Passive Wealth Strategy Show - Real Estate for Busy Pros PassiveWealthStrategy.com

Mark is a real estate investor with a passion for renovating historic buildings and improving property management. He came into real estate mostly by chance. In his early twenties, he worked as a musician before he transitioned into construction and property management. He learned construction by renovating his single-family house and the various investment properties Phoebe and he have renovated/managed along the way.


 


[00:01 - 04:38] Opening Segment


Get to know Mark Davenport

How Mark and his wife got into real estate

Kansas City Real Estate


 


[04:39 - 09:52] Working Together


What makes Mark unique is…

Looking for something with potential and excitement!

Mark’s Real Estate Mindset

“We work on it together.”


 


[09:53 - 23:31]  They Bought a 12 Story Tower!


How to Get Your Mindset in the Right Place

Internal State versus Decision-Making

Real Estate in the United Kingdom

How to Get Over Rejection

Mark’s Rejection Stories

Recognizing Value Differently

The Types of Deals Mark Invests In

At the Beginning of The Historic West Bottoms


 


[23:22 - 30:22] Closing Segment


Quick break for our sponsorsGroundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.




What is the best investment you've ever made other than your education?Single family to a duplex




Mark’s worst investmentSingle family homes





What is the most important lesson that you've learned in business and investing?“Just take the next step.”




Connect with my guest. See the links below.


 


Tweetable Quotes:


“You can always make the next step.” - Mark Davenport


“I like to be at the beginning.” - Mark Davenport


“You just gotta do it.” - Mark Davenport


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Connect with Mark Davenport through hello@levareproperties.com, Instagram and LinkedIn.  Visit their website https://www.levareproperties.com/.


 


Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/


Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms. 


LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.                   

Dan Barrett is the founder and Head Nerd at AdWords Nerds.  His unique approach to finding motivated sellers – combining online marketing best practices with rapid data collection and intense focus – helped dozens of clients grow their investment businesses while spending less time on their marketing.  Today, Dan’s focus is on research and development – finding the next big online marketing channel for investors. He also runs the REI Lead Gen Mastermind, a high-level coaching program that teaches investors the skills they need to market online.


 


[00:01 - 11:40] Opening Segment


A quick recap of yesterday’s conversation with Daniel Barrett

Why everybody hates big tech

Apple saw an opportunity with big tech

Running Facebook advertisements

Emergence of short-term closing ad tracks


 


[11:41 - 17:09]  Do More Deals with Better Marketing


Predicting the track records of people in Facebook

The Facebook Algorithm

How online data can affect you in 10 years

Creating our own products

Technology changes people: How you can figure it out slowly to your advantage

For the average investor, this is enough


 


[17:10 - 30:25] Closing Segment


Quick break for our sponsorsGroundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.




What is the best investment you've ever made other than your education?Getting an office separate from his house




Dan’s worst investmentSelf-educating and not realizing that all systems are unique 





What is the most important lesson that you've learned in business and investing?“I am always relearning.”

“Attention to detail and consistency.”




Connect with my guest. See the links below.


 


Tweetable Quotes:


“To what extent do we want black boxes making decisions that affect the outcome of our lives?” - Daniel Barrett


“Really know your industry and your business. ” - Daniel Barrett


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Connect with Daniel Barrett through LinkedIn.  Visit their website https://adwordsnerds.com/ and listen to his podcast ‎REI Marketing Nerds.


 


Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/


Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms. 


LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes                   

Dan Barrett is the founder and Head Nerd at AdWords Nerds.  His unique approach to finding motivated sellers – combining online marketing best practices with rapid data collection and intense focus – helped dozens of clients grow their investment businesses while spending less time on their marketing.  Today, Dan’s focus is on research and development – finding the next big online marketing channel for investors. He also runs the REI Lead Gen Mastermind, a high-level coaching program that teaches investors the skills they need to market online.


 


[00:01 - 05:03] Opening Segment


Get to know Daniel Barrett

Dan talks about AdWords Nerds

Why Dan likes to focus on real estate and RE investors


 


[05:04 - 11:31] The Advertising Market Today


What is pay-per-click advertising?

Changes in the real estate advertising market

Dan shares his experience in advertising 

The Breakthrough Advertising Book


 


[11:32 - 20:43]  Marketing for Real Estate Investors


All you have to do as a seller

“Here is why you should choose me!”

Being different and offering unique but relatable services

We’re in a Different Market and Here’s What You Have to Know


 


[20:44 - 32:50] Facebook and Google Advertising


Quick break for our sponsorsGroundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.





The changes with Facebook, Google, and iOS advertising“Nobody knows where this is going right now.”

Facebook versus Google




If you don’t pay for the website, you’re the product


 


Resources Mentioned:


Breakthrough Advertising


 


Tweetable Quotes:


“Know the industry you’re in.  Know the market that you’re in.” - Daniel Barrett


“Relationships with clients to sellers change over time depending on how saturated or unsaturated your market is.” - Daniel Barrett


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Connect with Daniel Barrett through LinkedIn.  Visit their website https://adwordsnerds.com/ and listen to his podcast ‎REI Marketing Nerds.


 


Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/


Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms. 


LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes                   

Sharad Mehta is a very active real estate investor who founded REsimpli, a cloud-based system that makes real estate investing more efficient by automating tasks and helping investors manage their business more efficiently. Sharad has done over 400 deals in the last 6 years since he became a full-time real estate investor and over the years he has developed systems to automate many parts of his real estate investing. Sharad is a very active investor in Lake County, Indiana market and he manages his entire business from Carlsbad, California, where he lives. Using the systems that Sharad has developed, he is able to manage 3-4 rehabs a month from a distance. 


