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Real Estate Investor Summit Podcast

Real Estate Investor Summit Podcast is focused on teaching others to gain financial freedom through real estate. Interviews with investors, coaches, and instructors who tell amazing stories and give invaluable advice for real estate success. I want our listeners to be inspired to dream big and reach the next level in their business and personal life.
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Now displaying: December, 2017
Dec 28, 2017

David Lecko is the CEO of DealMachine — a real estate investing app that puts you in touch with any property owner via direct mail, phone, and email. Next time you are out and about and you see a house that looks abandoned or interesting, simply take a picture of it with the DealMachine App to instantly see who owns it. Then choose your contact method and get in touch with the owner and offer to buy it. DealMachine launched in the summer of 2017, and users report making as much as $25,000 over the last 4 months by looking for houses on their commutes that appear run down and contacting the owner via dealmachine and then selling the properties to an investor. Since using DealMachine at least one user has quit his job with the income earned from using DealMachine.

David turned to real estate to free up his time in order to create apps like DealMachine that solve real-world problems. On a mission to find financial independence, with a single real estate deal, David was able to reduce his living expenses to effectively $0 earlier this year, freeing up his time to quit his 9-5 job and work on DealMachine.

What you’ll learn about in this episode:

  • How to fully automate your house-buying systems
  • How spending $1.25 can make your business much more profitable
  • Reaching out to owners of the houses you want to buy, immediately!
  • Why automated letters, with follow-ups, help drive your business
  • Using the DealMachine app to help you grow your real estate business automatically
  • How to modernize the systems you have in place
  • Making more deals in less time with DealMachine
  • How this data-driven app helps you learn which deals are worth pursuing
  • Is driving for dollars a completely outmoded strategy?
  • How to streamline your systems to grow your profit and efficiency
  • How the DealMachine mobile app is going to revolutionize and more fully automate real estate
  • Why some business expenses are more than worth their cost

Resources:

Dec 26, 2017

Mitch Stephen has been a self-employed RE investor for 20+ years. His real estate investing career started at the age of 23 when he read “Nothing Down” by Robert Allen.

REAL ESTATE INVESTOR: Mitch, together with his wife, Tommi, and his daughter, Shannon purchased their fair share of local houses. Their company, Independence Day, Inc., has bought and sold over 1,500 properties in and about San Antonio, Tx since 1996. This company specializes in buying distressed properties with OPM and the selling of those owner financed properties.

AUTHOR:
Mitch is the author 3 books:

MY LIFE & 1,000 HOUSES:
Failing Forward to Financial Freedom

MY LIFE & 1,000 HOUSES:
200+ Ways to Find Bargain Properties

My Life & 1,000 Houses
The Art of Owner Financing

For more info about these books go to http://1000houses.com/the-book/

EDUCATOR:
Mitch offers Online Education, Group Coaching, and one-on-one Mentorships as it relates to all the aspects of Owner Financing and owner financed properties.

Mitch forged the creation of a mass texting software, LiveComm.com to help solve problems that arise when you get numerous calls from bandit signs and other advertising efforts to sell your houses.

The main reason Mitch wanted this system was to reduce the number of calls from potential buyers (that asked the same questions over and over) to a group of the most qualified buyers, saving time for the sales team. This solves that and much more to streamline your selling process.

What you’ll learn about in this episode:

  • Why being wealthy is not always a piece of cake
  • The problems being rich can cause for some people
  • How wealth can bring some bigger temptations and options
  • Keeping your wealth to yourself
  • How hiring family to work for you can be a very tenuous move
  • The advantages of hiring employees that are not family
  • What to do when a family member asks you for a loan
  • How vices tend to expand when you have money and a lot of time on your hands
  • Why it’s vital to have discipline when you have a lot of money
  • Why you should consider giving anonymously to charity organizations
  • Why you should be careful about how you spend your overhead

Resources:

Dec 21, 2017

Jason Lucchesi founded real estate investing company, Global Fortune Solutions, in the year 2008. Jason has been enjoying a successful career in the real estate industry since 2002 where he started as a Loan Officer for Illinois brokerage, Bancgroup Mortgage. In 2004, Jason joined the Management team at Countrywide Home Loans, which was the nation’s #1 lender. In 2008, Jason established his own company to pursue his dream of being a full-time entrepreneur and business owner.

