Investor Creator Podcast

Profit First for Real Estate Investors with David Richter

David Richter is a fractional CFO helping people in the real estate industry to understand the numbers, growth, profit and cash flow in order to effectively scale their businesses. David's book "Profit First for Real Estate Investors" is coming out soon and it is based on the Profit First concept by Mike Michalowicz. In this episode David explains how to apply the Profit First concept to the specifics of real estate investing. He also gives us one key takeaway to help you build a more profitable business than it is today.

What We Cover:

- The burning need for entrepreneurs to get more clarity on the numbers in their business

- What is Profit First for Real Estate Investors

- The three types of accounts every real estate investor should have

- How to apply Profit First when you want to scale your business

- What investors should do with excess cash they generate

- The difference between creating wealth and keeping wealth

- How your real estate investing business can become your asset

Resources:

- Profit First for Real Estate Investors https://profitfirstrei.com/

- Simple CFO Solutions https://simplecfosolutions.com/

- "Profit First: Transform Your Business from a Cash-Eating Monster to Money-Making Machine" by Mike Michalowitz https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making-ebook/dp/B01HCGYTH4

- "Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money that the Poor and Middle Class do not" by Robert Kiyosaki https://www.amazon.com/Rich-Dad-Poor-Teach-Middle-ebook/dp/B07C7M8SX9/

- "Exit Rich: The 6 P Method to Sell Your Business for Huge Profit" by Michelle Seiler Tucker https://www.amazon.com/Exit-Rich-Method-Business-Profit-ebook/dp/B08PCK7PMK/ 

- "Secrets of Sand Hill Road: Venture Capital - And How to Get it" by Scott Kupor https://www.amazon.com/Secrets-Sand-Hill-Road-Capital-ebook/dp/B07KLJQ13R/

Interested in becoming a real estate investor? Sign up of Brad Smotherman's apprenticeship group at support@bradsmotherman.com

[TRAILER] Profit First for Real Estate Investors with David Richter

If you are trying to scale your real estate investing business, stay tuned for this episode! David Richter from Simple CFO Solutions talks about the Profit First concept for real estate investors, and gives one key takeaway to help you build a more profitable business than it is today. Full interview coming up tomorrow!

How Justin 15x‘d his Business

I'm excited to welcome Justin Rogers to the show, a 10-year veteran in investing and a member of my apprenticeship group for 2 years. We are diving deep into Justin's meteoric rise from making 15-25k per flip to his first six-figure deal using our system and scaling to 7-figure business.

What is Covered:

- What has changed in the real estate market since 2012

- How Justin got started with investing after a career in entertainment 

- How he made his first 500k deal

- The toughest part of transitioning from solopreneurship to investing business

- How marketing became a gamechanger in Justin's business

- Justin's most memorable deal to date

Justin honestly shares his fears and struggles, from the lack of self-belief and belief in group programs, to juggling his family life and working life at the beginning of his journey. It's humbling for me to witness the success he has made within this program.

If you want to be a part of our apprenticeship group and experience the growth Justin had, shoot us an email at support@bradsmotherman.com

[TRAILER] How Justin 15x‘d His Business

Justin Rogers is a real estate investor with 10 years of experience and a member of Brad Smotherman's apprenticeship group. Stay tuned to learn about his best deals that helped him 15x his business!

Investing Internationally with Nathan Amaral

Our guest in this episode is Nathan Amaral, an international investor who gives us a very forward-thinking perspective on real estate business and venturing into markets outside of your home country. Nathan is the founder of Fearless Millionaire, creator of the Freedom Formula, author, and international trainer.

In this episode we talk about what cap rates look like in other countries, what political processes are like and how this affects transactions, taxes, laws and the future of international investing. 

