Real Estate Investing Profit Masters by Cory Boatright (general)

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Syndication

This episode contains strong language.

I’ve got another fantastic interview lined up for you all today! The Joint Ops duo – Jimmy Vreeland and Bob Scott – are joining me on the Profit Masters Podcast. Joint Ops is their real estate brain child, and their experiences in the military not only inspired their company name, it also inspired their incredible work ethic. It may have also inspired their vulgar jokes, so be warned that there is some foul language in today’s episode around the 36 minute mark.

These two dudes specialize in buying older, single-family homes with a lease option exit strategy, and they are slinging lease options all across St. Louis. We talk about what inspired them to start these leasing options instead of the traditional flip-and-sell model. There were a lot of “a-ha” moments that brought them to this point in their business, and I know a lot of you are familiar with that feeling. You know when everything seems to fall into place but you don’t know how or where it’s going? That’s how these two thrive. Their whole mentality is about starting something just to see where it goes. Because it doesn’t matter if you get it right, as long as you get it going!

In terms of getting it going, pay close attention to Jim and Bob’s investment strategy that we talk about today. Their use of social media marketing and private lenders is definitely going to change the way you think about things. They are a pair of inspiring guys and I am very excited to have them on the podcast!

MINUTE MARKERS

4:55 - Meet Jim and Bob from Joint Ops!

5:50 - What is Jim and Bob’s area of expertise?

6:24 - Where did “Joint Ops” come from?

7:38 - Kiyosaki is another big influence for this duo

8:20 - The big breaking points for Jim and Bob

9:30 - What is Bob’s business background?

10:40 - How did Jim and Bob meet?

13:17 - What inspired these two to pursue lease options?

16:08 - How they faced their biggest challenge

17:05 - How to get private lenders

19:08 - Jim and Bob’s EPIC Profit Master Strategy with social media marketing

20:44 - Which marketing apps are they using?

21:45 - Step by step using Livecom.com

26:38 - Bookkeeping still slips Jim and Bob up

28:40 - The perks of hiring a professional bookkeeper

30:10 - The greatest lesson Jim and Bob ever learned

30:23 - Jim and Bob drop some advice for the newcomers

32:40 - A helpful formula for commercial lease options

35:10 - Jim and Bob’s favorite quotes

36:00 - Warning! One of their favorite quotes is a vulgar one!

37:48 - The reality of running a business

38:07 - Ready, Fire, Aim!

40:02 - The books that changed Jim and Bob’s business lives

41:17 - Jim and Bob’s favorite apps

46:27 - How do they get more than 8 hours of sleep at night?

47:29 - Consider adding cold water exposure to your morning routine!

50:23 - Why does Bob do this thing?

53:30 - Hire a mentor on Day One!

54:30 - Cory recommends some good stuff

56:50 - What are these guys most grateful for?

59:17 - How do they do what they do?

1:01:51 - Check their YouTube channel and get in touch with these guys!

QUOTES

We built our entire business and portfolio around maximizing cash flow. - Bob

Just be comfortable with being uncomfortable.- Jim


Links and Resources

Jim & Bob on YouTube

Joint Ops Website

Rich Dad Poor Dad & Cashflow Quadrant by Robert Kiyosaki

Ready, Fire, Aim by Michael Masterson

Antifragile & The Black Swan by Nassim Taleb

Ron Legrande

Joe McCall

Joe Fairless

Tim Ferriss

Livecom.com

Bitly

Callfire

Bench.com

Xero.com

Rently

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.

 

And don’t forget to get involved with the REIP coaching program at realestateinvestingprofits.com/coachingapplication or click on the “Coaching” tab on our website!

 

Direct download: Episode_54__Jimmy_and_Bob_from_Joint_Ops_Properties.mp3
Category:general -- posted at: 5:00am EDT

Ever feel like you’re getting too caught up in this business sometimes? The market is always changing. There’s so much information coming at us all the time. We can barely keep up! We think we have to learn it all, do it all, when really all it takes is that one first step. Get your head on straight and follow your gut. Deciding on a path and seizing it is a surefire way to get yourself better organized! This is your business and it’s motivated by you and your faith in doing exactly what you need to do.

