18 episodes

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.
Shownotes:
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

The Grab the Map Podcast: Real Estate Investing Info and Advice for All of Us Johnoson Crutchfield

    • Business
    • 5.0, 6 Ratings

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.
Shownotes:
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 18: Introducing Grab the Map Education

    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 grabthemap@gmail.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.

    • 4 min
    Episode 17: Guy Quits His Job for Full-Time Real Estate

    Episode 17: Guy Quits His Job for Full-Time Real Estate

    Barrett Brady bought his first real estate deal in 2016. He's completed 25-30 land, home, and building real estate transactions. His grandfather bought and flipped beach condos. In 2015, he had a weekly one-way three hour drive (six hours) as a beer salesman. He discovered a podcast called Bigger Pockets and listened to 100+ episodes. After a year and a half, he bought his first deal. Tyler Tucker and Chris Winters provided helpful “deal buying” advice.
    [06:00] Real estate enabled Barrett to make a career change at 35 years old, build extra income, build net worth, get more loans, and buy more real estate. He recently quit his job and got his real estate license. The company he worked for changed owners, and he was making a good salary.
    However, he had the option to try something new. He already owned rental properties and was flipping land. Tyler Tucker and Wesley Webb were excited to bring on someone new.
    [08:30] Barrett's real estate background and previous success were the deciding factor. He considers going “full time” the best decision he's ever made.
    Barrett's and Johnson's wives have been 100% supportive.
    [12:00] With coronavirus (COVID-19) school and business closures, Barrett thinks the commercial sectors (malls, hotels, retail) will be hit the hardest. Residential real estate will probably be good with low interest rates. Long term will be good but short term will have problems.
    It may get worse before it gets better, and this is why Johnson prefers rental real estate! The government will help people pay their rent, which makes residential rentals a little safer.
    “You can sell real estate, you can buy it, you can hold it, you can flip it, you can create value where there is no value, you can develop land. There are so many options.”
    [15:15] One of Barrett's favorite deals that he bought a year and a half ago: a 3 bedroom 2 bath, 1700 square feet, in a good area, referred by a friend. A family member had passed away, they didn't want to deal with it. The house had a very big foundation crack. A homebuyer would be skeptical of purchasing.
    Barrett bought with $40,000 cash and agreed to clean everything out. A week later he had a tenant for $1,000 per month. Today, the house is worth $90,000 in its current condition. It was a win-win for everybody.
    [18:40] Barrett learned everything he needed to know about real estate for two years, but took no action. He had analysis paralysis, and finally decide to do something. After that first deal, every deal afterwards gets easier, especially when recognizing problems and making decisions. Sometimes, you need to “just” do a deal, so your success can then snowball!
    Many family members and friends “talk” for years (not always about real estate) without taking any action. Once YOU take action, you will never look back.
    [20:20] Being in a mastermind group has been very helpful, and most members have landed deals directly related from that networking. The group has contractors, investors, business owners, realtors, and lenders.
    [23:45] Barrett likes the books “Rich Dad Poor Dad” and “Cashflow Quadrant” by Robert Kioysaki, especially the concept of having your money work for you.
    Reach out by sending an email to grabthemap@gmail.com.

    • 26 min
    Episode 16: Mentoring Other Real Estate Investors

    Episode 16: Mentoring Other Real Estate Investors

    Mentoring Others in Real Estate
    After you have achieved some success (not necessarily millions) it is your responsibility to mentor others, so they see the possibilities. There is a tremendous need for help moving from space to space.
    One of Johnson's early mentors didn't realize his impact. When trying to get to another level, seek out people who do what you have already achieved what you want, or are headed in that direction.
    [3:10] Find a mentor who can: find money to buy property, finance real estate, find good deals, steer the ship. Johnson was paid the same paycheck, kept spending, and thought he could count on his retirement. After getting into rental real estate, he had opportunities to collect money (and build wealth) outside the 1st 15th day of the month. He could be an employer, not an employee.
    [05:15] Johnson's life changed when he noticed larger checks and greater amounts of money coming in every month. Seeing that over a half million dollar checking account balance, changed his life. Some people are looking for someone else with a similar “why.” He wants to provide for his family and help people.
    [06:45] Real estate does not limit one's reach and impact. Johnson can spend more time with his kids and wife. Real estate has changed his life. But, everything is not perfect! There were failures and missed chances. A house burned down. A contractor stole money. He lost relationships – mentioned in the book Grab the Map. There was strain on his family relationships.
    [08:00] It's not easy, but it's worth it. Johnson tries to see what they're looking for, asks about their goals, and supports them in their goals. He shares what his hopes are. When mentoring, it's important to share successes and failures, but also share what YOUR hopes are for them.
    [09:25] Mentors asked Johnson, why limit goals and dreams? “Why not have a building with your name on the side?” No matter what stage of your business, reach out and help others realize they can achieve more than they thought possible. Hold them accountable and check on their results.
    Email us at GrabTheMap@gmail.com to inquire about Grab the Map Education and about real estate mentoring.

