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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
Tuesday May 24, 2022
Tuesday May 24, 2022
This Tuesday, Tony Woodall and Amanda Cooper discuss rehabs and how to scale from doing two to running sixteen at the time!
What is Covered:
- What the process of house rehab entails
- How to choose and purchase goods and materials when doing multiple rehabs
- The importance of confidently recruiting and running your team for rehabs
- What a new person should know before doing their first rehab
- How many rehabs Amanda is running at the moment and what her favorite ones were
Having Amanda on our team gave us speed and space to move forward. Rehabs are organized chaos, but once you power through your first one, you'll establish systems that can enable you to scale to doing multiple rehabs at the time.
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 10, 2022
Tuesday May 10, 2022
Today we are covering another big motivator that a large number of deals comes from, and that's health and safety. It's a broad topic and we will share some of the tough situations we've encountered while closing deals. We will also give some advice on how to navigate your transactions when you run into health and safety as a seller's motivator.
What We Cover:
- Apprentice Spotlight and Deal of the Day
- What health and safety means in the context of closing deals
- Examples of some deals where motivation was health and safety
- How to navigate a seller who might be in abusive situation
- At what point you should reach out for help if you run into a sever health and safety situation
- How to talk to the sellers to find out if there is a health and safety issue
When you are closing deals and something doesn’t seem right, pay attention as you might be called to take action if someone is in a threatening situation. Remember, we're making income as investors, but we are also making impact on people's lives and communities.
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 03, 2022
Tuesday May 03, 2022
This week, we are discussing divorce as the big motivator in deals and transactions. It’s a tough and contentious situation to navigate, but you’ll learn about the emotions involved in the process, as well as what the best course of action is and script you need to follow through.
What We Cover:
- Deal of the Day
- Divorce affects every party involved and the house is that last thing that ties it
- The process of unraveling the deed of trust is painful for both parties
- Two emotions you’re dealing with - mistrust and loss of identity
- Why you can’t build rapport with one party to the detriment of the other
- Negotiation starts with your marketing
- Refrain from becoming their counselor, but be able to listen
Divorce is a painful situation affecting everyone in the family, and you must be able to listen and walk through the pain with them. They are motivated sellers, so keep your focus and bear in mind that you are helping them by taking over their problem.
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 Apr 26, 2022
Tuesday Apr 26, 2022
Instead of a Tuesday Morning Coffee episode, which gave us some hard time with the audio recording last week, today I want to invite you to check your commitment.
I'm getting through 75 HARD program. It is a mental toughness program that requires you to commit to doing 5 things every day for 75 days, including workouts, reading non-fiction, drinking a gallon of water, following a nutrition plan and recording your progress.
While I'm about to run for 30 minutes in a thunderstorm, I realize I'm not necessarily in love with the process. But I am in love with the commitment to see this through.
The same goes for business - if you want the outcome you desire in terms of your income and your lifestyle, you have to jump into commitment.
So I challenge you to take some time this week and figure out what commitment means to you. And I'd like to hear back from you!
Email us at support@bradsmotherman.com if you have a question you’d like answered on one of the following Tuesdays.
Resources:
- 75 HARD https://andyfrisella.com/pages/75hard-info
- Join The Investor Creator Community https://www.facebook.com/groups/3083532848354005
- Website https://www.bradsmotherman.com
Tuesday Apr 19, 2022
Tuesday Apr 19, 2022
This Tuesday, we are discussing what scaling looks like and how it happens in real estate investing business. We go over the signs to watch for, and when it’s time to take the next step and experience growth.
What is Covered:
- Deal of the Day
- The organic nature of scaling
- Why growth is exponential and not linear
- How scale begins to happen sooner than you think
- Why being too cost-focused is a bad idea
- How to hire teams who are the right cultural fit
Good things happen to those who prepare. In this business, putting systems and structures in place before they are needed is a wise move. If during the scaling period things escalate to a stress point, it may already be too late because it is already inhibiting your growth. So work smart, keep your focus and always stay curious!
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 Apr 12, 2022
Tuesday Apr 12, 2022
Today we'll go over the 3 tried-and-tested strategies that will help you build your own real estate investment business. This is not comprehensive by intention, instead we chose to include the most essential insights that will help you get started.
What We Cover:
- Showcasing deals from two apprentices
- How to create a compelling vision and a disciplined mindset
- The ‘grit’ factor for success in the long haul
- How money works in deal structure
- Why you don’t have to be the smartest person in the room to do this
- Why you don’t necessarily need a real estate license
Some have had quick wins in REI business based on the market, but forgot to build the work ethic and the systems to develop a long-term strategy for sustainable success. Don't be that person, 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 Apr 05, 2022
Tuesday Apr 05, 2022
Today we're discussing the deals where hiring a private investigator made a real difference and helped solve a problem. We also talk about tenacity, and why it's so important that you keep your deals transactional and follow the systems you've created.
What We Cover:
- Deal of the Day
- What is structured tenacity and how it helps to solve problems with prospecting, listing, reducing, and selling
- The benefits of focusing on buying equity
- How to leave emotions behind in your deals
- How difficult sellers can turn into motivated sellers
You don’t need a private investigator in every deal you do, but they are certainly needed in sticky situations and crucial transactions about title and land ownership. Also, keep in mind that people don’t always intend to be difficult, sometimes it is the situation that complicates this. So your best course of action is to keep it transactional, follow your systems, and stay focused.
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 Mar 29, 2022
Tuesday Mar 29, 2022
This Tuesday we will share the three main reasons why we never make offers. We’ll also talk about what realtors need to understand about buying a house, and who actually wins the deal in the real estate business.
What We Cover:
- Deal of the Day
- Are successful people successful because they are cutting corners?
- What you believe about you has everything to do with how you make deals
- No process is foolproof and what to do about it
- How to gauge the motivation of the sellers
- The three key reasons why we don’t make offers
At the end of the day, it’s all about finding a standard process that works for you, sticking with it and getting better at it. We don't want to take away the motivation from the seller. Let them tell you what they will take for the house and just stay focused on your process.
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 Mar 22, 2022
Tuesday Mar 22, 2022
In this edition of Tuesday Morning Coffee with Brad and Tony, we discuss using real estate leverage to create wealth, and how having the right value perspectives around money can help you create an impact beyond your needs.
What We Cover:
- Deal of the Day
- Why virtual buying and PPC marketing in real estate can be daunting but also effective
- How to approach dealing with motivated sellers
- The 4S of business motivation
- How your goals can change your perspective on cash
If we accept that the purpose of any business should be value creation for the owner, at the end of the day, it is you alone who has the freedom to define value creation of your business for your desired specific values.
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 Mar 15, 2022
Tuesday Mar 15, 2022
Today we discuss the value of staying the course with your real estate investing business. Execution is about the discipline to practice your predefined strategy and implementation process. Whether you’re generating or nurturing leads, your motivation should always be accompanied by habits and optimized systems that keep you going even when times get rough and real estate markets go crazy.
What We Cover:
- Deal of the Day
- Success requires persistence to stay on the course
- If you have established a working system, trust that things are going to work if you give it enough time
- Why there is a lack of resources that teach creative financing
- The fear of failure as the biggest reason not to start something
- How incremental improvements over time become exponential
- Why tacit approval is a lie and the value of surrounding yourself with a peer group that will help you grow
- You can’t take advice from people that aren’t where you want to be
There are exponential benefits to staying the course. If you learn to focus on the quality and quantity of effort you are putting in, like attending training, keeping your skills current and learning about latest real estate market trends, you will reap the rewards if you can hold on to your path. Anybody can give you the tools but the willingness to stay the course is up to you. 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