My guest today is Joe McCall. He’s going to break down his strategy for wholesale leasing options deals, but he’s also going to discuss how to balance your time, your tenants, and your business. Joe does his research and finds the perfect neighborhoods for his investments. He calculates his most comfortable income and only creates deals that fit within that spectrum. His strategy also avoids the two major pitfalls real estate investors succumb to. Failing to pre-screen tenants is a major part of today’s podcast, and Joe talks about his screening strategy to help protect you and your investments from unrewarding tenants.

Tune in now, and if you really enjoy today’s episode, give me a shout out and leave me a review. Now, here’s Joe McCall!

MINUTE MARKERS

6:25 - Meet Joe McCall

8:07 - Joe breaks down his real estate expertise

10:28 - What was Joe’s breaking point?

15:00 - Understand the focus behind Joe’s real estate investment strategies

17:23 - How does Joe know when to walk away from leasing deals?

20:45 - Here’s how Joe screens his tenants

21:50 - The two biggest challenges Joe faces with lease options

24:30 - Why would you need a licensed realtor?

27:37 - You need to start pre-screening your tenants!

29:40 - What’s the best lesson Joe ever learned?

31:40 - Joe drops some advice for the newbies

32:12-  Joe’s favorite quote is a powerful one from Jim Elliot

32:57 - Have you read Pumpkin Plan?

33:33 - Joe’s favorite mobile apps

34:02 - How does Joe get 7 hours of sleep?

35:04 - Joe breaks down his morning routine

35:41 - What is Joe most grateful for?

36:53 - When did Joe hire a mentor?

38:22 - Joe is inspired by this business!

39:39 - Check out Joe’s podcast: Real Estate Investing Mastery

 

QUOTES/Tweets

It’s always important to sharpen your brain, sharpen your skills. - Joe

It’s okay if I make a mistake, I’m going to do this anyway and I’m going to figure it out. - Joe


Links and Resources:

Joe’s Website: Real Estate Investing Mastery

Interested in wholesale lease options? Check out Joe’s Wholesaling Lease Options

Chris Chico

Steve Cook

Tom Kroll

Jim Elliot

Secrets of a Millionaire Landlord by Robert Shemin

Pumpkin Plan by Mike Michalowicz

Profit First by Mike Michalowicz

Evernote

Voxer

Slack


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.

 

And don’t forget to get involved with the REIP coaching program at realestateinvestingprofits.com/coachingapplication or click on the “Coaching” tab on our website!

 

Direct download: Episode_53_Joe_McCall_Lease_Option_Mastery.mp3
Category:general -- posted at: 5:00am EDT

Matt Theriault is here today to break down three of his epic real estate investment strategies. Matt is the founder of Epic Real Estate, and his strategies are as creative as they are epic. You’re going to want to start using them immediately after listening to today’s episode.

Matt is from California, but he turnkeys most of his properties throughout the country, including Missouri and Minnesota. His approach to Epic Real Estate is to create as many offers as possible to give himself, his team, and his buyers the best bang for their buck. Matt’s business is divided into their tiers: education, turnkey, and funding. I ask him how the three work together to build his team and his portfolio, and he shares all the ways he leverages his resources and his skills to create these amazing investment strategies.

We’re always talking about successful investments on this podcast, but there’s a time to address the challenges too. Without challenges, there is no way to measure our success. Matt’s challenges are no different than ours, but his approach to solving them might be. The way you succeed is to learn from yourself and from others’ mistakes. Hearing how Matt deals with property managers may help you find and hire the right people to boost your team. The stronger your team, the better prepared you will be to implement the systems and strategies we break down on today’s episode. So tune in now and check out the resources Matt uses to strategize success!

MINUTE MARKERS

4:05 - Matt is talking from Glendale, Cali

6:00 - What’s Matt’s area of expertise?

6:46 - How does Matt do his turnkeys?

8:13 - Napster got Matt into the real estate business

9:30 - Matt’s inspiration came from unlikely places

11:50 - Matt started as a real estate agent but then WOKE UP

13:30 - Matt’s big turning point

16:11 - Matt’s best real estate investment strategy comes from seller financing

19:11 - We break down the numbers of Matt’s strategy

20:48 - What’s the difference between selling a note and selling a house?

