Real Estate Investing Profit Masters by Cory Boatright

Hey, have you heard of Brock Collins? If you haven’t then you should check out his podcast Freedom Real Estate Investing. Brock operates just outside of Chicago and focuses on the why real estate is a great career choice. Today Brock shares his desire to keep his freedom while running his business and how he does that.

"If you are comfortable today, you're not taking enough action steps. You've got to get out until you're uncomfortable."

Brock grew up in a blue collar home, but he always wanted to see what the other side of the fence (white collar) was like. After making 24 grand a year while working 50 to 60 hours a week, Brock decided it was time to take his knowledge of real estate to the next level. He reached out to a mentor and began work on making deals. Brock learned traditional methods of property investment, but really made a breakthrough when he learned other methods of investment that better fit his personal goals.

Today’s Conversation Points:

  • Why buying with emotion will always cost more
  • E.D.C. -- Eliminate, Delegate, Create
  • Treat investing like a business
  • Lessons from influential books
  • Brock’s 3 Fs

"I want to really live life by design and so that’s how I do my business today."

Links and resources:

To connect with Brock Collins visit www.freedomrealestateinvesting.com. Also check out his podcast on Itunes.

To get more Profit Masters check out our website, http://realestateinvestingprofits.com. You can also download the “Down and Dirty” Ultimate Real Estate Investing Quick Start Guide there too..  

Join us on the Real Estate Investing Profits Facebook site for more!

 

 

 

 



Direct download: Episode_18_Brock_Collins_Real_Estate_Investing_Freedom_in_Chicago.mp3
Category:investing -- posted at: 6:00am EST

In the real estate business finding that highly-motivated seller is a critical to success.  My guest today is Chris Richter, co-founder of a company called Audantic which handles statistics and analytics for real estate and investors. Chris takes tons of data and breaks it down to give his clients the best results for finding those highly-motivated sellers and scaling their business.  Chris has been involved in wholesaling in the greater Seattle metro area and has developed an outstanding data mining business.  

"Marketing without analytics is like going golfing without knowing where the hole is."

Chris went to school for Astrophysics and was an engineer for almost five years. He tells us that he worked ridiculous hours and had friends in real estate that seemed happier than him.  After some missteps, he was on his way and he shares a ton of great insight on this episode.

"I think the industry is changing like every other industry and is leading more into data and modelling."

 

Today’s Topics Include:

  • Chris’s marketing through direct mail
  • Using analytics to your benefit
  • How the real estate market is moving more into data
  • Scaling through the use of analytics
  • Chris’s approach to locating motivated sellers

 

If you’d like to find out what’s going on in your area and how Chris can help you, send him an email at info@audantic.com

 

If you want something, go get it.  It’ll be hard. Don’t complain about it. Just go.

 

Links and resources:

Audantic

The Motivation Manifesto

The One Thing

Slack

Happy Tapper Gratitude 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.

Join us on the Real Estate Investing Profits Facebook site too!








 

 



Direct download: Episode_17_Chris_Richter_Statistical_Modeling_in_Seattle_Washington.mp3
Category:investing -- posted at: 6:00am EST

Our guest for today is Joe Lieber. He’s a Low Income Inner-City Housing Specialist and a Buy-and-Hold Real Estate Investor from Cleveland, Ohio. Like so many of our other guests, we met through The Collective Genius mastermind. We’re going to be exploring his venture for financial freedom, and how it has led him to being an extremely profitable realtor in the ghetto.

Joe’s main deal is that he wants to work for assets; not for money (like Donald Trump and Robert Kiyosaki, who also happen to be his role models, especially the latter.) He’s currently in the 150 house range, so obviously he’s doing something right! Today is about how he gets to do everything he wants, and make money while he’s at it.

“There’s only two ways to get someone to invest into a property: a large down payment, or blood, sweat and tears.” – Joe

Today’s Topics Include:

  • Why Joe is huge on passive income
  • His best real estate strategies
  • The quick and easy way to breaking into the real estate business
  • How coaches pay for themselves and why you should have already gotten one
  • Joe’s experience with lease-to-own rentals

“I could have taken the elevator, but instead I took the stairs.” – Joe

Links and Resources:

 

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

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

Join us on the Real Estate Investing Profits Facebook site too!

Direct download: Episode_16_Joe_Lieber_AKA_Ghettologist_in_Cleveland_Ohio.mp3
Category:investing -- posted at: 7:00am EST

Today we’re joined by Daren Blomquist, data expert and Vice President of RealtyTrac. He graduated from Trinity International University with a degree in English Communications, in the hopes of becoming a newspaper journalist. However, in 2001, he started with RealtyTrac thinking it would be a small, internal publication. But to his surprise, he ended up sticking with it ever since.