What you’ll learn about in this episode:

  • The main reason why Jason got out of corporate America
  • The importance of knowing what your “why” is
  • How Jason approaches probate properties
  • How to avoid sending out thousands of pieces of mailers
  • The key information you can get from quick claim deeds and how you can get access to them
  • Why it’s important to develop relationships with attorneys
  • Why having a lot of heirs to a property can work in your favor
  • Why you should seek out referrals for probate attorneys who specialize in real estate
  • How to find and flip probate properties quickly with Jason’s online training program
  • Why you should focus on mastering a specific niche

Resources:

Dec 19, 2017

Dawn Rickabaugh is the founder of Note Queen Capital. In 2004, she quit her nursing job and became a full-time entrepreneur. Through her small, family-operated investment company, she’s been building a portfolio of seller-financed notes since 2009 and helped many people get started investing in notes. She frequently consults in real estate transactions that involve owner financing and buys & sells real estate in the Reno-Tahoe area. She loves to use her expertise to increase homeownership in her local market. She helps retirees understand how to escape the wealth vampires on Wall Street and safely increase their accounts while doing something good for the community. When we understand “the dance between property & paper”, we can create home-grown financial solutions, just one Mom n’ Pop to another.

What you’ll learn about in this episode:

  • How to become a successful owner-financier
  • Why you shouldn’t rely solely on Washington and Wall Street for financial security
  • Alternative investments to diversify your holdings
  • The importance of properly creating your notes to get paid top dollar
  • Solid retirement income strategies that don’t rely on traditional financial institutions
  • How to use non-traditional real estate strategies to help your community and build a legacy for yourself and your heirs
  • Why mobile homes on land are a great place to get started in the seller-financed real estate investment market
  • How Dawn’s ebook “Seller Financing on Steroids” can help spur your success
  • Information about creating affordable housing options that are a wise investment
  • Why the traditional financial system is a stacked deck against the average citizen
  • Ways that financial freedom is not always about the money
  • How to trust yourself and grow your business your own unique way

Resources:

Dec 14, 2017

Anmol Singh started trading during his early college years without much luck. After a year or so he discovered a pattern that allowed him to go from 0 to a profitable trader. To date, He has generated a lot of profits for himself and his investors in trading wins and continues to remain a stock and forex trader. He is also an avid real estate investor with a large portfolio and has funded two other tech-based companies. His portfolio also includes Franchise Stores in the Automotive Sector. Today, he spends most of his day managing funds and working with students of Live Traders which he co-founded in 2014.

What you’ll learn about in this episode:

  • Why it’s good to have multiple streams of income
  • Why it’s all about who you compare yourself to
  • How to diversify your multiple streams of income
  • Building a new skill set by getting involved in multiple industries
  • Why you should expect a learning curve when getting involved in something new
  • How you buy yourself a job when you buy a franchise
  • The only way to become independent if you’re a new business owner
  • Why it’s important to have people on commission
  • Why it’s vital to invest in yourself

Resources:

Dec 12, 2017

Costas Peppas is the Co-Founder & CEO of Agent Legend. The secret weapon top brokers, teams, and agents are using right now to turn in huge conversion numbers.

If you’re not regularly the first to follow up, then you’re blowing deals and losing money. Every agent knows this, yet it’s tough to stay consistent. Agent Legend regularly doubles and even triples your connection ratio with prospects.

As a bonus perk just for listening, Agent Legend is giving away copies of their top performing scripts to every listener on the call today.

What you’ll learn about in this episode:

  • What the Agent Legend system is and how it can help you
  • The paradox of every business
  • How to automate your business as an agent or broker
  • How to know if your strategy is working
  • An effective automation plan that a lot of agents have had success with
  • How to spend more time on the deals that convert rather than the ones that don’t
  • How to control the destiny of your business
  • The important thing to know whether you’re generating leads or buying leads
  • Why you need to know how to get leads in order to utilize a system that converts them

Resources:

Dec 7, 2017

Larry Higgins is a real estate investor based out of Houston, TX. After graduating from Texas A&M University in 2003 he began his career in construction project management which he thoroughly enjoyed until 2013 when for the first time in his life, he found himself in a job from which he got no sense of satisfaction and decided he needed to make a change. That’s when he decided it was time to quit and jump into real estate full time although he had zero experience in it and had never even done a deal.

Fortunately, during this transition, Larry stumbled across Mitch Stephen, whose mentorship helped him hit the ground running.