22:30 - What is RMLO?

24:12 - How does Matt use Zillow.com?

25:35 - What does Matt think about Craigslist?

26:10 - Matt breaks down the math of some potential offers

28:05 - What happens when owners start the conversation of the creative deal?

30:00 - Matt’s got advice for people who bring cash to closing

31:30 - Matt’s biggest challenge is finding good people

33:24 - Matt’s strategy for generating leads

35:28 - Stop thinking so small, investors!

38:25 - Matt’s got some great motivational quotes

39:00 - What book changed Matt’s life?

40:02 - Matt uses Voxer

41:42 - How Matt excels off six hours of sleep

42:00 - Matt’s morning routine

43:01 - Matt is most grateful for this country

44:20 - How mentoring changed Matt’s life

47:19 - What gets Matt up in the morning?

48:20 - Get in touch with Matt at Epic Real Estate

 

QUOTES

“Real estate is the final frontier where the average person has a legitimate shot at creating real wealth.” Matt

“Life happens differently to everybody. It motivates them in different ways.” Matt

Links and Resources:

Epic Real Estate

Epic Real Estate Podcast

Zillow

Rentometer

Craigslist Real Estate

Loopnet

The Slight Edge by Jeff Olson

Awaken the Giant Within by Tony Robbin

Voxer



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.

 

And don’t forget to get involved with the REIP coaching program at realestateinvestingprofits.com/coachingapplication or click on the “Coaching” tab on our website!




This episode of Real Estate Investing Profits is all about the good vibes. My guest is using his business as a way to inspire Christ’s teachings in everyone he meets. This is ministry through empowering real estate investors, and this kind of good energy is something I’m really excited to see happening firsthand!

Brett Snodgrass is on the show today to talk about how he balances faith with profit. He’s sharing some serious wholesaling strategies that you can start using immediately in your business. Brett is the founder of Simple Wholesaling. He’s making deals, selling properties, and even hosting his own podcast. He’s got great advice for new investors because he uses his experiences to coach and mentor others through the challenges we all face in real estate and in life.

The important thing we talk about in today’s podcast is how influential teaching can be. Beyond having Christ’s teachings in your life, teaching your own experience can be extremely influential. Mentors and mastermind groups mean having a team there with you to support you. And Brett’s coaching strategy involves teaching the competition how to make the most out of their wholesaling investments. Because coaching isn’t just about sealing the deal and signing the contract. It’s about building relationships and learning from each other.

MINUTE MARKERS

4:54 - Meet Mr. Brett Snodgrass!

6:45 - Check out Cory on Brett’s podcast

7:40 - What’s Brett’s area of real estate expertise?

11:24 - Brett read Rich Dad Poor Dad when he was 26

12:50 - What’s it like to sell real estate on eBay?

14:35 - Brett’s biggest influence will surprise you

16:54 - Why was Brett being sued by Paramount Pictures?

21:20 - We are blown away by Brett’s Christian mission

26:20 - Time to talk about investing strategies!

27:05 - Private money vs. Hard money fees and penalties

29:00 - When can you punch Brett in the face?

29:35 - How did Brett get into wholesaling?

30:38 - Brett breaks down how you can beat the competition

35:00 - How does Brett build strong sales relationships?

38:06 - Brett breaks down his closing profits

39:58 - The biggest challenge Brett ever faced

41:00 - Brett hired a coach to help him beat the challenges

43:33 - The biggest lesson Brett learned was how to FOCUS

49:25 - How to focus on your KPIs

51:44 - Brett’s big advice for new investors

54:33 - What’s Brett’s favorite quote?

56:00 - What book changed Brett’s life?

58:48 - What apps is Brett using every day?

1:01:23 - How mobile business changes the real estate scene

1:04:40 - Brett’s morning routine is pretty spiritual

1:06:00 - What’s a daily huddle?

1:07:04 - What’s Brett most grateful for?

1:09:45 - What’s the BIG WHY for Brett?

