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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
Monday Aug 17, 2020
Monday Aug 17, 2020
Jim Maffuccio is a 30-year real estate veteran and an expert in mortgage notes. In 2009, he began investing in mortgage loans, developing key sources and vendors and applying his extensive real estate experience to the note investment space. In 2012 he co-founded Aspen Funds, a fund management company focused on mortgage investments.
What We Cover In This Episode:
- How Jim sees the current state of the real estate market and where he sees the opportunities
- How regulation in real estate industry has become more complex over the years and across the states
- What kind of notes he is buying and what the deals are like
- What the due diligence process is like for investing in second mortgages
- What Jim’s business goals are with "rehabbing" non-performing mortgage notes
- What to do with completely “dead” seconds and the maximum value that can be extracted from them
- What is emotional equity
- The best and the worst transactions Jim has had in his career
- How to balance between cash flow business and wealth building business
Resources:
- Aspen Funds https://aspenfunds.us/
- http://www.bradsmotherman.com
Saturday Aug 15, 2020
Monday Aug 10, 2020
Monday Aug 10, 2020
My guest today is Scott Dawson, a real estate entrepreneur and investor with over 20 years experience in the real estate industry. After struggling through his 20's to flip homes, Scott was able to build a team of realtors and sold homes traditionally until the big crash in 2008-2009. After the crash he did some traditional sales and flips all on his own. In 2018, Scott started Optionbee LLC, a home and land buying company. In this episode we talk about his rich background in residential, wholesale, flips, and hedge fund transactions.
What We Cover In This Episode:
- Conservative vs. aggressive approach right now in the real estate market
- How Scott got started in real estate and the value of being ready to just knock on doors
- Why he works by himself right now
- How Scott’s acquisition process works using direct mail
- How he got involved with hedge funds are what they are looking for in a purchase
- Scott's advice for first-time investors – define your goals, find out who you are, what you want, where you want to go, and pick up a good strategy
Resources:
- OptionBee https://www.optionbee.com/
- Connect with Scott on Facebook https://www.facebook.com/scott.dawson.925059
Saturday Aug 08, 2020
Friday Aug 07, 2020
Friday Aug 07, 2020
In today’s episode, we’re talking about how to pick a new market.
As we begin to rise through the hierarchy of flipping business, from struggling as startups to success and scaling, we start to identify new markets. We also find that fundamentals and conservatism are what drives profit in the business. Once we understand that, we can take that model and go to almost any market in the country, and create equity positions there.
What We Cover In This Episode:
- Being caught between two markets - market to buy and market to sell
- Choosing market based on your goal as an investor
- The importance of considering population and their problems at a new market
- Looking at the medium price in a potential market
- What the appreciation rate tells you about the given market
- Days on market and why it may be wiser to go to a softer market
- Getting to know the local cash buyer rate and local real estate investors association - REIA
Resources:
Monday Aug 03, 2020
Monday Aug 03, 2020
Kent Clothier is the founder and CEO of Real Estate Worldwide, an education company where he teaches his proven reverse wholesaling systems to entrepreneurial students to help them build their real estate businesses.
He also owns and operates three multi-million dollar a year software-based brands that help real estate investors and agents to reach a specific marketing niche.
What We Cover In This Episode:
- Opportunities and cautions for sellers and investors in the current real estate market
- How Kent’s first multi-million business skyrocketed and failed
- How he overcame the failure and started a new business
- How he brought his reverse wholesaling concept into real estate world
- The most common mistakes that new investors are making
- How many properties Kent’s company manages right now
Resources:
- Kent Clothier’s website: https://kentclothier.com/
- Connect with Kent on Facebook: https://www.facebook.com/kent.clothier
- Connect with Kent on Instagram: https://www.instagram.com/kentclothier/
Friday Jul 31, 2020
Tuesday Jul 28, 2020
Tuesday Jul 28, 2020
Tim Bratz is a multi-family real estate investor, CEO and co-founder of Legacy Wealth Holdings. He began his career in New York as a broker, leasing ground floor retail units. In 2008, he moved to South Carolina and started building his own real estate company. Today, he owns a property portfolio of over 3,400 units, and shares some of his secrets to multifamily success with us.
What We Cover In This Episode:
- The current state of the market in multifamily real estate space
- The importance of having systems and business models in place in order to be resilient in the crisis
- How Tim transitioned from investing in single family to multifamily properties
- What the due diligence process looks like for buying an apartment building
- How financing structure looks like in commercial real estate
- What are the typical disqualifiers for a property that Tim considers investing in
- What the journey to a ‘Grand Slam’ deal looks like
- What is the most misunderstood part of multifamily investing
Resources:
- Legacy Wealth Holding https://www.legacywealthholdings.com/
- Follow Tim Bratz on Facebook https://www.facebook.com/CommercialEmpire/
- Follow Tim Bratz on Instagram https://www.instagram.com/timbratz/
- Connect with Tim on LinkedIn https://www.linkedin.com/in/timbratz/
Monday Jul 27, 2020
Saturday Jul 11, 2020
Saturday Jul 11, 2020
Clayton Morris is a real estate investor, founder of the turnkey rental company Morris Invest, and host of the Investing in Real Estate Podcast. His mission is to help people achieve total financial freedom through educational modules that he implements with his wife Natalie. Today we talk about the essential questions like why you would want to get in real estate investing, and what you need to do to succeed in it.
What We Cover In This Episode:
- What is a possible long-term solution for commercial space investors in the time of the pandemic
- The challenges of being a tenant with mortgage in a big city
- How tenants are losing due to building and selling turnkey to investors
- China and Canada as case studies, and Trump’s opinion on mortgages
- Clayton’s focus on creating an organic business and revenue
- The advantages of podcasts and broadcasting as a tool of communication and education
- Starting a business with your WHY
- 3 things you need to become an investor: cash, deal and connections
Resources:
- Clayton Morris's website: https://www.claytonmorris.com/
- Subscribe to Clayton’s YT channel: https://www.youtube.com/morrisinvest