He’s directly responsible for the creation of the company’s U.S. foreclosure market and sales reports, and they’re sided by hundreds of media outlets nationwide, like: CBS, ABC, CNN, Fox Business, and USA Today. He’s been quoted in hundreds of national publications like: The New York Times, Bloomberg, Forbes and The Wall Street Journal. They also work closely with numerous government agencies at the national state and local level, and he’s a highly sought after speaker at industry events.

“Whenever I let go of control, I get more of it. It’s almost like holding on to a cactus: the tighter you hold on, the more it hurts you.”

Today is really all about data analysis, how and why RealtyTrac came to be, and some ups and downs Daren faced while the company was growing. We talk about the importance of handing off tasks as today’s Profit Master’s Investment Strategy, and the positive results that come from passing off responsibility and control. Daren tells us this is his best piece of advice to running a successful real estate data team.

We discuss a great strategy that we have observed in successful investors, which entails buying the foreclosure rights on houses before they can be repossessed, and are able to do this by using the information provided by RealtyTrac.

“People give up on something quicker than they should instead of giving it time to succeed.”

Lastly, we get a best-kept secret about the RealtyTrac website, and how you can use it to dominate the foreclosure market. You’re basically creating lists of people you want to market to, so this is just as useful for marketing as it is for investing and real estate. So go ahead, create a free account, and check out the millions of records we have on file, today!

Daren loves hearing from his audience. So, if you’re an investor, e-mail Daren at daren@realtytrac.com, and tell him your stories and what you’ve been seeing in your market.

“Even when I don’t feel like I’m making as much of a difference as I’d like to, just continuing to believe in it and continuing to do what I know—is what I should be doing.

Links and resources:

 

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.

Join us on the Real Estate Investing Profits Facebook site too!

Direct download: Episode_15_Daren_Blomquist_VP_of_RealtyTrac.mp3
Category:investing -- posted at: 6:00am EST

Last week we had Dave Payerchin, and this week we have his partner RJ Pepino. Together they run Columbus Turn Key Houses. They’re an extraordinary company that provides incredible returns on profits for doing your investing in Columbus. RJ has closed over 150 real estate transactions, he’s an expert in the Columbus market, he’s had formal training in deal structuring and creative financing, and he also has a B.A. in Marketing from Youngstown State University.  

“Don’t wait for opportunities. Create opportunities.” – RJ Pepino

RJ went from selling cellphones at AT&T to being the manager, to fixing and flipping houses; so he tells us all about his transition, and then tells us a bit about how he learned the problems associated with not having proper contracts, the hard way. He shares his advice for running a successful business, and describes the importance of hiring and delegating people to help you run yours successfully.

Today’s topics include:

  • How RJ helps run the company with Dave
  • Who he is and what his expertise is in real estate.
  • Four different ways of getting money as a landlord
  • What made him want to get involved in real estate
  • RJ’s breaking point to entering real estate

“You don’t want to make any handshake deals in real estate.” – RJ Pepino

Today’s REIP strategy: “When you’re talking to a seller, you have to ask good questions. For example, some of the questions we ask if they’ve called in for a property are: “Do you have any other properties for sale?” “Are you in the market to buy properties?” “If you’re not in the market for our price point, do you know anyone that is, and is wanting to sell?”

“Pressure will crush you if you fold, but you have two choices: you can either flex or fold. And personally, I like to flex.” - RJ Pepino

Thanks for listening, and be sure to pay attention so you can find out how to get your free real estate investing guide today.

Links and resources mentioned:

 

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.

Join us on the Real Estate Investing Profits Facebook site too!

Direct download: Episode_14_RJ_Pepino_Deal_Master_in_Columbus_Ohio.mp3
Category:investing -- posted at: 7:00am EST

Today we have another incredible guest: his name is Dave Payerchin. We met at the Collective Genius Mastermind, and he’s a part of Columbus turnkey houses. He and his partner RJ Pepino specialize in networking, raising capital, system automation and developing and maintaining those relationships.

More specifically, they deliver superior service for competitive pricing in Columbus for Ohio investors, and their team understands every aspect of turnkey process from acquisition to resell. So they’re equipped with knowledge and infrastructure to provide a seamless investment experience and a quality product whether it’s investing, lending, buying, selling, property management, or even the federally subsidized rental properties section 8 and they’re just an incredible team.

