This podcast is made to work on both mindset and knoweldge of new and established real estate investors alike. The show host is an active real estate investor who offers advice, interviews guests for added perspective, and uses guest feedback to make sure your questions are answered.
Welcome to the Grab the Map Podcast, where we encourage you to invest in rental real estate. Don't just look at it, grab the map.
Have you thought about doing something for a long time, but not acting? Maybe you saw "signs" that it was time to do something but you wanted to educate yourself first: study, work, practice, or talk. I've wanted to start a podcast for a while, ordered materials, thought about my topics and guests, plus how to differentiate.
Since I've begun investing in real estate, I've been helped by many people. They've talked me off ledges when I was ready to quit and helped me with the investor mindset. I want to give back to the community. It's not always easy for me to talk to new groups of people, but what makes it easy is my passion about cashflow and changing perspective.
[3:30] Today's topic: where my mind-frame is. I'm a real estate with many rental properties, primarily in Texas and Mississippi. I like helping people and restoring my community. My workout this morning didn't go as planned, I received negative calls from funding institutions, and some contractors were moving slowly. No day is perfect. If I waited for the "stars to align" to start this podcast, we wouldn't be talking. I would have never started. As you get started (or keep going) in real estate, be willing to re-align even on imperfect days.
[05:55] I'm 32 years old. I've been married 13 years with two children. (On the next episode, I'll talk more about my story.) One of my favorite phrases is: "If it was easy, everyone would do it." It applies to real estate investing, taking action, and creating cashflow. Why doesn't everyone invest in real estate, buying houses, duplexed, triplexes, apartments, and rent them out? If I said you could own a property that pays out $1200 per month with $800 in monthly expenses, and you pocketed the difference, everyone would want that $400 per month!
[07:50] The truth is, dealing with tenants is difficult. What if they don't pay? What if they wreck your house? What if they sue you? What if the tenant disrespects you, trashes your name in the community, has pets, is not clean? What if the toilets, air conditioning, plumbing, foundation or roof go into disrepair? It's not a W-2 that always pays you on a set date every month. You're creating your own paycheck.
[09:20] Everyone's heard horror stories about contractors who take money without working, who don't know what they're doing, or put liens on properties for uncompleted work. What about the contractor who promises a lot but can't complete? Or does something surface-level only? Will you have no time and lose your family? What about financing? How can I buy 5, 50, or 500 houses? How do I get the money AND pay my bills?
[11:25] It will increase your family's net worth, and all of those above fears are true. If it was easy, everyone would do it. We're asking you to find a house worth $100,000, buy it for $40,000, fix it up for $40,000, and have $20,000 equity in that house. Find a deal, which is hard in this market. I never invested during the "easy" times.
[12:20] I want to create an environment where we look at the real things about the real estate investing business, talk about them and develop solutions to these problems. In the meantime, think about this: If it was easy, everyone would be buying houses, fixing them up, and selling them at a profit. It's not easy. You're doing something that most people won't do, so you can live the way most people won't live.
[14:20] Will you take the time to think about why it's hard? Or will you take the di
Episode 23: Partnering Up
In this episode of Grab The Map Podcast, Johnoson talks about Partnering up in Real Estate Business. He discusses the most important factors to consider that will answer to leading questions of when the good time to partner up is, how to partner up, and who to partner up in real estate or in any type of businesses.
WHEN IS THE GOOD TIME TO PARTNER UP?
You should only partner up if the partnership allows you to do something that you are not able to do on your own. It is true that you can achieve anything, but you cannot achieve and do all of them at the same time. Partnering up allows you to accomplish something that you could not accomplish on your own.
Your involvement in a project that you cannot do on your own allows you to scale up and level up in a way that you would not be able to do otherwise. Maybe you don't have the experience that somebody else has like growing a business, managing people, and education. But you have the money or time. Partner up if you have something that you bring to the table that only you can bring to the table, or that that makes you that resource that somebody else doesn't have.
You partner up when your experience or your time or your money meets the need of a partner that also brings something to the table. One of the people brings the money to the partnership and the other person brings the property management expertise to the partnership. That is the type of partnership that you should be looking for.
If you have a proven track record of success with those things, you're ready to partner up. Before that you are not ready to partner up. If your mindset is still limited, if you are life or income stream is not stable, YOU ARE NOT READY TO PARTNER UP.
HOW DO I PARTNER UP?
When you partner, you need to make sure that both parties feel like what they bring to the table is being equally valued. Partner in a way where everybody feels like what they bring to the table is valued.
Partner up in ways that are mutual beneficial. Partner up in ways that allow both people to win. You partner in ways that both people are accountable for holding up their end of the partnership.
WHO DO I PARTNER UP WITH?
Choosing who to partner is very crucial. You really to start identifying people that would bring extreme value to your business, and partnerships that would allow you and your partner to grow in successful ways.
