PUW 65 Shared Practices' Journey...So Far
1 hr 2 min

We'll be back with guests next week, but as George and Matt finish up their four-part series together, they give us a comprehensive history of Shared Practices...so far. The time-sucking (but fun) project it was in the beginning, Matt coming onboard and giving Richard and George the kick in the butt they needed...all the way to the purposeful launch of meaningful resources for ambitious dentists everywhere.

 

Interested in 1-on-1 coaching?

  • Email george@sharedpractices.com or matt@sharedpractices.com.
  • Tell us about yourself, your business goals, where you are currently in your practice at and where you would like to be in the next year. 
  • Send us your information to see if we would be a good fit for you!

 

Would you like to be a guest on the show?

Copy and paste these questions on the email. 

Email practiceunderwater@gmail.com

Tell us: 

  1. About your practice: number of employees, their roles, your location, number of chairs, what procedures you obtain your income from
  2. Goals for your practice
  3. A vision where you would like your practice to be, where you would like to go
  4. Where do you believe you are falling short in your practice?
  5. How are you getting in your own way to success?
  6. Why isn’t the practice performing the way you would like?
  7. What would you like coaching for?

 

Links | Resources

Practice By Numbers

Practice By Numbers Facebook Group

Frequent Miler on the Air
Frequent Miler on the Air
Greg Davis-Kean
Rocking Cyber Monday | Ep74 | 11-28-20
0:27 Reader feedback: The opposite of the "joy of free" is "the pain of fees". 6:11 What crazy thing did Citi do this week? First up: ThankYou points devaluation https://frequentmiler.com/citi-devalues-thankyou-points-transfers-to-shop-your-way-lose-20-bonus/ 12:04 Next crazy thing: Amex hides away 10x earnings on Platinum card. 14:17 link: https://frequentmiler.com/yes-your-new-platinum-card-is-earning-10x-where-appropriate/ 16:59 What crazy thing triple header! What happened to Delta this week? 21:10 Mattress running the numbers: Choice promo for 2K / 5K points for 2 or 3 night stays https://frequentmiler.com/choice-hotels-promo-stay-2-nights-earn-2000-points-stay-3-nights-earn-5000-points/ 23:32 Rocking Cyber Monday: Avoid the stress, beware the hype https://frequentmiler.com/amazon-discount-with-membership-rewards-points/ https://frequentmiler.com/awesome-amex-offer-get-8-points-per-dollar-at-amazon/ https://frequentmiler.com/awesome-amex-offer-get-8-points-per-dollar-at-amazon/ https://frequentmiler.com/targeted-3x-10x-chase-spending-offers-on-a-plethora-of-cards/ https://frequentmiler.com/citi-cards-5-back-for-online-shopping-november-24-30/ 51:41 Post Roast Feeling thankful: https://frequentmiler.com/feeling-thankful-in-2020/ 57:00 Question of the Week: Can you take back a suite night award and then get a do-over on the upgrade request? Should you? Music credit: Annie Yoder Don't forget to like, subscribe, and leave a comment!
2 hr 14 min
Massive Agent Podcast
Massive Agent Podcast
Dustin Brohm
How One Agent Made More in One Day vs All Last Year w/ Paige Corbett
First off, Happy Thanksgiving to each and every one of you! We have so much to be grateful and thankful for, and I think this crazy ass year really helped us put it all into perspective. This week, you'll hear the empowering, inspiring yet deeply personal story of Paige Corbett, a Realtor in Indianapolis, IN. Paige is one of the fastest growing agents within my nationwide real estate team. This year, in just her second year selling homes, Paige has really built some momentum and some confidence in herself and her abilities as a real estate agent... and it's translated into actual closed deals. Paige struggled at first, for many of the same reasons that most Realtors struggle, whether they're brand new or real estate veterans. However once she found a couple key mentors, switched to a more empowering brokerage, and started implementing some basic systems and strategies, her sales exploded. Now she's on track to reach a major award within our brokerage, called the ICON agent award at eXp Realty. Paige's story is unique to her, but not uncommon. I think you'll find it helpful and empowering. Follow Paige on Instagram -- CLICK HERE to get our new "what to post on social media" app, the Massive Agent Daily. ********************** Dustin's Recommended Products or Services: Witly: the fully automated Facebook Ad management system for real estate agents and loan officers. Get a 14 day free trial HERE Wise Agent: The real estate CRM I use - 14 Day Free Trial PLUS get my drip campaigns for free Shop my Amazon Store: podcasting equipment, my favorite books, cool stuff for Realtors, etc Massive Agent Society: Our "One Agent Per Market" Real Estate Lead Gen Coaching Program and online course - Claim Your Market Now Buzzsprout: Affordable, user-friendly podcast hosting for real estate agents - New users get a $20 Amazon Gift Card Follow us on Instagram *The Massive Agent Podcast is a production of the Industry Syndicate podcast network
1 hr 21 min
The Remote Real Estate Investor
The Remote Real Estate Investor
Roofstock
Michael Zuber's Brilliant Strategy for Raising Private Capital