Dave’s company focuses primarily on single family homes, and sometimes up to two to four units. It’s a heavy cash flow market, and right now he’s doing great. He didn’t get to where he is without a fight, however, and that’s one of the things we discuss. Some of today’s other topics include:

  • How you can take control of your life with your attitude   
  • Why he’s developing the ownership mentality
  • Dave’s best Profit Masters investing strategy
  • The story behind how Dave and his partner have reached success as a team
  • Dave’s top reads and business app picks  
  • How real estate became less about the money, and more about self-development

We also dove headfirst into Dave’s past. He was a self-proclaimed glorified telemarketer, but explains to us the reasons why that job was actually a big learning stepping stone for him. He tells us that after making $180,000 in his first year in real estate, he was filing for bankruptcy and signing wallet houses shortly after. He mistook debt for revenue, and mistook debt in leverage, so listen up, because as we know, the smartest way to learn is from other people’s mistakes.

Our guest really emphasized the importance of staying positive and attracting what you want to achieve in life with your mind and your attitude. This is the breaking point for so many people, because there’s nothing stronger than your mind; what your brain says, goes. He explains how this and his spiritual development have been fundamental to his success.

“All of life is an internal battle.”

Another great piece of advice we were given today was to surround yourself with people that compliment your weaknesses, and build you up in your business. Personally, he talks about how his partner really helped him overcome his adversities; enough so that Dave quit smoking and drinking, and is now living a much healthier and happier lifestyle.

For more information about their business, you can visit the website in the links below, or e-mail them at info@columbusturnkeyhouses.com. If you’re interested in buying great cash flow properties in the Columbus area or have some money you want to start gaining interest on, don’t hesitate to shoot us a message.

Make sure to stay tuned for our next episode, where I’ll be interviewing Dave’s awesome business partner and best friend, RJ Pepino.

 

Links and resources:




Direct download: Episode_13_Dave_Payerchin_Turnkey_Master__in_Columbus_Ohio.mp3
Category:investing -- posted at: 6:00am EST

I have an absolutely incredible investor today named Mitch Steven, out of Canyon Lake, TX.  He’s someone I met at the Collective Genius Mastermind. He’s a total rock star, and has been self-employed since 1996, having purchased over 1000 houses in the San Antonio area. He’s also a self-taught high school graduate, and he never stopped learning.

He specializes in owner finance properties to individuals left behind by traditional lending institutions and gives new life to properties that scar the neighborhoods, so he’s perfected the method of achieving cash flow without being a landlord or rehabbing properties.

He’s also mastered the art of private money, and the classic nothing down deal. This is someone with over 1100 doors in storage facilities breaks down his strategy, and you’re going to love it.

Today we dive into:

  • Why he started a career in real estate
  • The one strategy that made him a multi-millionaire
  • What he was doing before real estate and how it affected his current success
  • His worst deal and how he handled it like a pro
  • His Profit Masters Investing strategies and why they’re fool-proof
  • How he got good at saying “This isn’t what I do”
  • Why you should learn to delegate

Mitch is knocking if out of the park, currently dealing with a lot of owner-finance issues. We go through and talk about what he specifically focuses on in real estate. He does everything, but we talk about his main gigs and why he chose real estate as his main endeavor.

Finally we discuss establishing owner-finance value, creating your own value and owner finance strategy. We broke it down into how to get your owner-finance price, FAK funds and the importance of not over leveraging.

Make sure to listen closely and see how you can get your free investor guide. Thanks for listening, and check in soon for another awesome episode.

 

Links and resources:

Direct download: Episode_12_Mitch_Stephen_Cash_Flow_Owner_Finance_Genius_in_Texas.mp3
Category:investing -- posted at: 6:00am EST

I’ve got someone really special today, and her name is Lindsey Jean. She’s president of “High Heels and Hard Hats” and she’s also a part of Cash Cow Know How.

Lindsey really knows her stuff, and I think you’re going to be blown away by how she talks about the mindset shifts she’s had to go through in life and how she’s taken all those negative things and become a rock star, and one of our profit stars!

Before being in real estate, Lindsey was one of the best horse trainers in the country. Between working for a Forbes list billionaire and all of his wealthy clients, she definitely learned a thing or two from them along the way.

