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Episodes
Brad Smotherman, a multiple 7 figure house flipper, shows you how to market for houses, negotiate, structure your deals, and fund your deals so that you can create a high 6 figure or 7 figure house flipping business, without sacrificing your freedom.
Episodes
Wednesday Jan 20, 2021
Wednesday Jan 20, 2021
Welcome to Part 1 of our 3-part Goal Setting Intensive for 2021. We are going to learn the goal setting process that has made a huge impact in my business. So get your notepads ready and let's set the stage!
What We Cover:
- The structure of this workshop and what we are going to do over these three days
- SWOT analysis - Strengths, Weaknesses, Opportunities and Threats in 2021
- The difference between setting standards and setting goals
- What is Pay Price to Action
The homework for tomorrow is to write down the SWOT analysis for your business, to write up your own standards in business and personal life, and to think about your Pay Price to Action - what are you willing to give up to achieve your goals in 2021?
Happy Goal Setting and see you tomorrow!
Resources:
Apply for Brad Smotherman's Apprenticeship Group at brad@bradsmotherman.com
Tuesday Dec 29, 2020
Tuesday Dec 29, 2020
This is one of our support calls within my apprenticeship group, which consists of amazing people growing their business, creating notes, creating owner financing and doing deals that they’ve never done before. In this group I teach real estate investors how to structure their deals, I teach them about marketing, infrastructure, negotiating, cash flow, and other things, so they can begin seeing deal structure in a different way, based on how we create financing.
What You Will Learn in This Episode:
- Why the number of deals done in a year doesn’t really matter and what metric you should be looking at instead
- The necessary groundwork and framework you need to learn before getting into higher level deal structures
- Tips and suggestions for deal negotiations
- Pros and cons of owner financing in specific situations
- Why one bad deal can overshadow ten good ones
- Advice on wrap notes and equity position
- Examples of work in progress on successful deals in various US markets
- State of real estate market at the end of 2020
Apply for Brad Smotherman's Apprenticeship Group at brad@bradsmotherman.com
Wednesday Dec 23, 2020
Wednesday Dec 23, 2020
How do we "play" the election now that we have a new president coming in? How do we take his administration and policies and implement those into our business? What will happen in 2021?
My short answer is - nothing. And here's why.
What We Cover:
- Reasons for optimism and pessimism in the real estate investing space
- The basis of our business - marketing and capturing motivated sellers
- Two markets and how they are always inversely related
- Conservative values of the real estate investing business
- Does it really matter who is in the White House?
In short, we are not changing anything in our business model. And if you feel like your business is going to boom or bust based on which party is taking the presidency, then you really need to look at the fundamentals and make sure that you have strong business foundations.
Interested in real estate investing? Book a discovery call with Brad at http://www.bradsmotherman.com
Friday Nov 06, 2020
Friday Nov 06, 2020
Greg Gaudet is a Real estate investor at Maui Home Buyers and Business Development Manager at Premier Restoration Hawaii. He is actively rehabbing and flipping properties on Maui in order to rehab distressed properties and create affordable housing for struggling local families.
Greg shares an amazing and inspiring story with us about how he went from struggling with addictions, to being homeless, to deciding to become an investor and having an amazing life in Maui, which is one of the most difficult markets in the world.
What We Cover:
- How Greg got interested in real estate investing after being an appraiser
- Greg’s struggle with addictions and how he overcame it
- How he managed to save 30k in order to start investing in rental properties in Maui
- The role of vision board and practices around it for achieving your goals
- How many properties Greg has now and what it’s like operating in the Maui market
Resources:
- Maui Home Buyers http://www.mauihomebuyers.com
- Connect with Greg by email: greg@mauihomebuyers.com
- IG: @mauihomebuyers, @investor.greg
Interested in real estate investing? Book a discovery call with Brad at http://www.bradsmotherman.com
Tuesday Nov 03, 2020
Tuesday Nov 03, 2020
FULL EPISODE COMING SOON!
