be prepared for the amount of hard work it takes to have your own business. Not having that regular paycheck can be one of the scariest issues your marriage has ever had to face. I’m going to be honest about some of the preparation I didn’t take before I quit. I wasn’t always the hardest worker when I was at my W-2 job. Don’t be like me. You’re going to quit and work harder than you ever have in your life, but it’s going to be worth it. As an added bonus, I’m including some of my favorite books about entrepreneurship and mindset that you should read to get your mind right. I know I recommend these books all of the time, but they are amazing because they’ll help you take your business idea and improve on it. What’s Inside: —Why you absolutely must read Profit First if you’re thinking even just a little about quitting your job. —What is the most important skill for an entrepreneur? —Your work ethic before you quit your job matters a ton.

7 Figure House Flipping With Bill Allen » Episode 907 Sep 09, 2020

Show notes

If you’re a student of the housing market, you’re going to be able to see the trends before they happen. Whether you’re a new investor or not, you absolutely need to be networking with veteran investors who can steer you in the right direction. Masterminds, courses, groups, and conferences are going to connect you with the best real estate investors out there. As a Navy pilot, Bill Allen started casually buying a rental house at every station, and today he runs 7 Figure House Flipping. Last year he bought House Flipping HQ, and for the last four years he hosted one of the premiere real estate investing conferences Flip Hacking Live. With a YouTube channel, a podcast, and a busy real estate company, Bill has a lot to say about where real estate is going right now. If you’ve hit a wall in real estate investing, Bill wants to help you figure out how to climb over, walk around, or jump over that wall. October 15th, 16th, and 17th is your chance to hear million-dollar investors give up their exact strategies that they’re using right now. And while the conference has been moved virtually for this year, Bill and his team are working hard to make sure your experience is immersive and valuable. Tickets for Flip Hacking Live are available now, but prices will go up in a week, so sign up soon. If you use the coupon code “Joe”, Bill’s going to give my listeners the chance to access the best presentations from the previous four years. What’s Inside: —How Bill is having to change his marketing because of the current circumstances. —Low inventory is having a huge, huge impact on the market right now. —What Bill anticipates with inflation and what he’s planning on investing in. —Stop strengthening your weaknesses; outsource them.

Doing Deals While Playing Golf? » Episode 906 Sep 07, 2020

Show notes

I know from my courses that only 3-5% of people actually take action. Maybe they’re afraid of success. Maybe they can’t imagine what their life would look like if they became an afternoon golf playing real estate investor. But I’m here to tell you that this stuff works. My sons recently made $23,000 on a land deal, and they’re only teenagers. I just collected a check from a wholesaling partner for some minimal effort on my part. But look, these kinds of paydays don’t happen overnight. I put in the work and built the systems that let me take the afternoon off and relax. If you need some extra real estate education or just some encouragement, I’ve got you. Sign up for my emails for some of my greatest teaching moments. Purchase my book REI Secrets, a book sometimes called the Tool of the Titans book for real estate investors. It’s possible to make a great income without investing $40k in a college education, and I’m here to prove it to you. Invest in a little REI education and learn how to make money while you’re golfing the afternoon away. What’s Inside: —What automated wholesaling looks like and why you want to get to that point. —My latest deal that yielded a $9,100 check without a lot of effort on my part. —How you can plug yourself into better real estate education. —What’s going to separate those who succeed from everyone else in real estate.

How To Scale Land Investing Deals with Willie G from the Land Investing Pros » Episode 905 Sep 04, 2020

Show notes

Without a partner, Willie G made a good living buying and selling vacant land. But when he combined forces with his new partner Paul, Willie was ability to scale his business up big time. Now, they close between 55-65 properties a month, and his profit margins are hovering around 83%. I’ve been flipping vacant land with my boys lately, but Willie G takes it to a whole new level, so I had a lot of questions for him. I know some people specialize in infill lots, while others only want rural lots, but Willie’s criteria is a little different. He’s making offers for twenty cents on the dollar. In any niche in real estate, you’re going to offend someone when you make a crazy low offer like that, but Willie has so many leads that he never worries about someone getting mad about his lowball offers. In this podcast, Willie is hugely generous with his answers. No one else is buying and selling vacant land quite like him, so he and his partner created The Land Investing Pros to help other real estate investors learn their system. They’ll be teaching their students: —How to choose markets —How to close deals —How to build their lists —How to price those lists —How to scale their land investing business Willie is bullish on the vacant land market. And when you can make your capital back in just a year, I agree. Why wouldn’t you want to make some easy money? What’s Inside: —What kind of due diligence Willie does for each land parcel. —Should you purchase land with your own capital or private investors’ money? —Notable deal killers that Willie avoids. —Willie’s criteria for the kind of lots he’s looking for. —The absolutely most important metrics to keep an eye on.