QUOTES

We all have our strengths, we all have our weaknesses. My strength is finding deals and negotiating. - Brett

We started a meetup group, we’re teaching people how to wholesale… we’re teaching our competition. - Brett

RESOURCES

Brett’s Website: Simple Wholesaling

Brett’s Podcast: Simple Wholesaling Podcast

Jaren Barnes

Zig Ziglar

Scaling Up by Verne Harnish

Traction by Gino Wickman

Get a Grip by Gino Wickman

Rich Dad Poor Dad by Robert Koysaki

Millionaire Next Door by Thomas J. Stanley

Audible

Gsuite Google Business App

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.

 

And don’t forget to get involved with the REIP coaching program at realestateinvestingprofits.com/coachingapplication or click on the “Coaching” tab on our website!

 

Direct download: Episode_51_Simple_Wholesaling_with_Brett_Snodgrass.mp3
Category:general -- posted at: 6:00am EDT

We are changing it up on a bit on today’s episode of Real Estate Investing Profit Masters. Usually we’re talking about flipping and wholesaling houses, apartments, even storage units. But today’s podcast is all about land. That’s right – just land. Wholesaling land is going to be a game changer for those of us looking for a new way to invest and sell. And it’s going to appeal to a lot of us because the profits are unbelievable!

Jack Bosch is my guest today because he’s a land wholesaling wizard. He’s developed a winning real estate investment strategy that he’s going to discuss today. He’s an amazing teacher and mentor that helps investors all over the country learn how to make huge profits wholesaling land to other investors looking to build. Imagine getting lots for less than 20 cents on the dollar! That’s the beautiful knowledge that Jack is going to drop today.

We know that the real estate scene is constantly evolving, and as real estate investors, we all want to keep up. Wholesaling land works just like wholesaling houses, only the profit margins are much bigger. Tune in now to hear how Jack uses seller financing and land tax loopholes to protect his bottom line and make the most out of his amazing real estate investment strategy.

MINUTE MARKERS

4:20 - Meet Jack Bosch!

5:55 - How did frustration inspire Jack to get into land wholesaling?

7:23 - Where was Jack working before becoming a real estate guru?

8:55 - Who influenced Jack the most?

12:40 - Jack breaks down his big breaking moment

18:15 - As an immigrant, Jack has a perspective on the US immigration laws

20:44 - How is Jack’s investment strategy working for him? Jack’s land deals

22:48 - How can we take advantage of these lots?

25:35 - Jack breaks down his seller financing strategy

26:30 - What’s the loophole in the tax code that Jack uses?

27:32 - How do you find the best deals for land?

29:29 - What is Agent Pro 24/7?

31:12 - How much money do you put up when buying land instead of properties?

33:10 - How does Jack work with his students?

34:20 - Jack breaks down how to uncover the true value of land

39:20 - What’s the biggest challenge Jack faces wholesaling land?

41:21 - The greatest lesson Jack learned in this business

43:10 - Jack’s advice for new investors

46:00 - Jack’s favorite motivational quote from Nelson Mandela

47:27 - Jack’s favorite book is our favorite book too!

48:48 - Why taking vacations is so important to your investing strategy

53:03 - What is Jack’s top mobile app?

54:48 - Jack’s morning routine means being “the breakfast guy”

56:24 - What is Jack most grateful for?

59:48 - When should you get a mentor?

1:03:26 - What drives Jack’s success?

1:06:50 - We talk about Jack’s book and new program, Land Profit Generator

QUOTES

“It took me three years of dabbling…before I developed my method.” - Jack

“The big lesson is to really keep it simple.” - Jack

Links and Resources:

Jack’s Facebook: Jack Bosch

Jack’s Website: JackBosch.com

Jack’s Book: Forever Cash

Jack’s Program: Land Profit Generator

Ron LeGrand

Mitch Stephen

Sean Terry

Warren Buffet

AgentPro247

Landwatch

Workplace for Facebook

Essentialism by Greg McEwen

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 Down and Dirty 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.

 

And don’t forget to get involved with the REIP coaching program at realestateinvestingprofits.com/coachingapplication or click on the “Coaching” tab on our website!

