Keep the best and sell the rest. That’s the motto of David Dodge, a killer wholesaler from St. Louis. He’s on the show today dropping some real nuggets for real estate investors of all kinds. David is on fire right now, doing wholesales, fix and flips, and he just published his first book. Tune in now to catch this guy while you can, because his real estate investments are really about to take off!

David then started renting properties out early on but quickly realized there’s a better way to do this business. That’s where the inspiration for David’s real estate investment strategy came from, and it’s really evolved over the past decade. You’ll want to pay attention to how David developed his profit master strategy. He’s professionally cherrypicking the wholesale properties that fit in with his goals and he’s spending the rest of his time honing in on what he calls the BRRR strategy.

This BRRR strategy David breaks down today is something banks love, too. We’re not talking about big banks here. In fact, David prefers to have his property loans with a few of his favorite banks rather than just one or two. He shares why other real estate investors should be jumping on this trend, and delves further into why he’s using private lender funds to invest in his wholesale properties. 

Remember - none of David’s success happened overnight. He took the time to invest in his education through books and mentorships in order to get to the point he is today. David shares where this consistent motivation comes from, but I want you to remember that it starts right here. The challenge for you is to apply the golden nuggets you learn today to your own business and your own profit master strategy to see what works. 

"If you’re in real estate long enough, you’re guaranteed to create some wealth. - David"

MINUTE MARKERS

2:44 - Here’s the man: David Dodge

3:25 - David’s got his new book sitting right next to him

5:05 - What’s David’s focus in real estate investing?

8:18 - Something changed five years ago that changed David’s path

11:10 - Did college influence David’s real estate strategy?

15:15 - What’s David’s business motto?

18:34 - David breaks down his profit master strategy 

22:32 - Have you ever heard of the BRRRR Strategy?

27:00 - Why portfolio lending with smaller banks is better

32:13 - What books inspired David the most?

37:39 - David’s got a couple of motivational quotes

43:45 - David’s favorite mobile apps

44:20 - How important is a good dashboard?

48:05 - A few apps and sites that can help you develop a dashboard 

49:42 - The greatest lesson David learned in wholesaling 

51:17 - The only 2 things that matter about CRMs: Notes and Tasks

54:30 - What’s the “perfect seller appointment”?

56:33 - How to use Tasks the right way in the CRM 

58:18 - David’s true definition of “wholesaling”

59:30 - Does David get 8 hours of sleep every night?

59:46 - What’s David’s morning routine?

1:01:46 - David lays out the whole team that’s rocking the St. Louis market right now

1:05:22 - Why (and how) is David using private lenders?

1:11:21 - What does the wholesale market look like in St. Louis?

1:13:37 - What is David most grateful for?

1:19:55 - How do the things and words you say affect your mood?

1:24:47 - How many coaches has David used in his career?

1:27:50 - Why David isn’t afraid of taxes anymore

1:29:18 - David is rocking radio advertising right now in St. Louis

1:35:30 - Where can you get your hands on David’s book: The Ultimate Guide to Wholesaling Real Estate?

1:36:49 - Connect with David on Facebook and Instagram

Wholesaling is so easy. Human beings make it difficult. - David

Links and Resources

HouseSoldEasy.com

The Ultimate Guide to Wholesaling Real Estate: Learn How to Buy Properties at a Discount

Discount Property Investor podcast

Joe McCall

Chris Arnold

Steve Trang 

Rich Dad, Poor Dad

The Real Estate Wholesaling Bible 

Relentless 

Klipfolio

Dropbox

REI BlackBook

Podio

Cyfe

ThinkUp

Ask Cory A Question

Want to get in touch with Cory and ask him your most burning Real Estate Investing question?  We’ve made it super easy for you. Just head over to our Ask Cory A Question page and start recording.  Cory will play your question live on an upcoming show and answer it personally.

Who Do You Want To Hear From?

Name some folks I should get on the show! Hit me up:support@realestateinvestingprofits.com and I’ll do my best to get them on.

Did You Get Your FREE Investing Guide?

TEXT the word PROFIT (38470) to immediately sent Your FREE Investing Quick Start Guide!

