Discount Property Investor Podcast David Dodge & Mike Slane

In this captivating podcast episode, David Dodge and his guest, Chris Arnold, delve into the world of real estate investing and the personal struggles that often accompany the journey of high-achieving entrepreneurs. Chris shares his powerful story of overcoming benzodiazepine addiction, hitting rock bottom, and ultimately finding healing through unconventional methods such as microdosing ayahuasca. The conversation explores the destructive behaviors and emotions that stem from childhood trauma and the pressure to prove oneself, leading to a performance-based self-esteem. Chris emphasizes the importance of radical honesty, seeking support, and embracing community in navigating the complexities of life. Throughout the episode, listeners will gain valuable insights into personal growth, the power of brotherhood, and the potential for healing beyond traditional Western thinking.

Key Takeaways

Gain real estate investing strategies from experienced house flippers David and Mike.
Follow Chris Arnold's journey from brokerage to investing, education, and running a brotherhood for high-achieving entrepreneurs.
Understand how destructive behaviors in high-achieving entrepreneurs often stem from underlying pain and childhood trauma.
Explore how male entrepreneurs' self-worth tied to business success can lead to emotional disconnection and strained relationships.
Hear Chris's story of hitting rock bottom and overcoming fear and inadequacy by shifting to a higher vibrational frequency.
Learn about Chris's struggle with benzodiazepine addiction, withdrawal, and his unconventional recovery through microdosing ayahuasca.
Discover the importance of community, brotherhood, and seeking support for personal growth in entrepreneurs.

 Chris's Qoute:
"The question that I've learned to ask when we have these behaviors in our lives, and particularly we see them in other people, is not why the behavior, but why the pain."   Chris's Socials: Youtube: /chrisarnoldrealestate Instagram: @rei.radio  

Chris's Website:https://simplifiersbrotherhood.com/

In this podcast, real estate investors David Dodge, Matt Kamp, and Vince Hall share their experiences and insights from successful property deals. They discuss how networking and collaboration can lead to profitable opportunities, such as a $47,000 flip completed in just three weeks. The team also explores strategies for revitalizing distressed properties and creating dream homes for buyers. Throughout the episodes, they emphasize the importance of building strong relationships, finding accountability partners and mentors, and leveraging joint ventures. The biggest lessons shared include trusting the process, learning from experience, and recognizing that solving problems in real estate can lead to handsome rewards. The podcast encourages listeners to take consistent action and surround themselves with a supportive community to achieve success in real estate investing.

 

Key Takeaways:


Collaborative success with Dodge, Camp, and Hall.
Networking leads to profitable opportunities.
Assisting elderly couple for profit.
Transforming distressed properties into dream homes.
Importance of strong relationships with lenders and contractors.
Value of accountability, mentorship, and collaboration.
Lessons: trust the process, leverage networks, solve problems for profits.

 If you are looking for a little more guidance on your real estate investing journey and would like some mentorship along the way, you can join our "Real Estate Skool" Community!    (Right now it's only $27/mo to join but the pricing will be going up to $97/mo very soon!)   

In this podcast, Kristen Allen shares her inspiring success story in real estate wholesaling. She discusses her journey as a probate investor, from overcoming hesitation to consistently working leads, which led to closing a profitable deal. Kristen shares details of a house flipping venture where she recouped her $36,000 investment and netted a $30,000 profit, totaling $73,000 in revenue.

She emphasizes the importance of building rapport with sellers and shares how she secured a deal by offering additional assistance. Kristen also discusses a successful house flip in Chesapeake, Virginia, where she partnered with a joint venture investor to purchase, renovate, and sell a distressed property for a profit of $33,000 in just two and a half months.

Throughout the podcast, Kristen highlights the importance of preparation, building relationships, trust, and persistence in real estate investing. She offers valuable advice for new investors, encouraging them to stay positive mentally and be prepared with paperwork and outside partners.

Key Takeaways:

• Kristen Allen's real estate wholesaling success: hard work pays off.

• Building rapport and offering assistance seals deals

• House flip: $73,000 revenue, $30,000 profit after investment

• Acting fast on referrals and joint ventures speeds up processes.