 

Direct download: Episode_50_Jack_Bosch_The_Art_of_Wholesaling_Land.mp3
Category:general -- posted at: 9:06am EDT

Welcome to Real Estate Investing Profit Masters! I’ve got my twin on the podcast today! At least, people are always saying we look alike. But Alex Joungblood is really killing it on the scene today with his wholesaling and construction projects. The man can balance it all – work, family, and investing – and really just has an amazing and positive approach to life and everything that he does.

A mistake landed him in the wholesaling business. Alex messed up his first deal, ended up going to court and lost money, but wholesaling got him out of the deal. He made a $12,000 profit, even after losing money initially, and it’s not just because he has good luck. Alex is an awesome business man with a positive attitude. He’s developed incredible hacks to break out of stagnant investing strategies. He and I actually worked together to bring a few of these hacks to you at WholsalingHousesFullTime.com/Cory. These are very basic hacks you can do without having a whole bunch of robots or virtual assistants. Alex doesn’t even have a virtual assistant at the moment. He’s crushing it all on his own, and he’s been able to create the kind of lifestyle he and his family deserve.

What makes Alex so successful? It’s definitely his “no excuses” mentality. You know that nothing is going to happen if you don’t do something first. It’s up to you to turn mistakes into profits, and it’s up to you to take that first step toward success. Even if you try it once, go get a “real job”, and then come back to real estate later (which is exactly what Alex did), all of your success will be because you took the initiative to learn what you needed to in order to get the job done. You’ve gotta take the leap if you want to fly. So Alex and I want to know – what’s YOUR next move?

MINUTE MARKERS

4:50 - Meet Mr. Alex Joungblood!

6:00 - Infomercials really got Alex involved in real estate

7:50 - What did Alex learn from his first deal?

11:05 - New construction is Alex’s real estate focus right now

15:18 - Alex’s breaking point was when he got a “real job”

18:25 - How did Alex decide to wholesale houses full time?

20:20 - Alex breaks down his profit master investing strategy

26:10 - We share our marketing hacks from WholsalingHousesFullTime.com/Cory

29:29 - The biggest lesson Alex learned

32:25 - If Alex started over again, he’d approach it from a data-driven standpoint

35:33 - Alex’s favorite motivational quote and books

41:48 - Alex’s favorite work and fitness apps

43:22 - How does Alex get 8 hours of sleep with 4 kids??

44:58 - Alex is most grateful for his family

45:50 - Alex talks about his different mentors and coaches

46:38 - Alex is motivated by his ability to create his own schedule and lifestyle

48:25 - Who has better taste in Monopoly properties – Cory or Alex?

51:14 - Get in touch with Alex on Facebook @Wholesaling HousesFT

 

RESOURCES

Alex’s Website: http://www.alexjoungblood.com/

Alex’s Facebook: Wholesaling Houses Full Time

17 Wholesaling Hacks

Carelton Sheets

Russ Whitney

The 4-Hour Workweek

ListSource

Podio

Fitness Pal

 

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.

 

And don’t forget to get involved with the REIP coaching program at realestateinvestingprofits.com/coachingapplication or click on the “Coaching” tab on our website!

 

Direct download: Episode_49_Alex_Joungblood_Real_Estate_Investing_Hacks.mp3
Category:general -- posted at: 6:00am EDT

I am amped about today’s episode of REIP. I haven’t been this excited for an interview in a really long time. My guest today is totally changing the scene through his investment strategies and his faith, and I couldn’t be more psyched to have him on today. Paul Moore is the real estate investor behind Smith Mountain Homes and Wellings Capital, and he’s got the perfect balance between earning and giving back. This interview is one of my favorites, so strap in and get ready to have your mind blown. And please watch us on the video because Paul’s got amazing charts and graphs that really illustrate how his multi-family investing strategy works.

Paul started out flipping properties like the rest of us, but how he got into multi-family investing is really interesting. He shares today how he launched an entrepreneurial venture in Detroit, got bored, and started flipping houses before flipping was even a thing. He started with mobile homes and moved up into waterfront properties. Things got tough when the housing bubble popped, like it did for most of us, but his recovery strategy was all about giving back. He was giving to others when he had nothing and it paid off in a huge way. He’s now working with multi-million dollar investments and teaching other investors how to benefit from the low risk and tax cuts of commercial investment in apartments and multi-family homes. Be sure to watch our interview video because Paul is sharing his graphs and his work illustrating how multigenerational profits work and how you can cash in on multifamily properties and investing. Start video at the 25 minute mark to see Paul’s charts and graphs that cover the on-going transformation of the housing market as we move through the 21st century.