 


[00:01 - 05:46] Opening Segment


Get to know Sharad Mehta

Sharad and his Australian dollars

Beginning real estate and starting his own software company


 


[05:47 - 10:04] Forty to Fifty Flips a Year


How to Do Forty to Fifty Flips a Year

Sharad’s Time Spent in Each Flip

One Good Thing in Chicago!

Is it Too Early in the Business?


 


[10:05 - 30:17]  Flipping Real Estate Out of State in 2 Hours a Month


Sharad talks about The E-Myth

Why you should start documenting and the advantages of documenting

How Sharad manages his software company

“We’re a little bit more picky about deals”

How Sharad is going to rebuild his business someplace else

Changing variables in marketing teams

Documenting and making a checklist

Finding a good contractor

A Unique Closing in Tanzania 


 


[30:18 - 37:08] Closing Segment


Quick break for our sponsorsGroundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.




What is the best investment you've ever made other than your education?10-Unit Property Wholesale




Sharad’s worst investmentLosing $20,000 in a deal in an unfamiliar area





What is the most important lesson that you've learned in business and investing?“Just be better at one thing than anybody else.”




Connect with my guest. See the links below.


 


Resources Mentioned:


The E-Myth


 


Tweetable Quotes:


“Start documenting things in your business even if you feel like you don’t have time for it.” - Sharad Mehta


“People lie, numbers never lie.” - Sharad Mehta


“Take one thing, everything outside of that is noise.” - Sharad Mehta


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Connect with Sharad Mehta through LinkedIn.  Visit their website https://resimpli.com/.


 


Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/


Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms. 


LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes                   

Monick Halm is the founder of Real Estate Investor Goddesses. She is an educator and advocate for female real estate investors, and has a mission to help 1 million women achieve financial freedom through real estate. Monick is herself a real estate investor and syndicator, and owns, together with her investors, over 1300 rental doors across seven states.  She is also a #1 bestselling author, podcast host, Real Estate Strategy Mentor, wife, and mother of three amazing kids.


 


[00:01 - 04:16] Opening Segment


Get to know Monick Halm

Monick talks about what she has been up to recently


 


[04:17 - 10:42] Quick Rewind in REI


“I was an accidental investor!”

Monick shares the story of her first real estate investment, a house hack

House hacking before knowing it was a thing

A blessing in disguise in 2008

A conversation that completely changed Monick’s real estate game

Monick and her husband’s first syndication


 


[10:43 - 22:58] Thriving Through The Pandemic As A Real Estate Investor & Educator


Monick’s past and current investments

An asset that made Monick say, “Good for us and our investors, terrified me as a buyer!”

Triple Net Leases in Industrial

Mindsets, Strategies, and Opportunities

“How can I use this to take me higher?”

The Best Asset in 2020

Monick talks about a book her father gave her that changed her life

Unsane in every way and how Monick powered through


 


[22:59 - 32:05] Closing Segment


Quick break for our sponsors
Groundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.




What is the best investment you've ever made other than your education?
In relationships




Monick’s worst investment
Investments where she did not trust her intuitive guidance





What is the most important lesson that you've learned in business and investing?
“Trust that intuitive wisdom inside of me.”




Connect with my guest. See the links below.


 


Tweetable Quotes:


“I truly believe that life happens for me, not to me.” - Monick Halm


“I invest a lot in being around other people that will take me higher.” - Monick Halm


“Trust that inner voice.  Trust my intuition.” - Monick Halm


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Connect with Monick Halm through Instagram and LinkedIn.  Visit their website http://www.reigoddesses.com. 


 


Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/


Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms. 


LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes                   

Richard Allen is a Husband and a Father and he has always been an entrepreneur.  He loves to positively impact people's lives and disrupt markets.  Rick's current projects both revolve around the distressed debt market and disrupting how mortgage notes are traded.  His company Paperstac, is the first fully digital online process for buying and selling mortgage notes.  As a co-founder at MWM fund, Rick and his team focus on deploying capital in the distressed debt space with the goal of managing for economic returns and social impact.


 


[00:01 - 03:37] Opening Segment


Get to know Richard Allen

A Real Wild Ride: Life and husband as a father of 3

Starting real estate in 2005 and becoming the owner of Paperstac


 


[03:38 - 11:05] Note versus Stock Investing


Comparing and Contrasting Notes and Stocks

“At least my money is secure to a certain degree!” 

Why you should try note investing

Must-Know Exit Strategies For You


 


[11:06 - 22:57]  Become the Bank with Notes


What are you in this for?

Rick talks about Paperstac’s services

The safest thing to do when note investing

Note Investing Average Time Investment

Due Diligence and Performing LoansYou can literally do nothing!




Performing versus Non Performing LoansWhy getting the right servicer and attorney changes the world




The Attorney and the Servicer

Operation Squeaky Wheel


 


[22:58 - 31:37] Closing Segment


Quick break for our sponsorsGroundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.




What is the best investment you've ever made other than your education?A keen to details deal




Rick’s worst investmentA huge house in Kentucky





What is the most important lesson that you've learned in business and investing?“Get yourself educated.”

Give extra attention to the details.




Connect with my guest. See the links below.


 


Resources Mentioned:


NoteSchool

Real Estate without Renters


 


Tweetable Quotes:


“You have to know ‘what’s my investment goal?’.” - Richard Allen


“If you look at something, the due diligence is the most important thing when you buy a loan.” - Richard Allen


“A devil is in the details… Really look at all the details and all the angles in an investment.” - Richard Allen


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Connect with Richard Allen through hello@paperstac.com and LinkedIn.  Visit their website https://paperstac.com/ or Youtube.


 


Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/


Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms. 


LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes