Podcast: How To Finally STOP Procrastinating And Take MASSIVE Action. | Tim and Julie Harris
Play • 1 hr 8 min
It happens all too easily and all too frequently, we become complacent. When you become complacent you stop doing the things that are necessary for you to continue to evolve and improve. Consider this, complacency is the death of not what could be but what you are. It’s the death of what you have and what you could’ve been. Listen to today’s podcast to know how to recognize where are your complacent and what to do about it. And remember, if you haven't completed your 2021 Real Estate Business and Life plan you solution is a text away. Simply text 2021 to 855-685-1045. As always thank you for continuing to make Tim and Julie Harris’ podcast the number one listened to daily podcast for real estate professionals with over 10 million downloads real estate coaching radio is the must listen to daily show for anyone serious about the real estate career.
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The Ninja Selling Podcast
The Ninja Selling Podcast
Garrett Frey and Matt Bonelli
Making Your Real Estate You with Luca Alboretti
Next up in Matt and Garrett’s series featuring special guests is the creator of the @actuallyagents real estate meme page, Luca Alboretti. After a few years of being in real estate, but lacking a real passion for it, Luca has gone on to achieve huge success by fully committing to making friends and injecting his own hilarious personality into his work. Today, you have the opportunity to learn exactly how he made this all happen, and how he found joy and passion in his work along the way. Luca shares the beginning and growth of his meme page, the similarities between this work and his real estate work, the importance of perseverance, and the role that the relationship process played in throughout. He also discusses what he has brought from his page into his business, his excitement about the growth of the referrals aspect and bringing on new people, and the importance of being flexible in taking advantage of opportunities as they arise. As our hosts point out, Luca’s story of finding success and happiness by being genuine and authentic has inspired so many agents, and the same will undoubtedly be true for you as well as you listen in to this informative and entertaining episode today. Episode Highlights: * The start and growth of Luca’s meme page * The similarities in his meme page and real estate work * The importance of persevering * Building the page through the relationship process * What he brought into his business from the page * What he’s excited about now * Moving beyond memes to referrals * How he has inspired other agents * Bringing new people into Luca’s business * Taking advantage of opportunities Quotes: “The truth is sometimes the funniest thing that’s going around.” “Probably the biggest growth explosion we had was during this quarantine.” “When you’re running these pages, you’re looking at the engagement.” “The page has bled into my real life and vice versa.” “You just have to stick with stuff.” “Real estate is fun again because I get to be myself.” “If I make some people angry, then the ones who care don’t matter, and the ones who matter don’t care.” “If I have one regret, it’s that the bigger the page gets, the less of that person-to-person interaction I deal with.” “Really, the jumping off point was just making as many friends as possible.” “I started learning and it really changed things.” “It’s the Monday Guy!” “It’s a net positive feeling.” “God bless the haters.” “I don’t deal with people who don’t have a sense of humor…the people I end up dealing with are just a joy.” “This is a lot of work, but, again, if the passion’s behind it, it’s okay.” “You’re being as genuine as you possibly can be.” “You’ve just got to ride the wave, because the Universe…doesn’t care about your plans at all.” “If you or anyone you know is looking to buy or sell real estate – commercial oriented – please contact me.” Links: www.TheNinjaSellingPodcast.com Email us at TSW@TheNinjaSellingPodcast.com Ninja Selling www.NinjaSelling.com @ninjasellingofficial Ninja Coaching: www.NinjaCoaching.com @ninja.coaching Garrett garrett@ninjacoaching.com @ninjaredding Matt matt@ninjacoaching.com @matthewjbonelli Connect with Luca: Instagram and Twitter: @actuallyagents
36 min
GSD Mode
GSD Mode
Joshua Smith
New Realtor Sells 25 Deals 1st Year, 47 in 2nd Year and Is On FIRE | Interview w/ Derek Timmons