Like so many other investors have experienced before he knew it, Larry had a huge stack of returned mail from his mail campaigns and he knew he needed to do something with it. After getting in touch with several skip trace services he realized how expensive it can be to skip trace so he decided to learn how to become his own skip tracer. Two deals later and he fully realized how crucial it is to be able to skip trace returned mail.

But it wasn’t just the returned mail that got Larry’s attention. As he worked his business he couldn’t help but notice that some letters weren’t returned for weeks, months, or even years (yes years) after they were initially mailed.

He also witnessed first-hand how in most cases where his mail was received and he happened to get an appointment, it had a lot to do with luck in what he calls the yellow letter lottery. This is where the seller has received a stack of mail from other investors and the seller decides to pick just two or three people to call and get offers. No matter how great you think your mailing list is, if you’re in a larger market, the odds are there’s at least a dozen if not dozens of other investors mailing the same people.

So with a keen understanding that he was losing valuable time and leaving too much to chance with mailing, he knew he needed to create a system that allowed him to skip trace high volumes of people or lists and then call or text them. In another stroke of luck, Larry had just started partnering with Will Denker, an established and successful investor in Houston. With their combined knowledge and experience, and the great team Will already had assembled, they were able to create the system they envisioned.

Now that they have created this system they no longer do mail campaigns and they rely strictly on skip tracing lists of potentially motivated sellers and contacting them via phone calls or text messages and it’s transformed their business. The ability to skip trace high volumes of people in a cost-effective manner has not only given them the ability to find and call or text the potential sellers, but it allows them to scan the lists and identify great deals that are flying under every other investor’s radar. The bottom line result is that they are more successful at getting deals and the deals are much more profitable. After first implementing their system their average assignment fee grew from $10,000 to $22,000 and then after becoming much more targeted they doubled it again to their current average assignment fee of $44,000.

Because they now have their strategy defined and much more targeted, Larry and Will recently decided to create skipgenie.com to begin sharing their high-volume skip trace system with other investors in various markets around the country, and helping them develop and tailor a system around their specific goals.

What you’ll learn about in this episode:

  • How skip tracing compares to mail
  • How your cost-per-buy is dramatically lower with skip tracing
  • Why you should not be using lower-tiered skip tracing services
  • One issue with skip tracing that a lot of people complain about
  • Why you shouldn’t hesitate to contact relatives if you if you have good leads, especially with vacant properties
  • Why every deal you do should involve skip tracing
  • Why you should focus on being more targeted whether you’re mailing or calling
  • How to get a tighter ratio of leads to deals
  • The best way to get your footing when you’re just starting out

Resources:

Dec 5, 2017

Tom Wilson bought his first property in 1970 in California and purchased several investment properties throughout the 70’s. In 1999, after thirty years with some of Silicon Valley’s pioneering companies, he learned that his business and management experience enhanced his ability to find and empower teams that locate and manage successful real estate investments where he then turned his new career focus. Since then, Mr. Wilson has bought and sold more than 4,000 units and over $350M of real estate in 6 states, including three condo conversion projects, 13 syndications, 8 multifamily, 11 commercial, and over 600 residential properties.

Mr. Wilson founded and owns Wilson Investment Properties, Inc., a high quality 10 year brand and turnkey provider of rehabbed rental homes, that has provided over 600 investment properties to investors. He is an active contributor to real estate investment clubs, is a frequent speaker on real estate investing, and frequently mentors new investors.

He was invited by the chief economist of Fannie Mae to give presentations three times to management on the role of investors in absorbing non-performing assets, contributing to the industry recovery, and reducing risks on future lending practices.

Mr. Wilson is the host of a weekly radio show on real estate investing on KDOW, a Salem Communications Wall Street Business Network station in San Francisco.

What you’ll learn about in this episode:

  • Why houses are always a good place to start with investing
  • The benefits of partnering with other people on investments
  • Why you should have an exit plan for every investment that you make
  • The difference between buying a building with a long-term lease vs. a multifamily unit
  • The “under the radar” product that a lot of people don’t know about
  • Why — in some cases — it’s better to build rather than try to find a product
  • The #1 metric that everybody uses to determine how good an investment is doing
  • The power of delegating and surrounding yourself with experts
  • Following how the economy is doing and the impact that makes
  • When we can expect our next recession & what we can expect from it
  • Distributing your investments

Resources:

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