151K
Downloads
148
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
Tuesday Aug 09, 2022
Tuesday Aug 09, 2022
Today, we take a look at the beginnings and the struggles we experienced when entering the real estate business. We are going to offer you some perspective on bad times to help you turn your setbacks into your comebacks.
What We Cover:
- Deal of the Day
- How to re-frame everything negative that has happened to you
- How your struggle serves to build your program
- Remember that you never have a full context about people
- Examples of difficult transactions we had, and what we learned from them
There’s a lot of benefits and value in the struggle. Struggling means that you don’t have the whole context yet of what’s not going well and how to change it. Although riding the roller coaster can be emotionally exhausting, you get to learn from your bad times, and you'll see that over time, most things will work out.
Email us at support@bradsmotherman.com if you have a question you’d like answered on one of the following Tuesdays.
Resources:
- TMC #3 - Context is Everything in Real Estate Investing https://apple.co/3QdxHfn
- Join The Investor Creator Community https://www.facebook.com/groups/3083532848354005
- Follow us on TikTok https://www.tiktok.com/@bradsmotherman
- Website https://www.bradsmotherman.com
Tuesday Aug 02, 2022
Tuesday Aug 02, 2022
What does it mean to stay in hope and why does it matter in these times? Today we talk about how staying in hope can help us define and have clarity about what we want in our future. Hope is part of the narrative we tell ourselves as we try to build a state of mind that believes in a brighter future. This episode is a follow up on the last week's episode and tackles why you need to remain focused on the input to create the output you desire.
What We Cover:
- Deal of the Day
- Falling in love with the idea of being the only one that is doing it out there
- How hope can be a factor of certainty
- Certainty as the factor of time frame. What time frame are you putting yourself on?
- Where to find a community that levels you up
- Remember the Triple A - Affirmation, Abundance Training, Anchors
It is much easier for one person who already has done one deal to do the second one. This is why you need to fall in love with the journey first, and keep in mind that it is a journey that never ends. Remain committed to the process. Be intentional with your affirmations, write down your commitments and then anchor your goals. Your journey of growth starts today.
Email us at support@bradsmotherman.com if you have a question you’d like answered on one of the following Tuesdays.
Resources:
- TMC #20 - Real Estate: Journey vs. Destination https://apple.co/3oOhHEM
- Join The Investor Creator Community https://www.facebook.com/groups/3083532848354005
- Follow us on TikTok https://www.tiktok.com/@bradsmotherman
- Website https://www.bradsmotherman.com
Tuesday Jul 26, 2022
Tuesday Jul 26, 2022
In real estate, if you’re not growing, you’re dying. Incremental improvements have to be your continual focus. Today we discuss how to take the reins of your business, and as a business owner, how to nurture the mindset where you define your own success.
What We Cover:
- Deal of the day
- The rise of foreclosure as motivation in the current market
- You’re not buying a house, you’re buying a problem
- Perspective leads to expectation, and expectation will create a new perspective
- The real value of micro-improvements and the compound interest analogy
- Why negotiation is the highest paid hard work and the lowest paid easy work
- Why focusing on your input is more important than focusing on your output
Once they start happening, things can happen really quickly in real estate. But before they do, the key that people often miss is consistency. Most people’s expectations are not based on what they are actually doing, but on what other people have done. Don't forget that everybody is just running their own race, and don’t compare yourself to others. It's your daily input that shapes your destiny.
Email us at support@bradsmotherman.com if you have a question you’d like answered on one of the following Tuesdays.
Resources:
- Join The Investor Creator Community https://www.facebook.com/groups/3083532848354005
- Follow us on TikTok https://www.tiktok.com/@bradsmotherman
- Website https://www.bradsmotherman.com
Tuesday Jul 19, 2022
Tuesday Jul 19, 2022
This Tuesday Morning Coffee is all about equity: the difference between price and term equity, and why we currently have a true but incomplete idea of what equity really is when it comes to real estate. We discuss the common path where everybody tends to take more price equity when there are considerable benefits to term equity that often get overlooked.
What We Cover:
- The upcoming Mastermind and other company event updates
- Deal of the Day
- The true but incomplete idea we're holding about what equity is in real estate
- Differentiating term equity vs. price equity
- Price is a function of terms; you can pay any price if the terms are correct.
- How to control the asset without the liability of ownership
- How to craft better deals where you can benefit from term equity
There is no wrong way to do a good deal; it’s just shades of grey as to which is the most right. However, while flipping houses is a good thing, it is never going to retire you, but creating cash flow will. Bear in mind that there is going to be more advantage in the coming market by doing term equity deals than price equity deals.
Email us at support@bradsmotherman.com if you have a question you’d like answered on one of the following Tuesdays.
Resources:
- Join The Investor Creator Community https://www.facebook.com/groups/3083532848354005
- Follow us on TikTok https://www.tiktok.com/@bradsmotherman
- Website https://www.bradsmotherman.com
Tuesday Jul 12, 2022
Tuesday Jul 12, 2022
This week, Tony and his special guest Big Paulie talk about why mid-year can be a great time to review your goals, and recognize you still have plenty of time to turn your ship around. As we've entered the second half of 2022, you can still accelerate your speed to gain significant momentum towards your goals for this year.
What We Cover:
- Half a year in review: what are your goals to move forward to?
- What it’s like setting goals for an investigation company
- Why the second half of the year tends to be more productive
- How to stay fluid and ready for anything to happen
- What scarcity mentality does to you and how you can snap out of it
- Expect things to be difficult but stay focused on what’s ahead
Mid-year can be an opportune time to reflect on things you need to recalibrate. The important thing to remember is to give up scarcity mentality and expect difficult things to happen. Things in life disappear to make room for something new. You only need to remain focused on what’s ahead and keep a positive mindset.