Derek Timmons is a real estate agent who out the gate has been on FIRE! As a brand new real estate agent, Derek was able to close 25 deals during his 1st year while working only part-time on the side and still holding down a full time job. After making the switch to full time in his 2nd year, he was able to close 47 deals in 2020 in the midst of the coronavirus pandemic, totaling over $250k in commission income. Now in his 3rd year, he is on track to blow that number out of the water and continues to absolutely crush it!     In this GSD Mode Podcast Interview, Derek discusses with host Joshua Smith EXACTLY how he has been able to find success as a new realtor and how he got to where he is today in such a short amount of time, what he believes is the key to having a high conversion rate, the insane value that comes with developing healthy business relationships with money lender, builders, investors, etc.., he details his online social media presence and talks about how important it is for real estate agents to be online in this day and age, and so much more. Don’t miss this one, hit play!       00:00 - Introduction   6:00 - What brought you into real estate in the first place?   10:00 - Transitioning from a part time agent to a full time agent while supporting his family   14:20 - What are some things you did when you switched to being a full time agent?   18:30 - What helped you almost double your production in your 2nd year?   21:00 - What do you think has been the key to having a high conversion rate?   26:00 - How do you approach developing new business relationships?   30:45 - What has been the most valuable relationship you have made as a real estate agent?   34:00 - What does your online presence look like on social media? 37:30 - Google Ads and website tips   40:00 - False reviews on Google and other services   42:00 - How to ask and vet reviews from clients   46:30 - How are you able to stay consistent with your schedule?   52:00 - The top priority for Derek to do 1st is to build your database   55:30 - Being so new and having no idea what he was doing   57:00 - If you could give your younger self 2 pieces of advice, what would that advice be? 1:01:00 - Where do you see yourself taking your business? 1:02:50 - Where to learn more about Derek       Derek’s Contact Info:       https://www.instagram.com/maverickgroupyyc/       dtimmons@cirrealty.ca         📚  For a TON of FREE Tips, Methods and Strategies to help you DOMINATE Your Real Estate Business, make sure to snag my new 100% Free Digital Book (it will be emailed to you within seconds) - Joshua Smith's Free Book "DOMINATE Your Real Estate Business - Top Tips From a Top Producers" go to: http://www.JoshuaSmithFREEBook.com/     👉 Looking for help in your Real Estate Business, Check out Joshua Smith's Coaching Program "Mastery Bootcamp" at: http://www.MasteryBootcamp.com     👉 Want to learn more about Joshua Smith's Coaching Program, see if the program is a fit for you, etc... Schedule a 100% Zero Pressure/Zero Hassle Discovery Call, Click Here:  http://www.MasteryBootcamp.com     👉 "Triple Your Real Estate Business In 90 Days" [FREE In-Depth 3 Hour Online Masterclass with Joshua Smith] - http://bit.ly/2WQHBqM     GSD Mode Podcast Sponsors/Supported By:     Perfect Storm (The most Effective and Affordable Real Estate CRM in the Real Estate Industry) - http://www.PerfectStormNow.com     Mastery Bootcamp (Joshua Smith's personal Coaching/Mentorship Program) - http://www.MasteryBootcamp.com     REO Mastery University (REO and Short Sale Real Estate Agent Training) - https://reouniversity.wpengine.com/     Connect With Joshua Smith On Social Media:     Facebook - https://www.facebook.com/JoshuaSmithGSD     Instagram - https://instagram.com/joshuasmithgsd/
1 hr 4 min
The Art of Passive Income
The Art of Passive Income
Mark Podolsky
How To Get Rid Of The Headache Of Hiring A VA
Bob Lachance is the Founder and CEO of REVA Global LLC, a sought-after mentor, an industry expert, and a former professional ice hockey player. He leads his company by the mantra, “no lead left behind” to ensure his clients, whether seasoned professionals or newbies to the real estate industry, make the most out of every lead, every deal, and every opportunity that pops up in their inbox. As an entrepreneur by nature, Bob currently owns, operates, and manages several business ventures globally. With each failure and success that came with his businesses, he has garnered a wealth of experience which led to the creation of one of the leading Real Estate Coaching and Mentorship programs in the US. After many trials and errors with Virtual Assistants and stories from industry personnel who share his experiences, he was then bitten by the idea bug and in 2016, REVA Global LLC was born. Before his official leap into the business and real estate sectors in 2004, Bob enjoyed a successful 8-year long professional ice hockey career which awarded him the opportunity to travel and reside in various places in the United States and Europe. Today he coaches ice hockey and enjoys the downtime with his wife and three children when he’s not too busy mentoring and engaging his long list of clients. Listen in as they discuss: * Bob’s journey to where he is at now. * Outsourcing good VAs. * The processes that go into figuring out which VA is most compatible with the needs of your business. * How to examine your business to determine which tasks generate the best ROI and which tasks should be delegated to a VA? * Understanding the key role consistency plays in keeping your business afloat. * Maintaining an effective management system that can be easily manipulated by your VA. * The importance of raising your game to keep ahead of your competitors and position yourself as an expert at what you do. And, more! _Your business runs the way exactly how you want your business to