Get Rich Education
Get Rich Education
Dec 17, 2018
219: Tragedy Has Struck, Listener Questions, Scarce Skip Is Born
Play episode · 41 min

#219: Earthquakes ravaged my property. I’m 100% uninsured.

Why don’t I have earthquake insurance?

There’s a big lesson in this for you no matter where you live… and it’s not what you think.

You take great risk if you don’t invest in multiple real estate markets.

First, I answer your listener questions:

“Should my first property be an owner-occupied four-plex or a turnkey SFH?”

“If you could start over again in real estate, what would you do differently?”

A character named “Scarce Skip” is born.

Early next year, Jim Rogers, Robert Kiyosaki, and Garrett Gunderson are scheduled to be on the show.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Listen to this week’s show and learn:

02:37 Should my first property be an owner-occupied four-plex or turnkey SFH?

12:50 If you could start over in real estate, what would you do differently?

16:14 Telling me I “got lucky” by starting with a four-plex.

19:48 “Scarce Skip” is born.

21:38 Earthquakes ravaged my psyche and property.

35:09 Five key lessons.

36:16 Seismic engineering and construction.

Resources mentioned:

2018 Anchorage Earthquake

1964 Great Alaska Earthquake

Mortgage Loans: RidgeLendingGroup.com

Cash Flow Banking: ProducersWealth.com

Turnkey RE: NoradaRealEstate.com

QRP: TotalControlFinancial.com

Find Properties: GREturnkey.com

GRE Book: GetRichEducation.com/Book

 

