Real Estate Investing Profit Masters by Cory Boatright
My guest today is about to drop some juicy nuggets of knowledge, and a little bit of motivation. Andy McFarland comes from my Collective Genius mastermind group, and this guy is dominating real estate investment. Although he’s based out of Utah, he’s crushing it in the markets of three different states. That’s right, three! How can one person balance all of that and still take time to be with their family and nurture their own personal growth? [youtube]https://youtu.be/6YYhsoGbJYw[/youtube] Andy breaks down his inspiration and his motivation in today’s episode, and he shares a few pointers that can help you balance your business with your life. What we both focus on is our personal growth, and when you channel that kind of energy into your real estate investment strategies, you will really start to notice success grow across all parts of your life. From marketing, to investment, to family and friends, Andy’s got a handle on it all. [Tweet "Slow and steady, don’t take money from this thinking that real estate’s always going to go up "] MINUTE MARKERS: 3:30 - Andy breaks down his area of expertise in real estate investment 4:04 - How Andy got involved in real estate 4:45 - You’d never guess where Andy got his entrepreneurial start 6:00 - Andy’s “enough is enough” moment 8:02 - What inspired Andy to pursue real estate professionally? 9:49 - The biggest mistake Andy made in real estate (and what you can learn from it) 11:45 - Andy’s best investment strategies (and it’s something you’ve never heard before!) 12:30 - How to nail Single Task Marketing 13:28 - What marketing niche works best across different states? 14:40 - How Andy sets up his business across three different states 18:14 - Recruiting the best team to build your business 19:25 - Andy’s advice for running a successful real estate business 20:55 - What would Andy tell his 22 year old self? 22:16 - The top 2 motivational quotes that drive Andy toward success 23:47 - Andy reads A LOT and gives his book recommendations 26:25 - Why The 7 Habits of Highly Successful People is so important to this business 29:22 - Andy’s top 3 favorite apps 30:47 - Setting a price for business based on your terms (with book AND app recommendations) 32:19 - Andy’s morning routine 34:19 - Life lessons from Andy’s experience with family and business 36:19 - What is Andy most grateful for? 36:53 - Don’t hire a coach until you want to be successful 38:43 - Andy breaks down what drives him to pursue this business 40:03 - Andy and his brother have a pet project: www.iloverealestatestories.com [Tweet "I kind of view my real estate business as more of like the Henry Ford assembly line process "] Links and Resources: Get in touch with Andy over at his website. He loves feedback, questions, and comments, and don’t forget to follow the channel on YouTube. Rich Dad Poor Dad both changed our perspectives on business. Dropbox app Voxer app 10bii financial calculator app at iTunes and Google Play And before you use that calculator, Andy recommends checking out the book Invest in Debt to help you calculate your finances correctly and efficiently. Full Transcript Download the PDF Transcription Cory: What is going on, people? This is Cory Boatright. I'm the founder of realestateinvestingprofits.com and your host here on Profit Master Podcast Series. We have an incredible real estate investor, name is Andy McFarland. He’s down in Utah and he is just dominating and crunching it right now. What’s he doing? He’s going into different markets, different states, and being successful at flipping properties, and actually dominating those particular areas. You're going to want to pay attention on how he’s doing that. Also, I think that was pretty interesting on how he does his memorization technique in the morning, make sure you pay attention to that as well. It’s a very jam-packed interview that you're going to absolutely get a to...
Direct download: Episode_27_Andy_McFarland_Utah_Multi_Market_REI_Master.mp3
Category:investing -- posted at: 6:00am EDT