Few rules to consider:
People who have demonstrated a track record of success. Look at the commitments that the person has made in the past. Look at the jobs that the person has held. Search up where they live, and how long they've lived in that location. Ask around about that person.
Partner with people who have a similar ideological belief about life and money, as you do. We should all have a synergy when we partner that allows us to work together
If you are looking to grow in the real business and you believe you have something valuable to the table, get in touch with Johnoson at email@example.com. You can also visit his website to learn more about him and his services at http://grabthemapllc.com/.
Episode 22: Why Real Estate Investing Works
In this episode of Grab The Map Podcast, Johnoson Crutchfield shares his insights on why real estate investing works and proven strategies on how to make it work.
Johnoson Crutchfield is an investor in rental real estate. He provides an online course on real estate success coaching and has a private Facebook Group called Mastermind Group with weekly success calls to discuss all topics real estate.
More people have become wealthy and have grown their wealth from investing in real estate than any other investment tool. But is not something that just happened overnight.
Land is finite and it always has value. It is where we live in. It is where we build our houses, our businesses, different infrastructures etc. As long as we need it, and over the years, there's always something being built and developed on the land, it will continue to grow more and more in terms of value.
Here are some of the reasons on WHY INVESTING IN REAL ESTATE WORKS:
Land asset does not depreciate
- It is a proven strategy that you can buy assets and if you can hold on to them. The real estate that's being developed on the land might need some work, maintenance or improvement but the land value will continue to go up as long there are more people that are born and continue to have a useful need for the land.
No cap in the Income
- There is absolutely no limit on how much you can earn on real estate. It is not like a job that the money you earn is fixed. In real estate, if you're willing to build a business, willing to spend the time, and willing to network and grow a team, there is no cap on the income that can be created from real estate investing business. The potential is unlimited. It is all about the right mindset, work ethic, and sufficient education in the real estate business.
Real Estate Can Allow You to Borrow Money That is Paid Back by Someone Else
- There is no other business where you can borrow more money than with real estate. Banks love real estate. They call real estate as collateral to the bank. It is something that secures their loan. If you bring them a great piece of real estate, and you want to borrow some money, real estate is great collateral. You can borrow a huge amount of money from the banks, make the real estate your collateral, put tenants in them and have them pay your debt. The more tenants paying those debt payments, the more you borrow on good debt. And the more you have other people paying that good debt off, the faster, you will get wealthy.
If you are planning to invest on real estate and wants to get educated to be more prepared with a plan, visit http://grabthemapllc.com/coaching/. You can enroll in the online coaching to real estate success and you can also join their private Mastermind Group in Facebook for more discussions in the real estate business. Rates apply on the online course + Mastermind Group so make sure to check out their website! You can also email Johnoson at firstname.lastname@example.org.
Episode 21: How to Network
In every business, especially in real estate, you may heard of the phrases “Your net worth is your network” or It's not what you know, it's who you know. These phrases tells us that it's important to network. In this episode of Grab the Map Podcast, Johnoson shares some strategies on how to grow your network in real estate or any other businesses.
Real estate is a relationship business. You need relationships with contractors, bankers, insurance agents, investors, buyers and sellers, with all kinds of people. You only get those relationships from networking. Here are some strategies to help you grow your network in your business:
#1 Reach Out to Your Existing Contacts
First thing you do is look at your current network. Look in your contacts, email, and your social media. Start to say hello to the people that you already know. Start to remind the people that you already know what you do, and start to let them know that you care about them. You don't have to immediately tell these people that you're a real estate investor. You just want to create and build genuine relationships where these topics are naturally going to come up.
The goal in networking is to create win-win solutions. It's to create relationships where you can help them and they can help you in mutually beneficial ways.
#2 Common Interest/s of Real Estate Investors
There are places where real estate investors go. There are things real estate investors like to do in common. These are conferences and meet-up groups, local events, social media groups for real estate investors etc. Real estate investors in one way or another have common interact with other people that have that common interests.
In networking, you really want to create some great introductions and you want to support your introductions as well. So practice in your spare time. How do I introduce myself to people that I don't know? Right? Remember, if you prepare, you often will feel less anxiety and less fear.
When you're networking, it's all about branding. Think about how you can attract people to you, and how you are attracted to other people, because that's part of networking.
#5 Join a Mastermind Group
Join a mastermind. Get around people that are already doing the business that you want to do. Mastermind groups have lots of different people with lots of different experiences in real estate. You can bounce off things with difference people that are at different levels. Yes, it will cost time and money but it is also an investment. Joining a mastermind is a great way to network and find link-minded individuals. It will also take you out of your comfort zone.
If you want to grow your business and network, check out their website at http://grabthemapllc.com/
And check their online course to help you narrow down the steps on how to grow your business and network. You can also email Johnoson at grabthemapllc.com to get in touch with him.