Real Estate Investing for Cash Flow with Kevin Bupp
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
#294: How to Leverage Commercial Real Estate Investments to Get You Out of Your Dreaded W2 Job – with Brian Hamrick
This week’s episode of the Real Estate Investing for Cashflow Podcast features Brian Hamrick. Brian Hamrick is the owner of Hamrick Investment Group, which controls over $32 Million in assets, including Multifamily and apartments, Self-Storage, Office, and performing and Non-Performing Notes. Brian currently asset manages 370 apartment units in Grand Rapids Michigan and successfully transitioned from his W-2 job to full-time real estate investing in 2014. In addition to his real estate endeavors, Brian also hosts a popular real estate investing podcast which can be found on iTunes and all other listening platforms. Quotes: “So, I had all this money that was sitting in a bank account and I realized; I don’t know what to do with this. I didn’t even know what a Mutual Fund was at the time and I was 30 years old. So, I just starting learning and investigating.” “So, automating it really just made things so much easier, streamlined everything, and now we don’t need to have anyone on site except maybe a couple times a week to make sure it’s clean and sweep out empty units.” Highlights: :40- Brain's background 9:28- Brian tells us what his favorite market is 15:27- Brian talks about if his new model is scalable and replicable 22:11- Brain gives his opinion on foreclosures and non-performing notes skyrocketing as a result of the pandemic 26:15- Brian tells us what asset classes he thinks will thrive in the pandemic 30:53- Brian tells us about a bad deal he had and how he got through it Guest Website: www.higinvestor.com Learn About Investment and Partnership Opportunities with Kevin and His Team
45 min
Wholesaling Inc
Wholesaling Inc
WI Publishing
WIP 545: Cold Call Case Study - Listen in as Brent Daniels Lands a $32k Deal LIVE
If you’re wondering how brilliant people like TTP’s Brent Daniels is crushing the wholesaling game, you’ll be in for a treat. In today’s awesome episode, you can listen in as Brent masterfully displayed why he’s the TTP guru! Brent Daniels is hands down one of the most successful wholesalers nowadays. He has also helped thousands of people through his cold calling mastery training, YouTube channel, and podcasts. In this special episode, you’ll get an exclusive look into how he talks to wholesalers and why he’s considered one of the masters of the wholesaling game. If you need a masterclass on active listening and building rapport, this episode is for you! If you’re wondering how brilliant people like TTP’s Brent Daniels is crushing the wholesaling game, you’ll be in for a treat. In today’s awesome episode, you can listen in as Brent masterfully displayed why he’s the TTP guru! Brent Daniels is hands down one of the most successful wholesalers nowadays. He has also helped thousands of people through his cold calling mastery training, YouTube channel, and podcasts. In this special episode, you’ll get an exclusive look into how he talks to wholesalers and why he’s considered one of the masters of the wholesaling game. If you need a masterclass on active listening and building rapport, this episode is for you! RESOURCES: * All The Leads * TTP Cold Calling Training
25 min
Master Passive Income Real Estate Investing in Rental Property
Master Passive Income Real Estate Investing in Rental Property
Dustin Heiner
Become a Millionaire Starting With $0 Investing In Real Estate
These are the exact steps I took to become a millionaire by the time I was 34 years old. It took hard work and determination and if you apply yourself to these steps, you can become a millionaire too. Get the Free Real Estate Investing Course: https://www.masterpassiveincome.com/freecoursep Join the Real Estate Wealth Builders Investor Membership https://www.masterpassiveincome.com/buildersp // WHAT TO WATCH NEXT How to Become Successfully Unemployed: https://youtu.be/wx5Ke9KVs58 Get Money For Investing in Real Estate: https://youtu.be/u4IY5UMDkrI How to Start Investing In Real Estate: https://youtu.be/fJVOeSgXZRQ How to Analyze a Real Estate Investing Deal in 5 Seconds: https://youtu.be/SqA1HcAW4EI How to Set Up Your LLC for Your Business: https://youtu.be/B9RzLkAZI9s How to Use Owner Financing to Make Loads of Money: https://youtu.be/qAOpCOWvj6Q //BEST REAL ESTATE INVESTING RESOURCE LINKS Free Property Find Deals On Properties: https://masterpassiveincome.com/propertysearch Get Business Funding https://masterpassiveincome.com/fundandgrow Great High Interest Savings Account: https://masterpassiveincome.com/cit Accurate Rental Rates: https://masterpassiveincome.com/rentometer Self Directed IRA for Real Estate Investing: https://masterpassiveincome.com/rocketdollar Learn more about Dustin and find resources to build an automatic real estate investing business: https://masterpassiveincome.com Join our free private Facebook group! https://masterpassiveincome.com/group #realestateinvesting NOTE: This description may contains affiliate links to products we enjoy using ourselves. Should you choose to use these links, this channel may earn affiliate commissions at no additional cost to you. We appreciate your support!
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BiggerPockets Podcast : Real Estate Investing and Wealth Building to Help You Get Bigger Pockets
BiggerPockets Podcast : Real Estate Investing and Wealth Building to Help You Get Bigger Pockets
BiggerPockets.com : Joshua Dorkin and Brandon Turner