MINUTE MARKERS

4:20 -  Here is Paul Moore!

5:30 - Paul’s got his own podcast

6:25 - Paul got his start at Ford Motor Company

8:00 - How did get Paul get involved in real estate?

9:15 - Paul was his own inspirational leader at first

10:15 - Paul’s local business Smith Mountain Homes helps local real estate agents

14:10 - How did faith help Paul get out of his $2.5 million debt?

16:30 - What is WWGMD and who is George Muller?

19:20 - Paul’s fateful meeting in a Subway restaurant that changed his view of subdivision

22:28 - How did Paul’s experience shape his real estate investment strategy?

24:23 - What’s the difference between investing and speculating?

25:38 - What’s working for Paul’s commercial multi-family investing? (check the video!)

28:35 - Paul’s visual aids for the echo boom and how it effects home ownership

32:25 - The graph that convinced Paul’s financial planner to invest in multi-family

36:30 - The tax benefits of commercial investing

38:20 - How are fractional owners working for Paul’s multi-family investing strategy?

42:00 - A quick summary of cost segregation and the acceleration of depreciation

45:25 - Paul breaks down forced depreciation

50:15 - What’s Paul’s favorite motivation quotes?

52:30 - Paul absolutely loves HelpSpot

53:33 - Paul’s morning routine

56:40 - Paul talks about his Type A Personality sleep patterns

58:40 - What is Paul most grateful for?

59:25 - Paul recommends finding a mentor to help you kick start your next big move

1:01:50 - What does Paul’s company – Wellings Capital – have to do with Toms Shoes?

1:03:20 - Paul’s passion stops him from retiring

1:11:00 - Check out Paul’s book The Perfect Investment

 

If you email Paul your receipt at paul@wellingscapital.com, he will match your amount with a donation to Exodus Cry Films



RESOURCES

Paul’s Podcast: How to Lose Money

Paul’s Website: Smith Mountain Homes

Paul’s Business: Wellings Capital

Paul’s Book: The Perfect Investment

 

George Muller

LoopNet

C.S. Lewis

HelpSpot

Perry Marshall

Toms Shoes

Exodus Cry



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!

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My guest today is not your traditional fix and flip guy. He’s not even a wholesaler. Scott Meyers applied his winning real estate investment strategy to self-storage! Which is amazing to think about because many of us have probably never even considered self-storage as an option. But for investing, self-storage is extremely lucrative. And in today’s episode Scott Meyers shares his strategies and how self-storage investment is practically recession proof.

Scott did get his start with wholesales, short sales, and rentals, but with the dot-com crash in the late 90s and the housing crashing in the mid-2000s, Scott wanted to try something different. He was sick of taking the risks on the banks and the tenants and knew there had to be a safe way to do what he loved in real estate while minimizing the risk to his investments. He listened to his wife and decided to invest in storage units. He’s developed and purchased over 5000 units, out in the middle of nowhere, all across the country, and now he’s looking to develop and convert existing facilities that are in the need of modernization. There are so many different options for real estate investment that you really can’t go wrong, especially when you put your mind and your heart into something that’s so important to you and your family.

MINUTE MARKERS

5:16 - How did Scott get involved in real estate and, really, self-storage investment?

7:45 - Who was one of Scott’s biggest influences in investment?

9:45 - Scott lost his 401K and that was his breaking point

10:40 - Scott proudly quit his part-time job

11:00 - But how did his wife take it?

12:46 - What moved Scott from real estate investing in homes into self-storage?

16:46 - Why does Scott love real estate investing?

18:00 - How is self-storage almost recession proof?

20:18 - Scott’s big profit master investing strategies for self-storage

22:05 - How much interest is on the land compared to the development of self-storage units?

25:00 - Does a mailer list of self-storage units exist out there?

27:13 - The big lessons that got Scott to where he’s at today

30:22 - If he had to start over again, Scott would listen to himself more

35:51 - Scott’s favorite motivational business quotes

36:30 - Scott gives you permission to go find some different friends

39:14 - Scott recommends his favorite book

40:05 - Guess Scott’s dog’s name!