Episode 20: When You're Scared to Do a Deal
We've all been doing something that we're very familiar with and it becomes a routine and a pattern where we have experienced some success. But then you're presented with an alternative that you have to deal with and it changes your routine. And that change causes a lot of anxiety, fear and it is definitely scary! In this episode of Grab the Map Podcast, Johnoson shares his three step approach on how to solve fear when you are scared to make a deal.
If this your first time investing in real estate, or your first time investing in a multifamily large project, how do you handle fear when you are scared to make a deal?
Here's a three step approach on how to solve fear when you are scared to make a deal:
#1 Get Educated
When we get educated, it reduces fear. Get an education and get it from somebody you know, like, and trust. Educate yourself about the business. That should be your absolute first step and it should be a quality education. But it is rarely free. It might cost you money and time, but getting an education is fundamental.
Here are some ways you can get a quality education:
Work for a real estate investor that's doing the type of business that you want to do – doing a deal, flipping a house or wholesaling
Pay a mentor to coach you through the real estate business
Enroll in an online course program inclusive of training materials, videos, and tools so you can stay up to date on what it is that you are trying to do.
If you already got the education but you are still scared to do the deal, now it's time to prepare. Part of preparing is having a clear criteria for the things that you do. Opportunities are everywhere and people will try to convince you that what they're doing is an opportunity. So what you want to do is prepare so that when the deal comes across your desk that meets your criteria, you will have a plan to execute. If you have a plan, your fear is greatly reduced and you are most likely to do the deal.
#3 Execute the Plan
You've got the education, prepared a plan, now is the time to execute the plans. It might be scary and difficult but execution is the only thing that will help you get rid of the fear of doing deals. When you're scared to do deal, just do it. The worst things could happen. You may not be able to get the money you expected to make or you might end up not executive your plan 100% with proficiency. But you still gained confidence, education, a confirmation of your plan and the preparation you have made. It will help you be better on the next deal.
You can get educated, prepare, have a plan, and execute, even when you are scared to do deals.
If you want to see the kind of education Grab The Map can offer, check out their online course and Mastermind Group Page at http://grabthemapllc.com/. You can also reach out to Johnoson at email@example.com.
Episode 19: Grab the Map !st Quarter Reflection
How often are you taking the time to pause and reflect on what's happening in your business? How often do you think about what's next for it and ask yourself where I'm at? In this episode, Johnoson reflects about the first quarter of his 2020.
No one could have predicted this pandemic. This COVID 19 pandemic has literally shut all down. People are staying at home, some businesses are open but most businesses are greatly affected by the virus which led to permanent closure of some.
This is a best time to reflect and think how your business is going. What's happening in your business and then plan the next steps.
For Johnoson, here are some of his reflections on the first quarter of his 2020:
As of 1st of May, he has no properties under contract. That is never been the case as he has been growing his business in the past years. But with the current pandemic, it seems like the right time not to be out, putting things under contract and making commitments to come up with money because we don't know what's going to happen. We don't know how long this virus is going to impact the economy.
It's a great time to invest but it is also a great to slow down. And sometimes you need to slow down a little bit in order to speed up.
The slowing down of the acquisition allows his to do some research and figure out the best way to find a good property manager to take in charge of managing the rentals. Part of the real estate investing is the actual property management which is very important.
On the consulting side of things, he wants to have more clients but he also wants to keep the group small enough to where he can work with everybody on an individual basis.
He is managing over 100 rental units at this point and he is at crossroads. Johnoson is reflecting on where to go from here. He is thinking about how big he wants his business to be and the exact types of properties he wants to own.
This type of reflection is what allows him to decide the next steps he should be taking on for his business. YOU need this too!
And yes, he is reflecting this kind of stuff but he is still very active in the real estate space. So if you are interested to get in touch with him, email Johnoson at firstname.lastname@example.org and get to know more about him, his work, and services at http://grabthemapllc.com/.
Episode 18: Introducing Grab the Map Education
Grab the Map Education
Johnson is launching Grab the Map Education. Real estate investing changed his life. In 2019, he started a podcast, then a meetup group, to assemble people who wanted to grow businesses. They can also email email@example.com. Some people in Grab the Map Education are teaching John to make his business better.
Today, it's just $1 for the first month. This will change the way people think about running real estate investing businesses. Find Grab the Map Education at GrabTheMapLLC.com, click Grab the Map Education, enter your email, and we'll get you started with login details.
Customer ReviewsSee All
In it to win it
This is a super podcast for everyone interested in having financial freedom for a lifetime. This is not a get rich quick scheme but a long term plan to establish a financial footprint that can develop into endless wealth. You hold to your course and know assuredly if it was easy everyone would be doing it. Looking forward to future post. Retirement is ahead and investment opportunities in real estate may be the safest and consistent ROI for me.