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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: May, 2018
May 31, 2018

For the last 15 years, Pat Dornan has been a Maryland licensed general contractor. He is also a MD registered home builder, Project Management Professional (PMP), and is EPA-certified for safe lead removal. He bought his first investment property in 2006 and has been a full-time investor for 4 years. Prior to that, Pat was an IT professional for 23 years where he invented the Internet (with 600,000 of his friends).

In January 2017, Pat founded Serenity Software, Inc. and created Ultimate Rehab Estimator to meet a need he saw every day. Investors need to know what to look for and what the repairs/improvements to a property will cost. Contractors simply cannot go to every property with them and do estimates on each one, knowing only 1 in 50 might be closed upon. The investor is on his/her own. Well, they used to be!

All a buyer has to do is measure – exterior or interior and tell the app what they want to do. Repair, replace, build, paint, whatever. Ultimate Rehab Estimator does all of the math, produces a Statement of Work, Bill of Materials, and has a Deal Analyzer to help the investor decide if they might make a profit.

What you’ll learn about in this episode:

  • Tips and tricks investors use when evaluating potential properties
  • The app that can transform your property investment business
  • Which book helps new investors get through the “what now?” phase of each new project
  • How you can learn to evaluate a property for profit on the initial walk through – before you buy
  • The importance of managing expectations when attempting a rehab and keeping them realistic
  • Things to look for that may signify a bad investment
  • Why high-crime areas are rarely good locations for investment properties – no matter how good the deal may look on paper
  • Why you should never leave tools and materials on job sites in questionable locations
  • Why you make your money when you buy, which is why it is so important to choose your investments wisely when you plan to rehab properties
  • Avoiding buying properties in locations that are going to prove difficult for selling rehabbed properties

Resources:

May 29, 2018

Sean is from Salt Lake City, UT and is now a Memphian transplant. He attended the University of Utah on an academic scholarship and received his degree in Biomedical Engineering with a minor in Chemistry. He was working on artificial heart research before his endeavors in Real Estate. He now works with the Memphis Investment Properties team to systematize and streamline every process in the business.

Memphis Investment Properties offers complete turn-key service, minimizing management headaches for investors and making the real estate investment process simple and profitable. Whether you are just getting started or are looking to expand your existing portfolio, the investment experts at Memphis Investment Properties are ready to help you take the next step.

What you’ll learn about in this episode:

  • How Sean got started in the real estate industry
  • What Sean decided to do to be successful when he realized the market in his area wasn’t good
  • The process of setting up a real estate business far away from where you live
  • Tips for getting your name out there
  • The benefits of having two separate, unbiased opinions on a house
  • Different markets where owner financing does and doesn’t work
  • Why investors are comfortable investing with Memphis Investment Products
  • The type of people turnkey companies are beneficial for
  • How the different parts of Sean’s company work together to create a seamless team
  • Helping people who need to buy a property sight unseen
  • What it means to have low capital expenditures and why that’s good for a homebuyer
  • The simple process for quickly getting people into the rental market
  • Two big events Sean is holding this year for people to come check out the Memphis market

Resources:

May 24, 2018

Mike Powell is a creative real estate investor from San Antonio, Texas. He began selling commercial real estate in his early twenties to put himself through college at Texas A&M.

His goal was to make his first million by age thirty. He smashed that goal. Today he specializes in finding private lenders, seller financing, and buying self-storage facilities.

Mike continues to grow substantially year after year and attributes his success to God and his endless desire to keep learning and improving. He says, “I am a reflection of the mentors in my life.”

Tim Macy is an Air Force Veteran and Real Estate Investor. He is a licensed agent with eXp Realty and leader of the Terrell-Macy Group. Tim and his partner Emily bring a unique product to the San Antonio real estate market, offering investors an investor friendly team while providing all of the great marketing and sales of a retail team. Tim is experienced in renovations, rentals, REOs, auctions, owner finance, and many other types of transactions.

What you’ll learn about in this episode:

  • The new revolution coming in the real estate arena
  • How agents can build an income stream with this new revolution
  • How to get paid commission for people under you without having to “babysit” them
  • The importance of a platform for a business
  • Secrets of the trade that have made eXp grow and become successful so quickly
  • Why someone would want to leave their current brokerage for eXp
  • The flexibility that eXp allows brokers to have
  • How eXp fixes the problem of brokers getting tied up in day to day tasks
  • The meaning of gross commission income (GCI) and what it means for brokers
  • The strategy eXp uses to grow as a company and retain their top agents
  • How social media allows the cloud based company to remain a tight-knit group
  • Questions to ask to add people to your team
  • The benefits of monetizing a deal more than once
  • The vast reach of eXp across the United States
  • Pros to being diversified across markets
  • The importance of strong commitment
  • How to get involved with eXp
  • Advice on how to level the highs and lows in real estate
  • Why you need to get out there and get in front of people

Resources:

May 22, 2018

As the owner of Rehabs 2 Riches, Alton Jones has spent his life making connections. Right out of high school, he joined the Los Angeles Police Department and became a police officer. During that time, he had a lot of interesting experiences and met a variety of fascinating people. Now, 30 years later, he’s still a reserve officer.

