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The Wake Up Call

Release Date: 02/06/2024

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More Episodes

Description:

Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy. 

Join host Paul Thompson with guest Bob Lachance in a conversation that digs into the intriguing intersection of real estate investment, virtual assistants, and the evolving landscape of remote work. Bob shares his rich journey from rehabber to founder of a virtual assistant company, shedding light on the critical role of practical knowledge and effective systems in the real estate market.

Explore the cost-effective solution of hiring virtual assistants from the Philippines and discover the diverse tasks they can manage, from lead generation to admin responsibilities. The episode also navigates the challenges of finding reliable virtual assistants and outlines the potential benefits of acquiring properties to alleviate tax burdens. 

 

Key Takeaways:

  1. Virtual assistants play a vital role beyond administrative tasks.
  2. Commonly outsourced tasks in real estate, like lead generation and admin responsibilities, are efficiently handled by virtual assistants, offering a valuable resource for investors.
  3. Hiring reliable virtual assistants is challenging, but Bob shared insights into a rigorous hiring process. Outsourcing to specialized third parties can be beneficial.
  4. Investors should understand their niche and seek virtual assistants accordingly, avoiding the expectation of them running the entire business. Due diligence is advised in selecting virtual assistant companies.
  5. Bob's decision to invest in properties for tax relief is highlighted. Positive cash flow and long-term property holding are emphasized, acknowledging challenges like property management and the need for virtual assistants.

 

Follow Paul Thompson

• LinkedIn | https://www.linkedin.com/in/paulthompson-onecallcapital/

• Website | https://pauldavidthompson.com

• Tiktok | https://www.tiktok.com/@pauldavidthompson

 

Resources:

 
www.PaulDavidThompson.com - Real estate resources, past episodes, and information on my mastermind
 

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About Today’s Guest:

Bob Lachance, a respected national speaker and mentor, specializes in business growth through strategic automation and outsourcing. With leadership in four enterprises, he played a key role in launching a major real estate coaching program. Originally from Bristol, CT, Bob began as a standout ice hockey player at Boston University, contributing to their 1995 National Championship.

Despite being two classes shy of graduation, Bob left academia for an eight-year professional hockey career in the US and Europe. At 30, transitioning from hockey, he self-educated in real estate, completing over 1,500 transactions since his first property in 2004.

Bob's entrepreneurial journey includes launching successful coaching programs, three virtual assistant staffing companies, and ownership of REVA Global LLC, providing trained real estate virtual assistants. His resilience in the face of setbacks and unwavering commitment serve as an inspiration for all on the path to success.