In this episode of Weekend Wisdom, Michael Zuber shares his strategy for employing private capital. Catch Michael Zuber on YouTube at One Rental At a Time. --- Transcription Tom: Happy weekend, everybody. This is another episode of Weekend Wisdom on The Remote Real Estate Investor. On today's episode, we have author and thought leader Michael Zuber, he is the author of One Rental At A Time, he also has a podcast and a YouTube channel. Definitely worth checking them out. And today we talked to Michael about his methodology of raising private capital. I love it. I think it splits the risk and the upside, he does this thing called a 6-20. And I'm gonna let him explain. Michael, let’s hear it. Michael: Yeah, so one of the things that if you're a real estate investor that is often thought of is the holy grail is raising private money. Now, I believe raising private money needs to be done correctly, I think you need to give it the respect it needs. There are lots of checks and balances. And you must understand the process, the rules of the road, all of that. But the beauty of it is once you understand private money, and you have a track record, you can orchestrate a private money package that works for your lender, which is a friend or family member, and yourself. And I've done two things in my career. And where I raised millions of dollars back in 2010. Just to set this up, people were frightened, and I was paying 10% interest for the entire purchase price of property because lending or savings rate was less than 1%. Much like it is today. People were so scared, but I had documented my success back then. It wasn't YouTube. It was actually a blog, which I wish I kept, but I let it go. But that blog allowed me to attract millions of dollars because I was documenting what we were doing buying. It was BRRRR before it was BRRRR, right? I'm sure Brandon Turner saw something I was doing because I was posting on bigger pockets all the time. And it became BRRRR right, buy a dump, fix it up, rented refi with, in my case, private money and do it again, which now he calls Burr. But now what I've done in the last couple of years is the market has changed. Real estate is sexy again, in 2010. Nobody wanted to touch it. But real estate sexy today. So what I found today is people aren't really interested in 10% interest, of course, they will take it. But they what they want is they want a piece of the action, right? They want part of the profit. So what I've done is I've devised a six and 20 program where I again, borrow 100% of the purchase price. And now instead of paying 10% interest, I'm paying six annualized, right, so it's 100 grand is 500 bucks a month. But what I do is I give him 20% of the profit. So when I'm out of a property in 120, or 160 or 200 days, they not only get monthly checks, because I pay monthly like a mortgage payment, which is the 6% part. But they will get 20% of the audited return, which when you annualize everything I've done have the millions of dollars I borrowed, everybody's got an annualized return to date, an excess of 20%. And again, it's all secured, right, your first trustee, your name down insurance just in case it burns down, I invest all the capital repairing it. So my dollars are at risk first. It's extremely safe thing. But the key to this program is I listen to the private money investors first. I didn't just create it, I went back to the people who lent me millions of dollars before and said, What do you want? And they're like, hey, that 10% was cool, but you cashed me out? Right? That was cool. I lasted but once you could get a loan you did because 6% is lower than 10. And I wish I was still getting 10 Well, like sorry, Yo, 10s Hi. I don't want to take 10 forever 10 times, but like, Well, we'd love to piece of the action. So I'm like, Okay, well, how do you feel about 20% because I'm doing all the work, I'm finding the deal. And they're like, cool. So I'm like, Great, well, let me give you 6% now because that's what I can get from banks. And I'll give you 20% of the upside, they're like Sign me up, let's let's do it. So the six and 20 was born and again borrow millions of dollars doing it. Tom: I love that model just in that you know the same value that you have with real estate because you're having the the ongoing cash flow, which is that 6% plus all the upside of the appreciation and all of that it's, it's beautiful, it's beneficial for you because you're coming in at 6% right away or anyone else that you know, using this similar type of a model. It's incredible, brilliant. Michael: I mean, I love to talk about it because of what the investor gets but I'm a nice guy, but I'm not not going to give the farm away. Right my investors annualized return is 20% My annualized return is over 80% right because all I bring in is a repair money in my monies in shorter and when we exit you know my return on repair money is often much bigger than the purchase because if I purchased it for 120 I might put in 30 or 35 so if i net 20 on the out and they get you know whatever that would be six plus the cash flow I mean yes they get great returns but let's be clear I'm winning also. Tom: Yeah, Emil: When you say exit is that usually cash out refi or was it sale? Oh, today's market would be a sale owner occupants are buying things hands over fist. So if they want to overpay I will let them Tom: Get out of the way. Yeah, Michael: Get out of the way. There you go. Tom: If you enjoy the episode, enjoyed the podcast, please subscribe and give us a rating and have a great rest today. Happy investing
5 min
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