In 1996, Alton joined Primerica Financial Services and became a licensed life insurance agent, eventually rising to the position of Regional Vice-President. A few years later, things changed. He saw families and good people experiencing tough times due to a bad economy and a terrible real estate market. If things had been a little different, it could have been Alton and his family in the same situation. He knew he wanted to help somehow, to give back. That’s what motivated him to earn his real estate license and establish West Coast Home Buyers, LLC., purchasing and remodeling homes to make them affordable for local homebuyers.

Working alongside his mentor, the legendary Ron LeGrand, 14 years of real estate experience taught Alton two things. First, rehabbing homes is a way to help others, giving them a chance to buy beautiful and secure homes. Second, by working hard and working smart, rehabbing can be highly profitable. These lessons led him to develop Rehabs 2 Riches, a series of courses and books designed to teach anyone how to seize the financial opportunity for themselves.

What you’ll learn about in this episode:

  • The “secret sauce” for financing investment properties without cash or credit
  • Why it’s so important to have a system for identifying, locating, and qualifying potential investment properties
  • Why any location won’t do and why some areas offer greater wealth potential than others
  • Why “trust but verify” is an important concept for high-end real estate rehabs
  • The importance of building relationships in this business (with real estate agents, contractors, private lenders, etc)
  • Why it’s important to be selective in choosing properties rather than taking on every project that lands at your feet
  • Methods Alton uses to get financing for high-end rehabs without going to his own creditors or coffers
  • The lesson you can learn from Alton’s nightmare project
  • Why choosing your contractors wisely matters and why choosing the wrong contractor may cost valuable time and money
  • Investing in your education to make money in real estate
  • Why Alton believes your success begins with a plan
  • The importance of exposing yourself to the type of people you want to become, to achieve the success you desire

Resources:

May 17, 2018

Real Estate investors in all fifty states across Canada and fifteen foreign countries including as far away as Australia and New Zealand have long regarded the training, systems, and forms created by Louis Brown as the best in the industry.

Quoted as an expert by many publications and authors, “Lou” draws from a wide and varied background as a real estate investor having been buying property since 1976. He’s invested in single-family homes, apartments, hotels, developed subdivisions and built and renovated homes and apartments. Each of these experiences has given him a proving ground for the most cutting-edge concepts in real estate today.

He’s widely known as a creative financing genius with his deal structuring concepts. Being a teacher at heart he enjoys sharing his discoveries with others.

He has served the industry in many volunteer positions such as past President and designated lifetime member of the Georgia Real Estate Investors Association, the world’s largest real estate investor group. He is also founding President of the National Real Estate Investors Association, which serves as the umbrella association of local investor groups.

Husband, Father, Author, Lecturer, Inventor, Investor, Builder, Designer, and Real Estate Expert are all descriptions of this exciting trainer.

What you’ll learn about in this episode:

  • How the real estate business keeps changing
  • Why it’s so critical to keep up with those changes
  • Why land trusts are a foundational aspect of real estate investment
  • How a trust protects personal and business privacy and security
  • How trusts can protect your assets during the process of gifting and inheritance
  • Why some attorneys may not know how to best protect your land
  • How to take yourself out of the public record in any name you desire
  • How trusts are able to obscure your net worth so you aren’t an easy target

Resources:

May 15, 2018

With extensive real estate experience, Mike Wallace helps buyers and sellers meet their real estate objectives. He has a broad knowledge of communities located within the Southeastern Wisconsin area and works diligently on his clients’ behalf to make their home buying or selling experience a pleasant and successful one. He is committed to helping people sell their home or property in a timely fashion while attaining the highest possible price for their real estate.

What you’ll learn about in this episode:

  • Mental roadblocks that prevent people from going after private money and what you can do to overcome them
  • Options to consider once the initial term of the investment is up that continue to make you money as the investor
  • Reasons selling notes is something investors might wish to avoid
  • Why smaller banks are preferable to larger banks for getting financing that is a little outside the box
  • Why private lenders are even better for getting creative financing that goes more than a little outside the traditional lending box
  • How real estate investors really win when they have people competing to offer them money
  • The reason bringing in a bookkeeper may be the most important thing you can do when just starting out
  • The importance of building relationships when investing in real estate
  • Creating a rinse and repeat formula for your business and why it’s the real difference maker
  • Things to avoid when dealing with traditional lenders, like prepayment penalties

Resources:

May 10, 2018

Craig Melby’s core mission is helping companies prosper by picking the best facilities and negotiating the best, most flexible lease terms. He has been an Investor, Lease Negotiator, Site Selector, Speaker, Author, and Entrepreneur for 35+ years.

Craig performs commercial lease consulting for clients nationwide, and his companies provide unmatched resources and advice for facility expansions, relocations, lease extensions and other Facility/Landlord issues.

Craig has been in the commercial real estate industry for more than 35 years and currently holds the industry’s top designation: Certified Commercial Investment Member (CCIM). He is also a former member of the Society of Industrial and Office Realtors (SIOR).