• Handling surprises like bedbugs, negotiating price reductions. • Partnering with joint venture investors for distressed properties.

• House flips benefit sellers, investors, contractors, agents, and buyers.

 

Check out our Real Estate Skool: www.reiskool.com

Join host David Dodge in this episode of the Discount Property Investor podcast as he welcomes Aaron Eller, a successful real estate investor and one of his students, to discuss Aaron's journey in the real estate market. Aaron shares his recent achievements, including closing a deal that earned him nearly $30,000. Born and raised in St. Louis, Missouri, Aaron recounts his transition from a typical middle-class upbringing to entrepreneurship, emphasizing the importance of taking risks and seeking guidance from mentors like David. Tune in to learn about Aaron's latest deal, negotiation strategies, and insights into the world of real estate investment.

Show Notes:


Aaron Born and raised in St. Louis, Missouri, Aaron shares his journey from a typical middle-class upbringing to exploring entrepreneurship. Dissatisfied with the corporate world after interning in finance, Aaron sought a more fulfilling path. Aaron explains his transition to real estate wholesaling after realizing the limitations of traditional investment routes like buying rentals.
Real Estate Success at a Young Age Aaron has already closed around 10-11 deals, making significant profits. He discusses his latest deal, a distressed property he found through outreach, and the negotiation process.
Aaron shares insights into negotiating directly with sellers, understanding their motivations, and securing profitable deals. He discusses a deal where he negotiated remotely, emphasizing the importance of effective communication.
Lessons Learned and Advice for Aspiring Investors. Aaron and David discuss the simplicity of the real estate business and the necessity of hard work and persistence. Aaron emphasizes the importance of taking action, seeking mentorship, and learning from experiences.

Highlights


Aaron Eller, a 21-year-old real estate enthusiast, shares his journey from working as a server at Olive Garden to closing profitable real estate deals.
Aaron emphasizes the significance of taking risks and seeking guidance from mentors like David Dodge.
Learn about Aaron's latest deal, where he earned nearly $30,000 through wholesaling a distressed property.
Discover negotiation strategies and insights into real estate investment from Aaron's successful deals.
Gain valuable advice for aspiring investors, including the importance of taking action and learning from experiences.

 

Join our mastermind today:

https://www.discountpropertyinvestor.com/mastermind

Welcome to Discount Property Investor Podcast, where we delve into the world of real estate investing and the crucial aspect of taxes. In today's episode, Dave and Mike dive into the world of tax strategies for real estate investors. They explore the Augusta rule, which allows tax-free rental income for personal residences, and discuss the benefits of depreciation for reducing taxable income. The duo also delve into the advantages of having an LLC, the differences between 1099 and W-2 income, and the importance of properly reporting contractor expenses using W-9s and 1099s. Join Dave and Mike as they share their insights on minimizing tax liability and maximizing the benefits of real estate investing.

Episode Highlights:

• The Importance of Tax Knowledge for Real Estate Investors

• 1099 Forms and W9s

• Learning the Rules of the Tax Game

• Maximizing Tax Efficiency

 

As real estate investors, mastering the tax game is essential for financial success. From issuing 1099 forms to understanding deductions, every aspect of tax compliance plays a vital role in preserving investment returns. By staying informed and seeking expert advice, investors can navigate the complexities of the tax landscape and ensure their financial well-being

 

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Adrian Smude got his start in real estate in 2002 when he was evicted which led him to become a landlord. After 11 years of being a hobby landlord, he discovered his passion for real estate investing by attending a real estate investor meeting. He tapped into the untapped gold-mine of mobile homes and has been following that path ever since. He is a member of three mastermind groups, including a high-level mastermind which he hosts. He is the author of the bestselling book How to Buy Mobile Homes and he travels the country teaching and sharing his secrets for success.

Connect with Adrian:

Personal Facebook: https://www.facebook.com/adrian.smude

Lifestyle REI Facebook: https://www.facebook.com/LifestyleREI

Instagram: https://www.instagram.com/lifestyle_rei

Linkedin: https://www.linkedin.com/in/adriansmude/