run, and please don’t hand it off to somebody else to let them run it. If you’re going to do that, get a partner who’s invested as much as you are into your success. ~Bob Lachance_ TIP OF THE WEEK Mark: My tip of the week though it is actually going to make you money and save you time, ultimately save you time. Learn more go to revaglobal.com and start hiring your VA team. They are already trained, they are already vetted, they’ve got good internet, they got good hardware. Let Bob deal with all the headaches. Scott: Have you ever looked at a company logo and thought, “Man that’s a kool font”, you know… like… I don’t know… Stripe for example. They have a kool font, I think. Well, go over to this website, fontinlogo.com; when you get there, you can type in a company name—Stripe is there at the bottom, as a featured one—so if I go in there and hit Stripe, for example, what would happen is it would go out and search their database and tell me that Stripe’s font is FF Fago. If I click on the box, it gives me a link to download or get the FF Fago font. Bob: The book, Traction by Gino Wickman is a very good book. It breaks down the EOS system and one of the things that I actually gained from looking at that book is that it puts your business —it doesn’t matter if you’re by yourself, or you’re working solo, or you have a team—it puts structure around exactly how you are going to be looking at your business from now, next month, to a month after. So that is one of the things I would highly, highly recommend. _Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?_
29 min
The Remote Real Estate Investor
The Remote Real Estate Investor
Roofstock
Why the Owner Occupant Sales Exclusion Strategy Is So Powerful
Authors of The Book on Advanced Tax Strategies, Amanda Han and Matt MacFarland explain the owner occupant sales exclusion strategy. Amanda & Matt's website: https://www.keystonecpa.com/ Suggest a topic for the podcast: https://linktr.ee/remoterealestateinvestor --- Transcript Michael: Hey everybody, welcome to another episode of the remote real estate investor. I'm Michael album and today I'm joined by my co host, Tom Schneider, and two very special guests, Amanda Han and Matt McFarland, two very distinguished notable authors, CPAs, tax experts and real estate investors. And in today's weekend wisdom, they're going to be talking to us about the owner occupant sales exclusion, that can really boost real estate investors gains. So let's get into it. So one thing I want to make sure that we highlight for for listeners, and a question that I want to ask too, is about the owner occupant sales exclusion. Can you talk to us a little bit about what that is? And how folks might be able to utilize it? Matt: Yeah, it is actually a great strategy. And, you know, again, why don't we use the word incentives that they provide people out there in the tax world, essentially, homeowners, if they own and use a house for at least two out of the previous five years, and they go and sell the property, they a single person can get up to $250,000 of gain tax free married couples, $500,000. So that's just by itself, you know, if you're a homeowner, you're not even, you know, investing in rental properties. And that's great. If you're looking to sell your property, and you, you know, lived in the last five years, you've got some game, you know, good chances are, you know, a good chunk of if not all of it can be totally tax free. Now, the cool thing is, we've actually seen this coupled for real estate investors. So and you know, and a good example would be somebody lives in a house for two years, they move out for whatever reasons, but they don't sell it right away, they rent it out for up to three years. So let's say they sell it right before the end of the year five, they say if they're looking back, they meet the two out of five rule, they can actually still exclude the 250 or $500,000. Again, even though it's been a rental property at the time of sale. So that's we've seen clients take advantage of that. Now, if you will, you know, you want to totally supercharge it, we've seen clients take advantage of that. And then also, maybe their gain is more than the 250 or 500, then they do a 1031 exchange to defer the rest of the gain because they're selling a rental property and buying another rental property, you know, so there's a lot of different ways that you can use it to your benefit. Michael: So question for you both if I if we want to string a couple of these concepts and tactics together, could I buy a owner occupant house live in it for two to five years, rent it out for just under three years, then when I go to sell it for a gain of more than 500,000? Maybe called 750? I do a 1031 exchange and get the owner occupant exclusion so that I get that 500 tax free. And then I can 1031, the additional 250 on top of that, go buy an investment property and then have it be an investment property for a little bit and then do a refinance to an owner occupant primary mortgage. Is that possible? Matt: Yeah. So on the front end, they're selling your property, there's a primary they're gonna, you know, probably pay some taxes, whatever the exit