    • 11 min
    Episode 15: What's the Worst Thing that Can Happen

    Episode 15: What's the Worst Thing that Can Happen

    What's the Worst Thing That Could Happen
    Look at your life. Why are you listening to this podcast, developing yourself, improve your mind, seeking information? What's been holding you back from risk and opportunity?
    Forbes asked 21 self-made billionaires five things they wish they had done differently. Many wished they took more opportunities, took more deals and did more business. They wished they spent more time with family.
    What's the worst thing that could happen if you invest in rental real estate or invest in flipping a house? The worst possibility is that you absorb the information and never take action. Even in the middle of the coronavirus crisis, the worst thing that “could” happen, has not happened. The worst decision is to leave things exactly as they are.
    [5:30] Johnson recently spoke to an investor friend who, in the early days, had to give up many of his properties because he had not saved for taxes. That person now owns hundreds of rental units. If not for those early failures, he would not have scaled to where he is now. When we start something, we never lose.
    [07:00] What's the worst that could happen if you lose money? Has there ever been a time where you were not able to find more money? The worst possibility is that you have to start over.
    [10:15] One of Johnson's early investment properties was a house that had been burned up. After a contractor an inspector looked at it, it became clear the deal would lose money, even quickly dumping it. He lost $2,000 on the deal. He could have decided to quit real estate investing. He lost money but gained experience. Namely, just because something is cheap does not mean it's a good deal.
    [13:30] Johnson has lost money, even in the last 60 days! We win some and lose some. The worst is to never win, due to not being in the game.
    [14:30] Perhaps a contractor takes money and doesn't fulfill on his promises? That only means the process needs to change. What if the stock market drops 30%? Take the chance, start that restaurant, have that child, meet that girl/boy.
    [16:10] “When we try something and we learn from it, then go out again and use that knowledge, it usually ends up benefiting us: financially and spiritually. Your business will benefit from education.” Look at what's been holding you back and what makes you hesitate. Johnson has been shy about growing beyond 200 rental units. What's the worst thing that can happen if you Grab the Map?

