Hire & Fire These 2 People TODAY! (Bob Lachance)
REIClub | Real Estate Investing Podcast
Release Date: 05/15/2023
Wholesaling Beginner Blues (Michael McDonald)
REIClub | Real Estate Investing Podcast
I have to confess that I'm guilty of this. Wholesaling houses is often presented as the easiest way to get into real estate investing. Sure it doesn't require much capital and it can generate incredible profits. But the truth is that for beginners, wholesaling can be tough, scary, and even a little intimidating. Michael McDonald started wholesaling a few years ago in a small midwest market, but he's grown that into a team that does deals all across the country. What I loved about interviewing Michael was his openness to share his struggles (5 months of...
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Do You REALLY Need a Permit? (Justin Dossey)
REIClub | Real Estate Investing Podcast
When you're flipping a house, do you REALLY need to pull a permit? On Justin's first flip he didn't pull a permit and tried to do his renovations quickly, which makes for a great story for us to learn from. Let's just say his answer to the age old question has flipped around since that deal. Justin is the head of Ballpoint Marketing and Call Porter, two companies they use in their own real estate investing businesses (operating in multiple states) that you can put to work in your business as well. Ballpoint Marketing - Handwritten (by robots) direct mailing...
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Love Yourself Like Your Dog (Brad Chandler)
REIClub | Real Estate Investing Podcast
Brad Chandler knew he never wanted to work for someone else, so when an investor flipped Brad's neighbor's house he saw the potential. So every night after putting his son to bed Brad would place bandit signs and hand address envelopes to find his first deal. After a few months he still didn't have a deal, but he stayed persistent and after 8 months of searching he landed 6 deals and quit his job. That's when a few tips from his real estate mentors helped him take off. From "We Buy Houses" signs in every front yard, to advertising deals as "Handyman Specials" (from Ron LeGrand's...
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Dark Side of Real Estate Investing (Tony Javier)
REIClub | Real Estate Investing Podcast
What are the pros and cons (or downsides) of real estate investing? The pros of real estate investing are pretty well known, the ability to use leverage (debt) to buy properties that generate passive income (cashflow) that also appreciate in value (equity) while giving tax benefits (depreciation). But every investment has its cons, some of real estate's downsides are market volatility, bad tenants, vacancies, maintenance, and legal/regulatory issues. Basically it comes down to tenants, toilets, and termites. Tony Javier's career as a real estate investor was almost derailed by those downsides....
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Red Flags & Real Estate Scams (Dean Rogers)
REIClub | Real Estate Investing Podcast
Scammers are just a part of life, but Dean Rogers learned how to do 'deeper' due diligence after he got burned by a known criminal. Dean lost $180,000 but sees how he could have avoided it by trusting his gut and making a few more phone calls to other people involved in the deal. Con-men (and Con-women) know that most people want to trust other people, and they abuse that trust to scam people. To avoid scams in real estate (or anywhere) just remember this quote: "Trust, but verify." - Ronald Reagan ⏰ TIME STAMPS ⏰ 00:00 Dean Rogers - Real Estate Investor 01:43 Football Career...
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Make Your Rules & Reduce Your Risk (John Jackson)
REIClub | Real Estate Investing Podcast
As someone who embraced legal lease options in Texas, John took advantage of the opportunity the regulation created. From working with one or two FSBO sellers to eventually scaling up and moving hundreds of properties every year, John was named the King of Lease Options by Joe McCall himself. But all of that business success set John up for some painful failures, so John thought back to his time as a stock trader came up with these 3 rules to live by. Your ego ain't your amigo - When entrepreneurs hit the Million dollar mark in gross revenue, it's a dangerous place. The...
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Hey Wholesalers, Shut Up! (Noah Gilliom)
REIClub | Real Estate Investing Podcast
The #1 thing wholesalers need to do is shut up and LISTEN! Sorry if that sounds harsh, but most wholesalers usually race to the contract instead of being quiet, listening, and building an actual relationship. We all know "The fortune is in the follow-up", but most wholesalers call their sellers to "check-in" or "follow-up" and sound like a stereotypical salesperson. 🤮 When you listen to your potential sellers' problems, it makes following up so much easier. It takes more time, but that will pull out the seller's motivation and help you to make sure you address their problems...
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How Rich People Cheat (We Should Too)
REIClub | Real Estate Investing Podcast
You don't get rich working a 9-5 because that game is rigged. Rich people don't play that game. We all know that investing in real estate is a great way to build wealth, but to ensure you keep as much of that wealth as possible you need to cheat. What the wealthy do is 100% legal, but it feels like a cheatcode because it helps them avoid the #1 wealth destroyer. TAXES. Real estate investing comes with a bunch of tax breaks and incentives, but Ryan & Cashflow Tactics have found a way to take it to the next level of tax minimization. Learn how rich people cheat with their overfunded...
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Ray Zhang is the American Dream 🇺🇸
REIClub | Real Estate Investing Podcast
Immigrant. Homeless. Determined. Successful. Ray Zhang achieved The American Dream for himself and his family through hard work, persistence, and real estate investing. Ray moved to America back in 2012 and while he landed in paradise, his life wasn't smooth sailing by any means. He became homeless quickly, but through his persistence he was able to start flipping & reselling furniture & cars to get by. With that kind of work ethic, it shouldn't be a surprise that once Ray got into real estate he made six figures on his first 2 deals. After this episode, you'll see that the...
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Hire & Fire These 2 People TODAY! (Bob Lachance)
REIClub | Real Estate Investing Podcast
Growing up Bob Lachance had one goal, to play professional ice hockey. So in the summers Bob worked as a go-fer in his family's construction company (Going for lumber, or screws, or coffee.) While he didn't go into the family business, it did plant the Real Estate Bug in the back of his mind while he was doing this... But hockey careers don't last forever, so eventually Bob had to start thinking about his next career. As he thought about his options, he realized real estate had a high earning potential with low barriers to entry. So he dove right in. This is the...
info_outlineGrowing up Bob Lachance had one goal, to play professional ice hockey.
So in the summers Bob worked as a go-fer in his family's construction company (Going for lumber, or screws, or coffee.) While he didn't go into the family business, it did plant the Real Estate Bug in the back of his mind while he was doing this...
But hockey careers don't last forever, so eventually Bob had to start thinking about his next career. As he thought about his options, he realized real estate had a high earning potential with low barriers to entry. So he dove right in.
This is the story of how Bob found out who he had to hire and fire to be successful.
Key Moments
02:09 Growing Up as a Construction Go-fer
03:16 Leaving college to play pro hockey
04:32 Landing his first deal without the internet
06:15 Beating Analysis Paralysis
07:16 The Big Challenge of Real Estate
07:55 Buying Preforeclosure / Short Sale Properties
08:10 The FIRST Person to FIRE In Your Business
09:50 Losing 150k Next Door to Regis Philbin
12:44 Using VAs for Real Estate Investing
14:48 How REVA Global was Started
16:11 The FIRST Person to HIRE