Get your tablet ready – or pen and paper if you’re old school – because you’re going to want to take some notes from this interview. If you’ve never heard of Colm McCormack, he’s quickly going to become one of your favorite real estate masterminds after this episode. I take a crack at his business model and he breaks down the metrics of his investment team to show you exactly how many appointments it takes to book a contract. [youtube]https://youtu.be/e19Olti5Ylg[/youtube] Colm comes out of Colorado Springs, and he’s part of my mastermind group, The Collective Genius. He used to be a pastor, and he’s taken a shot at a lot of different business ventures before he decided to settle down with real estate investment. It works out really well for us that he chose real estate because his due diligence and his insight into new strategies is going to give you a lot to think about when it comes to designing your business goals for 2016. He’s already sold 6 houses this January! So if you want your year to start looking like his, tune in to hear Colm explain some of his numbers (both good and bad) so you can learn what it takes to succeed in 2016’s competitive real estate market. [Tweet "If it’s a fast deal and you don’t know what you’re doing, slow down."] TOPICS: 3:52 –  Colm breaks down his real estate expertise 6:55 –  The “breaking point” that tipped Colm into real estate 8:00 –  How much did Colm make on his first close? 8:26 –  Colm’s biggest influence in the business 10:20 – The mistake that cost Colm $60K 12:48 – Keeping greed out of your business plan 15:22 – Colm’s Profit Master strategies and what’s working the best 18:15 – How did Colm get 8 contracts out of 10 appointments? 19:20 – Colm closed all 8 of those contracts too! 19:33 – How to get a quality list the way Colm does 23:01 – Colm breaks down his current contracts, appointments, and costs per lead 24:24 – Colm’s best advice for starting a new business (and why it’s important to test new strategies) 25:40 – What would Colm change about his current business model? 26:20 – Colm’s favorite business quote 28:08 – The book that changed Colm’s life 28:50 – Why Colm’s obsessed with measuring his results 31:40 – Colm’s morning routine for success (he wakes up early!) 35:40 – When should you hire a mentor? 37:25 – Colm claims that inspiration is the best motivator 38:40 – Colm’s goals for 2016 and how you can help [Tweet "If you're in the top 10% of your field, you’ll survive because your field will always survive."] Links and Resources: If you’re in the Pueblo or Colorado Springs area, or just want to hit Colm up for some solid advice, shoot him an email at info@candshomes.com And don’t forget to check out our mastermind group at www.thecollectivegenius.com Visit www.yellowletters.com for some of the great marketing tools Colm has been using to promote his properties. Traction: Get a Grip on Your Business by Gino Whitman is the book Colm references in today’s interview.   Full Transcript Download the PDF Transcription Cory: What is going on, party investors. This is Cory Boatright. I am founder of Real Estate Investing Profits and your host on Profit Mastery Product Cast series. I hope you're having a phenomenal, fun, fulfilled, and incredible day. I'm bringing to you another interview with a guy that you’ve probably never heard of. I’d be shocked if you’ve ever heard of Colm McCormack. He’s one of our Mastermind members in the Collective Genius. Make sure you check out the show notes in the link for that. Colm is somebody that is actually a former pastor of a church, he’s got his Masters in Divinity, he went and has been up and down for successful ventures, and he kind of settled with real estate investing. What we do in this interview is really unlike any other one today. We broke down all the metrics of his business, I'm talking about how many leads came in, the equal appointment,
Direct download: Episode_26_Colm_McCormack_Metric_Machine_in_Colorado.mp3
Category:investing -- posted at: 6:00am EDT

Joe Fairless is anything but an average joe. You’re going to learn so much from him on today’s episode. His insight into real estate and commercial property investment may actually change the way you play the game, and he brings his own profit master investing strategies to the table so you can start taking advantage of his unique insight.

What makes Joe one of my favorite people is not just that he moonlights as a stand-up comedian but that he focuses on staying motivated and remaining fulfilled in his career and his life choices. He controls nearly 21 million dollars in real estate properties, but he’s smart enough to know that monetary goals are not the only fulfilling achievements you can accomplish. He’s innovative, clever, funny, and one of the chillest people I’ve met in the business, and his positive outlook on life and investing is really going to change the way you approach your real estate investment goals.

TOPICS DISCUSSED

4:20 What it’s like to manage over $20 million in real estate properties

4:59 Joe’s expertise in apartment and commercial property management

5:28 How Joe got his hands dirty in real estate

8:57 Joe stays fulfilled with his “sample life experiences” (and guess which huge comedian opened for Joe’s comedy show!)

12:10 How working with advertising influenced Joe’s real estate career

12:58 Joe’s mentor and how he helped shape him as an entrepreneur

13:43 Joe’s 4 major mentors in real estate and what he learned from them

18:34 Joe’s unique profit master investing strategies

22:44 How podcasts and social media boost my, Joe’s, and your real estate deals

24:09 Joe gives his own advice for running your own real estate business (hint: hire the right team!)