BiggerPockets Podcast 411: The Life-Changing Power of a Goal-Setting Retreat (+ Live Demo with Husband/Wife Investors Matt & Melissa) with Geoff Woods
Have you ever bought a whiteboard or a journal and thought, this is it... This is the moment when I REALLY commit to goal-setting... and then (as it tends to do) life just kind of gets in the way? This episode is about rethinking your approach to goals – and to do this, we've brought in an expert on managing your time and mental energy like a billionaire: Geoff Woods, VP of The One Thing and facilitator of their upcoming virtual goal-setting retreat Today, Geoff shares the blueprint that high-performing couples, teams, and individuals use 1) cast a shared vision of the future 2) work backwards to map out important steps, and 3) regularly recalibrate and track progress. Plus, we put this to the test, live! About halfway through the episode, you'll meet Matt and Melissa Miller – married parents of 3 who own 7 units but are struggling to define their exact vision... and the action plan required to realize it. Geoff leads them through a goal-setting exercise live, and the result is inspiring and surprisingly emotional. #MarriageGoals - literally! Whether you're looking to get on the same page as a spouse, business partner, or just chart out a clearer path for yourself... you'll get a ton of value out of this episode. Let us know what you think of it, and here's the link if you're interested in joining Geoff (and Brandon and Heather Turner!) at the retreat next month.
The Remote Real Estate Investor
The Remote Real Estate Investor
Roofstock
Our Top Tips for Finding & Vetting A Good Lawyer
In this episode, we wrap up our series of finding an vetting solid vendors with the lawyer. Join Emil, Tom and Michael to learn their strategy of finding a good lawyer. --- Transcript Emil: Hey everyone, welcome back for another episode of The Remote Real Estate Investor. My name is Emil Shour, and I'm joined by, Tom: Tom Schneider, Michael: and Michael Albaum. Emil: And today we are going to be continuing our series on tips for finding and vetting different members of your real estate investing team. Today we will be covering the lawyer. Let's hop into it. Michael: Tom, what is in your hand? Tom: What?! What are you talking about? Michael: Looks like you have a tail. Emil: What is going on? Michael: Is that a crop for like a horse? Tom: It's this thing called an Orange Whip. It's it's actually pretty fun. Emil: I hope you don't use it on your child. Tom: No, no, no, it's a golf tool that I just kind of hold at my desk, and it has tons of wiggle waggle. Michael: Mm hmm. Tom: So when you swing, I'm kind of a gimmick guy like a golf gimmick guy so like is that they buy something you know, like a straight jacket that helps you whatever your swing, I'll buy it. I got this thing recently called. And I'm very pro Orange Whip it. So when you swing back, this orange ball that's has like a ton of wiggle waggle. It makes really good tempo and improves your swing. So you're not coming over the top, you got a nice inside out swing. I'm funny with golf. I don't play like that often. But when I do, like, I just like, you know, go all out. And so like 10 months of the year, don't really play it. But then two months, like, oh, man, I need this gimmick. I think I figured out and yes, Michael: I was gonna say I've known you for a couple years and not once have I ever heard you mentioned golf. Tom: I mean, we must have not talked during that little month sequence that I was really into it. But as a shout out there, Orange Whip. This isn't a paid promotion. But I think if you're in a golf and you want to have good tempo, and strengthen, get an Orange Whip, I'm pro Orange Whip. So that's what's behind me. Emil: You're gonna love this. So my brother in law started this little it's another gimmick. It's called putt cup. Tom: I’m in, Ooh. Emil: So a mug that has a flat brim so you can lay it on the ground and just practice your putts. You know if you'll put mugs on the ground, but it has this flat side to it. So you get a nice roll in there. Tom: That's beautiful. At first I was thinking oh, there's a hole in the cup. So when you putt it goes in, but that doesn’t make sense. Michael: Wouldn't be a cup anymore would it? It’d be more of a funnel. Tom: Where does he sell it on? Emil: Amazon. You just go look up putt cup. Tom: I'm in. Emil: Another gimmick for you. Michael: Also not a paid promotion. Tom: Yeah, another amazon.com! Emil: Have you heard of it? Tom: Have you heard of it? Michael: It's a little book company. Emil: Small boutique retailer. Tom: Related to Amazon is this thing called fake spot. So an Amazon companies could like spam a bunch of high ratings when they have their product. But there's this thing called fake spot that you I think I posted on that Academy Slack channel that will analyze if the ratings are fake, and it gives a true ratings by looking at and getting rid of the bots. It gives you an honest take. So Orange Whip, fakespot, and Amazon. Those are my three recommendations for today. Emil: Okay, guys, well, we could be talking about golf and Amazon all day. But people are here for our real estate knowledge, or lack thereof. So let's talk about how you find and vet, a lawyer. We’ll break it down into three parts. So when in the process of your real estate investing journey or buying a property, should you look for this person? How do you source? So how do you go out and find a lawyer? And what are the best questions to ask to