41:19 - Scott’s favorite mobile apps

42:30 - Which app does Scott use every day in his business?

43:14 - Why does Scott wake up at 4:09 every morning?

45:40 - Does Scott get 8 hours of sleep?

46:22 - What is Scott most grateful for?

47:11 - When should we start getting a mentor or coach?

48:50 - Who said ‘hire great people and get out of the way’?

51:00 - A golden nugget of advice from Scott’s favorite mentor

54:05 - What drives Scott to succeed?

55:08 - What does Scott mean when he says “mission-minded business”?

58:38 - Get in touch with Scott at www.selfstorageinvesting.com

QUOTES

“Cash flow is the name of the game.” Scott

“At the end of the day, get a coach, get a mentor, and then listen to what they say.” Scott

RESOURCES

Scott’s Website: Self Storage Investing

The Candlestick Course by Steve Nison

Art of the Deal by Donald Trump

Rich Dad Poor Dad by Robert Kiyosaki

Think and Grow Rich by Napoleon Hill

Good to Great by Jim Collins

The E-Myth by Michael Gerber

Carleton Sheets

Jim Rohn

Richard Brannson

Uber

TVFoodMaps

Slack

Skype

Airmail

Infusionsoft

Sweet Process

Homes of Hope

 

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.

 

And don’t forget to get involved with the REIP coaching program at realestateinvestingprofits.com/coachingapplication or click on the “Coaching” tab on our website!




Direct download: Episode_47_Scott_Meyers_Self_Storage_Investing.mp3
Category:general -- posted at: 6:00am EDT

My guest today has an amazing real estate investment strategy. Wayne Sheaffer is killing it with wholesales in Indiana because he works wide instead of going deep. He’s picking out homes in rural areas and less crowded suburban towns because there is little to no competition. Once he establishes his real estate foundation, then he starts working deeper to build his buyer list. He talks today about how exactly he uses bandit signs to build that buyer list and the ways you can apply his new perspectives on your own investment strategy.
 

When Wayne got sick of working for Corporate America and sleeping in his office, he took a shot at real estate. His trick is to focus on the risk rather than the money and to work toward something bigger than yourself. Today’s interview is all about not only how to turn your investments into a well-oiled wholesale machine but the ways in which you can apply your core principles to your big business plan.

 

MINUTE MARKERS

3:33 - Here’s Mr. Wayne Sheaffer from Highland, Indiana!

3:57 - Are you an Indians fan or a Cubs fan?

4:45 - We’re both from the Collective Genius Mastermind Group

5:56 - Wayne breaks down his real estate investing expertise

6:40 -Why does Wayne love wholesaling so much?

7:15 - Wayne’s perspective on rent-to-own

8:00 - Wayne sold 100 houses in 100 days!

8:39 - How did Wayne get involved in real estate investing?

11:40 - Wayne’s big breaking point

14:00 - We share our experiences on what it’s like to be a number in Corporate America

15:56 - The biggest challenge Wayne’s faced in investing

20:07 - What’s Wayne’s favorite motivational quote?

20:48 - The trick to Wayne’s strategy is he’s still using hand-written bandit signs

23:42 - How is Wayne attracting buyers from other states?

25:30 - Does Wayne get any trouble for his bandit signs?

27:00 - Wayne breaks down his buying list

29:21 - The best lesson Wayne ever learned

31:56 - What would Wayne do differently if he could?

37:15 - Wayne’s favorite business quote is a bible verse

39:50 - What books changed Wayne’s life?

44:44 - Wayne’s favorite app is his own personal assistant

46:45 - What is Wayne most grateful for?

50:40 - Wayne knows how important a mentor can be

53:29 - What gets Wayne up in the morning?

55:50 - Connect with Wayne this March at his Belief Events with the Good Success Academy

 

RESOURCES

Carleton Sheets

Think and Grow Rich by Napoleon Hill

Richest Man in Babylon by George Clason

10X Rule by Grant Cardone

Traction by Gino Wickman

Four Disciplines of Execution by Chris McChesney

Good Success Academy

 

QUOTES

A house a day keeps the creditors away. - Wayne

 

If you want to become a millionaire, real estate is probably your best chance at it. - Wayne

 
 

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.