Email us at support@bradsmotherman.com if you have a question you’d like answered on one of the following Tuesdays.
Resources:
- Join The Investor Creator Community https://www.facebook.com/groups/3083532848354005
- Website https://www.bradsmotherman.com
Tuesday Jun 28, 2022
Tuesday Jun 28, 2022
Today we're talking about why we don’t do lease options as a business model. Actually, the only times when we’re doing short-term lease option is when we’re transferring the deal to medium or long-term owner financing. So we want to compare and contrast lease options vs owner financing and explain why we've chosen the latter.
What is Covered:
- Pro-lease arguments and why they don't really work
- When having appreciation is not an advantage at all
- Does it make sense to use depreciation for tax advantage?
- What really happens when the deal goes bad and you're on lease option
- A potential benefit short-term lease option - double dipping
- The benefits of owner financing:
- There is not that much liability when holding notes as opposed to lease contract
- There’s no vacancy in repair with owner finance model, whereas when you get the house back from a lease you always have to do some repair
- You get big down payments so the foreclosures don’t hurt you
- Owner financing is highly scalable
- Con to lease option: from the buyer perspective, you have no control
- Con to owner financing: it doesn’t seem real at first until you cash out the first time
So have a think about these arguments, and email us at support@bradsmotherman.com if you have a question you’d like answered on one of the following Tuesdays.
Resources:
- Join The Investor Creator Community https://www.facebook.com/groups/3083532848354005
- Website https://www.bradsmotherman.com
Tuesday Jun 21, 2022
Tuesday Jun 21, 2022
We notice there is a sense of fear taking over the current market and expanding into real estate. Yes, it may be a tough market but the reality is that the number of households interested in becoming homeowners remains high. If you remain focused on what matters, this challenging market has a silver lining for you.
What We Cover:
- Announcements: Free Support Calls + Stinky House Challenge!
- The asset classes that are currently not doing very well (Bitcoin, etc.)
- Fear sells and how to avoid sloppy buying
- The game will change but it doesn’t mean there is no game
- Why we are now seeing adjustable rate mortgages
- Is it possible to have major ‘corrections’ in real estate?
- Home ownership is not going away but we will see some changes
The current market trigger is no doubt difficult. However, a crash market is not necessarily a bad thing for everyone. We can’t be scared of change because with every change comes an opportunity and we have to learn to adapt and to be excited about what’s to come.
Email us at support@bradsmotherman.com if you have a question you’d like answered on one of the following Tuesdays.
Resources:
- Join The Investor Creator Community https://www.facebook.com/groups/3083532848354005
- Website https://www.bradsmotherman.com
Tuesday Jun 14, 2022
Tuesday Jun 14, 2022
Mentorship is a process that develops naturally when a mentee is found by a mentor or vice versa. Mentors often make a huge impact without even realizing it or trying, and the experience of having this kind of relationship is utterly rewarding. So today we’ll discuss the relevance of mentor-mentee relationships in building a career in real estate.
What We Cover:
- Character traits of a mentor
- How to know in which areas of your life you'll benefit from having a mentor
- How a mentor shortens the learning curve and saves time and costs
- Why sometimes you need to burn the boat to find a way to get to the shore.
- How Mentor-Mentee relationship increases vision and goals
- Mentor-mentee relationship is a two-way street
A great mentor provides valuable insights not just about the market and industry, but also about how you can have long-term success. You get feedback from a person who has the context and you just need to trust the process. So go out there and find your mentor.
Email us at support@bradsmotherman.com if you have a question you’d like answered on one of the following Tuesdays.
Resources:
- Join The Investor Creator Community https://www.facebook.com/groups/3083532848354005
- Website https://www.bradsmotherman.com
Tuesday Jun 07, 2022
Tuesday Jun 07, 2022
This is the last of the big 5 motivators that we cover in this series. In our deals, we see that being a tied landlord is usually coupled with one of the other motivators such as preforclosure or inheritance. Though the lowest amount of purchases comes from this motivator, it can still be very powerful in your transactions, and today you'll find out why.
What We Cover:
- What a professional tenant is
- In what kind of situations you deal with tired landlords
- What the house means to a landlord and what emotions are tied into the deal
- Examples of transactions we had with tired landlords
- Why it's good to have a young mentor if you are starting in real estate business at the age 50+
Although you probably won't run into tired landlords that often in your business, beware that some of your best-term deals will come from them. So keep your eyes open, stay curious and keep learning!
Email us at support@bradsmotherman.com if you have a question you’d like answered on one of the following Tuesdays.
Resources:
- Join The Investor Creator Community https://www.facebook.com/groups/3083532848354005
- Website https://www.bradsmotherman.com
Tuesday May 31, 2022
Tuesday May 31, 2022
This week, we are continuing with another motivator from the Big 5 Series: Inheritance. The process for this one is not easy and requires a lot of patience. In some cases, there are contingencies that are not always in the script, so you need to keep a level head and take time to analyze your best course of action.
What We Cover:
- Deals of the Day
- Emotions involved in inheritance: grief, greed, and guilt
- Helping should be a priority even when buying the house is not guaranteed
- Dealing with multiple owners of the property
- The least understood aspects of the probate proceedings
- If you don’t have state documents in order, get it done asap
When dealing with inheritance, keep in mind that emotions and tensions can run high within a family. The probate process can also get contentious with multiple owners but don’t get lost in the legal process. As soon as you learn how to navigate it, you’ll find yourself at the hands of highly profitable investments.
Email us at support@bradsmotherman.com if you have a question you’d like answered on one of the following Tuesdays.
Resources:
- Join The Investor Creator Community https://www.facebook.com/groups/3083532848354005
- Website https://www.bradsmotherman.com