make sure they're legit, and can help you and be a valuable member of your team? So let's start with when in the process. Should you find the lawyer? Do you guys have went Have you guys done this in the past? Tom: All right, so I'll jump in first. If you are investing passively, you're holding properties in your own name, you know, it's not necessary that you buy them in an LLC, I would argue that within your checklist to get going as a remote real estate investor, getting an attorney in place is not high on that list. And that you don't have to do it before you start evaluating. You don't have to do it before you start buying. If you are looking to own these properties into a more complicated structure, with either LLC is sure you're going to want to have an attorney either to help you, you know, set up your LLC or using like a Legal Zoom or one of those type platforms. But if you are like myself, and perhaps you own a couple of properties, not in an LLC, you have it in your own name. It's not necessary to have get a lawyer upfront, or even after you own. You know, it really depends on what you're doing and what your threshold for risk as it relates to having things in your own name. You know, as far as timing, I would say it depends and it's not necessary to do upfront. Michael: So I'm going to take the counterpoint to a slight degree. I think it depends on what your risk tolerance looks like and what your starting assets look Like, if you don't have a whole lot to your name, it's probably less important to go chat with an attorney prior to. But if you do have a lot to your name, you could have a bigger target on your back. And so, I think just understanding what you're getting into the risks you're taking on, and what structure if any might be appropriate for you, those can all be really great questions to ask on the front end, prior to purchasing. And just as if you're looking to get involved with real estate as a whole, again, good questions, to be asking questions to go get answers to just so you're coming to the table with all the information or as much information as you can. And so having a consult with an attorney doesn't have to be yours. But one, a real estate attorney in general, can be really great, and how do I protect myself, but also understand that they are likely going to try to sell you something, all kinds of asset protection, and they often will use scare tactics. So take everything you hear with a grain of salt and go talk to other investors about what's actually happened in their world. Tom: Another thing to think about is, what are the different use cases that you're going to be using attorney with, so one of them would be on the front end, you're, you know, setting up a structure, maybe you're putting a fund together, maybe you're putting together a single member LLC, you know, that's a use case of using an attorney. And if you're not going through that, it's not necessarily that you find one other use cases that come in with an attorney is perhaps you buy a property, and there's an eviction with the tenant or some kind of issue like that, more likely than not, your property manager is going to have some legal, you know, representation, or kind of like a third party that they'll use to manage the process of eviction or three day notices and all that stuff. So it's not necessarily that you personally have an attorney to do this, your this is something that you're paying your property manager to do, they're gonna forward some of those costs to you, but they're going to get kind of better, better pricing, because they're like at scale, and probably have like, pre made templates for a lot of this kind of stuff. What other use cases would you be using an attorney with you guys think of? Michael: That's like, 85% of my experiences with it, I've used mine in an insurance issue, I had to bring in my attorney and just be like, Hey, I'm not getting the service and answers to the questions that I'm posing. And then also with…
19 min
The Brian Buffini Show
The Brian Buffini Show
Brian Buffini
Flexibility Equals Freedom #248
“The flexibility mindset can actually be one of the greatest gifts you get to embrace and use to change your life for the better.” – Brian Buffini If you want more freedom in your business and your life, you have to learn to be flexible. In this episode, Brian teaches how to embrace flexibility and more easily adapt to change. Topics discussed include: why homeostasis is the single biggest enemy to personal growth and development, why coaching is so effective at pulling people out of their comfort zones, why principles never change and why it’s vital to track and review progress. YOU WILL LEARN: * Why we can be so rigid in our lives. * How we can adjust and pivot to become more flexible. * How to live in a state of flow. MENTIONED IN THIS EPISODE: “The Shawshank Redemption,” movie “Chicken Soup for the Soul,” by Jack Canfield and Mark Victor Hansen Buffini & Company Referral Maker® CRM “One Small Step Can Change Your Life: The Kaizen Way,” by Robert Maurer “Flow,” by Mihaly Csikszentmihalyi “The Rise of Superman,” by Steven Kotler “Chariots of Fire,” movie INSPIRATIONAL QUOTES FROM THIS EPISODE: “Most everything that you want is just outside your comfort zone.” – Jack Canfield “Write your principles in pen. Write your plans in pencil.” – Brian Buffini “Just because you're flexible doesn't mean there's nothing you can count on. You can count on the principles.” – Brian Buffini “Plans are nothing. Planning is everything.” – Dwight D. Eisenhower “You can't use up creativity. The more you use, the more you have.” – Maya Angelou https://www.TheBrianBuffiniShow.com http://www.brianbuffini.com Instagram: https://www.instagram.com/brian_buffini Facebook: https://www.facebook.com/brianbuffini Twitter: https://twitter.com/brianbuffini Theme Music: “The Cliffs of Moher” by Brogue Wave