Greg Gaudet from Maui Home Buyers shares his story of struggling with addictions and being homeless, to deciding to become an investor in Maui, Hawaii, one of the most difficult markets in the world.
Thursday Oct 29, 2020
Thursday Oct 29, 2020
Avery Carl is a full-time real estate investor and real estate agent based in Florida. She helps real estate investors gain knowledge in order to be able to invest their money in short rentals, and create more passive income. Her strategy consists of taking her short-term rental income and parlaying that in the long-term rentals, and she’s building the portfolio of doors really quickly, which you will find very inspiring.
What We Cover:
- Avery's background and how she got into investing in rental properties
- The strategy she is using to build her portfolio
- How to manage a rental property remotely
- The advantages of self-management and the problems with property management companies
- Why a conservative approach to rental property markets works
- The 2020 boom in the drivable rental markets
- How to navigate the customer reviews as a rental property owner
- Tips for listing and choosing properties to invest in
- The story of people who are scared of the bear
- Why you should try investing in short-term rentals
Resources:
- The Short-Term Shop https://theshorttermshop.com/
Interested in real estate investing? Book a discovery call with Brad Smotherman at http://www.bradsmotherman.com
Tuesday Oct 27, 2020
Tuesday Oct 27, 2020
Avery Carll is a full time real estate investor and real estate agent based in Florida. She helps real estate investors gain knowledge to be able to invest their money in short-term rentals and create more passive income.
FULL EPISODE COMING SOON!
Thursday Oct 22, 2020
Thursday Oct 22, 2020
In this episode I want to talk about trusts and the due-on-sale clause. In my private coaching group, a lot of people ask if they should put property into a trust to mitigate the risk of due-on-sale provision. So here’s my take on it.
What We Cover:
- What is a trust - definition
- What is due-on-sale clause and its origins
- Cases in which due-on-sale clause might be violated
- The risks of putting a property into a trust
- What I prefer to do in terms of due-on-sale provision
- How to mitigate the risk if you have owner financing property
- Applying the substance over form doctrine in your deals
The due-on-sale provision is just not as mean and scary as it sounds. I've not found it to be a big risk factor in what we do. But I'm really against the deal structures that don't make sense, so just keep things clean and simple.
Interested in real estate investing? Get in touch with Brad Smotherman at https://www.bradsmotherman.com/
Monday Oct 19, 2020
Monday Oct 19, 2020
Kris Benson is a full time real estate investor, operating self-storage all across the country.
In this episode we talk about how he got involved in real estate, how he bought a group of duplexes, but decided that he didn’t really like that asset class because he wasn’t able to scale; how he then decided to jump into multifamily by developing and constructing a 64-unit multifamily complex in a town which has not seen development in almost 30 years; and finally how he transitioned from that into the self-storage world.
Kris is also operating Reliant Fund and raising 50 millions right now, so he shares how you can get involved in the self-storage world across the country if you are an accredited investor.
What We Cover:
- How and why Kris got into real estate at the age of 29
- Finding opportunity for development in an unlikely town in the US
- What is multifamily syndication
- Investing in mobile home parks vs. self-storage
- How Kris analyzes self-storage micro-markets
- How to keep self-storage relevant and are there any value add opportunities there
- Predicted growth of the self-storage market
- How Kris’s Reliant Fund operates
Resources:
- https://www.krisbenson.com/
- Invest with Kris https://www.krisbenson.com/investwithkris
- Connect with Kris https://www.linkedin.com/in/kris-benson/
Interested in real estate investing? Get in touch with Brad Smotherman at https://www.bradsmotherman.com/
Friday Oct 16, 2020
Friday Oct 16, 2020
Kris Benson is the chief investment officer for Reliant Investments, a subsidiary of Reliant Real Estate Management and one of the top 25 commercial self-storage operators in the U.S. in 2019.
FULL EPISODE COMING SOON!!