 

And don’t forget to get involved with the REIP coaching program at realestateinvestingprofits.com/coachingapplication or click on the “Coaching” tab on our website!

 
 
Direct download: Episode_46_Wayne_Sheaffer_100_closing_100_days_Good_Success_Indiana.mp3
Category:general -- posted at: 6:00am EDT

A lot of people go in for the kill in this business, but my guest today is all about focusing on the bigger picture. Cody Hofhine’s expertise may be in wholesaling and whole-tailing (something he breaks down in this episode), but he devotes most of his energy and his time to building sales relationships that pay off. His motto is “ERT”, which stands for “establishing relationships of trust”. He knows he can’t close a deal if there’s no trust between him and the client, so he and his team focus on being the best friend they can be before ever drawing up a contract.   This real estate investing strategy is paying off too! Cody just got started last May, and his business is booming in Utah. He talks about how he pulled in a profit of $27K on one of his toughest sales just through trust and perseverance. Maintaining open lines of communication and an open mind are key to his success, and he’s here to talk about how the process of selling is actually a process of loving – loving yourself, loving your clients, loving your team and loving this business. [Tweet "If you can mimic the rockstars, you can become a rockstar pretty quick. - Cody"] MINUTE MARKERS 3:40 - Here’s Mr. Cody Hofhine! 4:25 - What is Cody’s real estate focus in Utah? 4:55 - Cody breaks down his whole-tailing process 5:11 - What is Cody’s biggest influence in investing? 6:13 - What was Cody’s breaking point? 8:23 - Cody’s biggest challenge in real estate and how he powered through 12:46 - What is Cody’s investing strategy? 13:13 - Cody drops some knowledge on how to hire the best team possible 16:30 - What kind of success is Cody seeing in Utah? 20:30 - Stay-at-home moms and virtual assistants are the rockstars on Cody’s team 22:23 - What’s the greatest lesson Cody’s learned? 23:45 - Cody’s best advice for new real estate investors is to find a mentor! 26:45 - Cody’s favorite motivational quote 28:30 - “The Slight Edge” is the book that changed Cody’s life 30:00 - What app is Cody using every day? 34:34 - Why does Cody wake up at 5am every day? 35:58 - What is Cody most grateful for? 36:45 - How important has a mentor been to Cody’s success? 38:06 - What is the secret to Cody’s motivation? 42:44  onnect with Cody at Investor Grit [Tweet "Keep it simple, break it down simple, and keep it actionable. - Cody"] Links and Resources: Rhinoceros Success by Scott Alexander Best Vinyl Fencing The Compound Effect by Darren Hardy Tony Robbins The Slight Edge by Jeff Olson Cam Scanner App Investor Grit Full Transcript Download the PDF Transcription Cory: What is going on, people, people, people. This is Cory Boatright, I am your host of Real Estate Investing Profit Masters and the founder of Real Estate Investing Profits. I hope you’re having a phenomenal, fun, productive, amazing, incredible day. Every day that we’re above ground is a huge blessing. Can I get an Amen? I hear one? There is. Alright, thank you. We have an incredible guest. All our guest are incredible but this one today is going to talk about wholesaling and wholetailing. Wholesaling and wholetailing, have you heard of what wholetailing is? Well if you haven’t, make sure you stay tuned and listen to what Cody Hofhine is really doing out there in Utah. He’s going to blow you away. He’s got some great tips. His story is phenomenal. You just going to be a really riveted by some of the things he’s got going on right now. I’m excited to have you here, this interview. I’m also excited for you to download your Quick Start Guide, your Ultimate Real Estate Investing Down and Dirty Quick Start Guide by texting the word profit to 38470. That is texting the word profit to 38470. It automatically, magically, be sent over to you. Click on the link, download it, and you got it. Alright. I hope that you are going to stay tuned here and listen all the way through in this interview, it is great.
Direct download: Episode_45_Cody_Hofhine_Crushing_WholeTAILING_in_Utah.mp3
Category:general -- posted at: 5:00am EDT