26:15 Joe’s tips for those ready to get started in the real estate business

31:17 Joe’s not a techy but he still has a favorite app

36:30 The biggest life lesson Joe learned in this business

38:33 Joe’s power mantras and incantations that keep his successful perspective

39:34 When to hire a mentor, according to Joe

41:10 How you can get in touch with Joe

Tune in to Joe’s podcast The Best Real Estate Investing Advice Ever and leave him a rave review!

If you want to get in touch with Joe with questions, advice, or just want to let him know you heard him on my show, shoot him an email at info@joefairless.com

QUOTES/Tweets;

Joe: “I was searching and seeking out different experiences that would be fulfilling because I wasn’t fulfilled in my full-time job.”

Joe: “It’s about experiencing the emotions of where you want to go and you’ll start taking more action towards getting there.”

RESOURCES:

 

www.mry.com

‘Unlimited Power: The New Science of Personal Achievement

Quotiful

Periscope



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.

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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_25_Joe_Fairless_Buying_Apartments.mp3
Category:investing -- posted at: 6:00am EDT

I’ve got another great interview lined up today. Gabriel Garcia, a prodigious guy from my mastermind group, knows the secret to success. We all know hard work pays off – duh – but what about working hard to maintain a positive attitude? Have you ever considered how much your own happiness influences your success? We may have started our own businesses so we could take charge of our lives, but Gabriel’s motivation may influence the way you look at your career and your success for the better.

From a technique standpoint, Gabriel breaks down his marketing skills – sharing a few mistakes he’s learned from on the way (and I ask him why he still doesn’t use apps in his business). But Gabriel also talks about how he revamped his goals to better match his business-oriented lifestyle that now includes faith and family. He’s a musical genius, but he swapped a creative career for real estate for the positive changes it made for himself and his family. His creative outlook brought an excellent spin to his business plan, and he can really help you transform the way you see your next venture.

Topics:

4:34 Gabriel’s expertise with Wholesale/Fix-and-Flip combos and trends

12:50 Gabriel’s transition from a musical career to real estate extraordinaire

19:28 I ask Gabriel to walk me through the marketing mistakes he learned the most from

22:00 DMM, SEO, and more successful marketing plans Gabriel has perfected

33:06 Gabriel Garcia’s favorite motivational business quotes

34:16 What we love about The 4 Disciplines of Execution

37:33 I tell Gabriel the perks of using my favorite mobile apps

39:35 Why are morning rituals so important to success?

40:12 Gabriel breaks down his current routine

44:00 Uncovering the best time to get a mentor

49:32 What “mastery” means to Gabriel and his business

50:03 How to get in touch with Gabriel

52:20 What’s really fulfilling about this business

Quotes/Tweets

“My expertise is in building a real estate business with a solid team that we can just count on to get stuff done.” Gabriel

“The biggest mistake for me was not building a marketing foundation from the beginning.” Gabriel

Links and Resources:

Gratitude App

The 4 Disciplines of Execution: Achieving Your Wildly Important Goals

Contact Sarah at Sarah@floridacashhomebuyers.com to get in touch with Gabriel.

 

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_24_Gabriel_Garcia_in_Miami_Dade.mp3
Category:investing -- posted at: 6:00am EDT

Are you looking for a lending opportunity but don’t know where to start? I’ve invited Mike Zlotnik on today to be the next guest in my Real Estate Investing Profit Masterpiece series. Mike is a private lender who has done over $1 million dollars of business with me personally. In fact, he’s from my mastermind group, so I have just as much to learn from him as you do. Since he’s been in the business of lending for over six years, he knows the key differences between a good deal and a bad deal, and he’s here to talk about what you can do to insure that your next real estate venture is a good deal.

“Our goal is not to fund the deal. Our goal is to make the investor successful.”

Mike’s experience with residential properties is focused on the investor, which is YOU! And he’s on air today prepared to break down the equations and percentages that create the perfect lending deal for your next property investment. Mike’s insight into fix-and-flip projects, commercial and rental real estate, and his experience with real estate moguls across the globe will definitely prepare you for your next encounter with a private lender.