38 min
Real Estate Rookie
Real Estate Rookie
BiggerPockets
School Teacher Making $72,000 a Year in Cashflow with Amy Barber
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49 min
BiggerPockets Business Podcast
BiggerPockets Business Podcast
BiggerPockets
79: Originating $500m in Real Estate Loans With Matt Rodak
Growing a business isn’t easy. But, it gets much easier when you understand the growth process and how you should be navigating that growth as your company’s CEO. Matt Rodak -- founder of Fund That Flip, a real estate crowdfunding company and #647 on this year’s Inc 5000 list -- is with us to talk about how he both started his company and then grew it, with over $500M in total investor loans originated since 2015. Fund That Flip both lends to real estate investors and provides opportunities for lenders looking for passive returns -- Matt discusses his strategy serving two very different customers in your business. Then, in the second half of the episode, Matt walks us through his roadmap for company founders, including the 5 distinct phases of growth every successful founder must follow to take their business from concept to world domination. When should you “go to war?” When should you “focus on peace?” And how to traverse the point in many business owners lives when they start to find themselves getting complacent. Make sure you listen for Matt’s absolutely best tip for how you can stay focused on your business and not get sidetracked by others who don’t necessarily have your best interests at heart! Check him out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show! Links from the Show * BiggerPockets * Zillow * Blog Post: Dogfooding * Founder Institute (New York) Check the full show notes here: http://biggerpockets.com/bizshow79
1 hr 14 min
Apartment Building Investing with Michael Blank Podcast
Apartment Building Investing with Michael Blank Podcast
Michael Blank
MB 237: Biggest Myths about Building a Platform to Raise Capital – With Patricia Sweeney
Wish you could attract an audience of engaged, eager investors like we do at Nighthawk Equity? Have you thought about building a thought leadership platform but rejected the idea because you’re not a writer or a techie? Or because you don’t like the way you look or sound on camera? Are you ready to get over those false beliefs and scale your capital raise in a matter of months? Patricia Sweeney is the Marketing Automation Consultant behind Ideally Media Group, a firm that helps entrepreneurs and business owners implement content marketing systems to attract more of the right clients and significantly increase their revenue. With 10-plus years of experience in online marketing, Patricia has been the secret weapon behind some of the biggest names in the digital marketing space. She is also part of the Michael Blank team, working hands-on with the students in our Platform Builders program. On this episode of Apartment Building Investing, Patricia joins me to discuss the limiting beliefs that stop syndicators from building an online thought leadership platform. She explains why you DO have time and why you CAN justify the investment, describing how our students are attracting new investors—sometimes even before the program is over! Listen in for Patricia’s insight on avoiding the biggest mistakes syndicators make in building a platform and learn how YOU can scale your capital raise through our Platform Builder Incubator. Key Takeaways The advantages we have around platform building in 2020 * EASY to get message to many through social media * Tech never more powerful or easier to use * Outsource tasks to highly qualified global VAs What limiting beliefs stop syndicators from building a platform * I’m not a techie or a writer * I don’t have the time * I can save money by doing it myself * I can’t justify the investment Why you DO have time to build a thought leadership platform * Delegate/automate production and distribution * Don’t have to become digital marketing expert Why you aren’t really saving money by doing it yourself * Time = precious resource, better spent finding deals * Focus on what drives business forward (raise capital) Why you CAN justify the investment in building a platform * Leverage content marketing to attract more investors * Reinvest 20% of revenue and SCALE UP capital raise The biggest mistakes syndicators make in building a platform * Thinking you only need a website * Not having a lead magnet * Not communicating with your list * Trying to do everything at once * Striving for perfection My advice on avoiding overwhelm in building a platform * Build core platform as foundation * Layer on one lead gen program at a time Connect with Patricia Sweeney Ideally Media Resources Register for Michael’s Live Webinar on 10/28 Register for Michael’s Platform Builder Incubator Join the Nighthawk Equity Investor Club Download Michael’s Free Report—What’s the Best Investment: The Stock Market or Real Estate? What Is a Platform & Why Should You Build One? on ABI EP235 Upwork Fiverr Podcast Show Notes Michael’s Website Michael on Facebook Michael on Instagram Michael on YouTube Apartment Investor Network Facebook Group
35 min
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