    • 18 min
    Episode 14: The CoronaVirus and the Real Estate Market

    Episode 14: The CoronaVirus and the Real Estate Market

    The Coronavirus and Real Estate
    Discipline is required to do anything on a consistent basis. There will be a new podcast every week. If you do not see a new episode, email GrabTheMap@gmail.com. This year, we're continuing to buy real estate, add cashflow properties to our portfolio, helping other investors to get into real estate, and helping property owners in the Dallas and Mississippi markets who may need help with property management.
    Right now, the world is suffering from the COVID-19 novel coronavirus pandemic. Hurricane Katrina devastated Louisiana years ago. The BP oil spill. September 11th. This crisis is different from all those because this is worldwide. Whole economies have completely shut down because people need to stay away from the virus.
    [05:00] Wash your hands, use social distancing, avoid going out unless necessary. This event has no timeline and we are not even at the peak. There is panic and uncertainty. The United States only has 1 million hospital beds and only 300,000 hospital beds are available. At the height of this crisis, there may be millions of cases.
    [08:00] Many businesses are changing their model, for example, drive-thru or telecommuting. Online instructions from teachers. Companies and businesses are seeing revenue increases because they have the infrastructure to handle their surge in “virtual” customers. Sunday observed the highest online church attendance in history. The internet is a utility.
    [09:45] Right now, we don't exactly know how this will affect real estate sales or rentals. Real estate succeeds when there is money in the marketplace: saving, renting, moving.
    [11:00] We should expect a recession. There will be less money in the marketplace and less demand. Many municipalities have halted evictions and utility cutoffs. GrabTheMap has eliminated late fees for tenants, and let them know to inform management if they miss a due date. There will be an increase in delinquency and non-pays, but we don't know how far this will go. There will be an effect on rentals and landlords.
    [12:45] Some real estate investors are concerned about ruining bank relationships, rent not coming in, concerned about employees and contractors not being able to provide for their families. Some lenders are waiting to see what will happen. They are talking about how to extend payment deadlines, defer payments and issue forbearances.
    [14:30] It will be more difficult to get financing. Lenders will have stricter guidelines. The credit market will tighten.
    [15:30] We've witnessed the stock market lose 30% value in 4 weeks. Recessions happen! We should have been expecting this all along. Avoid the panic, worry, or regret mindset. Shift into expectation. “When I expect something to happen, I prepare. Have more cash on hand than normal. Have great relationships with our lending partners, municipalities, and residents.”
    [18:00] We can still pay the bills because we have been preparing for a recession. We have been responsible. We are investors, on the lookout for opportunities: owners that want to get out, people that need quick cash, homeowners who can't afford their mortgages. We're still working our relationships and getting requests at GrabTheMap@gmail.com.
    [20:10] Look at what you're doing, your business, and the opportunities that will present themselves. Decide how you will Grab the Map when that happens.

    • 21 min
    Episode 13: How Running a Real Estate Business is Like Running a Marathon

    Episode 13: How Running a Real Estate Business is Like Running a Marathon

    Marathon Not a Sprint
    Working a real estate business is like running a marathon. John likes buying rental real estate that needs fixing up, creating value in that property, refinancing with a bank loan, and renting that property out for the long-term. The tenant ends up paying down the money you borrowed AND you make cashflow on a monthly basis.
    While John was the New York Marathon (26.2 mile race), he realized the similarities to running a marathon.
    [02:00] At some point, there is a decision (commitment) to embark on the journey. The idea has to come from somewhere. When you see others doing it, but you don't have the interest level yet, you might think those people are crazy. Until you have become part of the group of implementers, it's hard to know exactly why you should do it.
    [05:30] After you make the decision, it's time to make a plan and train. You choose a schedule and decide how much to ramp up over time. The key for marathon training is to prepare your body AND mind for your long distance. That training prepares you to overcome obstacles.
    [09:00] “That feeling of excitement as you get started is very similar to how it is when you get started in your real estate investing business. You might buy the first property and have a home run. […] Or you may encounter some resistance, push through it, and get very excited. There is a very similar experience between the two.
    [09:45] Resistance! There will be a point where your body starts to say, “this is a challenge” and your mind starts to doubt why you are out there, or whether or not you can complete the task. “The most important thing I needed to do was find a way to make it work. When you encounter a problem, you don't say that the problem is too big for me to solve. You think about all of the ways you can solve the problem.”
    [11:45] During a marathon, you may need to find ways to surpass the challenges you are present with. There are solutions for these things.
    [13:00] “If we are going to survive in these businesses, we've got to ENCOUNTER the challenges and push through. We may have contractors that don't do what they're supposed to. We may run out of money. We may feel like we don't have the time or energy. Our families [and friends] may not understand what it is we're trying to do. We have to find a way to push through these issues.
    [14:00] There is a point you can look back at the challenges you overcame, and be proud of your success. You can see how much you have done, and are able to see how much your mind has changed and how your view of the world has changed. This is the law of the first win. When you win once, you want to win again. After you execute your plan, but you're not necessarily finished, there is a time to look back and say, “Look how far I've come.” You have surpassed your initial expectations.
    [17:20] Become a sphere of influence in others' network. Others seeking what you have will see you as a resource to learn, grow, and develop their own plan. It is our responsibility as investors to network with all these individuals and to reach back and help others accomplish their goals. It's the cycle of marathoners who help other folks training for their marathon to reach back. Replicate the same thing in our real estate classes, or perhaps teach classes, or mentor other investors.

    • 19 min

Customer Reviews

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6 Ratings

Retiring 2022 ,

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.

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