the gain, it was an excess of 500. Yeah, what you do with the money doesn't matter with respect to those rules. So you can still utilize exclusion if you're buying an investment property on the on the back end. But yeah, you can always buy an investment property and change it into a primary, but there's definitely things you want to be aware of. And there's things you can do with a 1031 exchange, if you're selling a rental buying another rental, and then you move into that rental later on, then you can do that. But I think that the key is you want to give it enough time as a rental property that if it ever got question is not that, hey, my intention all along was to move into it for four months, you know, Amanda: Yeah, there's always facts and circumstances that come into play. So we actually had a client who did a 1031 exchange, a very large transaction, he bought a rental property, but because of fires where he was living at the time that volcanoes erupted in Hawaii, he decided to move. And you know, the best placement to move into was that replacement property for the 1031 exchange. So he ended up doing it. But you know, that's a kind of an extreme scenario where we thought, well, you can clearly demonstrate a change in facts where, you know, it was supposed to be a rental, but he moved into it shortly after it because of the location and things like that. But the key like Matt, what Matt was saying, the key is at the time of the exchange, your replacement property should be a rental, or at least the intention of it should be that it's going to be a rental, that you move in thereafter. You know, that's not that big of a deal. Michael: So what you're saying is that you should get your tax professional involved on the front end and not after the fact and tell them Oh, hey, by the way, I sold this property Matt: Ahead of time! Tom: Proactive, not reactive, Amanda: We had a client who use that, you know, primary home exclusion rule, not as rentals, but just as primary home. They just use that over and over again, you know, so they move into a house, they do full rehab, they live in there for a couple years, they sell it, you know, 500,000 tax free gain and move into another house and do that whole thing again. And so you know, that's a strategy to you know, that's you know, if you're not really looking to to rent it out, but just continue to get that tax free gain, that's also a possibility Matt: as long as you like moving and rehabbing properties and you can totally take advantage of that. Amanda: Exactly. If you have spouses or kids they have to be okay living in for two years. Michael: Yeah, that's a pretty amazing strategy. I mean, if you just think about the pure math behind that every two years, you could be generating an additional $500,000 in tax free gains that that's a million bucks every four years. It's pretty unbelievable. Matt: Yeah, for sure. Amanda: Yeah. Exactly. of waiting federal and state taxes, right. I mean, that could be as high as 40%. Michael: Hey everybody that was our show. Thanks so much again to Matt and Amanda. So such a such a pleasure having you both on looking forward to doing it again soon. If you liked this episode, please please feel free to leave us a rating review and subscribe wherever you listen to your podcasts. And if you have any comments or ideas for episodes that you'd like to hear, please leave those in the link tree in the show notes of this episode. Thanks so much for listening and happy investing.
6 min
Real Wealth Show:
Real Estate Investing Podcast
Real Wealth Show: Real Estate Investing Podcast
Kathy Fettke - Real Wealth Network
Real Estate Investing: Raising Money Through Real Estate for Yourself and for Charity (Audio)
Building wealth is something that we do for ourselves and our family, and for some, it’s also a way to “give back” to people in need. In today’s episode, we’ll hear from someone who started his real estate career so he could raise enough money to help orphans around the world, as well as his family. He’s truly a good, good soul. If you think investors are more self-serving than that, this interview might change your mind. Our guest, Whitney Sewell, became a federal agent after serving in the military at a very young age. When he got married, he and his wife, Chelsea, decided to adopt at-risk children but realized they needed more time and money to fulfill their charitable dreams. Whitney had heard that other people could build wealth through real estate, so he thought he could too. He and his wife bought two triplexes. They also lost a lot of money on those initial investments but learned a lot, as well. Today, they personally own more than 250 units and their company, Life Bridge Capital, has invested in more than 900 doors worth more than $120 million. Inspired by their desire to help orphans and their families, the Sewells founded the Life Bridge Foundation, and donate 50% of their profits to the foundation. Whitney is also the host of the Real Estate Syndication Show. Links: www.RealWealthShow.com https://lifebridgecapital.com/ https://lifebridgecapital.com/podcast/
22 min
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