297 episodes

Learn how to start or scale as a real estate investor, get your questions answered (email them to george@reiclub.com), and learn from the pros' and their house flipping disasters. Sign up for a free account at REIClub.com/pod

REIClub | Real Estate Investing Podcast REIClub.com + George Uno

    • Business
    • 3.5 • 66 Ratings

Learn how to start or scale as a real estate investor, get your questions answered (email them to george@reiclub.com), and learn from the pros' and their house flipping disasters. Sign up for a free account at REIClub.com/pod

    Wholesaling Beginner Blues (Michael McDonald)

    Wholesaling Beginner Blues (Michael McDonald)

    I have to confess that I'm guilty of this.
     
    Wholesaling houses is often presented as the easiest way to get into real estate investing. 
     
    Sure it doesn't require much capital and it can generate incredible profits.
     
    But the truth is that for beginners, wholesaling can be tough, scary, and even a little intimidating.
     
    Michael McDonald started wholesaling a few years ago in a small midwest market, but he's grown that into a team that does deals all across the country.
     
    What I loved about interviewing Michael was his openness to share his struggles (5 months of prospecting with 0 deals) and how he got through the struggles and on to closing 6 deals in the next 6 months.
     
    ⏰ TIME STAMPS ⏰
    00:50 Michael McDonald Gets into Wholesaling
    02:15 Experience with Real Estate Gurus
    03:07 Investing in Real Estate Education
    05:51 Breaking Your Own Beliefs
    08:06 Maxing Out Credit Cards for Education
    09:50 When to Quit Your 9-5
    12:07 From Solo-Preneur to Partner
    14:03 What Makes for a Good Partnership?
    17:21 Going from Doing to Managing
    19:06 Learning Leadership on the Job
    21:30 How to Hire for Real Estate Investors 
    23:19 What KPIs Matter in Wholesaling Real Estate
    26:04 The Best Marketing for Motivated Sellers
    29:20 The Reality of Wholesaling Real Estate

    • 35 min
    Do You REALLY Need a Permit? (Justin Dossey)

    Do You REALLY Need a Permit? (Justin Dossey)

    When you're flipping a house, do you REALLY need to pull a permit?
     
    On Justin's first flip he didn't pull a permit and tried to do his renovations quickly, which makes for a great story for us to learn from. Let's just say his answer to the age old question has flipped around since that deal. 
     
    Justin is the head of Ballpoint Marketing and Call Porter, two companies they use in their own real estate investing businesses (operating in multiple states) that you can put to work in your business as well. 
     
    Ballpoint Marketing - Handwritten (by robots) direct mailing service for real estate investors https://reiclub.com/Ballpoint
     
    CallPorter - US based call answering service for handling inbound phone calls from motivated sellers https://reiclub.com/CallPorter
     
    ⏰ TIME STAMPS ⏰
    00:00 Justin Dossey - Ballpoint Marketing
    00:45 Call Porter & Ballpoint Marketing
    02:00 Why Direct Mail Is Coming Back
    05:00 Omnipresent Marketing
    06:30 Adding value BEFORE the sale
    07:12 Relational Sales vs Hard Push Sales
    08:42 Big Data & Direct Mail Response Rates
    11:52 Flipping Condos
    16:36 What NOT to do in Real Estate
    20:40 Should you pull a building permit?
    22:02 Direct Mail + Inbound Call handlers
    25:09 Real Estate Investing Challenges
    29:18 The Obstacle Is The Way
     
    Watch This Video on REIClub.com: 
     https://reiclub.com/real-estate-podcasts/flipping-houses-need-a-permit
     

    • 32 min
    Love Yourself Like Your Dog (Brad Chandler)

    Love Yourself Like Your Dog (Brad Chandler)

    Brad Chandler knew he never wanted to work for someone else, so when an investor flipped Brad's neighbor's house he saw the potential. So every night after putting his son to bed Brad would place bandit signs and hand address envelopes to find his first deal. After a few months he still didn't have a deal, but he stayed persistent and after 8 months of searching he landed 6 deals and quit his job.
     
    That's when a few tips from his real estate mentors helped him take off. From "We Buy Houses" signs in every front yard, to advertising deals as "Handyman Specials" (from Ron LeGrand's cassette tapes) Brad's marketing machine began to pick up steam.
     
    Then one day Brad was working with a coach for his son, when the coach noticed that Brad had a nervous tic when recalling his childhood memories. That's what started Brad on the pursuit of happiness, which took him back to his childhood to confront some of the traumas he faced. It turns out the secret to happiness is exploring your subconscious mind and learning to control the thoughts that it spews out.
     