JOIN The Elite Real Estate Investor’s Board of Directors

http://JoinMyMastermind.com

Connect Here

Please check out our website, realestateinvestingprofits.com for the “Down and Dirty” Ultimate Real Estate Investing Quick Start Guide download.

If you’ve never heard of an “infinite banking strategy”, today is your lucky today! Chris Miles is on the Profit Masters right now to help you figure out new ways to get some extra money coming in. These are strategies you may never have considered before because it really goes against all of the traditional things we’ve learned when it comes to banking, investing, and retirement funds. That’s why they call Chris the anti-financial advisor. He’s up here turning the industry on its head with some of the things he’s doing out here.

Since retiring in 2006 - yes, that’s right, I said RETIRED, he’s popped back onto the scene to teach people like us how to do what he’s doing to create these strong streams of passive income. There are ways to make key investments with your mutual fund and even your life insurance that can get you to true financial freedom. These are the kinds of investments that pay off, and Chris shares the different ways you can use to them to finally declare your own financial freedom. 

I’m very excited about today’s episode because Chris is part of the Collective Genius Mastermind group I’m in. He and I have learned a lot from each other over the past year, and I really value the way he encourages us all to challenge the things we’ve been taught. Ignorance is expensive - you’ll hear us say that a lot on this episode, and it can really benefit you both financially and spiritually to get a fresh, new perspective on the way we’re doing things. Real estate investors, like all entrepreneurs, can get comfortable in the routine. But to keep that entrepreneurial fire burning, you’ve got to learn new perspectives and try new things. Part of what makes our businesses so great is the journey of learning we get to go on every day. So tune in right now and learn something new from Chris Miles!

MINUTE MARKERS

3:00 - Meet Chris Miles!

4:25 - Why did Chris quit being a financial advisor?

6:01 - What do Chris’ ideal clients look like?

7:35 - Who inspires Chris the most?

9:40 - The moment Chris realized real estate could make him financially free

15:05 - Part 1 - What happens when you start to question everything you think you know?

17:03 - Part 2 - It opens a door to a whole new world of opportunities! 

19:15 - What investment strategies are working for Chris right now?

21:00 - What is “relationship capital”?

22:48 - The truth about mutual funds 

24:34 - Chris’ strategy for investing with life insurance

31:14 - The biggest challenges Chris is facing in the market right now 

33:48 - The biggest lesson Chris ever learned

35:09 - What would Chris change about his past if he could?

36:28 - Chris’ favorite motivational quote

38:14 - The highs and lows of being an entrepreneur

41:02 - Does Chris get 8 hours of sleep every night?

41:12 - What’s Chris’ morning routine?

42:17 - What is Chris most grateful for right now?

45:08 - Chris has mentors for everything, from fitness to real estate

46:36 - Hope is what gets Chris up every morning

48:13 - Send Chris a message chris@moneyripples.com

QUOTES

When the student is ready, the teacher will appear. - Chris 

There are so many different ways you can get paid. The cool thing is that it doesn't even require money to make money to do that stuff. It's all about the relationship capital, not just financial. - Chris

RESOURCES

Money Ripples Podcast with Chris Miles

Chris Miles Money Show with Chris Miles

Money Ripples Facebook 

Rich Dad Poor Dad by Robert Kiyosaki

Who Took My Money by Robert Kiyosaki

Three Feet from Gold by Greg Reid and Sharon Lechter

Never Give Up by Donald Trump 

Ask Cory A Question

Want to get in touch with Cory and ask him your most burning Real Estate Investing question?  We’ve made it super easy for you. Just head over to our Ask Cory A Question page and start recording.  Cory will play your question live on an upcoming show and answer it personally.

Who Do You Want To Hear From?

Name some folks I should get on the show! Hit me up:support@realestateinvestingprofits.com and I’ll do my best to get them on.

Did You Get Your FREE Investing Guide?

TEXT the word PROFIT (38470) to immediately sent Your FREE Investing Quick Start Guide!

JOIN The Elite Real Estate Investor’s Board of Directors

http://JoinMyMastermind.com

Connect Here

Please check out our website, realestateinvestingprofits.com for the “Down and Dirty” Ultimate Real Estate Investing Quick Start Guide download.