What you’ll learn about in this episode:

  • How to begin on the path of commercial real estate investing
  • Boosting your profit and return by identifying the right site for your business
  • How to move your business from your garage
  • The differences between a residential and commercial lease
  • How to negotiate tenant improvements with landlords
  • Why properly negotiating early on will lead to tremendous benefits later
  • How to avoid running out of time while building out your property
  • Why it may be beneficial to have a professional negotiate on your behalf

Resources:

May 8, 2018

Leila Khan is an international author, soul-awakening speaker, and creator of The Trailblazer’s Mentorship for individuals invested in their personal development who want to reach the next level in their personal and/or business life. She teaches and awakens self-mastery within each individual to energize their human spirit so that they can experience the deep well of inner potential for a happy, meaningful, and satisfying life.

What you’ll learn about in this episode:

  • How taking responsibility for yourself will lead to success
  • Why changing your mindset matters in terms of habit and personal responsibility
  • How fear can cause you to hold yourself back and limit your success
  • Why you may need to identify previously unknown fears to conquer them
  • How self doubt can lead to missed opportunities even for those who are otherwise skilled
  • How giving yourself positive affirmations can help you through a frightening problem
  • Why tapping into your subconscious may be critical for personal evolution
  • Why you need to take action to control your fate, as well as celebrate when you succeed

Resources:

May 3, 2018

Kay Sanders, known as the Creator of Possibilities, is an Intuitive Business Coach, Certified Akashic Record Consultant, and Bestselling Author. Kay helps conscious entrepreneurs find that missing piece to create momentum in their Business and reignite their Manifesting Mojo so they can make a difference in the world, create more freedom in their life and tap into the magic and power of manifesting their hearts desire.

What you’ll learn about in this episode:

  • Why Kay moved from Germany to the United States to follow the American Dream
  • How she didn’t give up even in the face of adversity, instead turning her challenges into triumphs
  • Why anything is possible in business and in other areas of life
  • The only person who is holding you back from success in your business
  • How to overcome income challenges and figure out what’s holding you back from earning more money
  • Why addressing personal development is absolutely essential for every entrepreneur and business owner
  • Whether affirmations and self talk matter
  • What law of attraction is and whether it matters
  • Why mindset is just as important as taking action in business
  • How to know if your mindset is what’s holding you back from your goals and dreams
  • Ways to overcome mindset challenges, including strategies like tapping, also known as EFT (Emotional Freedom Techniques)
  • Why it’s so important to have a coach or expert to guide you to success
  • How you can start all over each day, no matter how things turned out in your business and in your life before now
  • Why building an email list is essential, and how to do that
  • How to get a year of daily emails containing uplifting inspirational quotes from Kay’s book with messages of inspiration

Resources:

May 1, 2018

Keith Baker began painting houses in high school and worked construction through college, renovating houses in addition to performing rental make readies and rehabbing flips for investors while earning a degree in Philosophy and German. He never took a class in real estate, finance, accounting or business. Everything he’s learned about business, real estate, and lending has been through practical experience: successes and failures.

He started his own construction/general contractor company after college. After closing his contractor business, Keith worked as a Construction Manager at McGuyer Home Builders (Pioneer and Plantation Homes). When the housing market peaked and began to crumble, he jumped head first into a field position with an oilfield service provider: Schlumberger and then parlayed my oilfield knowledge into a career as an energy loss adjuster.

When Keith decided to invest in real estate, he hadn’t yet developed the confidence to speak to sellers, so he bought his first investment property from his parents, just to get things moving. He and his wife then house hacked their way through their starter home, which we slowly flipped for a nice profit. Then Keith decided it was time to become a landlord, which was a painful experience.

Because he travels so much for a day job that he actually enjoys, Keith converted an old 401(k) into a self-directed IRA (with Quest IRA) and began private lending to local real estate investors to keep himself in the real estate investing loop, close to the action, and to expand his network. Through private lending he bought my first rental property from a potential borrower and met his partner, Landon. Together he and Landon formed Asset REI, which focuses on providing owner financing for both buyers and properties that are neglected and overlooked by the conventional “too big to fail banks.” Thus they become the bank!

What you’ll learn about in this episode:

  • How you can be a private lender
  • Keith’s past and the path that led to him becoming a real estate investor
  • The deal that got Keith started in private lending, and how the process works
  • How you can be involved with rehab without taking the associated risks
  • Different scenarios and types of loans Keith works with
  • Why investing in real estate can be a better option than the stock market for many people
  • How to mitigate the risk in real estate investing
  • Why it has been tough to find good deals lately
  • An example where foreclosure wouldn’t be a good option
  • Why loaning money can be easier and more effective than renting
  • The least active way to earn money in real estate
  • How Keith turned his dream and passion for teaching into a reality
  • Why everyone could benefit from having more private lenders in business
  • The two rules Keith teaches all his students
  • Why you should never be afraid to say no
  • How Keith plans to scaffold his education business to ensure quality
  • Avoiding the trap of the imposter syndrome

Resources:

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