    But when Brad looked around, he saw a lack of self-love everywhere he went. Alcohol abuse, drug addiction, and failing marriages are some of symptoms of subconscious unhappiness. So Brad set out on a mission to help every entrepreneur learn to love themselves and be happier. So join his Facebook Group and take his 60-Second Self-Love quiz with the links below.
    The 60-Second Self-Love Quiz
    https://bradchandler.com/love
    How to Be Happier (for Entrepreneurs) Facebook Group
    https://www.facebook.com/groups/howtobehappy/
     
    ⏰ TIME STAMPS ⏰
    00:00 Brad Chandler - Real Estate Investor
    03:20 Dead End Job
    04:30 First Deal
    05:40 Real Estate Mentors
    07:10 Ron Legrand Cassette Tapes
    08:45 Ask This Question
    10:10 Scaling Up
    12:30 Implementing E-Myth
    13:40 Money Pits
    15:45 Childhood Programming
    17:40 Subconscious Unhappiness
    19:07 Brad's Mission
    23:15 Happy Childhood
    26:15 Fight or Flight and Creativity

    • 31 min
    Dark Side of Real Estate Investing (Tony Javier)

    Dark Side of Real Estate Investing (Tony Javier)

    What are the pros and cons (or downsides) of real estate investing?
    The pros of real estate investing are pretty well known, the ability to use leverage (debt) to buy properties that generate passive income (cashflow) that also appreciate in value (equity) while giving tax benefits (depreciation).
    But every investment has its cons, some of real estate's downsides are market volatility, bad tenants, vacancies, maintenance, and legal/regulatory issues. Basically it comes down to tenants, toilets, and termites.
    Tony Javier's career as a real estate investor was almost derailed by those downsides. Luckily he didn't listen to the naysayers and dove right in, acquiring 10 rental properties in just a few years using the BRRRR method.
     
    ⏰ TIME STAMPS ⏰
    00:00 Tony Javier - Real Estate Investor TV consultant
    01:00 Carleton Sheets - Real Estate Infomercial
    02:03 BRRRR Method Success
    04:57 Dropping out of College
    06:30 Toilets & Tenants
    07:35 Worst Deal
    17:06 TV ads for Real Estate Investors
    22:00 Founding 10X TV
    25:30 TV ads in big vs midsize markets
    29:18 TV vs Direct Mail
    32:49 Why 10X TV?

    • 37 min
    Red Flags & Real Estate Scams (Dean Rogers)

    Red Flags & Real Estate Scams (Dean Rogers)

    Scammers are just a part of life, but Dean Rogers learned how to do 'deeper' due diligence after he got burned by a known criminal. Dean lost $180,000 but sees how he could have avoided it by trusting his gut and making a few more phone calls to other people involved in the deal.
    Con-men (and Con-women) know that most people want to trust other people, and they abuse that trust to scam people. To avoid scams in real estate (or anywhere) just remember this quote:
    "Trust, but verify." - Ronald Reagan 
     
    ⏰ TIME STAMPS ⏰
    00:00 Dean Rogers - Real Estate Investor
    01:43 Football Career & NFL Signing
    09:54 Deciding to Retire
    15:30 Corporate Life Letdown
    16:20 Getting First Wholesale Deal
    22:19 Real Estate Investing 101
    23:47 Co-Wholesaling to Going Solo
    28:08 Real Estate Due Diligence
    29:31 Red Flags & Real Estate Scams
    38:02 How to Expose the Scammer
    45:00 The Deal Champs Podcast

    • 50 min
    Make Your Rules & Reduce Your Risk (John Jackson)

    Make Your Rules & Reduce Your Risk (John Jackson)

    As someone who embraced legal lease options in Texas, John took advantage of the opportunity the regulation created. From working with one or two FSBO sellers to eventually scaling up and moving hundreds of properties every year, John was named the King of Lease Options by Joe McCall himself.
     
    But all of that business success set John up for some painful failures, so John thought back to his time as a stock trader came up with these 3 rules to live by. 
     
    Your ego ain't your amigo - When entrepreneurs hit the Million dollar mark in gross revenue, it's a dangerous place. The success builds the ego, the ego underestimates risk, and the risk breaks down the ego. Gross doesn't buy groceries - Tracking your gross revenue is almost pointless, because it's the profit the business generates that actually matters. It's OK to make a mistake ONCE - Every mistake should teach you a lesson, learn the lesson and create a rule to prevent yourself from repeating the mistake.  
     
    ⏰ KEY MOMENTS ⏰
    00:00 John Jackson - Lease Options / Rent to Own Houses
    01:00 Joe McCall names John the King of Lease Options
    03:20 John Jackson & Joe McCall & Naked-Investor.com
    04:46 Lease Options Explained
    06:02 Are Lease Options Legal in Texas?
    07:43 Downloadable Free Real Estate Contract PDF
    08:30 John Gets His First Lease Option Contract
    12:34 Creative DIY Bandit Signs
    14:07 Sandwich Lease Options Explained
    15:02 #1 Person You DON'T Want to be in Real Estate
    16:53 Don't Break the Rules of Real Estate
    18:31 Roadmap for Scaling a Business
    20:05 Russ Whitney's Real Estate Training Business
    21:47 KPIs & Gross Doesn't Buy Groceries
     

    • 24 min

Customer Reviews

3.5 out of 5
66 Ratings

66 Ratings

beegees5 ,

good info

Really good non-indeph info and starting point. The asian guy is a little too animated and it's hard to focus on what he is saying sometimes because of it. But overall good stuff, Thanks!

bananahamm0ck ,

Great info & fun to listen

The guests share really good info and the host is great at digging in when they give vague answers! Love this podcast!

npolanco ,

If you like infomercials, you'll love this podcast

Every episode some trying to sell you their get rich program. No valuable info. Pass!

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