Actually, they’re the reason Lindsey began in real estate, which we’ll talk about during the show. She started out 12 years ago as a broker and later moved on to being an agent. She’s now involved in wholesale and fix-and-flips. Some of the topics we covered were:

  • Why she became a real estate agent
  • Who her biggest influences in life were and why
  • Lindsey’s top profit master investing strategy
  • Why mentors are a must
  • How to run a successful real estate business

We’ve talked about limiting beliefs on the show before, and we skimmed it again today when Lindsey talked to us about the piece of advice that’s gotten her to where she is today.

We also dive into some more personal aspects of Lindsey’s day-to-day life, like her favorite book, business app and quote, and what her morning routine looks like.

Lindsey also told us a couple of pretty cool stories in today’s episode, so stay tuned and let us know what you think!

If you want to get in touch with Lindsey, you can send her an email at support@cashcowknowhow.com.

We really hope you enjoy today’s episode, and if you do, please be sure to tell us by giving us an  iTunes review.

Links and resources:


Today we have an amazing guest, his name is Josh Stech. Currently running a company in San Francisco called Lending Home, as VP of Business Development, Josh graduated from Stanford, and transitioned from fixing and flipping to having over 170 employees under his wing.

We’ll be talking about quite a few different things, including the whole story of how Josh got started with Lending Home, how he did it, and his best tips for reaching success and staying there. Here are some of the things we went over:

  • Josh’s area of expertise in real estate and what his main focus is
  • How Josh got involved with real estate
  • Who influenced Josh the most and how it changed his business strategy
  • Josh’s newfound profit strategy
  • How to dive into being a broker with Lending Home
  • Cory’s hilarious encounter with Mickey Mantle

Josh really gets into all the ups and downs that he had while trying to build up his company and reputation, and also gives a lot of great advice for beginners or really, anyone wanting to up their game as an investor and real estate person. This included tips on:

  • Why having a mentor is important and what to expect
  • How you can stayed motivated during tough times
  • What books to read and what apps to use for the most productivity
  • How to focus on your goals and stay on track
  • How to have a good business practice

 

Between funny stories, great advice and opinions, and the best real estate tips around, you can be sure to have a great listen with this one. Be sure to check us out on social media and don’t forget to check back soon for another awesome episode.


Today on Real Estate Investing Profits, Profit Masters Podcast, my guest is Mike Hambright of Flipnerd, an online site which allows real estate investors, vendors and clubs to list and view properties and provides access to many buyers.  Mike is also involved with HomeVestors, a  60-member strong franchise site  where he also serves as a mentor to other franchisees.  Mike really likes to rehab properties because he loves to see the transformation and also believes rehabbing offers the greatest financial success.  

 

Mike explains he was involved initially in the corporate world and later joined  a startup that he eventually became an affiliate with.  He reached the point where he was faced with going back into  has the corporate world doing something on his own.  He decided he would rather control his own destiny and began investing in real estate around the Dallas area.  He became a HomeVestors franchisee and worked very hard as he recognized that failure was not an option.  

 

Mike’s Profit Master Investing Strategy:

If you are wholesaling, it is especially important to have access to many buyers.  If you rely on the same people over and over they may come to expect a customer discount or may eventually become disinterested.  Mike says at Flipnerd, they have built the largest off-market listing platform for wholesale dealers.  At the ten thousand member mark, Flipnerd supplies that large number of potential buyers.

 

In offering advice for running a successful business, Mike believes you need to treat it like a business, get systems in place, contacts developed and a network going.  If Mike had to start all over again, he would likely collaborate more early on and not be so worried about thinking of everybody as the competition.  He also believes you need to learn what you are and are not good at and hire somebody to help in the areas where you may not be as good or don’t have a great interest.  




Favorite Quote:

It’s hard to beat a person who never gives up - Babe Ruth

 

Favorite Book:

Think and Grow Rich - Napolean Hill

 

Favorite App

Asana - project management tool

 

In discussing why he does what the things he does, Mike explains that over time the reasons have changed.  Initially it was to support his family.  Now the reason is to make a difference.  Mike says he knows what real estate investing can do to give people true financial freedom.  Mike says he wants to build something that can make a positive influence on others.  

 

Mike invites you to join Flipnerd for free and he hopes you’ll also stop by the Flipnerd Facebook page.  The gates have just opened and you can register for the REI Power Summit .  Over 50 speaks will be part of the online summit which will allow participants to watch live to interact with speakers and other attendees, or view it over the next 12 months.

 

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

Join us on the Real Estate Investing Profits Facebook site too!

 

Direct download: Episode_9__Mike_Hambright_Homevestor_Flipnerd_in_Texas.mp3.mp3
Category:investing -- posted at: 6:00am EST