Topics:

  • Inside info on how you can get your deal funded
  • Knowing the difference between a good deal and a bad deal
  • Mike’s own examples of good deals vs. bad deals
  • What to do before you submit your application for funding
  • A few ways you can improve your odds of getting the deal you want
  • Knowing what to expect from the appraisal of your property.
  • Mike’s personal definition of a “long-term hold”

“When you’re doing a deal, you need understand all the potential outcomes – the good, the bad, and the ugly.”

Links and Resources:

Listen to our earlier interview with Mike from episode 4 at www.realestateinvestingprofits.com or on iTunes

And don’t forget to start your lending application at www.realestateservant.com/getmoneynow. Mike and his people will take a look at your project and help you get the money you need to get started.

 

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_23_Mike_Zlotnik_Deal__Or_No_Deal.mp3
Category:investing -- posted at: 6:00am EDT

On today’s show I talk with Erik Stark. I think this is one of my favorite interviews because Erik talks about so many things I can relate to. Erik is a full-time American entrepreneur who has chiseled an exceptional life through real estate investing.

He has bought and sold over 400 properties and raised millions of dollars in private money. He has also shared the stage with some of the biggest names in personal development and real estate. He has worked with people like Preston Ely, Sean Stevenson, and Kenny Rushing.

A person whose bible is torn apart usually lives a life that is not.  - Erik

Erik’s passion comes alive with his family. He has been married to his wife who he calls his love goddess for 12 years. His focus is on improving his marriage through biblical based principles. He surrounds himself with people who are supportive of god, and he runs a ministry. At 33, he has had incredible success. Erik’s main business focus is in wholesale properties and lead generation. There is a lot to learn in today’s show.

Topics:

  • Why focusing on lead generation allows him to find the best deals and choose whether to keep or sale
  • Having a knack for sales, real estate was the natural progression of Erik’s journey
  • His core influences were his family and his business partner
  • His aha moment came when he was in the hospital when his son was born
  • Biggest mistake was not holding on to more properties, instead of flipping them
  • Marketing is his Profit Masters Investment Strategy, real estate is the opportunity
  • Driving a lead with “in the streets” networking and advertising strategy even Chamber of Commerce or Rotary Club
  • Advice for running a successful business is stay focused and follow strategy
  • Find a mentor who has beliefs that match yours and let them guide you down the path

“Don’t bounce from opportunity to opportunity... focus on the goal go after it hard and don’t walk away from it” Erik

Links and Resources:

Lumosity

Elevate

Headspace

Pzizz

Bible App

Gratitude

You can get in touch with Erik through his website http://therealerikstark.com/ or through social media @theerikstark.




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_22_Erik_Stark_Wise_Real_Estate_Holder_in_Michigan_and_FL.mp3
Category:investing -- posted at: 6:00am EDT

Today I’ve brought the Lease Option Ninjas on the show to give a little insight into what it’s like to flip contracts, not houses.  Jay and Annie Adkins are working the real estate scene from their small town right outside of Columbus, Ohio. They got their first taste of real estate when they started leasing their family home.

“Commit with a renewed conviction to do your best work, be the best person you can and serve others by helping better their lives.”

They’ve been in the game together a long time, and they’ve had their fair share of experiences – some good, some bad, but always worth learning from. They talk about their biggest inspirations and their biggest mistakes, and there’s so many little lessons in today’s interview that you can’t miss it.

TOPICS:

  • How Jay and Annie are crushing it in real estate today
  • What inspired their start in the real estate business
  • The biggest struggles Jay and Annie have faced in the business and in life
  • Learn from a few of Jay and Annie’s mistakes so you can avoid them
  • Finding new perspectives and new ways to pursue your market
  • The different tools Jay, Annie, and I use to stay organized

“We feel blessed that we have the opportunity to help [others] accomplish their goals and dreams.”

Links and Resources:

‘Vision Focused Life – Living with Extreme Purpose’ is their new book and it’s out in January 2016! Get a sneak peek online at www.visionfocusedlife.com and on Facebook at https://www.facebook.com/visionfocusedlifebook/

You can get in contact with both Jay and Annie through email jay@visionfocusedlife.com annie@visionfocusedlife.com

And look for Jay on Facebook at www.facebook.com/jay.adkins

 

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_21_Jay_and_Annie_Adkins_Lease_Option_Ninjas_in_OH.mp3
Category:investing -- posted at: 6:00am EDT