How Dani Got Started Doing Real Estate Virtually – In The USA – From Israel » Episode 904 Sep 02, 2020

Show notes

What kind of barriers do you put up in your mind about investing in real estate? Dani Beit-Or could see from Israel that investing in U.S. real estate was a great deal because of our “mortgage miracles”, and he started investing in American properties before he’d even immigrated here. Mortgages like we casually use in everyday banking are not the norm in Israel, but they’re not the only difference in real estate investing that Dani experienced. He coaches other Israeli investors on the four main differences between real estate here and there, including: —Language barrier —Terminology language barrier —Rental deposits and time expectations —American culture When Dani’s analyzing a deal, he has a minimum criteria, and he’s not married to the one percent rule. For him, the financial performance stands on three legs. It’s not just about appreciation or the amount of rent. He wants to know: what is the financial story of each property? When he obsesses over the worst-case scenario, he misses out on decent deals. Instead, he focuses on the realistic case scenario. That’s why he put together a massive Excel spreadsheet that he uses with all of the clients he coaches. If you’d like to get together with Dani, you can head over to his website. What’s Inside: —What the “mortgage miracle” is and how it helped Dani invest in the U.S. —The difference between a turnkey operation and a turnkey property. —Some of the biggest differences in buying a home in the US versus other countries, like Israel. —How property taxes and insurance rates affect the one percent rule.

Why It’s Important to Be a Student of History and Your Real Estate Investing Business » Episode 903 Aug 31, 2020

Show notes

I love reading about the Rockefellers and the Vanderbilts because as their families went through great economic crises, they adapted their businesses so that they could make even more money. In the Great Recession, I learned a lot about failure, and in my newest book Recession Proof Real Estate Investing, I’m going to share the lessons I learned so that you don’t make the same mistakes. If your plan is that you’re going to be able to refinance forever and keep pulling money out of your house to pay your bills, that has the potential to be a terrible idea. In the last Recession: —I was ignoring the fundamentals. —I wasn’t saving money for unexpected expenses. —I was ignoring the importance of cash flow. —I was ignoring the possibility of vacancies. You can’t ignore the fundamentals. When you make a decision based on appreciation or speculation, you’re going to get burned. If you’re going to recession-proof your business, you have to build it on real estate fundamentals. Included in my latest book is the bonus section Wholesaling 101, a class on how to buy properties at deep discounts and sell them to other investors for a quick $5,000-10,0000. And if you purchase this book, you’ll also have the opportunity to purchase some of my other real estate video series. If you don’t love my book, if it doesn’t point you in the right direction to help your real estate business, just let me know, and I’ll refund your money. What’s Inside: —Everything included in my newest book, including the bonus material. —How I missed opportunities in the last housing crisis. —Why your mentors should have some failures in their track record.

How To Profit In This Recession » Episode 902 Aug 28, 2020

Show notes

Now is the absolute best time to get started in real estate because housing can’t go up forever, and eventually the prices are going to come down. So where are the new opportunities? Huddle up because we’re already seeing some of them show up. Looking for opportunities is a lot like the book Who Moved My Cheese? When you see a change in the market, then you need to be looking for where the market is shifting to. Right now it looks like the housing in New York isn’t so hot anymore, but where is the cheese moving? Where are the new opportunities if they’re not in New York? In the last recession, I was throwing away a lot of leads that didn’t have any equity. And I realized, as I was doing this, that I couldn’t be a one-trick pony in the wholesaling world. I had to find a way to stop wasting my leads. The cheese was moving, and it was moving away from being able to rely entirely on wholesaling as my only strategy. If you want to know the number one way you can do more deals than anyone else, it’s this: answer your phone. I’m serious. Just pick up the phone. If you need three more ways to outperform everyone else: —Double down and invest even more. —Be a producer, not a consumer. —Learn to identify problems, and solve them. The whole reason I wrote Recession Proof Real Estate was to help you identify the opportunities. I include everything you need to do to be flexible and adaptive to the changing market. Learn how to make multiple offers, find buyers, nail your follow up, and succeed when others stop trying. Available immediately as a PDF download, my $7 book is the blueprint you need to profit in this recession. What’s Inside: —As entrepreneurs, we are the problem solvers. —How one broker is creating a buyer frenzy for houses right now. —Sellers are good at hiding their motivation, and how you can benefit from that. —Community collaborations are going to be one of the secrets to success moving forward. —Why the demand is always going to be leaning toward affordable housing.

How To Recession Proof Your Real Estate Business » Episode 901 Aug 26, 2020

Show notes

I spent three months writing Recession Proof Real Estate Investing and you guys are definitely going to want to get your hot little hands on it. It’s an incredible deal. There are four different PDF books included, and they cover: —Where the new opportunities are at in this recession —How to make multiple offers —Finding buyers (so important in a buyers’ market!) —Why the money is in the follow-up I’m giving you the actual marketing pieces that I use, and you’re going to want these because marketing for buyers is so important right now! I’m including the mind maps that inspired this book, and I’m walking you through Redfin, Zillow and other sites showing you how I look for houses and buyers on these sites. Included in the book is the bonus Wholesaling 101 class that I did with my good buddy Gavin Timms on how to wholesale deals from A to Z. And if you already have my Simple Lease Options course, I will be adding Recession Proof Your Business as a free bonus for that course. There is no audio version, but there is a video version, which you’ll need so that you can see me walk through things with you. This $7 PDF is available for immediate download, so don’t worry about waiting on the mail. I wrote this book because I want to help you find the opportunities that are everywhere right now, so click the link and download it today. What’s Inside: —What’s selling really, really hot right now (and you might be surprised). —99.9% of your deals are going to come from following up. —Hoard positivity, not toilet paper. —If you’ve already purchased my Simple Lease Options course, find out how you can get this book for free.

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