What is Covered:

- How Nathan became an investor and how he moved to Uganda

- The importance of soaking yourself in another culture before starting a business there

- What his first deal in Uganda looked like

- Why corruption is a global phenomenon

- How to raise money in a foreign country

- Nathan's current senior care project

- What his next markets are and what Covid has brought to international investors

After the conversation with Nathan, I can't help but wondering, with AI and technology advancing, if the typical investor in 30 years will be someone with a more international vantage point. The answer is probably yes, and Nathan is showing us the way. 

Resources:
- Connect with Nathan Amaral https://www.fearless-millionaire.com/

- Fearless Millionaire Podcast https://www.fearless-millionaire.com/podcasts/fearless-millionaire-podcast

 

Interested in becoming a real estate investor? Sign up of Brad Smotherman's apprenticeship group at support@bradsmotherman.com

[TRAILER] Investing Internationally with Nathan Amaral

This week we'll learn from the Fearless Millionaire Nathan Amaral about taking your real estate investing business abroad to countries like Uganda, Malaysia, Singapore and more. Stay tuned!

Private Investigations in Real Estate with Paul Dillon

Paul DIllon is one of the top investigators in the country and the Director of Investigations at The Dillon Agency, a full service investigation company with offices across the US and overseas. As a private investigator, Paul has worked on cases with Whitney Houston, Michael Jackson and a number of other A-list celebrities.

In this skills session, Paul shares with us how a private investigator can help real estate investors to protect themselves in tough situations. Paul has helped me on several cases over the past five years, and investing in his services has saved me a lot of headaches.

What We Cover:

- How Paul Dillon became a private investigator and what this job really means

- How technology helps modern PIs and what soft skills are indispensable in their job

- Why it's wiser sometimes to hire a PI rather than an attorney, and why people rather talk to a PI than a policeman

- Examples of some of the cases Paul has worked on in real estate business

- Why it is crucial to take your emotions out of your deals

- How to deal with tough negotiations and irate people

- What is it that PIs can and cannot do

- The average cost of hiring a PI

Resources:

- Connect with Paul Dillon https://thedillonagency.com/

Interested in becoming a real estate investor? Sign up of Brad Smotherman's apprenticeship group at support@bradsmotherman.com

[TRAILER] Private Investigations in Real Estate with Paul Dillon

Special episode coming up with one of the top Private Investigators in the US Paul Dillon! Find out how investigation services can be useful in real estate investing business to help you stay safe in your deals. 

 

 

How do You Define What is Hard?

Is real estate investing business hard? How do you define what is hard? How do you choose your hard?

To me, a corporate job is hard. And there is no safety in corporate environment. But it may be easy and enjoyable for somebody else. 

Instead of what is hard and what is easy, think about what you want for yourself. If you think the real estate investing business is going to be easy, then you don’t have the right mindset. But if you know it's going to be hard in the beginning, and you want to get into it anyway, this may be the right business for you. 

If you need help with getting started, shoot me an email at support@bradsmotherman.com.

Resources:

-Case Study: How We Made $1M+ in Equity Positions Per Month https://makingInvestor.podbean.com/e/case-study-how-we-made-1m-in-equity-positions-per-month/

- What it Takes to Make $500k a Year https://makingInvestor.podbean.com/e/what-it-takes-to-make-500k-a-year/

Case Study: How We Made $1M+ in Equity Positions Per Month

In April 2021 we made a decision to shoot for $1M in equity capture each month. We didn't know anyone who did it before, but we decided to give it a go, and we hit the goal already in June.

In this episode, Tony Woodall, James Garland and I discuss how we did this. We go through the deals we made, how we found motivated sellers, and how we negotiated and structured these deals in order to hit $1M per month.

What We Cover:

- Explaining gross profit vs. net price

- The importance of having the right team

- How to make yourself findable by quality leads

- Why we don't make offers

- The power of the negotiation script

- What the current hot spots in the real estate market are

- How to make deals in one phone call

- Examples of the deals we made

If you’re currently struggling in your business, if you don’t know how to find motivated sellers, if you don’t understand how to negotiate or how to structure the deal, then you’re missing more than you’re capturing.

If you want help with your business, reach out to me at support@bradsmotherman.com